Office of Human Resources
Benefits
For a more detailed view of your personal benefits statement, you may log-on to Banner self services.
Benefits Summary
Additional restrictions may apply please refer to your plan summary
Accidental Death and Dismemberment
Teachers Retirement System of Alabama group Term Life Insurance
Retirement Plans
Retirement
Systems of Alabama (Mandatory)
RSA-1
Deferred Compensation (section 457)
Tax Deferred Annuities 403 (b) plans
MEDICAL return to benefits summary
UM offers a comprehensive medical insurance plan through Blue Cross/Blue Shield to all active full- time employees, their spouses and unmarried dependent children up to age 19 or 25, if a full-time student. There is no waiting period for coverage.
Benefits
- $30 co-pay per office visit.
- $300 Inpatient Hospital deduction, per admission.
- Outpatient Hospital Benefits ($100 co-pay).
- $400 Major Medical deductible per calendar year, per person (maximum of 3 deductibles per family).
Covered services
- Hospital Services.
- Expanded Psychiatric Services (Inpatient/Outpatient).
- Participating Chiropractic Services.
- Preventative Care Services, including hospital newborn & well child care, routine immunizations, routine pap smears & mammograms, prostate specific antigens.
PRESCRIPTION DRUG return to benefits summary
Prescription drugs are covered under the Point-of-Sale Plan. No benefits are available for prescriptions purchased at a Non-Participating Pharmacy in Alabama.
Generic - No deductible/No co-pay.
Brand - $400 calendar year Major Medical deductible and 20% co-pay.
UM participates in the cost of the medical plan.
DENTAL return to benefits summary
Dental insurance is through Blue Cross/Blue Shield and is provided at no cost to all employees, their spouses and dependents enrolled in the medical plan. Enrollment is in conjunction with the application for medical coverage.
Diagnostic & Preventative Services
- Dental exams, x-rays, cleaning, tooth sealant and polishing, etc.- are covered payable at 100% with no deductible.
Basic and Supplemental Services
- Fillings, simple tooth extractions, oral surgery, capping, emergency treatment, periodontic services etc. – are payable at 80% subject to the calendar year deductible of $50.00.
Prosthetic Services
- Full or partial dentures, bridges, crowns, etc. –are covered at 50% subject to the calendar year deductible of $50.00.
The maximum benefit for each covered person is $1,000 per calendar year.
LONG TERM DISABILITY return to benefits summary
Long-term disability insurance is provided to all eligible full-time employees at no cost. The plan provides insured employees with a monthly benefit equal to 60% of their covered monthly earnings, not to exceed a maximum monthly benefit of $4,500. Benefits are paid after 180 consecutive days of total disability.
Minimum Monthly Benefit - $100.00.
BASIC LIFE INSURANCE return to benefits summary
Group term life insurance is provided to all eligible full time employees at no cost. Insurance benefits equal 1(x) the base annual salary, not to exceed $50,000. Age reduction rules apply, please see policy for details.
OPTIONAL GROUP UNIVERSAL LIFE return to benefits summary
During the first 30 days of employment, eligible employees may purchase additional personal, spouse, and/or dependent life insurance. After the first 30 days of employment, the purchase of additional personal life insurance is limited and could require proof of insurability.
The employee pays 100% of the premium.
ACCIDENTAL DEATH AND DISMEMBERMENT return to benefits summary
Optional AD&D insurance plans are available to provide additional financial protection for employees and their families in the event of death, dismemberment, or total disability resulting from an accident.
The employee pays 100% of the premium.
TEACHERS
RETIREMENT SYSTEM OF ALABAMA
GROUP TERM LIFE INSURANCE
return to benefits summary
Active employees contributing to the TRS of Alabama and who have completed one year of service are covered under the systems Pre-Retirement Death Benefit (PRDB) and Term Life Insurance (TLI) plan.
Pre-Retirement Death Benefit – 1(x) annual salary plus a Term Life Insurance- $15,000.
Coverage does not require employee contributions.
VACATION return to benefits summary
Full-time (non-faculty) employees earn vacation on a pro rata basis throughout the year of employment. The rate of accrual per year varies with the individual’s length of employment at UM. During the first year, employees earn vacation time at the rate of 10 days per year, or 6.666 hours for each month worked. The rate of accrual increases by one day for each year of employment for years 1 through 11, at which time the maximum rate of 20 days per year, or 13.333 hours per month is attained. Part-time employees earn vacation on a pro rata basis.
