Payroll and Employee Benifits

Accidental Death and Dismemberment

  • AD&D coverage amount is the same as the life insurance coverage amount. Life insurance coverage is calculated by taking the employees ‘base pay' x 103% x 2 and rounding to the nearest thousand. The maximum coverage amount is $125,000.
  • Employee's share of premiums is $0.004 per thousand dollars of coverage.

Deductions

  • Bi-Weekly Staff/Service Employees have 50% of their monthly premium deducted from the first and second checks of the month.
  • Bi-Weekly Service 10-month Employees have their premium deducted from the first and second checks of the month for each of their regular (not including summer) pay periods (September through May).
  • Exempt/Faculty/Professional Fiscal Year Employees have one monthly premium deducted from each monthly check.
  • Tenured and Contract Faculty/Professional Academic Year Employees have their premium deducted from each of the academic year payments (August through May), or 1/10th of the annual premium cost being deducted from each pay check.