USVI Public Records

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#2 John Brewers Bay • St. Thomas • U.S. Virgin Islands 00802 • Tel: (340) 693-1429 • Fax (340) 693-1415 • veda.richards@uvi.edu Historically American. Uniquely Caribbean. Globally Interactive. Benefits Administration UNIVERSITY OF THE VIRGIN ISLANDS BENEFIT FACT SHEET- TEACHING FACULTY POSITIONS RELOCATION & MOVING EXPENSES Reimbursement-Employee and Immediate Family (Economy Class Airfare) Relocation and moving expenses specified on employment contract HOUSING On-Campus Housing (Units for rent based on availability) INSURANCE PROGRAMS Group Health, Dental and Prescription Drugs and Employee Assistance Program (EAP) – Compulsory Group Life, Accidental Death, and Dismemberment/Non-Contributory - $10,000 Contributory – Plan A @ 1x, 2x’s, 3x’s, 4x’s base annual salary Plan B @ $10,000, 15,000, $25,000, $50,000, $75,000, $100,000, $150,000  Death Benefits (3/5 of base salary paid to next of kin)  Income Disability (Eligible after one year of continuous employment)  Medical Air Services Association – MASA (Optional)  American Family Life Assurance Company of Columbus-AFLAC (Optional)  Worker’s Compensation RETIREMENT- DEFINED CONTRIBUTION OR DEFINED BENEFIT PLANS-COMPULSORY Employee percentage=8%, Employer Percentage=14.5% for TIAA-CREF Annuity Plan ***Employee percentage=*10.5%, Employer Percentage=20.5% for (GERS) Government Employees Retirement System. (* Participants that have uninterrupted service credit of more than five years with GERS prior to October 1, 2005, employee contribution is 0.5% less than the Tier II rate. The contribution rate for employees will increase 1% each year through 2017 for all active participants enrolled in GERS. Supplemental Retirement Annuity (SRA) and 457B Supplemental Retirement Annuity (457b), Optional *** (Employees who fail to enroll in the TIAA-CREF retirement plan within thirty (30) days from the date of employment will automatically be enrolled in the GERS Retirement Program) EDUCATION Free tuition For Faculty, Spouse, and Eligible Dependents Tuition Exchange Program for Eligible Dependent Children Auditing Privileges Library Privileges HEALTH SERVICES On-Campus Medical Examinations ($40.00 per visit) SAVINGS PLAN Federal Credit Union LEAVE Sick Leave - 12 days per year PRE-TAX BENEFITS Premium Only Plan Medical and Dependent Reimbursement Plan (Flexible Spending Account) OTHERS Direct Deposit of payroll checks Notary Public Revised 02/10/2016 #2 John Brewers Bay • St. Thomas • U.S. Virgin Islands 00802 • Tel: (340) 693-1429 • Fax (340) 693-1415 • veda.richards@uvi.edu Historically American. Uniquely Caribbean. Globally Interactive. Benefits Administration