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BENEFITS
Faculty members appointed 50% of full-time or more for at least seven months are eligible for the following benefit plans. Complete descriptions of these plans are included in the Plan Booklets and Summary Plan Descriptions available in the Office of Human Resources or in the Faculty Handbook. ACCIDENTAL DEATH AND DISMEMBERMENTCoverage is available for the employee and his/her family. The employee pays cost based on choice of coverage. BUSINESS TRAVEL INSURANCEThe university provides $50,000 in business travel insurance while traveling on university business to a destination outside an employee’s city of employment. DEATH BENEFITThe university pays an amount equal to one month’s salary to employee’s beneficiary as designated on life insurance in event of the employee’s death. DENTAL INSURANCEThe MetLife Voluntary Preferred Dentist Program is available, which offers coverage for employees and dependents. FAMILY AND MEDICAL LEAVEAfter one year of employment, employees are eligible for one semester of unpaid leave per year for the birth or adoption of a child, to care for a seriously ill family member or to care for the employee’s own serious health condition. HEALTH CARE PROTECTIONCoverage is effective as of the date of hire for eligible employees. Employees have a choice between three plans with varying coverage options under United Healthcare (Choice Plus/Open Access Plan). Coverage for eligible dependents is available at the employee’s expense.HEALTH FLEXIBLE SPENDING ACCOUNT PLANAllows an employee to use pre-tax dollars to pay for other eligible medical expenses, which are not paid by medical insurance and childcare expenses.LIFE INSURANCETulane provides Group Life Insurance coverage for employees and dependents. Coverage for employee is one and one half (1-1/2) times employees annual salary (including retirement plan contributions) up to a maximum benefit of $50,000. Coverage for spouse and dependent children age 5 and over is $2,000. (Note: Lesser amounts for children under age 5). Please contact WFMO Benefits Specialist for information and forms. Additional life insurance coverage through the Voluntary Term Life plan is available at the employee’s expense. LONG TERM DISABILITY INSURANCECoverage is effective as of the date of hire. Following three months disability, the plan provides 66-2/3% of monthly income up to a maximum of $8,000 per month. The monthly premium is based on the employee’s salary and deducted from the employee’s paycheck. RETIREMENT PLANFaculty members are eligible after two years employment at more than 50% of full-time. The university contributes to either the TIAA-CREF or to Fidelity Investments. For faculty members earning more than $80,000: Tulane contributes an amount equal to 10% of base salary, faculty member is required to contribute 2% of salary. For faculty members earning less than $80,000: Tulane contributes an amount equal to 8% of base salary, the faculty member can voluntarily contribute up to 2% of salary and Tulane will match up to 2%. Personal contributions by salary reduction as permitted by Internal Revenue Service regulations may be made to either TIAA-CREF or to Fidelity Investments. Permanent employees scheduled to work for 100% of full time are eligible to enroll in credit courses (following six months employment). Spouses and dependent children are entitled to the waiver after the employee completes three years of service. See the Employee Handbook for requirements. WORKER’S COMPENSATION Covered for medical expenses for job related to injuries or illnesses as provided by Louisiana State Worker’s Compensation. Report any injury or illness to supervisor. OTHER BENEFITSFor complete details for each of the above benefits, consult plan booklets available in Human Resources or the Faculty Manual available in the Provost Office.
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