USC Faculty Benefits Comparison Chart FEEC 2016

Transcription

1 USC Benefits Comparison Chart Health Income Saving Tuition USC Retire > or = 65 years: Retired may purchase Medic supplemental plan, USC Senior C. Advantages include: 1) may opt in or out of USC Senior C at any time based on retired preference at that time; 2) rates flat, unlike many other supplemental plans in which rates rise with age; 3) includes dental vision c. Retire < 65 years: Retired independently identify their preferred health insurance product but, at age 65 years, eligible to purchase USC Senior C as a Medic supplement. Contributions: USC contributes 5% at a four-year graded vesting schedule. USC matches employee pretax or Roth contributions up to 5% of eligible earnings. Employee Contributions: 0-5% of eligible earnings. 100% USC tuition remission either undergraduate, graduate or progressive degrees. Benefit begins at employment expires when dependent reaches age 35; non- USC degrees, Tuition Exchange Program allows four years of under graduate free with participating institutions (600+) reciprocal exchange. If 15 years of service, retired get tuition assistance (dependent must be < 35 years old). Retirees also qualify tuition exchange program. Undergraduate benefit at USC is not taxed, graduate degree education is taxed. is allowed in the Hbook up to 2 years. Full-time (tenured or RTPC) who have submitted their shall be entitled to receive a transitional parttime leave, with halftime (or greater) duties at proportionate compensation, up to 2 years (or such longer period as the Provost decides). Yes. Less than 50% time allowed, so return to service not benefits eligible. Yes. Seminars written materials. Yes. Must have Gold Card from Center. Yes. Everyone gets it as a privilege (not a benefit), theree, it can be taken away. Yes, if a member 5 years in a row pre. Bookstore discount with Gold Card from the Center. In-person access to the libraries only, not online retirees who not emeriti. recalled to service have online library access. Retired assoc. rep on Acad. Senate.

2 USC Benefits Comparison Chart Health Income Saving Tuition UCLA UC offers multiple subsidized health plan options. The lifetime monthly benefit, called Basic Income (BRI) is a percentage of average salary or HAPC. The percentage is based on service credit age at. For example, if retire at age 65 (age factor of.0250) with 20 years of service credit, the benefit percentage is 50 percent (.0250 x 20). The BRI would be 50 percent of your HAPC. None Yes. Minimum of 5 years of service; phased retiree works at 60% eft. "Pathways to Plan" which allows to plan up to two years. Yes, up to one year. May get chancellor approval more than one year. Primarily through the vendors. with five years of service may buy a reduced rate parking pass $150 per year. accounts maintained, including department accounts. May keep a paid membership at a lower rate.

3 USC Benefits Comparison Chart Health Income Saving Tuition Tufts CMU subsidized retiree health plans offered if 65 years or older. If younger than 65 years, may continue mer plan. Coverage through COBRA, years. Subsidized rates after 65 years, depending on years of service. 401(a) Basic plan: Age gets 5% of salary under Social Security wage base, or 10% of salary over Social Security wage base. Age 40+ get 10% of salary under Social Security wage base, 15% of salary over Social Security wage base. Also has an optional 403(b). Matches employee contribution up to 8% of salary. Not sure about in, but tuition benefits exclusive to Tufts a 4 year undergraduate degree per child. 100% reimbursement CMU tuition; $6,820 other institutions. Unlimited number of dependents CMU tuition; limited to two other institutions. Not offered. Available to > 61 years old with 10 or more years employment; up to four years at 50%. Mentoring teaching opportunities may be available on a parttime basis via the Experimental College. service is available; benefits will reflect the applicable contract the service. Provided by vendors. Does not seem to be extensive. The university will provide inmation to assist in planning. A person will be designated in HR to support. retirees the Medd -Somerville campus, but not the Boston campus. 50 free days of parking retirees. May buy added day passes may at half price. is maintained. maintain electronic privileges access to libraries. invited to be, or cont. being members, of the university club. invited to attend Acad. Senate meetings as nonvoting members. have elec. library privilege. Reasonable office space should be available to emeriti who need it. This shd space.

4 USC Benefits Comparison Chart Health Income Saving Tuition Princeton Retirees 55 years older with at least 10 years of service may be eligible health benefits. Unclear if subsidized. Contributes 9.3%- 12% of salary. Does not match employee contribution With five years of benefits eligible service, may receive up to 50% of child's college tuition up to $16,160. A child not receiving these benefits at time of, will not be eligible. Two three year phased options at 50%. Retired recalled to service as senior scholars or lecturers. Website support. No charge retiree parking. retain university computing privileges through their lifetime. Membe rship to Prospe ct House continu es just as when on. assigned office space as available as needed, though they have lower priority than active.

5 USC Benefits Comparison Chart Health Income Saving Tuition Harvard Stand plan options available, unclear if subsidized. subsidized plans available. "Harvard fullyfunded" plans those over half-time. For participants under age 40: 5% of compensation up to the Social Security tax base ($118,500 in 2016), plus 10% of compensation over that tax base. For participants age 40 over: 10% of compensation up to the Social Security tax base, plus 15% of compensation over that tax base. Also have a Tax- Deferred Annuity Plan 403(b) option. Matches employee contribution up to 5% of salary. None to dependents; tuition benefits reserved active staff, retirees. Tuition Grant Program: the cost of tuition, less any applicable grants or scholarships or up to 50% of Stand's tuition ($23,685) eligible dependent children. Limited to undergraduate. Recent five year program, offering 1, 2 four years of phased closed. Was well received. Incentive Program: age years old may have two years; age years old may have one year. (2010) Professors welcome to teach one halfcourse per year after to complete graduate student advising. recalled to service a one year period in either a full-time or parttime basis. Pre training programs offered several times per year. Workshops support via HR. No appnt discount. Free. "A" sticker is available to retirees at no cost. professors maintain accounts network access. online services maintained along with dial-in services, file services sitelicensed softw. Membership available. No discount noted. membership is at a 50% discount. allowed office space, but it is defined by the department based on availability.

6 USC Benefits Comparison Chart Health Income Saving Tuition Columbia plans available. Uncertain if subsidized. plans based on years of service age. College Tuition Scholarships pays the lesser of 50% of the external institution's tuition or 50% of the current year's Columbia tuition ($25,263) An incentive plan over five years offers a phased option qualified tenured. allowed to teach in their departments post HR offers a series of workshops throughout the year. privileges allowed. They have a tiered parking system your access remains the same as pre is maintained.