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Manhattan College provides a comprehensive benefit package for full-time faculty, staff and administrators.

 

HEALTH/MAJOR MEDICAL/HOSPITALIZATION INSURANCE

The College has two types of medical coverage:

• CIGNA Open Access Plus Only (A) – with in-network and out-of network MD’s.
• CIGNA Open Access Plus Only  (B) – with in-network MD’s.

Employees are responsible for some contribution to either plan.

Note:  If you choose to decline the medical plan the college will pay you an annual fee of $1,500, or $750 or $600 depending on your family status and proof of other coverage.  One-fourth (¼) of this payment will be paid to you quarterly. 

 

DENTAL INSURANCE

We provide Dental insurance with the option to choose “in-network” dental providers or other private “out-of-network” dental providers.  With network providers, there is no deductible, no maximum.  With out-of-network providers there is a $50 deductible per person, $1,000 maximum payment per person per year.  Basic services are covered at 80% of the UCR charge and Major Services at 50% of the UCR charge.

 

LIFE INSURANCE & ACCIDENT DEATH AND DISMEMBERMENT

The college provides Life Insurance.

 

DISABILITIES AND WORKERS COMPENSATION INSURANCE

Coverage in accordance with NY State regulations.

 

TUITION ASSISTANCE – STAFF

Full-time employees with 3 months or more of service may apply for full tuition remission, up to 3 courses each semester.  After one year of employment, spouse and dependents receive half tuition remission and after 2 years of service, full tuition remission for spouse and dependents. 
(Courses at Manhattan College Only.)

 

(There is a thirty day waiting period for medical benefits and a three month waiting period for the onset of dental and life insurance benefits for new employees.)

 

TUITION ASSISTANCE – ADMINISTRATIVE/FACULTY

Full-time administrative/faculty are entitled to Tuition remission immediately as well as their spouse and dependents.
(Courses at Manhattan College Only.)

 

TUITION EXCHANGE – ADMINISTRATIVE/FACULTY/STAFF

We are a member of The Tuition Exchange Program.

 

TIAA-CREF/SRA

As an additional way to plan for retirement, a 403(b) tax deferred annuity plan is available.  Employees participate by authorizing monies obtained through payroll deductions to be invested in an individually selected, professionally managed portfolio.  The deducted monies and the interest earned are tax exempt until the money is withdrawn.

 

PENSION PLAN

Manhattan College provides a defined contribution plan through TIAA-CREF for full-time employees.  The employee contributes 3% or 5% of their salary.  The employer contribution is based on 5% of the employee’s annual salary up to the social security wage base. 

The College will increase the employer contribution to the Pension Plan for employees with 10 years of continuous full time employment up to a maximum of 10%.   The College contribution for salary above the social security wage base is 10%.

In calculating the years of service required to qualify for the 10% level of contribution by the College, the College shall grant credit for the ten years for any employee who has worked in an accredited degree granting institution of higher education for a minimum of 20 years of full time service at the time of hire by the College (20 years of previous qualifying service to be counted as the equivalent of 10 years of Manhattan College service, with no partial credit for previous service). This credit shall apply for employees joining the College full time on or after July 1, 2008, the year the 10% contribution level became effective.

There is a two year waiting period to join the plan.  However, time worked at other higher educational institutions can be used towards the 2 years or if you have a TIAA-CREF contract in force you can join immediately.

 

(The above describes a brief summary of benefits and is subject to change.  Employees should refer to the Benefit Handbook for details.)

 

June 2009