This summary describes benefits in an abbreviated format and is not intended
to be a full description of the benefits. A complete description is available
in the associated plan booklets and university policies.
| 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 |
| Life
Insurance – Basic |
Automatic |
IU paid |
Date of hire* |
Employee must designate beneficiaries |
| Life
Insurance –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. |
| Health Care 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 (PTO),
sick bank, holidays
(9 per year)Academic - See academic policies |
Automatic |
IU paid |
Date of hire |
PTO accrues each month based on years of IU service;
use to cover all time away.**
Annually unused PTO can be put into Sick Bank for
use to cover personal and family illnesses and medical appointments.**
|
| Retirement |
| Plan |
Enrollment |
Funding |
Start Date |
Comments |
| IU
Retirement Plan – base plan |
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 |
| IU Retirement Savings
Plan – supplemental |
Employee elected |
Employee funded through pre-tax payroll contributions |
First paycheck after processing enrollment form |
Employee must designate account beneficiaries |
| IU Tax Deferred Annuity – supplemental |
Effective 7/1/08, automatic enrollment with opt-out rights |
Employee funded through pre-tax payroll contributions |
First paycheck after processing enrollment form |
Employee must designate account beneficiaries |
| Tax
Savings |
| 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. |
| IU Tobacco-free Wellness Program |
| Plan |
Enrollment |
Funding |
Start Date |
Comments |
Wellness HRA Plan
Health care reimbursement |
Employee elected |
IU paid |
January 1 following Open Enrollment |
Employees may enroll only during Open Enrollment (November) for an effective date of the following January 1. |
| Tobacco Cessation Plan |
Employee elected |
IU paid |
Date of hire |
Benefit available to employees and their family members age 18 and older. |
