Benefits Synopsis
 

 Retirement

Participation in the Kentucky Employees Retirement System (KERS) is mandatory for full-time employees. Members become fully vested in KERS after 5 years. The employee contribution is those starting in KERS after September 1, 2008, is 6.0% and is tax deferred until the employee receives the funds. If an employee leaves employment prior to retirement, the 5.0% is returned to the employee with interest (refunds are subject to early withdrawal penalties.) Full retirement is after 27 years of service; partial retirement is pro-rated. For more information, see http://www.kyret.com.
 

Deferred Compensation Plan

All employees may elect to participate in retirement, in addition to KERS, that is paid through pre-tax dollars, available through payroll deduction. For more information, see http://www.kentuckydcp.com.
 

Health Insurance

Eligible full-time employees may choose from a variety of insurance plans. The employer pays up to set amount per month for coverage. Coverage begins second calendar month following the hire date.
 

FSA and Premium Conversion

Employees may pay their portion of health insurance premiums with pre-tax dollars. Pre-tax Flexible Spending Accounts (FSAs) are available to eligible full-time employees for health care and dependent care expenses. Employees who have other health insurance coverage may elect to have their portion of the employer-paid premium allocation contributed to an FSA.
 

Life Insurance

Eligible full-time employees receive $20,000 of life and accidental death and dismemberment insurance at no cost to them. Optional additional employee and dependent coverage is available at group rates through payroll deduction.
 

Dental and Vision Insurance

Eligible full-time employees may choose from two plans that both have dental and vision coverage. Single coverage is provided at no cost to employee. Dependent coverage is available at employee’s expense.Coverage begins second calendar month following the hire date.
 

Holidays

Eligible full-time employees receive 12 paid holidays per year.
 

Annual Leave

Eligible full-time employees accumulate up to 3.7 to 7.5 hours per pay period, based on length of service. Eligible part-time employees accumulate on a prorated basis.
 

Sick Leave

Eligible full-time employees accumulate up to 3.7 hours per pay period. Eligible part-time employees accumulate on a prorated basis.
 

Civil Leave

When summoned by Court to serve as a juror or witness employees receive full pay.
 

Military Leave

Regular employees may take up to 21 days per year upon presentation of orders.
 

Family/Medical Leave

Qualified employees are eligible for up to 12 weeks per year of time off work in certain circumstances of personal or family illness.
 

Tuition Assistance

Eligible full-time employees seeking to further their academic training when it relates to their employment may receive all or partial assistance for tuition.
 

Training

Eligible employees seeking to hone their work-related skills may receive all or partial assistance for seminars, workshops, computer classes, etc.
 

Employee Assistance Program

Eligible full-time employees and their immediate family members are eligible for up to 8 one-hour-long sessions with the St. Elizabeth Employee Assistance Program (EAP).
 

Direct Deposit

Payroll is direct deposited. Employees may deposit to up to two savings/checking accounts.
 

Credit Union

Employees may join two credit unions and take advantage of low rates on loans, high rates on savings, no service fee checking, and other benefits. For more information, see http://www.ccuky.org or http://www.kecu.org/.
 

No Service Fee Checking

Various financial institutions offer no service fee checking accounts to all employees.
 

Parking
 

Parking is provided at no cost to all employees.

Revised 8/13/08

Equal Opportunity Employer M/F/V/D