***NEW*** SUMMARY OF BENEFITS for eligible employees at Philadelphia University as of July 1, 2014
Employees please click here for our benefits providers' contact information.
1. Social Security & Medicare Program
Emplyee and Employer contribute according to current tax rates which can be found at www.ssa.gov
2. Medical Insurance
Personal Choice Plans and Keystone HMO Plan Premium for Employee partially paid by University Premium for Employee's dependents partially paid by Employee Effective 1st of the month following employment
3. Dental Insurance
MetLifePremium for Employee paid by UniversityPremium for Employee's dependents paid by EmployeeEffective 1st of the month following employment.
4. Life Insurance Program
Standard Insurance Company Death benefits equal to 1 times annual salary Reduced benefit after age 65, University pays premium Effective 1st of the month following employment Additional individual insurance available with TIAA.
***NEW*** Group Life Insurance Amendment No. 3
5. Retirement Program
TIAA-CREF Contribution by University-9% of base salary, when employee contributes a minimum of 5% of base salary after the waiting period Required after 5 years of service and age 26 Salary reduction and SRAs availableWaiting period - one year following employment, minimum age 21; individuals with 1 year of full-time employment in higher education may waive the waiting period.
For more information regarding TIAA-CREF, go to www.tiaa-cref.org
6. Long Term Disability Insurance
Standard Insurance Company Premium paid by UniversityWaiting period - one year following employment
7. Health Account / Flexible Spending Accounts
The Medical FSA allows you to establish a pre-tax account for planned out-of-pocket medical expenses, such as deductibles, co-payments and services that insurance does not cover. The Dependent Care FSA allows you to put money aside for child and dependent care expenses such as day care and babysitting fees. Maximum limits apply.
8. Tuition Remission
- Tuition remission at Philadelphia University for employee, spouse and/or dependent children of full-time employees based upon remission schedule.
- One-half tuition remission at Philadelphia University for spouse or dependent children of part-time employees with over 5 years of service.
Full tuition remission at Philadelphia University for full-time employees only
9. Tuition Exchange
Tuition Exchange Scholarships for the benefit of employee's children are offered by Tuition Exhange, an external non-profit organization. This program works on an "import" and "export" basis and is not a guarantee. See Employee Handbook pages 41 and 42 for a detailed description of eligibility and scholarship award guidelines.
For a listing of participating colleges and universities, go to www.tuitionexchange.org
10. Long Term Care Insurance Group discounted rates available through Genworth Financial
This voluntary benefit for eligible employees and family members will offer protection in the event of a long term care situation.
11. Credit Union Available through Philadelphia Federal Credit Union
12. Computer Purchase Program
Discounts on computers and printers. Interest free and payroll deduction. Click here for more details>>
13. Travel Insurance
$350,000 death benefit for employees traveling on University business
14. Verizon Wireless Program
Employees of Philadelphia University will receive an 18% Discount on monthly Verizon Wireless service charges if you switch from another carrier to Verizon Wireless. If you are an existing Verizon Wireless customer, you can apply the 18% discount to your monthly invoice. Contact your local Verizon office for details.
Direct deposit, employee discount at University Store, discount program at Ravenhill Dining Services, library privileges, mail services, tennis courts and fitness center, campus events, check cashing at the Cashier, and I.D. card as a debit card