Benefits
Employment: Benefits
Listed below are the general benefits offered to employees of Andover Newton Theological School.
Health Insurance
Flexible Spending Accounts
Life Insurance
Long Term Disability
Pension
Tax Deferred Annuity Plan
Holidays
Vacation
Sick Leave
Personal Days
Use of the Library
Health and Accident Insurance
All employees who work twenty-eight (28) or more hours a week are eligible to receive group health and accident insurance coverage through Andover Newton. Please see the Director of Human Resources for further details.
The School pays a percentage of the premium for an employee and his/her spouse and children in any one of the health and accident insurance plans approved by the School. Health insurance co-payments owed by employees are paid either by payroll deduction or by payroll reduction through the Premium Payment Plan for medical expenses.
In
order to preserve the accuracy of health insurance records,
any changes in an employee’s family situation - marriage,
birth or adoption of a child, divorce, or death of a dependent,
must be reported to the Director of Human Resources as soon
as possible. The Director of Human Resources must also be
notified if a child becomes ineligible to participate in a
medical plan due to age or change in student status.
top
Flexible Spending Accounts
Andover Newton offers a “Cafeteria Plan” as
part of the employees benefits program. The Cafeteria Plan is made up
of the Premium Payment Plan, the Medical Reimbursement Program and the
Dependent Care Assistance Program. Flexible Spending Accounts are reimbursement
benefits under the Cafeteria Plan. Flexible Spending Accounts are salary
reduction arrangements under IRS Code Section 125 for the purpose of allowing
employees to convert part of their earnings on a pre-tax basis into separate
spending accounts to fund allowable health care and/or dependent care
expenses. Co-payments for health insurance premiums may be paid on a pre-tax
basis through the Premium Payment Plan. New employees may establish a
Flexible Spending Account at the time of hire. Current employees may sign
up for the program in December of each year for a January first starting
date.
top
Life Insurance
Fully paid group term life insurance coverage in the amount
of one times earnings is provided for all employees who work twenty (20)
or more hours a week on a regularly scheduled basis to a maximum of $75,000.
top
Long Term Disability
All employees who regularly work thirty (30) or more hours a week are eligible to participate in our group long term disability insurance plan on the first day of the month coincident with or following ninety (90) days of employment. Andover Newton underwrites the entire cost of this program.
The
School's group plan assures a monthly disability income, including
any such other disability benefits for which a member may
be eligible (e.g. Social Security), equal to 60% of base monthly
pay to a maximum monthly benefit of $5,000. Disability income
occurs after three months of total disability and continues
to age 65. If a disability occurs at age 65, the benefit amount
will be paid for 24 months. The disability income benefit
payment period declines with each year of age attained thereafter
to a maximum of 12 months at age 69 or over.
top
Pension
Employees who work twenty (20) or more hours a week are eligible to participate in a pension program at a rate determined by the Board of Trustees. The full cost of this program is paid by Andover Newton. All are eligible to participate in retirement plans approved by the School (limited to denominational plans and TIAA/CREF).
Exempt
employees will begin participation on the first business day
of the month coinciding with or next following employment
at the School. (For example, if the employee's first day of
employment is September 15, participation would begin on the
first business day of October. If the first day of employment
is Monday, September 3, also the first business day of the
month, then participation would begin immediately.) All other
eligible employees will begin participation on the first day
of the month coinciding with or following the completion of
one year of service at the school and attainment of age twenty-one
(21).
top
Tax Deferred Annuity Plan
All employees who work eighteen (18) or more hours a week
may participate in the Andover Newton Tax Deferred Annuity Plan on the
first day of the month coincident with or immediately following employment
at the school. To participate in the Plan, an employee must complete both
the enrollment form as well as a Salary Reduction Agreement, and return
them to the Director of Human Resources. Under a Salary Reduction Agreement
a portion of the salary earned is applied on a before tax basis to an
annuity contract by the employee, rather than being directly paid to the
employee. Salary reduction amounts are not subject to federal income tax
until they are paid to the employee in the form of benefits. You are fully
and immediately vested in the benefits arising from contributions made
under this Plan as soon as you enroll.
top
Holidays
Andover Newton Theological School observes fourteen (14) paid holidays as follows:
| New Year's Day | January 1 |
| Martin Luther King Jr.'s Birthday | 3rd Monday in January |
| President's Day | 3rd Monday in February |
| Good Friday | Friday before Easter |
| Patriot's
Day (Classes held, offices closed) |
3rd Monday in April |
| Memorial Day | Last Monday in May |
| Independence Day | July 4 |
| Labor Day | 1st Monday in September |
| Columbus Day | 2nd Monday in October |
| Veteran's Day | November 11th |
| Thanksgiving | 4th Thursday & Friday in November |
| Christmas | December 25 and at least one other day |
Holidays
falling on a Sunday are observed on Monday; holidays falling
on Saturday are observed on Friday.
top
Vacation
During the first year of employment non-exempt employees accrue vacation at the rate of .83 days for each full calendar month worked. On and after the first day of the month coincident with or following one year of employment, vacation days are earned at the rate of 1.25 days per month. On and after the first day of the month coincident with or following nine years of employment, vacation days are earned at the rate of 1.67 days per month. This schedule is as follows:
After one year: 10 working days
After two years: 15 working days
After nine years: 20 working days
Exempt employees accrue vacation at the rate of 1.67 days for each full calendar month worked, which is 20 working days per year.
An extra day is allowed for any paid holiday which occurs during a vacation period. If payday falls during a vacation period, it is possible to receive the regular monthly or semi-monthly paycheck in advance if the Payroll Manager is given at least three weeks notice.
The
vacation year is the same as the fiscal year. Ten (10) vacation
days from the prior fiscal year may be accumulated for use
in a subsequent year. An employee is not entitled to take
vacation with pay for the first ninety (90) calendar days
of employment, although vacation is accumulated during this
period for future use.
top
Sick Leave
Sick leave is accumulated at a rate of one full day each full calendar month worked to a total of ninety (90) work days. Sick leave may also be taken for medical exams and dental appointments. When a person must be absent due to illness in his/her immediate family, the absence will be charged to the employee's sick leave. An employee is not eligible to take sick leave with pay for the first ninety (90) calendar days of employment, although sick leave is accumulated during this period for possible future use. If a salaried employee reports to work and later leaves on account of illness at any time during the day, no sick leave is charged. Repeated abuse of this policy will result in disciplinary action. An employee who is absent from work for five (5) or more consecutive days may be required to provide a physician's statement indicating a level of fitness which allows for safe return to normal job related responsibilities.
Please
note that employees are not paid for unused sick leave at
the time of termination of their employment.
top
Personal Days
Up to three (3) paid days may be taken at the employee's
discretion in any fiscal year by employees who work twenty (20) or more
hours a week. An employee's request for a personal day must be submitted
in writing in advance to the supervisor and will generally be approved
consistent with the school's operational needs. Advance request for use
of personal days is expected but not required if emergency conditions
make this impossible.
top
Use of the Library
Employees may use the Franklin Trask Library and may borrow
books subject to library regulations. They may register for a library
identification card at the Circulation desk.
top