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SUMMARY OF EMPLOYEE BENEFITS

Group Health Insurance effective 6-1-2018:  

The University has group health insurance through Firstcare.  Participants use physicians approved by the plan.
Sign up period – no later than 30 days from date of employment or during open enrollment period in June.

Base PPO Plan: (Individual $2,500.00 deductible medical plus co-pays/ $100.00 deductible prescriptions plus co-pays)

Current Premiums are: Total McM pays Employee
Employee only $588.86 $438.78 $150.08
Employee/Spouse $1,254.36 $610.42 $643.94
Employee/Children $909.64 $493.64 $416.00
Family $1,540.75 $755.59 $785.16

Buy Up PPO Plan: (Individual $1,000.00 deductible medical plus co-pays/ $100.00 deductible prescriptions plus co-pays)

Current Premiums are: Total McM pays Employee
Employee only $706.64 $438.78 $267.86
Employee/Spouse $1,505.23 $526.83 $978.40
Employee/Children $1,091.56 $438.78 $652.78
Family $1,848.90 $647.12 $1,201.78


NOTE: Both plans deductibles are on a calendar year not fiscal year.

On-Demand.Healthcare  (TeleDoc):

This is a service where you can reach out to a Doctor via telephone, for minor illnesses, instead of going to a walk-in clinic/emergency room.
Cost is $13.00 per month (includes Tele-Doc access for you and your dependents)

Term Life Insurance: 

The University pays 100% of the premium for term life insurance in an amount equal to one year’s salary (up to $50,000 subject to age reduction), which is carried through The Harford.

Group Long Term Disability:

The University pays 100% of the premium for long-term disability, which is carried through The Hartford. 

Other Insurance Plans:

Other optional insurance plans are also available for employees and immediate family members.  The employee pays 100% of those premiums.  These include:

Critical Illness; Accident; Hospital Indemnity Plans through The Harford
Eye Care through Metlife Vision
Dental Care with or without Ortho through Met Life
Additional Life Insurance through The Hartford

Section 125-Cafeteria Plan through Discovery Benefits:  This allows you to tax shelter any unreimbursed medical or childcare expenses that you plan to incur over the plan year.

Retirement Plan:

To participate in the retirement plan, employees must contribute 1 % to 4% of their annual base salary to a 403(b) retirement plan; the University will then match then that percentage (1 % to 4%) contribution to the same plan.  Employees are immediately eligible.  The amount contributed by McMurry is vested three years after the employee’s date of benefit eligibility, for employees who have contributed to the retirement plan.  Employees have a wide choice of investment vehicles through the following companies:

TIAA-CREF

Enroll on-line at www.tiaa-cref.org/myretirepentplan
Employer code 366075     for enrollment assistance call 1-800-842-2888

Lincoln   

Lawrence Smith at 1-972-598-0242; lawrence.smith@LFG.com

Lord Abbott

Mark Miller, 325-698-5063

AXA-Equitable

Joshua Henson at 1-512-794-2379; joshua.henson@axa-advisors.com

VOYA

Ty Edwards, 1-800-774-0566; tyedw@flash.net

Education Benefit for Employees and Dependents:

The immediate family members of full-time faculty, staff and administration are eligible for Education Benefits at McMurry University.   Please check with the Financial Aid Office for the current benefit policy.
Financial Aid Office ext. 4713.

Other Helpful Information:

Visit our webs site: www.mcm.edu  or www.abilene.com

Vacation Leave

Consecutive
Years of Employment

   Vacation Hours Accrued Per Month     

FT   ¾  ½  ¼ 

 1 month- 7 years

 6.67 hours

  5 hours

 3.33 hours

 1.67 hours

 8 years -14 years

 10 hours

 7.5 hours

 5 hours

2.5 hours

 15+ years 

 13.33 hours

 10 hours

 6.67 hours

 3.33 hours


Holiday Schedule


Sick Leave

Sick leave may accrue to a total of sixty (60) days and sick leave pay may be drawn up to a maximum of forty (40) hours per week.  An employee is eligible for ten (10) paid sick days per fiscal year. 

For other miscellaneous employee benefit programs & services, please visit your Employee Handbook for a complete listing:  http://mcmnet/resources/Human_Resources/Shared%20Documents/McMurry-Employee-Handbook.pdf