CORNERSTONE UNIVERSITY

SUMMARY OF BENEFITS

                                                   Eligibility - Full Time

 

                     

                               BENEFIT                           FACULTY           SALARIED STAFF    HOURLY STAFF

Medical/Dental/Vision Insurance

 

 

 

 

 

Full Family Coverage, premiums vary with option selected.

 

 

 

 

 

Full Family Coverage, premiums vary with option selected.

 

 

 

 

 

Full Family Coverage, premiums vary with option selected.

 

 

 

 

 

Flex Spending Accounts Medical Reimbursement and Dependent Care Reimbursement

Yes

Yes

Yes

Life Insurance

 

 

 

 

 

 

 

 

 

 

 

$50,000

$50,000

$50,000

L/T Disability Insurance

 

 

 

 

 

 

 

 

 

 

 

 

60% of salary after 90 days of disability; coverage effective at beginning of employment

 

 

 

 

 

60% of salary after 90 days of disability; coverage effective at beginning of employment

60% of salary after 90 days of disability; coverage effective at beginning of employment

FICA – The institution matches all dollars deducted for FICA taxes and the total is deposited in employee’s SS account

Yes

Yes

Yes

Retirement (403B TSA)

Choices of investments are with TIAA/CREF and VALIC

 

 

 

 

 

10% salary contribution funded by Cornerstone: mandatory after one year of employment; SRA’s also available

 

 

 

 

 

10% salary contribution funded by Cornerstone: mandatory after one year of employment; SRA’s also available

10% salary contribution funded by Cornerstone: mandatory after one year of employment; SRA’s also available

Educational Benefits

Benefit only applies to classes taken at Cornerstone University or GR Theological  Seminary

 

 

 

 

 

 Employee:   100% remission in all CU programs after 1 year of employment

 

 

Spouse:  50% remission in all CU programs after 1 year of employment

 

 

Dependents: 100% remission for tuition , technology fee, and registration fee after 1 year of employment 

 

 Employee:   100% remission in all CU programs after 1 year of employment

 

 

Spouse:  50% remission in all CU programs after 1 year of employment

 

 

Dependents: 100% remission for tuition , technology fee, and registration fee after 1 year of employment 

 

 

 

 

 

 Employee:   100% remission in all CU programs after 1 year of employment

 

 

Spouse:  50% remission in all CU programs after 1 year of employment

 

 

Dependents: 100% remission for tuition , technology fee, and registration fee after 1 year of employment

  

 

 

 

Vacation Days

N/A

10 days the 1st & 2nd year

15 days the 3rd thru 5th year

20 days after the 5th year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10 days the 1st year

15 days the 4th year

20 days the 10th year

 

 

 

 

 

 

 

 

 

 

Sick Days

9 days per year

Accumulate up to 65

 

 

 

 

 

10 days per year

Accumulate up to 65

 

 

 

 

 

 

 

 

 

 

10 days per year

Accumulate up to 65

 

 

 

 

Personal Days

N/A

N/A

2 days per year

Lunch Plan in Cafeteria

Yes

Yes

Yes

Moving Allowance

Yes

Upper Management Only

No

Free Admission to Athletic Events

Yes

Yes

Yes

University Bookstore 20% Discount

 

 

 

 

Yes

Yes

Yes

Employee Development

Includes seminars, conferences, and graduate degree completion.  This is not an employee benefit or right, but a professional development activity.

 

 

 

 

 

There is a fixed dollar limit per year per faculty member

Covered in full for seminars and conferences: continuing education may be covered in full if job related and under discretion of the Vice President of the respective division.

Covered in full for seminars and conferences: continuing education may be covered in full if job related and under discretion of the Vice President of the respective division.