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| Issued
: 02/95
Classification Code : Policy 03-21 |
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POLICY The University recognizes that benefits are an important component to the successful employment and retention of faculty and staff. Additionally, benefits provide important security and opportunities for faculty, staff and their families. Accordingly, it is the policy of the University to provide a comprehensive program of benefits associated with employment which includes both those benefit programs that are legally required and benefit programs that are not legally required but which are intrinsic to employment. At a minimum, as long as they are legally allowable and are available to the University, the following benefit programs will be provided: Social Security, Medicare, Worker's Compensation, State Unemployment Insurance, Missouri State Employees Retirement System (MOSERS) or College & University Retirement Plan (CURP), Group Health Insurance, Life Insurance, Long Term Disability Insurance (LTD), Voluntary Tax Deferred Annuity Programs, Section 457 Deferred Income Program, Enrollment in University Credit Courses, Technical Training and Continuing Education, Credit Union memberships, U.S. Savings Bond Program, Medical Reimbursement Program, and Dependent Care Assistance Program. The Vice President for Business and Finance is responsible for issuing operating procedures to implement and maintain this policy. Additionally, the Vice President for Business and Finance is responsible for determining the scope of these benefits and for adding other benefits as may be appropriate from time to time. |
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