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Pension (See - Retirement Program)

Scope

Full-time faculty and salaried administrative employees.

Policy

All full time faculty and administrative employees become eligible for and are required to participate in the Teachers Insurance and Annuity Association /College Retirement Equities Fund (TIAA/CREF) retirement program the first day of the month following two years of employment. Faculty or administrative employees who, upon hire, have already established and have current an appropriate TIAA/CREF annuity contract through another institution, will be immediately eligible for participation in the College’s retirement program. Contributions under this retirement plan will be made on a monthly basis and deposited to the employee’s TIAA/CREF Retirement Annuity in accordance with the following schedule:

Contributions as a Percent of Regular Salary


By the Participant By the College
On salary up to $15,700 6.0% 6.3%
On salary above $15,700 6.0% 12.0%


Accumulations under this retirement plan may be withdrawn upon attainment of age 60 or if an employee becomes totally disabled. Withdrawals are subject to any restrictions placed on the funding vehicles offered by TIAA/CREF. An employee’s accumulations in TIAA/CREF Retirement Annuities may be received in a single sum prior to age 60 through “repurchase” if certain conditions are met. If the employee in this retirement plan terminates employment with the College and requests that TIAA/CREF repurchase his/her Retirement Annuities, the College will approve such repurchase if, at the time of the request, all of the following conditions apply:

  1. the total TIAA Traditional Annuity accumulation in all Retirement Annuities owned by the employee is not over $2,000.00 and the employee’s total value of all Retirement Annuities is less than $4,000.00.

  2. the participant does not have a TIAA Transfer Payout Annuity (TPA)  in effect.

Procedure

After completing two years of employment, an employee is contacted by the Payroll Office to enroll in the retirement program. (Eligibility start date is the first of a month following two years of employment.) The employee is required to complete the forms necessary for enrollment, including the naming of a beneficiary and allocation of premiums to TIAA (fixed annuity) or CREF (variable annuity).

Further information is available through the Business Office, the Payroll Office, or by contacting TIAA/CREF directly using the 800 phone number on your TIAA/CREF statement.

Adm. Council approved/effective 3/1/01

Pension (See - Retirement Program)

Scope

Full-time faculty and salaried administrative employees.

Policy

All full time faculty and administrative employees become eligible for and are required to participate in the Teachers Insurance and Annuity Association /College Retirement Equities Fund (TIAA/CREF) retirement program the first day of the month following two years of employment. Faculty or administrative employees who, upon hire, have already established and have current an appropriate TIAA/CREF annuity contract through another institution, will be immediately eligible for participation in the College’s retirement program. Contributions under this retirement plan will be made on a monthly basis and deposited to the employee’s TIAA/CREF Retirement Annuity in accordance with the following schedule:

Contributions as a Percent of Regular Salary


By the Participant By the College
On salary up to $15,700 6.0% 6.3%
On salary above $15,700 6.0% 12.0%


Accumulations under this retirement plan may be withdrawn upon attainment of age 60 or if an employee becomes totally disabled. Withdrawals are subject to any restrictions placed on the funding vehicles offered by TIAA/CREF. An employee’s accumulations in TIAA/CREF Retirement Annuities may be received in a single sum prior to age 60 through “repurchase” if certain conditions are met. If the employee in this retirement plan terminates employment with the College and requests that TIAA/CREF repurchase his/her Retirement Annuities, the College will approve such repurchase if, at the time of the request, all of the following conditions apply:

  1. the total TIAA Traditional Annuity accumulation in all Retirement Annuities owned by the employee is not over $2,000.00 and the employee’s total value of all Retirement Annuities is less than $4,000.00.

  2. the participant does not have a TIAA Transfer Payout Annuity (TPA)  in effect.

Procedure

After completing two years of employment, an employee is contacted by the Payroll Office to enroll in the retirement program. (Eligibility start date is the first of a month following two years of employment.) The employee is required to complete the forms necessary for enrollment, including the naming of a beneficiary and allocation of premiums to TIAA (fixed annuity) or CREF (variable annuity).

Further information is available through the Business Office, the Payroll Office, or by contacting TIAA/CREF directly using the 800 phone number on your TIAA/CREF statement.

Adm. Council approved/effective 3/1/01

Prescriptions

Hourly Plans Co-Pay rates: (In-Network)


For the BCBS PPO Plan the prescription co-pays are as follows:
All  Drugs - $7
Mail Order Prescription Drugs (up-to 90 day supply)
All Drugs - $7

For the BCBS Community Blue Plan the prescription co-pays are as follows:
Generic Drugs - $10
Brand Name Drugs - $40
Mail Order Prescription Drugs (up-to 90 day supply)
Generic Drugs - $10
Brand Name Drugs - $40

Salaried Plans Co-Pay rates:  (In-Network)

For the BCBS Community Blue Plan the prescription co-pays are as follows:
Generic Drugs - $10
Preferred Brand Name Drugs - $20
Non-Preferred Brand Name Drugs - $40
Mail Order Prescription Drugs (up-to 90 day supply)
Generic Drugs - $10
Preferred Brand Name Drugs - $20
Non-Preferred Brand Name Drugs - $40

For the BCBS Community Blue High Deductible Plan the prescription co-pays are as follows:
Generic Drugs - $10
Brand Name Drugs - $40
Mail Order Prescription Drugs (up-to 90 day supply)
Generic Drugs - $10
Brand Name Drugs - $40

Enrollment and additional information for Mail Order Prescriptions contact:

www.medcohealth.com or 1-800-903-8346

Position Vacancies

Scope

All employees

Policy

Albion College subscribes to the objectives of Title VII of the Civil Rights act of 1964 and the pursuant amendments thereto, and the Elliott-Larsen Civil Rights Act of 1976. All recruiting, hiring and subsequent assignments shall be determined without regard to race, color, national origin, religion, sex, age or handicap.

The College will endeavor to first offer employment and/or promotional opportunities to present employees of the College, where qualified applicants exist.

It is the responsibility of the Human Resources Office to participate, where applicable, in the recruiting, interviewing and selection process to ensure that the best qualified candidate is hired for the position. The Human Resources Office should be notified before an offer is made.

Procedure

In order to communicate such vacancies, appropriate bulletin board locations on campus have been established where notice will be given for such available positions. Notices of job postings and job advertisements are sent to:

  1. Dining & Hospitality Services posts three notices; upper Baldwin main hallway, lower Baldwin kitchen and at the Kellogg Center Eat Shop.
  2. Facilities Operations posts two notices; Facilities time clock and at the Grounds building.
  3. Institutional Advancement
  4. Library
  5. Career and Internship Center
  6. Dow Center
  7. Kellogg Center
  8. Administration Building/Human Resources Office
  9. For positions represented by the MEA, a copy is also sent to the ACESPA president.

Where possible, openings will be circulated within the College by the Human Resources Office for one week prior to outside advertising. As needs may vary, the appropriate procedure and date for making application will be included in the posted position opening.

For non-union, promotional situations, if a current employee in the department has the necessary qualifications to fill the position, it will not be necessary to first post the opening prior to making such a promotional move. The College recognizes that current employees, through their association with the College, have gained special knowledge and experience which adds to their qualifications.

If no qualified applicants are located through these means, advertisements will be placed, by the Human Resources Office, in the appropriate sources for applicants, i.e. newspapers, periodicals, other publications, colleges, organizations, etc. Supervisors are encouraged to submit the names of sources to which they would like the vacancy submitted.

Revised 7/97 - Cabinet approved

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