1	"Benefits Overview" Benefits Overview Detailed Information Available in Human Resources Updated 03-03-2006
2	The University provides the following for benefits-eligible employees… State of Mississippi Health Insurance http://knowyourbenefits.dfa.state.ms.us/ Base Coverage at no charge Mississippi Workers’ Compensation Insurance Mississippi Unemployment Insurance
3	By law, the following must be deducted from a benefits-eligible MUW employee’s paycheck…. Federal Income Tax (if applicable) State Income Tax (if applicable) Social Security Tax Employee = 7.65%; University = 7.65% Retirement Contributions for Mississippi Public Employees’ Retirement System (PERS) or Optional Retirement Plan* Employee = 7.25%; University = 11.30% * See ORP handout for explanation of contribution
4	Optional Retirement Plan (ORP) Vendors for Eligible Participants
5	Optional benefits available through payroll deduction… Monthly Premium for State of MS Health Insurance Base Coverage for Horizon employee (employees hired after 1/1/06) and dependent(s)
6	Optional benefits available through payroll deduction… Monthly Premium for State of MS Health Insurance for Horizon employee & dependent(s)
7	Optional benefits available through payroll deduction continued… State Term Life Insurance Employee coverage is twice the employee’s annual salary rounded to the next $1,000 (minimum of $30,000 and a maximum of $100,000). Employee cost is $0.12 per $1,000. Example: Salary = $23,250 x 2 = $46,500 ($47,000 coverage) Employee cost = 47 x $0.12 ($5.64 per month)
8	Optional benefits available through payroll deduction continued… Dental - Ameritus
9	Optional benefits available through payroll deduction continued… Dental con’t. Maximum with Dental Rewards
10	Optional benefits available through payroll deduction continued… Dental con’t. Rates
11	Optional benefits available through payroll deduction continued… Vision - Spectera No waiting periods No deductibles Choice of eye care professionals One annual vision exam One Set of Frames each 24 months One pair of standard lenses or contact lenses once per year Laser eye surgery benefits through The Laser Vision Network of America (LVNA)
12	Optional benefits available through payroll deduction continued… Vision con’t. Schedule of Benefits
13	Optional benefits available through payroll deduction continued… Vision con’t. Monthly Rates
14	Optional benefits available through payroll deduction continued… Other optional insurance Medical Gap Insurance – American Fidelity Cancer Insurance - AFLAC Critical Illness - UNUM Accident Insurance - AFLAC Disability (Long Term and Short Term) - UNUM Term Life Insurance - UNUM
15	Optional benefits available through payroll deduction continued… Tax Sheltered Annuity Contacts American Express 888-634-3697 Lauren Fox American Funds 662- 327-1480 Rhonda Ferguson AXA Equitable 662-328-4241 Mitch Griffin ING 662-258-3777 Henry B. Flowers Metropolitan Life 662-328-4171 Ron Thomas MS Deferred Comp 800- 846-4551 Johnny Peters TIAA-CREF 800-223-1200 Customer Service VALIC 662-574-4029 Elton Thomas
16	Optional benefits available through payroll deduction continued… Medical Reimbursement Accounts If you participate, you will elect to have a specified amount of pretaxed money deducted from your paycheck each pay period. These dollars are set aside in a reimbursement account and subtracted from your gross earnings before any taxes are taken out. After you submit a receipt for a qualifying health care expense, you will be reimbursed from this account.
17	Optional benefits available through payroll deduction continued… Child Care Reimbursement Accounts If you participate, you will elect to have a specified amount of money deducted from your paycheck each pay period before taxes are deducted. These dollars are set aside in a flexible spending account and subtracted from your gross earnings before any taxes are taken out. After you submit a receipt for a qualifying dependent care expense, you will be reimbursed from this account.
18	Optional benefits available through payroll deduction continued… Individual Health Premium Accounts If you participate, you will elect to have a specified amount of money deducted from your paycheck each pay period before taxes are deducted (the monthly cost of your individual health premium). These dollars are subtracted from your gross earnings before any taxes are taken out and set aside in a flexible spending account. At the beginning of the plan year, you will submit proof of premium payment and a signed claim reimbursement form. Thereafter, you will be reimbursed monthly from this account.
19	Optional benefits available through payroll deduction continued… United States Savings Bonds MUW Employees’ Federal Credit Union MUW Foundation Sodexho Meal Ticket Plan Physical Fitness Facilities – (annual fee)
20	Other benefits… On-campus Health Center Internal Revenue Code Section 125 (Cafeteria Plan) - a tax-savings program for qualified payroll deductions Internet Access and Email Account MUW Tuition Fee Waiver Plan (contact Financial Aid Center at ext. 7114) Personal and Major Medical leave
21	Detailed Benefits Information Available in…. Human Resources Office Whitfield Hall, 2^nd Floor 1100 College St. MUW-1609 Columbus, MS 39701 Phone: 662-329-7211 Fax: 662-241-7616