UNCP employees may elect to participate either in the Teachers' and State Employees Retirement System (TSERS), or the Optional Retirement Plan (ORP). The ORP has two carriers: TIAA-CREF and Fidelity Investments. Employee contribution is 6% of salary. Employer contribution is 15.21% (20.21% for LEO) in the TSERS plan and 12.74% in the ORP.
Pre-tax plans available to employees: Health Care Flexible Spending Account, Dependent Day Care Flexible Spending Account, Vision Care Plan, Voluntary Accidental Death & Dismemberment Insurance, Pre-tax Dental, Voluntary Group Term Life Insurance, Critical Illness Insurance, Cancer Insurance and TRICARE Supplemental Coverage.
The State of NC provides a Disability Income Plan (DIP) to all permanent employees participating in TSERS or ORP. The plan provides short-term disability coverage after one year of employment at 50% of salary, and long-term disability at 65% of salary after 5 years of service. Additional optional or supplemental disability plans are also available through The Standard, Liberty Mutual, Colonial Life and American Family Life Assurance Company (AFLAC).
Employee contribution only, tax-sheltered annuities are available through two carriers: TIAA-CREF and Fidelity Investments (beginning January 1, 2009). Employees also have access to a 457 NC Deferred Compensation Plan and a NC State 401(k) plan, employee contribution only.
Optional group life insurance plans are available through Lincoln Financial (formerly Jefferson-Pilot), AFLAC and Colonial Life and Accident. The Teachers' and State Employees Retirement System (TSERS) automatically awards a death benefit of $25,000 minimum to $50,000 maximum. ORP does not offer this benefit.
The State Employees Association of North Carolina membership services include (available to SEANC members only): Group Term Life Insurance, Accidental Death and Dismemberment Coverage, Corporate Vision Plan, Mail Rx, AAA Travel Agency, Scholarships, Group Buying discounts, and The State Employee Reporter.
Personal Liability protection is provided by the State of NC at no cost to the employee.
Variety of banking/financial options available to Credit Union members. ATM on campus.
Employees working 12 months per year (40 hours per week), accrue annual and sick leave. (Refer to handbook for leave accrual). Refer to the faculty handbook for a detailed explanation of leave policy for faculty.
This fact sheet gives only a brief outline of the benefits available to UNCP faculty and staff. It should be understood that explanations in this summary cannot alter, modify or otherwise change the controlling legal documents or general status in any way, nor can any right accrue by reason of any inclusion or omission of any statement. A detailed explanation of the benefit package is provided to all incoming employees. Please contact the Human Resources Office at (910)521-6279 if you have any questions prior to your benefits orientation.