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Retirement
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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.
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Deferred
Compensation Plan
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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.
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Health Insurance
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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.
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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.
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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.
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Dental and Vision Insurance
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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.
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Holidays
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Eligible full-time employees receive 12 paid holidays per year.
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Annual Leave
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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.
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Sick Leave
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Eligible full-time employees accumulate up to 3.7 hours per pay period. Eligible part-time employees accumulate on a prorated basis.
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Civil Leave
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When summoned by Court to serve as a juror or witness employees receive full pay.
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Military Leave
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Regular employees may take up to
21 days per year upon presentation of orders.
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Family/Medical Leave
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Qualified employees are eligible for up to 12 weeks per year of time off work in certain circumstances of personal or family illness.
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Tuition Assistance
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Eligible full-time employees seeking to further their academic training when it relates to their employment may receive all or partial assistance for tuition.
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Training |
Eligible employees seeking to hone their work-related skills may receive all or partial assistance for seminars, workshops, computer classes, etc.
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Employee Assistance
Program
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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).
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Direct Deposit
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Payroll is direct deposited. Employees may deposit to up to two savings/checking accounts.
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Credit Union
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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/.
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No Service Fee Checking
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Various financial institutions offer no service fee checking accounts to all employees.
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Parking
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Parking is provided at no cost to all employees.
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