| Benefit | Funding | Eligibility | Summary |
|---|---|---|---|
| Health Insurance | |||
| Health Insurance | K-State and the employee share the cost. | First day of month following 60 days of employment. Application must be submitted within the first 30 days of employment. Required documentation must accompany application. | Employee selects from a variety of medical plans, including dependent coverage. |
| Flexible Spending | |||
| Flexible Spending Accounts (KanElect) | Employee | First day of month following 60 days of employment. Application must be submitted within the first 30 days of employment. | Flexible Spending Accounts (FSA) available for unreimbursed medical and dental expenses and for dependent (child) care expenses. |
| Retirement Plan (Mandatory) | |||
| Retirement Plan (Mandatory) | Employee contributes 5.5% of gross salary; University contributes 8.5% | Mandatory participation | Regents Basic Retirement Plan providers are ING Financial Advisers and TIAA-CREF. Employees choose a retirement company at the time of eligibility. Retirement benefit based on total accumulation and age. Early retirement available at age 55 with at least 10 years of service credit. Employee contribution is tax deferred for federal and state income taxes. Waiting period may be waived if (1) employee participated in a mandatory retirement program at an institution of higher education located in the United States for a minimum of 365 consecutive days within the past 5 years or (2) employee is an active member in any other State of Kansas retirement plan (ie, KPERS, KP&F). |
| Voluntary Retirement Savings Plans | |||
| Voluntary 403(b) | Employee | Upon Employment | Employees may contribute to a voluntary retirement plan to the maximum limit allowed by the Internal Revenue Code. Pre-tax funds are withheld and deposited by K-State into an account of the employee’s choice with an approved retirement plan provider. |
| Deferred Compensation (457 Plan) | Employee | Upon Employment | State of Kansas Deferred Compensation Plan with ING Financial Advisers as the Plan Administrator. Employees may tax defer voluntary retirement contributions up to the maximum allowed by federal law. |
| Leave | |||
| Vacation Leave | K-State | Accrues upon employment. Leave is credited and available for use the first day of the next pay period. | Vacation Leave Earned per Pay Period: 8 hours. Leave is adjusted and prorated based upon the number of hours worked within a pay period, FTE, and exemption status. Maximum Accumulation at the beginning of any pay period is limited to 304 hours (38 working days). Maximum payment for accrued leave is 176 hours at resignation and 240 hours at retirement. |
| Sick Leave | K-State | Accrues upon employment. Leave is credited and available for use the first day of the next pay period. | Full-time employees earn 3.7 hours per pay period. Leave is adjusted and prorated based upon the number of hours worked within a pay period. Sick leave may be used for employee’s personal illness or for qualified medical care. Under defined circumstances, sick leave may be used for illness or qualified medical care of family members. |
| Holidays | K-State | Upon employment | New Year’s Day, Martin Luther King Day, Memorial Day, Independence Day, Labor Day, Veterans’ Day, Thanksgiving Day, Christmas Day, and other days as designated by the Governor. |
| Military Leave | K-State | Upon employment | Military Leave programs vary according to military orders. |
| Funeral
Leave | K-State | Upon employment | May be granted leave with pay for a maximum of 6 working days, depending on circumstances, to make arrangements for and to attend the funeral of an immediate family member. |
| Life Insurance | |||
| Group Term Life | K-State | Upon employment | Death benefit is 150% of the employee’s annual rate of compensation. |
| Accidental Death Benefit | K-State | Upon employment | The employment-connected accidental death benefit is provided to any benefits-eligible employee who, at the time of death, is actively participating in the Kansas Public Employees Retirement System (KPERS) retirement plan or the KPERS waiting period. Benefit includes a lump-sum amount of $50,000 and one-half of the employee's final average salary. |
| KPERS Optional | Employee | Upon employment | $5,000 to $250,000 coverage available. Guarantee issue of $50,000 if purchased within 30 days of initial hire. |
| Teachers and Employees Association (TEA) Optional | Employee | Upon employment | $10,000 to $250,000 with a maximum of 5 times annual salary coverage available. Guarantee issue of $50,000 if purchased within 30 days of initial hire. Dependent coverage and will preparation are also available. |
| Workers' Compensation | |||
| Workers' Compensation | K-State | Upon employment (Reports must be submitted within 3 days of occurrence) | Employees are covered at any location at which they are working for K-State. |
| Long-Term Disability | |||
| Long-Term Disability | K-State | Upon employment | Benefits start after 180 days of continuous and total disability and are paid monthly. Disability benefit is 60% of employee's annual rate of compensation on the date the employee was last at work to a maximum of $5,000 per month. |
| Tuition Assistance | |||
| Tuition Assistance | K-State | Upon full-time employment | K-State will pay tuition for one (1) undergraduate- or graduate-level academic credit course with a maximum of three (3) credit hours, during each semester and intersession at a Kansas public university or college. |
| Learning Quest (529 Education Savings Program) | |||
| Education Savings Program | Employee | Upon employment | The State of Kansas Learning Quest Education Savings Program offers the advantages of tax-deffered earnings growth and reduced taxes on withdrawals. Contributions are made on an after-tax basis. |
| U.S. Savings Bonds | |||
| U.S. Savings Bonds | Employee | Upon employment | Series EE bonds may be purchased through payroll deduction. |
| Employee Assistance Program (LifeLine) | |||
| Employee Assistance Program | Varies according to service | Upon employment | A service designed to help employees and family members with life events. A wellness component is also included. |
This is a summary only; specific questions should be referred to your department head or Division of Human Resources, (785) 532-6277.