Benefits

  • Credit Union

    KCUMB’s Credit Union is member owned and provides opportunities for convenient savings and low-cost lending options. These include, but are not limited to, share savings, holiday club accounts, low-cost auto loans, personal signature loans and payroll deposits. The Credit Union is easily accessible, as it is conveniently located on the KCUMB campus. Plus, you can contribute to your accounts conveniently through payroll deduction.

    Dental Insurance (Waiting Period Applies)

    Dental Insurance – Coverage is offered through MetLife. Dental services are provided for preventive, basic and major dental care.
    Monthly rates through pre-tax payroll deductions:

    Levels Premiums
    Employee  $0
    Employee + Spouse $18.37
    Employee + Child(ren) $20.04
    Family $30.03

     

    Note: This plan has a waiting period before employees may begin participating. Full-time employees are eligible the first of the month following 30 days of employment.  

    Educational Assistance/Tuition Reimbursement

    Educational assistance is offered and available to all full-time employees who have completed six months of continuous service and part-time employees who have completed 12 months of continuous service prior to the date on which an approved course begins. Courses must focus on professional development of the employee, and completion of the course will be beneficial to both the University and the employee in terms of increased abilities, skills and transfer of knowledge. Tuition reimbursement maximums are based on a KCUMB fiscal year as follows:

    Degree   Grade   Rate of Reimbursement
    Certificate Pass $5,000
    Undergraduate "C" or higher $5,000
    Graduate "B" or higher $5,000

     

    Employee Assistance Program (EAP)

    EAP coverage is offered through New Directions Behavioral Health. This program allows the employee and eligible dependents to receive behavioral health assessments, referrals and face-to-face counseling. KCUMB pays the entire premium for this service. It is strictly confidential.

    Family Medical Leave

    Employees are eligible for FML if the employee has been employed by the employer for at least 12 months; has been employed for at least 1,250 hours of service during the 12-month period immediately preceding the commencement of the leave; and is employed at a worksite where 50 or more employees are employed by the employer within 75 miles of that worksite.

    Flexible Spending (Section 125) (Waiting Period Applies)

    This plan is available for employees who desire to take advantage of tax savings. There are two programs in which employees can participate:

    Flexible Spending - Unreimbursed Medical: Allows participants to put money aside into a special account on a pre-tax basis to be used for future (current plan year) unreimbursed medical (health, dental, vision, drugs, etc.) expenses.

    Flexible Spending - Dependent Care: Allows participants to put money aside into a special account on a pre-tax basis to be used for future (current plan year) dependent (day care) expenses.

    Note: This plan has a waiting period before employees may begin participating. Full-time employees are eligible the first of the month following 30 days of employment.

    Holiday/Winter Break

    The University observes eight holidays:

    • New Year’s Day
    • Martin Luther King Day
    • Memorial Day
    • Independence Day
    • Labor Day
    • Thanksgiving Day
    • Friday after Thanksgiving
    • Christmas Day

    The University closes for Winter Break between Christmas and New Year's Day.

    Life Insurance (Waiting Period Applies)

    The University may provide each full-time employee with two times his or her annual salary up to a maximum of $700,000. The IRS allows employers to provide up to $50,000 of life insurance for employees on a tax-free basis. If an individual receives life insurance coverage in excess of $50,000, the employee is taxed on the additional premium for the additional insurance over $50,000. The employee may waive the two times salary benefit and receive $50,000.

    Note: This plan has a waiting period before employees may begin participating. Full-time employees are eligible the first of the month following 30 days of employment.

    Long-Term Disability (Waiting Period Applies)

    The University pays the full premium. Coverage is 60 percent of the employee's basic monthly earnings up to a maximum of $15,000, beginning on the first day following a six-month elimination period.

    Medical Insurance (Waiting Period Applies)

    The University offers the choice of a traditional (PPO) Preferred Care Blue Plan or a high-deductible medical plan with Blue Cross Blue Shield of Kansas City. For tobacco users, there is a $20 per month surcharge.

