|
Terms:
Appointed
Professional
Support/Service
Hourly
|
|
New Employees Part-time
Employees Retirement | Paid Time
Off
Benefits for Part-time (50 to 99 percent FTE) Appointed
Staff, Academic, and Hourly* Employees
* Hourly positions designated as “Hourly with PERF”
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.
| Retirement |
| Plan |
Enrollment |
Funding |
Start Date |
Comments |
Base Retirement
Academic and Professional Staff positions: IU
Retirement Plan
Support and Service Staff and Hourly positions: 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
|
| |
Employee elected
|
Employee funded through pre-tax payroll contributions.
|
First paycheck after processing enrollment form
|
Employee must designate account beneficiaries
|
| Paid Time Off |
Plan |
Enrollment |
Funding |
Start Date |
Comments |
| |
Automatic
|
IU paid
|
Date of Hire
|
Vacation and holidays prorated by FYE (50-99%)
Sick time prorated by FTE (75-99%)
|
| |
Automatic
|
IU paid
|
Date of Hire
|
PTO and holidays prorated by FTE (50-99%)
|
| Hourly Staff |
|
|
|
no paid time off
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