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|
Human Resources and Payroll |
Rev. 6/1/2004
What happens when you convert from
Wages to Full-time
Classified (1.0 FTE)
|
Pay |
You are paid 24 time a year |
Divide your
current salary by your old part-time FTE for conversion into same job. For conversion into a different job, salary
is negotiable. |
|
Leave |
Annual Leave ·
Earn
4 hours per pay period ·
Accrual
rate increases with years of service ·
Unused
balance paid out at separation, up to maximum limits |
VSDP Sick Leave and Family/Personal Leave ·
Awarded
64 hours (8 days) of sick and 32 hours (4 days) of family/personal on January
10th each year ·
No
pay out at separation |
|
Benefits |
Health
Insurance Premiums |
·
Choice
of two plans for full-time employees and their dependents, COVA Care and
Kaiser Permanente. ·
Employee,
Employee + One, Family Coverage ·
Premiums are shared between the
employee and the University, and are payroll-deducted on a pre-tax basis. |
|
|
·
The University makes the entire contribution to the retirement
plan. ·
VRS is a defined benefit plan with vesting at five years of
service. |
|
Life Insurance |
·
VRS provides life insurance through Minnesota Life ·
The State pays the entire premium. ·
The basic benefit is two times annual salary. ·
There is also an accidental death and dismemberment provision of
four times annual salary. |