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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:

• Oxford Freedom Plan Access (A) – with in-network and out-of network MD’s.
• Oxford Freedom Plan Access (B) – with in-network MD’s.

Employees are responsible for some contribution to either plan.

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. For caps, crowns and bridges on either plan, payment is 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.

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

 

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.)

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 The deducted monies and the interest earned are tax exempt until the money is withdrawn.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 has increased the employer contribution to the Pension Plan for employees with 10 years of continuous full time employment up to a maximum of 10%. This increase will be phased in over the next three years as follows: 7.5% in Fiscal Year 2006; 8.5% in Fiscal Year 2007 and then 10% in Fiscal Year 2008 and thereafter, unless unforeseen financial situations necessitate a longer phase in.

The College contribution for salary above the social security wage base is 10%.

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. Employees should refer to the Benefit Handbook for details.

July 2005