36 ADDITIONAL BENEFITS FCC provides additional benefits to its employees. Life Insurance The College pays the full premium for life insurance for eligible employees under a group life insurance policy. The amount of life insurance coverage is based on two (2) times the employee’s annual compensation rounded to the next highest $1,000, but not higher than $500,000. Coverage for eligible employees is effective on the employees date of hire . Employees may purchase additional life insurance and spouse and dependent coverage through payroll deductions. For the further details regarding the life insurance benefits, consult the Group Life Insurance program booklet or contact Human Resources. Long-Term Disability Insurance The College provides long-term disability insurance to full-time regular administrators, full-time regular support staff, full-time faculty, part-time regular administrators who work at least thirty (30) hours per week, and part-time regular support staff who work at least thirty (30) hours per week. Coverage for eligible employees is effective on the employees date of hire. For further details regarding the long-term disability coverage, consult the plan description provided at orientation or contact Human Resources. Legal Services Plan Eligible employees may enroll in a prepaid legal plan. The plan provides 100% coverage for the employee, spouse, and qualifying dependent children for a broad range of legal services. Coverage includes a 25% savings on attorney fees for an employee’s parents and parents-in- law provided the plan network is available in their area. Premiums are fully paid by the employee and made via payroll deduction. Coverage for eligible employees is the first of the month following date of hire. Aflac Aflac supplemental insurance provides an additional level of financial protection for eligible employees and their family members in the event of a serious accident or illness. Aflac provides cash benefits to help pay for out-of-pocket costs and loss of income. Aflac pays cash benefits regardless of any other insurance coverage in place. Cash benefits are paid to the insured and covered family members when ill or injured. Premiums are fully paid by the employee and made via payroll deduction. Coverage for elgible employees is the first of the month following date of hire. Retirement Plans Full-time and eligible part-time regular administrators and support staff, full-time auxiliary, and full-time faculty are provided with membership in a retirement system at the time they commence employment with the College. FCC employees become members of either the Maryland State Retirement and Pension System (MSRPS) or one of the Optional Retirement Programs. The Optional Retirement Programs are available only to administrators with baccalaureate degrees or higher and some employee groups who may not participate in the MSRPS. Eligibility is determined by the Maryland Higher Education Commission (MHEC). All plans are described in pamphlets available in the Human Resources office. If employees who have a choice of programs do not elect a plan, they will automatically be placed into MSRPS.
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