Benefits Overview
Contents
Millikin
University offers employees who work a minimum
of 32 hours per week, or are considered full
time faculty, the following benefits:
Medical Insurance
The University offers a group major medical
plan which includes a hospital-based Preferred
Provider Organization (PPO). Coverage becomes
effective the first of the month following
one month of full-time employment.
Dental Insurance
The University's dental plan provides coverage for preventative
services, minor restorative services, major
services and orthodontics. Coverage
becomes effective the first of the month
following one month of full-time employment.
Flexible Benefit Plan
Under section 125 of the IRS Code, MU employees are allowed to set aside before-tax dollars in a reimbursement account not subject to social security, federal, or state taxes. From this account, employees may pay for health and dental expenses not covered bu insurance depended childcare, dependant eldercare expenses.
Life Insurance
The University offers life insurance equal to $50,000.
Coverage becomes effective the first
of the month following one month of full-time
employment. The premium is paid in
full by the University. Also, the
University offers supplemental life insurance,
which allows employees to purchase additional
insurance for themselves and their dependents.
Long Term Disability Insurance
The plan pays 60% of your base salary up to a maximum
benefit of $8,000 per month. This plan is
paid in full by the University. There is
a one year waiting period before being eligible
for this benefit.
Pension
The University's retirement plan is with TIAA-CREF.
Initial participation in Millikin's retirement
plan is voluntary; however, participation
becomes mandatory for full-time employees
after six years of employment. After
one year of eligible service, the University
will contribute 6% of the employee's base
annual salary, when the employee contributes
5%.
Sick/Vacation Days
The University provides sick days up to the maximum
allowance (130 days/non-exempt and 120 days/exempt) as well as vacation days based on your employment classifiction.
Personal Leave
The University provides personal leave based on your
employment classification. Please refer
to your employee handbook. The handbook
can be accessed from this web site.
Holidays
The University provides the following paid holidays-New
Years Day, Martin Luther King Day, Good
Friday, Memorial Day, Independence Day,
Labor Day, Thanksgiving Day and the following
Friday, Christmas Eve, Christmas Day and
one floating holiday per year.
Tuition Waiver
After two years of full time service, Millikin grants
full courtesy tuition waivers to full-time
employees, their spouses and dependent children.
Through Millikin's participation
in collegiate exchange programs, dependent
children may attend select colleges in addition
to Millikin with no tuition if certain conditions
are met.
Vision Discounts
All MU Employees receive vision discounts with select local providers. Please see Human Resources for names of providers.
Other Benefits
Employees
receive complimentary passes to regular
season Millikin athletic events; access
to tennis courts, weight room, and all-weather track and
field complex; discounts on membership at
the Decatur Indoor Sports Center (DISC),
selected performances at the Kirkland Fine
Arts Center, as well as several dining service
locations throughout campus. In addition,
all employees have access to an Employee
Assistance Program (EAP) and the Staley
Library.
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