SICK LEAVE return to benefits summary
Full-time employees earn sick leave at the rate of one day per month for each month worked.
TRS will convert accumulated sick leave to creditable months of service upon service retirement for TRS members who are public education employees.
HOLIDAYS return to benefits summary
Employees receive declared holidays provided by law or designated by the President of the University. Legal holidays include: Martin Luther King Day, Memorial Day, Independence Day, Labor Day, 2 days at Thanksgiving, and 8 days between the Fall and Spring semesters which includes Christmas Day and New Year’s Day.
BEREAVEMENT LEAVE return to benefits summary
Employees may be given up to three days leave with pay due to the death of a member of the immediate family. Bereavement and funeral absences in excess of three days will be charged to accrued sick leave. Faculty and staff should notify the supervisor or department head as soon as possible to request leave.
TUITION-FREE COURSES return to benefits summary
After 6 months of continuous full-time employment, full-time employees are eligible for a full tuition waiver on a space available basis. During the first six months of employment, full-time employees are eligible for a pro rata waiver of tuition, based on the number of months of employment.
Dependents of regular, full-time faculty and staff employees who have been employed for 12 consecutive months may take UM undergraduate or graduate courses for credit on a space-available basis without charge of tuition (dependent is defined as a spouse and other dependents claimed on federal income tax forms). Dependents are eligible for a pro rata tuition waiver, based on the number of months of the employee’s employment.
FLEXIBLE SPENDING ACCOUNTS return to benefits summary
UM provides flexible spending accounts for employees to pay eligible health care and dependent day care expenses with pre-tax dollars.
RETIREMENT PLANS return to benefits summary
Retirement Systems of Alabama (Mandatory) return to benefits summary
Participation in the Retirement System is mandatory for persons employed in a non-temporary capacity on at least a one-half time basis in a position eligible for coverage. The member’s contribution rate is 5% of earnable compensation.
Specifics of the plan
- Mandatory participation.
- Employee contribution equaling 5% of salary.
- Employer contributions (as defined by RSA).
- Vested after 10 years.
- Military service / out-of-state repurchase option.
Social Security (Mandatory) return to benefits summary
When you retire, Social Security can provide a monthly benefit to you. Your Social Security benefit is based on your earnings and is intended to replace 20% to 40% of your final year’s pay at retirement. You and the University share the cost of Social Security taxes.
For an estimate of your Social Security benefits at retirement, contact the Social Security Administration.
RSA-1 Deferred Compensation (section 457) return to benefits summary
Managed by TRS, RSA-1 allows employees to defer receipt of a portion of their salary until some later determined date, usually until retirement or other termination of employment.
Specifics of the plan
- Voluntary participation.
- Contributions are Tax Deferred.
- Catch-Up period designation.
Tax Deferred Annuities 403 (b) plans return to benefits summary
University personnel have a means of deferring federal and state income tax that is unique to colleges and universities. Under Section 403(b) of the Internal Revenue Code, The University of Montevallo offers two tax deferred annuity options through VALIC and TIAA-CREF.
Specifics of the Plan
- Contributions up to 20% of eligible pay with a maximum of contribution determined by the IRS.
- May increase or decrease contribution amount at any time.
- Earnings are tax free until withdrawal.
The University of Montevallo does not contribute to the plan.
OTHER PERSONAL BENEFITS return to benefits summary
Athletic Events Employees may attend all campus athletic events free of charge upon presentation of a UM identification card.
Bookstore Discounts Employees are eligible for a 20% discount on all items at the Bookstore, except textbooks, paperbacks books, and film processing.
Cafeteria Food service is available to all UM employees, as are meal tickets offering considerable savings below cash prices.
Concert and Lecture Series Employees are encouraged to take advantage of the annual Concert and Lecture Series, which along with other plays and concerts provided for free or for a nominal charge, afford the employees unusually broad cultural opportunities.
Golf Course Access Membership in an 18-hole golf course is available to employees. Casual play for modest fees is also available, as are golf cart and pull cart rentals.
Health Screenings Employees are normally offered a health screening each year consisting of blood work, blood pressure and other services. A nominal fee is assessed for some tests.
Library Employees, spouses and dependents have library borrowing privileges from the campus library.
Military Service Employees serving in voluntary military units are allowed up to 21 days of leave-with-pay to attend required training.