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College of Saint Benedict and Saint John’s University - Minnesota Lake, Minnesota, United States, 56068![College of Saint Benedict and Saint John’s University](/api/image?src=https%3A%2F%2Fgeneral-board-default.s3.us-east-2.amazonaws.com%2Fpublic%2Fimages%2Fdesk-360x180.webp&w=640&q=75&f=webp)
Work at College of Saint Benedict and Saint John’s University
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Overview
Order of Saint Benedict (conducting Saint John's Abbey, Saint John's Preparatory School and Liturgical Press) provides a comprehensive fringe benefit program. This brochure provides a summary of the benefits offered to employees. HEALTH INSURANCE Employees are eligible for coverage in the health insurance plan on the first of the month following their date of hire. If you elect medical coverage for yourself, you may also choose to cover your eligible dependents. Both the employee and the Order share in the cost for this benefit. The plan also uses a Preferred Provider Organization Network; you receive discounts when utilizing health care providers in the network. Care received outside of the network is covered, but at a higher cost to the employee and the institution. DENTAL INSURANCE Employees are eligible for coverage in the dental insurance plan on the first of the month following their date of hire. If you elect dental coverage for yourself, you may also choose to cover your eligible dependents. Both the employee and the Order share in the cost for this benefit. The plan also uses a Preferred Provider Organization Network; you receive discounts when utilizing providers in the network. Care received outside of the network is covered, but at a higher cost to the employee and the institution. VISION PLAN This voluntary plan offers affordable vision coverage for routine eye exams, eyeglass lenses and frames, and contact lenses. Discounts on hearing exams and hearing aids are also included. LIFE INSURANCE The Order provides a Basic Life and Accidental Death and Dismemberment (AD&D) policy to employees. This insurance becomes effective on the first of the month following date of hire. The amount of term insurance provided is based on your annual salary as follows:
Salary Life Insurance
$0- $20,000 $50,000
$20,001 - $37,500 $75,000
$37,501 - $50,000 $90,000
$50,001 - $66,666 $100,000 $66,667+ 1.5x salary up to a
maximum benefit of $400,000 You may also purchase additional life insurance in increments of one, two, three, or four times your annual salary. There is also a dependent life insurance package available. Employer provided life insurance in excess of $50,000 is subject to imputed tax (a tax on the value of the premium). VACATION Employees receive paid vacation time. Vacation time is accrued per pay period based on FTE, and is accrued from date of hire. Vacation is cumulative from year to year to a maximum of 240 hours. Employees working 100% time receive the following:
Vacation days per year Years employed
16 days 0-10 years
20 days 11+ years HOLIDAY PAY Employees receive paid holidays. The Order recognizes ten official holidays during the calendar year. Leased employees may receive additional holidays. SICK LEAVE Full-time employees earn up to 9 days of sick leave per year pro-rated based on FTE. Sick leave is cumulative from year to year to a maximum of 720 hours (90 days). Employees may use up to 160 hours per fiscal year of accumulated personal sick leave to care for ill family members not living in the employee's household. LONG-TERM DISABILITY After one year of benefit eligible employment, the Order provides coverage in the event of an illness or injury which prevents you from working. This plan provides a benefit which equals 60% of your basic monthly earnings to a maximum monthly benefit of $15,000. This benefit will be payable for the benefit duration, provided the employee is unable to perform the usual and customary duties of his/her occupation. For specific details, please refer to plan booklet. FLEXIBLE SPENDING ACCOUNTS / HEALTH SAVINGS ACCOUNTS These plans allow employees to set asisde a portion of their salary on a pre-tax basis to pay for IRS approved expenses. TUITION ASSISTANCE - PREP SCHOOL The tuition assistance plan is an educational grant provided by the Order to a qualified son or daughter of a full time employee toward meeting the tuition costs at Saint John's Preparatory School. The dependent must meet the eligibility criteria in order to receive this benefit. Leased employees are not eligible for this benefit. TUITION REMISSION - EMPLOYEE Tuition remission is an educational benefit provided by the Order to full-time employees. A full-time empoyee and spouse (if applicable) are eligible for tution free education benefits the first full semester after six months of employment. The payment of special fees is the responsibility of the employee. Full-time employees may enroll for one undergraduate course per term, which includes summer; up to a maximum of 2 courses per year. Leased employees are not eligible for this benefit. PARENTAL LEAVE A three week (15 days) paid leave will be granted to eligible employees due to the birth or adoption of a child, pro-rated based on FTE. New employees are eligible for this benefit after twelve months of employment. EMPLOYEE ASSISTANCE PROGRAM The Employee Assistance Program (Vital Work Life) is currently a free counseling resource available to all employees and immediate family members. EAP counselors can help you identify problems and concerns regarding family, marriage, emotions, alcohol or drugs, financial difficulties, legal issues and job stress. All contacts between you, your family, and the EAP are provided as a benefit from the Order and are kept strictly confidential. RETIREMENT PROGRAM The Order provides two 403(b) retirement plans: A Defined Contribution Plan and a Supplemental Tax Deferred Annuity Plan. These plans are administered by Teachers Insurance and Annuity Association (TIAA). Enrollment in the retirement plan will be effective the first day of the month following date of hire, unless the employee elects to opt-out. Employee OSB Year Contribution Contribution 1 3% 1% 2 3% 3% 3 3% 5% 4 3% 7% 5 3% 9% Supplemental Tax Deferred Annuity Plan Full-time and part-time benefit eligible employees may voluntarily elect to contribute to the Supplemental Tax Deferred Annuity Plan. A Roth option is also available. AFLAC SUPPLEMENTAL INSURANCE This voluntary plan offers an additional level of financial protection for you and your family in the event of a serious accident or illness. * Benefits subject to change annually Revised July 2024