image description
Print

Staff Benefits

The full Staff Handbook is available on GuilfordNet.

Benefit Who Pays When Benefits Are Effective What You Receive
Holidays Guilford College Upon employment 13 paid holidays each year
Vacation Leave Guilford College Begin accruing upon employment Yearly accrual: years 1-5: 10 days/years 6-10: 15 days/ years 10+: 20 days
Emergency Leave Guilford College Begin accruing upon employment One day per month
Family Medical Leave Guilford College (consists of health insurance continuation) After at least one year of employment at Guilford College Unpaid leave of absence with health insurance continued for the birth, adoption, or foster placement of a child or for the serious health condition of the employee, the employee’s parent, child, or spouse.
Dental Insurance Guilford College and employee Effective 30 days after employment with completed application Provides diagnostic, preventive, basic, major, and orthodontic services
Health Insurance Guilford College and employee Effective 30 days after employment with completed application Provides group hospital, surgical and medical protection.
Life Insurance Guilford College pays for basic policy, employee pays for additional Effective 30 days after employment with completed application Guilford College provides for a basic term policy. Employees may purchase additional term life insurance for themselves, spouses, or dependents at group rates.
Vision Plan Employee through payroll deduction Effective 30 days after employment with completed application Reduced rates for vision exams, glasses, and contact lenses.
Flexible Spending Account/Premium Conversion Employee through salary reduction Upon employment Must enroll within 30 days of employment, annual enrollment thereafter. Allows employees to pay for health care and dependent expenses with pre-tax dollars.
Retirement
TIAA/CREF		 Shared contributions based on salary. After 12 months: employee 1%, Guilford College 6%/After 48 months: employee 1%, Guilford College 11% After one year of employment Defined contribution plan features immediate vesting and allocation choices. Annuity amount determined by dollars contributed, earnings and age at retirement.
Supplemental Retirement Annuity Employee through payroll deduction Upon employment All contributed dollars are tax sheltered. Annuity amount determined by dollars contributed, earnings and age at retirement.
Short Term Total Disability Guilford College After one year of employment Provides income of 80% of your monthly wage base.
Long Term Total Disability Guilford College After one year of employment Provides income of 60% of your monthly wage base not to exceed $7,500 per month after 6 months of continuous disability, minus other disability payments.
Social Security Employee and Guilford College each pay 7.65% of salary Upon employment Retirement benefits at age 65, reduced benefits at 62. Life income for total permanent disability. Lump sum payment on death. Monthly income for qualified survivors. Medical benefits for those 65 or older.
Workers Compensation Guilford College Upon employment Compensation for job-related injury or death. Provides medical expense coverage for job-related injury or illness. Partial salary payment if work time lost exceeds 7days.
Jury Duty Guilford College Upon employment Paid time for jury service.
Educational Opportunities Guilford College: Tuition Remission
Employee: fees, books, materials		 After 30 days of employment up to 3 years
After 3 years of continuous employment		 Tuition remission for one class per semester.
Tuition remission for two classes per semester.