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For a PDF Version of the
Faculty Guide Click Here
VII. Faculty Benefits
A.
Medical Care Benefits
B.
Dental/Optical Benefits
C.
Life Insurance
D. Accidental Death &
Dismemberment
E. Long-Term Disability
F. Retirement Plans
G. Flexible Spending Account
H. College Tuition Aid for
Children
I. Worker's Compensation
H. Home Purchase Assistance for Tenured Faculty
A. Medical Care
Benefits
Oxford Health Plans
Barnard College offers a point-of-service managed care plan that combines a traditional insurance plan and a Health Maintenance Organization (HMO). Eligible faculty may choose between two benefit plans. A prescription drug plan is included with each. Coverage begins on the first of the month following one month of employment.
The following levels of coverage are available in both plans:
The cost of the coverage depends on the benefit plan and level of coverage chosen.
B.
Dental/Optical Benefits
Barnard College offers the Aetna Dental Plan, Dental Maintenance Organization. Employee cost: $13 per month for individual and $36 per month for family. The plan allows employees to switch monthly from the DMO to the PAO - Preferred Provider Organization plan.
Faculty members going on an unpaid leave of absence should contact the Manager of Benefit Programs in Human Resources to make payment arrangements for their medical and dental deductions while on leave.
C. Life Insurance
CIGNA Life Insurance
Company
The College provides coverage equal to one times basic annual salary rounded to the next higher multiple of $1,000, if not already an exact multiple. Coverage begins on the first of the month following one month of employment
D.
Accidental Death & Dismemberment
CIGNA Life
Insurance Company
This coverage provides an additional one times basic annual salary if an employee dies as the direct result of an injury. This benefit is effective on the first of the month following one month of employment.
E. Long-Term
Disability
The Hartford
Long-term disability coverage is an additional College provided benefit. Participation begins after one year of service. This waiting period will be waived upon certification of coverage under a group long-term total disability plan with a prior employer, if coverage was in effect within 30 days of the Barnard hire date. The plan provides a monthly benefit equal to 60% of salary or $5,000, whichever is the lesser amount (offset by Worker's Compensation, Social Security, other group disability and employer contributory retirement plans).
F. Retirement Plans
Barnard College contributes to either TIAA/CREF or Fidelity Investments an amount equal to 10% or 15% of the base salary of all eligible officers of instruction. Full professors receive a contribution of 15%, eligible officers below that rank receive a contribution of 10%. Participation dates vary according to eligibility determined by rank and participation at a prior institution.
In addition, faculty may elect to make tax-deferred contributions to a TIAA/CREF or Fidelity Investment Supplemental Retirement Annuity.
G. Flexible
Spending Account
CIGNA
The Barnard College Flexible Spending Account is a benefit program which can help to reduce taxes by allowing payment of unreimbursed health and/or dependent care expenses with pretax income.
H.
College Tuition Aid for Children
Full tuition for a son or daughter at Columbia University or Barnard College is available for a maximum of eight undergraduate semesters within a six-year period. [Semesters will not be prorated. Full-time faculty hired after February 15, 1990 are eligible for tuition assistance for their children after one year of employment.] If a son or daughter of a Barnard employee hired after January 1, 1984 attends another institution, Barnard will pay 25% of its own tuition, or up to 100% of the other institution's tuition, whichever is lower.
I. Worker's
Compensation
CNA
Income protection, medical and survivor benefits are provided for job-related illness or injuries. Any job-related injury or illness should be reported immediately to a supervisor, department chair or director and to Human Resources.
J. Home Purchase Assistance for Tenured Faculty
The use of the funds described below is to assist tenured faculty members in the "first-time" purchase of a primary residence. The "first-time" rule may be waived in cases where the newly recruited employee is relocating to the NY area.
1. The College will issue loans in an amount of up to $10,000, with a maximum repayment period of 6 years and with interest at or below the then current market rate. The maximum amount of the cumulative outstanding principal of all loans under this program shall not exceed $100,000.
2. The College will provide miscellaneous mortgage and home buying assistance such as the payment of some or all closing costs, points, and other associated fees, and payments to reduce the interest rate and monthly payment. The maximum amount of payment under this provision on behalf of a faculty member is $10,000.
3. The maximum amount of assistance provided under provisions 1 and 2 above, to any single faculty member, shall not exceed $15,000. Faculty may apply for a loan and/or mortgage and home buying assistance; the amounts and proportion of loan to mortgage and home buying assistance awarded are at the discretion of the Provost and Vice President for Finance and Administration.
The above is only an outline of the benefits and programs available at Barnard. More detailed information regarding these benefits is contained in the summary plan descriptions. Questions about benefits should be directed to Human Resources, Manager, Benefit Programs, Room 6 Milbank, x4-7345.
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