Fee
Courtesy |
|
Plan |
Enrollment |
Funding |
Start Date |
Comments |
|
Fee
Courtesy |
Employee elected |
IU pays a significant portion of IU tuition cost
|
Date of hire |
Benefit is applied to offset instructional fees when
timely application is made; otherwise the benefit is a reimbursement
after fees are paid by the student. |
Insurance |
|
Plan |
Enrollment |
Funding |
Start Date |
Comments |
|
Basic |
Automatic |
IU paid |
Date of hire |
Employee must designate beneficiaries
|
|
Supplemental |
Employee elected |
Employee paid with payroll deductions |
Date of hire if elected within 60 days of hire;
otherwise on the first day of the month following enrollment.
|
Proof of good health is required if the employee
enrolls after 60 days from date of hire |
|
Long Term Disability Insurance |
Employee elected |
Employee paid with payroll deductions |
Date of hire if elected within 60 days of hire;
otherwise on the first day of the month following enrollment.
|
Proof of good health is required if the employee
enrolls after 60 days from date of hire |
|
Personal Accident Insurance |
Employee elected |
Employee paid with pre-tax payroll contributions. |
Date of hire if elected within 60 days of hire |
After 60 days from hire, employee may enroll during Open
Enrollment (November) for an effective date of the following January
1. |
Medical & Dental coverage
|
|
Plan |
Enrollment |
Funding |
Start Date |
Comments |
|
Dental Coverage |
Employee Elected |
IU contributes a significant amount
of the premium; employee
contributes the remainder or the premium through
pre-tax payroll
contributions |
Date of hire if elected within 60 days of hire |
After 60 days from hire, employee may enroll during Open
Enrollment (November) for an effective date of the following January
1. |
|
Medical Coverage |
Employee elected |
IU contributes a significant amount
of the premium;
employee contributes the remainder of the premium through
pre-tax payroll contributions. |
Date of hire if elected within 60 days of hire
|
After 60 days from hire, employee may enroll during
Open Enrollment (November) for an effective date of the following
January 1. |
Paid Time
Off |
|
Plan |
Enrollment |
Funding |
Start Date |
Comments |
|
Paid
Time Off
Vacation, income protection(sick), holidays
(9 per year) |
Automatic |
IU paid |
Date of hire |
Vacation time accrues each pay period based on years
of IU service.*
Sick time accrues each pay period; use to cover
personal/family illness, medical appointments.*
* Scheduled absences are subject to supervisor
approval |
Retirement |
|
Plan |
Enrollment |
Funding |
Start Date |
Comments |
|
Base Retirement
Public Employee Retirement Fund (PERF)
|
Investment designations must be made to allocate contributions
|
IU paid |
Date of hire; contributions are credited upon receipt of
enrollment form for designating investment funds |
Employee must designate account beneficiaries |
|
Supplemental Retirement
IU Retirement Savings Plan
and
Tax Deferred
Annuity (TDA) |
Employee elected |
Employee funded through pre-tax payroll contributions.
|
First paycheck after processing enrollment
form |
Employee must designate account beneficiaries
|
Tax Savings Plans
|
|
Plan |
Enrollment |
Funding |
Start Date |
Comments |
|
Tax Saver Benefit Plan (TSB)
Health care reimbursement
and
Dependent care
reimbursement |
Employee elected |
Employee funded through pre-tax payroll contributions.
|
Date of hire if elected within 60 days of hire
|
After 60 days from hire, employee may enroll during
Open Enrollment (November) for an effective date of the following
January 1. |
