All
Under New York State Law,
Standard Short Term Disability Insurance
Eligible employee (full time administrators, faculty, and non-union staff) receive a total salary continuation benefit of 66 2/3% of your pre-disability base earnings, to a maximum of $2,000 per week, for the first twenty six (26) weeks of disability. Liberty Mutual will continue to pay the
Standard Group Long Term Total Disability
Upon completion of one year of continuous employment you are eligible for total disability coverage. Total disability benefits begin on the first day of the month following six months of total disability and continue during such disability until you reach age seventy (70) or until death whichever comes first. This plan provides for a monthly income equal to 60% of your salary, not to exceed $4,500.00 a month. If you are participating in the pension plan, at the time you become disabled, it will also provide contributions to your annuity plan at the rate of 10% of your monthly wage base.
Standard Life Insurance and Accidental Death and Dismemberment Insurance
On the first day of the month immediately following your date of hire you are eligible to participate in the College’s group health (medical and dental) insurance plans. At present, the College offers a point of service plan through
After one year of employment all eligible employees must participate in the College's defined contribution retirement plan. To be eligible to participate in the plan you must be a member of the eligible categories, as described in the plans Summary Plan Description, be twenty-five (25) years of age or older and have completed one year of continuous employment at Wagner College. The one-year employment requirement is waived if during the 12-month period prior to your hire you have been employed in an institution of higher education. Your minimum contribution to the pension plan is 5% of your base salary. You may, however, contribute an additional amount in accordance with IRS regulations. Your contributions are made through salary reduction and are therefore not considered taxable income. The College, in turn, contributes 9% of your base salary during your first 7 years of employment, and increases its contribution to 10% once you have completed seven years of continuous service. All tenured faculty receive a college contribution of 10%.
All employees may also establish a supplemental retirement annuity (SRA) plan through TIAA/CREF in order to increase the amount of funds dedicated to future retirement income, through salary reduction. Unlike the TIAA Retirement Plan, SRA’s provide you with the ability to get loans from your accumulated income.
Tuition Remission
All full-time personnel become eligible for tuition remission according to the following schedule.
The hiring process Up to ½ FTE for self
One year of employment Up to ½ FTE for self/spouse
Two years of employment Up to One FTE for self/spouse/dependent
Six years of employment Up to 2 FTE for self/spouse/dependent
FTE tuition remission benefit is defined as the dollar amount charged, in a given academic year, to full-time undergraduate students for tuition not including fees, room or board. The benefit may be used for graduate and/or undergraduate classes. Tuition remission eligibility takes effect during the semester following the anniversary date of employment. Proration of costs for any period of employment that is less than 6 months is not permitted. For example, if a full time employee has an anniversary date of October, tuition remission eligibility begins with the following Spring semester.
Upon completion of one year of continuous employment you are eligible for a fifty percent (50%) discount for dependent children enrolled at the
Tuition Exchange Program Flexible Spending Accounts. All employees are eligible to participate in the college’s voluntary Flexible Spending Account program, which allows you to put aside money to pay for medical and dependent care expenses TAX-FREE. Health FSA eligible expenses are Family Health Care Expenses, including: deductibles, office visit co-pays, dental expenses (including orthodontia), vision expenses (exams, RX glasses, contact lens, contact lens solutions, laser eye surgery), OTC Drugs for medical care and prescription drug co-pays. Eligible Dependent Care Expenses include: child care, pre-school, adult dependent day care centers or services (if IRS dependent and living with you). This is only a summary and, as such, is not meant to be a comprehensive representation of your benefits. If you have any questions you may contact the Office of Human Resources at 718 390-3187. Eligibility requirements and detailed descriptions may be found in the employee handbook and the individual plan documents.
Once you have been employed at the College for one year or more, you are eligible to apply for scholarships under the Tuition Exchange program. Tuition Exchange (TE) is a partnership of 480 colleges and universities offering competitive tuition exchange scholarships to members of faculty and staff families employed at member institutions. Each institution is obligated to maintain a balance between student sent on the exchange (exports) and students received on the exchange (imports). Scholarships are not fringe benefits; they are competitive awards. Applicants must meet the admission requirements of the member institution. If you are interested in applying for a tuition exchange scholarship you should contact the College's liaison officer approximately twelve months before you plan to use the TE program. The liaison officer will be able to provide you with a list of the member schools as well as information about the process and deadlines. The scholarship, if awarded, is not considered part of the college’s FTE tuition remission benefit.
If you are full time staff employee working a 30-35 hour workweek you are entitled to free lunch privileges in the Wagner Union Dining Hall. If you are a faculty or administrator, you may purchase discounted meal plans, in the College's Business Office or Dining Hall Office.