Medical Insurance Plan
Hendrix
College offers a medical insurance plan
and bears a substantial
cost of this plan
for
all full-time employees and eligible dependents. Coverage is effective immediately from
the
first day of employment.
Information detailing
the specific provisions of
the current
coverage
may
be obtained from the Human
Resources Department.
Group life insurance
The College pays for the full
cost
of a term life insurance policy with
a face
value
equal to the current base
salary rounded to the next thousand for each
full-time employee.
Section 125 Cafeteria Plan
All full-time employees are eligible to
participate in
a plan
that allows them to
withhold up to $2,550
per
year for unreimbursed
medical expenses for themselves and their eligible dependents,
and up to $5,000 per year for dependent/child
care expenses on a pre-tax
basis. This plan
reduces the employee’s federal,
state and
FICA withholdings, thereby increasing the
employee’s net pay. In
addition,
each employee may purchase voluntary
insurances under the
cafeteria plan. Currently, Hendrix offers dental,
term
life and cancer
insurances. Also available on
a voluntary “after-tax” basis are long-term disability, short-term
disability,
whole life and long-term care plans.
Salary payment
Salaried
employees are paid once a month on the
next to last
regular workday of
the month through direct deposit.
Social Security and
Medicare
All employees of the College are covered by the Social
Security program.
Workers Compensation
In accordance with the governing state law,
Hendrix College provides income benefits and
reimbursement of medical
care and
rehabilitation
services due to job-related
injury or illnesses.
Identification Card
and Dining Dollars
Each employee is isued a photo identification card. Faculty members receive $200 credit per semester to their card for use in the college's dining facilities. Online management (adding funds, checking balances, etc.) of your account may be done at this site: http://www.hendrix.edu/onecard/default.htm# . The identification card
is also
used at
Bailey Library to check out books.