EmployEE Handbook - Marymount University

Group Short Term Disability Insurance (STD)
Effective on the first day of the month after one year of continuous employment,
Marymount University provides all regular, full-time employees working at least 30
hours per week, with Short Term Disability (STD) benefits. Marymount pays the cost of
this policy in full. The program provides 100% of an employee’s base earnings while on
an approved period of STD. For Staff, an approved period of disability includes a paid
or unpaid waiting period of 15 calendar days and a maximum of165 calendar days of
STD (a total of 180 days) for injury/illness/maternity. For Faculty an approved period
of disability includes a paid waiting period of 30 calendar days and a maximum of 150
calendar days of STD (a total of 180 days) for injury/illness/maternity. Marymount
University’s STD insurance carrier administers this plan and determines eligibility based
on medical documentation provided by an employee’s doctor(s). Employees may be
granted paid short term disability during the period of medically certified disability after
filing the proper leave request forms, which includes application for Family and Medical
Leave and obtaining approval from the STD carrier. For more information about STD,
please click on this url: http://www.marymount.edu/hr/benefits/disability.aspx.
Group Long Term Disability Insurance (LTD)
Effective on the first day of the month after one year of continuous employment,
Marymount University provides all regular, full-time employees working at least 30
hours per week, with Long Term Disability (LTD) benefits. Marymount pays the cost
of this policy in full. The LTD & STD programs are both administered by the same
insurance carrier. The insurance company administers this plan and determines eligibility
based on medical documentation provided by an employee’s doctor(s). This insurance
provides for “income replacement” of 66.67% of base earnings after an elimination
period of ninety (180) calendar days, the period of STD*. For more information about
LTD, please click on this url: http://www.marymount.edu/hr/benefits/disability.aspx.
*(1) If a participant begins LTD prior to turning 60, benefits will stop at age 65. (2)
If a participant begins LTD on or after turning 60, the years of coverage are reduced
based on the age a participants begins benefits. Contact the MU Benefits Manager
for more information.
1. Basic Retirement Plan (RA)
Retirement Programs
Effective after one year of continuous employment, Marymount University
contributes to the Teachers Insurance and Annuity Association-College Retirement
Equities Fund (TIAA-CREF) basic retirement plan (RA) for each eligible regular,
full-time employee. The contributions are equal to 8.0% of an employee’s base
salary. These contributions to the retirement plan are immediately vested. To start
receiving these contributions, newly eligible employees must complete an online
TIAA-CREF enrollment form at http://enroll.tiaa-cref.org/marymount/. For
more information about this retirement plan, please click on this url: http://www.
marymount.edu/hr/benefits/retirement.aspx2.
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