    Monthly rates through pre-tax payroll deductions:

      2014 Monthly Premiums
    Tiers Pref Blue PPO Base
    Employee Only $109.93 $75.23
    Employee + Child(ren) $209.11 $131.01
    Employee + Spouse $211.28 $140.13
    Family Coverage $304.54 $192.24

     

    Note: This plan has a waiting period before employees may begin participating. Full-time employees are eligible the first of the month following 30 days of employment.

    Paid Time Off (PTO)

    Accrues at a rate determined by position classification and years of service. Maximum annual carry-over of PTO time per fiscal year is 120 hours (three weeks).

    Years of Service   

    Accrual Rate
    Per fiscal year

     Staff: 1-10 25 days
    Staff: 10+ 30 days
    Faculty, VPs & above 30 day


    Community Service Days
    – Employees are eligible to take four days per year to volunteer at a non-profit (501c3) organization of their choice.

    Family Medical Leave – Employees are eligible for Family Medical Leave if the employee has been employed by the employer for at least 12 months; has been employed for at least 1,250 hours of service during the 12-month period immediately preceding the commencement of the leave; and is employed at a worksite where 50 or more employees are employed by the employer within 75 miles of that worksite.

    Retirement Plan (Waiting Period Applies)

    The University participates in the Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA-CREF). Employees are eligible to enter the plan the first full pay period following one year of employment. KCUMB will match two-for-one on the first 1 percent and then $1 for $1 on the employee's contributions above the 1 percent up to the maximum limit set by the plan.

    Employee
    Contribution
    KCUMB
    Contribution
    Total %
    Per Pay
    Period
    0% 4% 4%
    1% 6% 7%
    2% 7% 9%
    3% 8% 11%
    4% 9% 13%
    5% 10% 15%

    Note: This plan has a waiting period of 12 months before employees may begin participating.

    Short-Term Disability (Six-Month Waiting Period Applies)

    KCUMB has developed a customized, short-term disability plan that will provide income protection to all employees after six months of service, regardless of position:

    • Illness or Injury - After 14 consecutive calendar days of an employee’s serious illness or injury employees will be covered at 100 percent of wages for up to 6 months.
    • Family Medical Emergency - After 14 consecutive calendar days of leave of absence for a qualifying family medical emergency employees are covered at 100 percent of wages for up to 12 weeks.  

    Vision Insurance

    Coverage is offered with VSP. The vision plan allows full-time employees access to eye care services and materials through VSP's network of private practice optometrists, ophthalmologists and retail locations. Monthly rates through pre-tax payroll deductions:

    Levels Premiums
    Employee $9.94
    Employee + one dependent $15.91
    Employee + child(ren) $16.24
    Family $26.10

    Note: This plan has a waiting period before employees may begin participating. Full-time employees are eligible the first of the month following 30 days of employment.

    Voluntary Accidental Death and Dismemberment (VAD&D)

    VAD&D Insurance is offered with Prudential Life. This coverage allows the employee to purchase Accidental Death and Dismemberment insurance for himself, spouse and/or child(ren). The employee pays the full premium through convenient payroll deductions. The maximum amount of coverage available is $300,000 for employee and spouse and $10,000 for dependent child(ren).

    Voluntary Term Life (VTL) (Waiting Period Applies)

    VTL Insurance is offered with Prudential Life. This coverage allows the employee to purchase life insurance for himself, spouse and/or child(ren). The employee pays the full premium through convenient payroll deductions. The maximum amount available to the employee is five times his/her annual salary or $500,000.

    Note: Both voluntary plans have a waiting period before employees may begin participating. Full-time employees are eligible the first of the month following 30 days of employment.

    Winter Break

    The University is closed between Christmas Day and New Year’s Day (actual dates are determined annually).* Employees are compensated with regular pay.

    *Some departments may be required to work all or part of the winter break. Christmas and New Year’s are the only days that are considered actual holidays. Time worked over winter break may be offset with time off sometime in the future, subject to immediate supervisor’s approval. More details may be shared at a later date.