TTU Home HR Services Employee Services Center Benefits Summary

Benefits Summary

September 01, 2009 to August 31, 2010

The following information summarizes the various insurance plans and other benefits available to Texas Tech employees.

Group Insurance Plans (Optional)

Health Plan - Available choice of plans (The figures are monthly premiums).

 

Employee Only

Employee & Spouse

Employee & Children

Employee & Family
HealthSelect of Texas (Full Time) $ 0.00 $ 220.32 $ 147.52 $ 367.84
Health Coverage Subject to 90-day waiting period.
Part-time benefit eligible employees pay 50% of employee premium and 75% of dependent premium for health coverage. Click here for rates.

Dental Plan - Available choice of plans (The figures are monthly premiums).

 

Employee Only

Employee & Spouse

Employee & Children

Employee & Family
Dental HMO Plan/Humana $ 8.52 $ 17.05 $ 20.45 $ 28.98
Dental Choice Plan/State Of Texas $ 22.46 $ 44.92 $ 53.90 $ 76.36


Optional Term Life Insurance

When you enroll in HealthSelect or an HMO, you receive $5,000 in basic term life insurance with $5,000 in accidental death and dismemberment (AD&D) insurance. If you want additional life insurance coverage, you may purchase optional term life insurance with AD&D coverage up to four times your annual salary. Optional Term Life is limited to a maximum of $400,000.Click here for rates.

Dependent Term Life Insurance

The premium for Dependent Term Life Insurance is $ 1.38 per month, and includes $5,000 term life with AD&D per dependent.

Short and Long Term Disability Insurance

Short-Term Disability $0.29/$100 of monthly salary
Long-Term Disability $0.70/$100 of monthly salary


Voluntary Accidental Death and Dismemberment (AD&A) Insurance

If you are under 70, you can elect coverage between $10,000 and $200,000, in increments of $5,000 for yourself. You may also cover all your eligible dependents by selecting family AD&D.

Employee Only $0.02/$1,000 of coverage
Employee and Family $0.04/$1,000 of coverage


TexFlex Programs

Premium Conversion: Your Group Benefits Program (GBP) premiums are paid with tax-free dollars through payroll deduction.

Flexible Spending Account - Health Care(FSA - Health): You deposit tax-free money into an account. As you incur eligible health care expenses, you file a claim and are reimbursed from your account.

Flexible Spending Account - Dependent Day Care (FSA - Day Care): You deposit tax-free money into an account. As you incur eligible  dependent care expenses, you file a claim and are reimbursed from your account.

Workers Compensation Insurance and Unemployment Compensation Insurance

Provided for employees of TTU.

Retirement Plans

Teacher Retirement System of Texas - (Required)

Employee contribution is 6.4% of salary, which is tax sheltered(deferred). State contribution is an amount equal to 6.4% of salary.

Tax Sheltered Annuity - (Optional)

Plan 457 and IRC 403 (b) Tax Sheltered (deferred) Annuity through payroll deduction.

Social Security - (Required)

The employee’s portion of the social security tax is 7.65% to a maximum salary of $94,200 then; 1.45% on remainder per calendar year.

Leaves of Absence

Vacation

A regular full-time employee shall earn vacation entitlement in accordance with the following schedule. A regular parttime employee shall earn a pro rata share based upon the percent of time worked. Vacation with pay may be granted after six months of continuous employment.

Total State
Employment of		 Hours Accrued
per Month		 Max Hours to
carry forward to
next fiscal year
0 but less than 2 years 8 180
at least 2 but less than 5 years 9 244
at least 5 but less than 10 years 10 268
at least 10 but less than 15 years 11 292
at least 15 but less than 20 years 13 340
at least 20 but less than 25 years 15 388
at least 25 but less than 30 years 17 436
at least 30 but less than 35 years 19 484
at least 35 years or more 21 532

Sick Leave

A regular full-time employee shall earn sick leave at the rate of eight hours per month beginning on the first day of employment, part-time employees shall earn a pro rata share based upon the percent of time worked. Sick leave shall accumulate with the unused amount of such leave carried forward each month.

Holidays

Regular full-time/part-time employees shall be eligible for paid holidays as approved by the Texas Legislature and the Texas Tech Board of Regents.

Longevity Pay

Regular full-time non-academic employees are entitled to longevity pay upon completion of two years of State service in accordance with the following schedule.

State Service Longevity Pay
2 years$20
4 years$ 40
6 years$ 60
8 years$ 80
10 years$ 100
12 years$ 120
14 years$ 140
16 years$ 160
18 years$ 180
20 years$ 200
22 years$ 220
24 years$ 240
26 years$ 260
28 years$ 280
30 years$ 300
32 years$ 320
34 years$ 340
36 years$ 360
38 years$ 380
40 years$ 400
42 years$ 420