Summary

2008 Benefit Summary

Blue Cross / Blue Shield of North Carolina Heath Insurance: Two plans are available; the Standard and the Buy-up. Meredith covers a portion of the cost toward any plan option for employees who work a minimum of 30 hours per week, with the Standard / employee only opton paid at 100%. Employees who work the equivalent of 20 to 29 hours per week may participate in the plan but the College does not contribute toward the premium.

The Standard Life Insurance: Provided for all full-time and part time (1,000+ hours) employees at 1 ½ the annual salary; premiums are paid in full by Meredith.

Retirement: After one year of full-time employment or with verification of past participation, full-time administrative faculty and faculty members receive a 7 ½% contribution toward a 403(b) plan. The employee must also contribute a minimum of 5%. Also after one year of full-time employment, non-administrative, non-faculty employees receive a 7 ½% contribution toward a 401(a) plan and are not required to make a contribution. Plans are 100% vested from day one. Employees have the choice of TIAA-CREF or AIG-VALIC.

Supplemental Retirement: Full-time and part-time (1,000+ hours) may elect to contribute to supplemental retirement plans through either TIAA-CREF or VALIC up to the limit allowed by federal law. Plans are 100% vested and may be modified as necessary.

Long-term Disability: After one year of full-time employment or with verification of past participation, full-time employees are eligible to enroll in the long-term disability plan through The Standard. The rate for this coverage is determined by salary. The premium is split 50/50 between Meredith College and the employee. LTD benefits include a continuation of salary (60%) and continued contributions toward retirement plan.

Short-term Disability Maternity: Full-time employees who give birth are eligible for up to six weeks paid time off. (Up to 12 weeks total time off may be requested under FMLA.)

Blue Cross / Blue Shield of North Carolina Dental Insurance: Available to any regular employee who works 1,000 or more hours per year.

Superior Vision Insurance: Available to any regular employee who works 1,000 or more hours per year.

Tuition Remission: After three months of full-time employment, full-time employees may request to take up to six hours of courses on campus, free of charge (fees other than tuition may apply). Dependents of the employee may take classes without tuition charges beginning from date of employment.

Tuition Exchange Programs: Additional tuition opportunities may be available for dependents of full-time Meredith employees through two programs; the Tuition Exchange Program and CIC-TEP. A limited number of tuition waivers are granted each year to allow full time employees and their dependents who are admitted to participating colleges and universities.

Section 125 Flexible Benefits Plan: Full and part time (1000+ hours) employees may elect to tax-shelter a portion of their salary each pay period for reimbursement for childcare or medical expenses.

Direct Deposit: We offer the convenience of payroll direct deposit. Employees may use any banking facility.

Vacation Leave: Full-time staff and administrative positions earn 96 hours (12 days) of vacation leave beginning with their date of employment (prorated in the first calendar year of hire) and the amount is then increased by one day every other calendar year. For example, 104 hours will be available for use in year three and four, 112 hours will be available in years five and six, 120 hours in years seven and eight, etc. The maximum vacation that can be earned in a calendar year is 160 hours (20 days). Full-time employees may carry over a total of 40 hours of accrued but unused vacation leave to the following calendar year. Part-time employees (working 1000+ hours) earn and may carry forward leave amounts on a prorated basis.

Sick Leave: Full-time staff and administrative positions will earn 96 hours (12 days) of sick leave per calendar year. Any accrued and unused sick time will be carried forward (up to 404 hours) for a maximum balance of 500 hours. Faculty may request up to 90 days of leave due to an illness or injury.

Paid Holidays: The College offers an average of 15 paid holidays per year, including a week or more off for Christmas.

Reduced Summer Schedules: Most departments on campus also offer reduced summer schedules with offices closing at noon on Fridays. This is approved on an annual basis.

Carroll Health Center: Services available for employees; office visits for $20. Available to any employee.

Working on Wellness - WOW!: Employee health programs, exercise classes and much more.

Use of Campus Facilities: Free use of swimming pool, tennis courts and exercise facilities during specified hours.

Credit Union Membership: All employees have the option of joining the credit union and taking advantage of services provided for members.

Book Store Discount: The campus bookstore offers a 10% discount on merchandise for all employees.

UPASS Program: Employees and students can ride CAT buses fare-free by showing their CamCard.

Free Emergency Ride Home: Want to take the bus to work? Vanpool, carpool, walk or bike? Afraid to give it a try because you might need your vehicle for an emergency? Sign up for free emergency transportation through Triangle Transit Authority.

Travel Abroad Program Discounts: Special offers are made available to employees who would like to participate in one of the many travel abroad programs offered each year (participation in some programs may be limited).

Beautiful Campus Work Environment: Meredith College is located on 225 beautiful acres, in the heart of Raleigh, NC. The campus is unique and offers many beautiful views and easy access to the greenway.

Traditions: Meredith College was established in 1891 and has many traditions. We are a small campus with a rich heritage.