| Benefit | Change from full-time to part-time (at least 20 hours but less than 37.5) | Change from part-time to full-time (from at least 20 hours but less than 37.5 to 37.5 or 40) |
|---|
| Medical |
- Premiums change to part-time rates
- Spousal surcharge no longer applies
- May change or cancel coverage within 31 days of change in standard hours
- Part-time service recognized for determining retiree medical eligibility
| - Premiums change to full-time rates based on new base pay
- If base pay is $50,000 or more, spousal surcharge rules apply
- May change or cancel coverage within 31 days of change in standard hours
|
| Dental |
- Premiums change to part-time rates
- May change or cancel coverage within 31 days of change in standard hours
- Part-time service recognized for determining retiree dental eligibility
| - Premiums change to full-time rates based on new base pay
- May change or cancel coverage within 31 days of change in standard hours
|
| Vision |
- No change to premiums
- No change to coverage
- Part-time service recognized for determining retiree vision eligibility
| - No change to premiums
- No change to coverage
|
| Life & AD&D |
- Benefit coverage and contributions calculated on reduced base pay
- May change or cancel coverage at any time
| - Benefit coverage and contributions calculated on new base pay
- May change or cancel optional coverage at any time
|
| Health Care and Dependent Care Flexible Spending Accounts (FSAs) |
May change contribution amount within 31 days of change in standard hours
| - May change contribution amount within 31 days of change in standard hours
|
| Health Savings Account (HSA) | May change contribution amount at any time | - May change contribution amount at any time
|
| Retirement Medical Savings Account (RMSA) | May change contribution amount at any time | - May change contribution amount
- Cannot access funds until terminate employment
|
| Short-Term Medical Disability (Staff Only) | Benefit coverage amount calculated on reduced base pay | Benefit coverage amount calculated on reduced base pay |
| Long-Term Disability |
- Benefit coverage amount calculated on reduced base pay
- If enrolled in LTD supplemental option and base pay falls below $160,000, supplemental coverage ends
- If enrolled in LTD buy-up or supplemental options, contributions also calculated on reduced base pay
| - Benefit coverage amount calculated on new base pay
- If new base pay is $160,000 or more, eligible to enroll in LTD supplemental option within 30 days; if enroll after 30 days, will need to provide evidence of insurability
|
| Caregiver/Parental Leave | Not eligible | Eligible |
| 403(b) Retirement Savings Plan | Employee and university contributions are calculated based on reduced base pay | Employee and university contributions are calculated based on new base pay |
| 457(b) Deferred Compensation Plan |
- Remain eligible to contribute as long as earning above the Social Security Wage Base
- If earning below the Social Security Wage Base, contributions stop
| - If meet eligibility requirements, will receive notification from TIAA regarding enrollment
|
| Dependent Tuition |
- If semester has begun, will retain the full-time benefit for the remainder of the semester.
- For future semesters, eligible for part-time benefit if service requirement met
- If meet rule of 65 and have completed at least seven consecutive full-time years of service (or the equivalent number of part-time years of service) prior to date of transfer to part-time status, remain eligible for full-time benefit
| - If semester has begun, will retain the part-time benefit for the remainder of the semester.
- For future semesters, eligible for full-time benefit if service requirement met
|
| Employee/Spouse Tuition |
- If semester has begun, will retain the benefit for the remainder of the semester
- Not eligible for classes beginning after move to part-time status
| - Eligible after completing applicable service requirement as a full-time employee
|
| Vacation (Staff Only) |
- Accrued vacation balance remains intact and available for use
- Additional vacation hours will accrue on a pro-rated balance once vacation balance falls below the part-time annual and/or overall accrual maximum
|
- Accrued vacation balance remains intact and available for use
- Future vacation hours accrue at higher full-time rate
|
| Sick Time (Staff Only) | - Accrued sick time balance remains available for use
- Additional sick time will accrue on a prorated basis once sick time balance falls below the part-time annual and/or overall accrual maximum
| - Accrued sick time balance remains intact and available for use
- Future sick time hours accrue at higher full-time rate
|
| Retiree Medical, Dental and Vision |
Part-time service recognized for determining retiree medical, dental and vision eligibility
| Service recognized for determining retiree medical, dental and vision eligibility |