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Retirement
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Participation in
the Kentucky Employees Retirement System (KERS) is mandatory for full-time
employees and those working 100 hours or more/month. Members become fully
vested in KERS after 5 years. The employee contribution for those starting in
KERS after 9/1/08 is 6.0% and is tax deferred until the employee receives the
funds. If an employee leaves employment prior to retirement, the funds are
returned to the employee with interest (refunds are subject to early withdrawal
penalties.) See
www.kyret.ky.gov.
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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. See
www.kentuckydcp.com.
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Health Insurance
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Currently,
eligible full-time employees may elect health insurance coverage. The employer
pays up to a set amount per month for coverage. Currently, the lowest cost
employee-only plan is 100% employer-paid. Coverage usually begins the 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 and part-time employees for health care and eligible
full-time employees for 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, eligible 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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Eligible
employees are eligible for up to 12 weeks per year of unpaid time off work in
certain circumstances of personal or family illness.
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Tuition Assistance
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Eligible 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
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
in multiple 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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Several 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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