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Work/Life: You Change From Full-Time to Part-Time Status
Impact on Benefits
Back to You Change to Full-Time or Part-Time Status
If you change from full-time to part-time status, your coverage under
the following benefits programs may be affected:
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Medical
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| Special Notes |
You'll
pay higher contribution rates for medical coverage. To review
contribution rates for part-time employees, click
here.
The new rates will automatically be deducted from your
paycheck as soon as your status change is processed. |
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Group Life Insurance and Long-Term Disability
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| Special Notes |
Your
University-provided basic life insurance coverage decreases from $12,000
to $6,000.
Your University-provided Long-Term Disability coverage
decreases from $14,000 to $7,000.
Your optional life insurance coverage is a multiple of your annual
salary. Click here for more
information.
Your Long-Term Disability coverage is based on your
annual salary. Click here
for more information. |
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Flexible Spending Accounts
(FSAs)
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| What You May
Need to Do |
If
you have already established a Dependent Care FSA, you may want to:
- Change the amount you contribute.
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When You
Should Do It |
Within
31 days of the date your work hours changed. |
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| How to Do It |
- Contact the Benefits Office to request a Change in
Status form, or click here
to download the form.
- Complete the form and return it to the
Benefits Office.
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Qualified Transportation Program
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| What You May Need to Do |
You
may change the election or start participation in the Qualified
Transportation Program. |
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When You
Should Do It |
You
should do it 45 days before the new election takes effect. |
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| How to Do It |
- Contact the Benefits Office for an enrollment form, or click
here to download the form.
- Complete the form and return
it to the Benefits Office.
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Retirement Benefits
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| Special Notes |
- Your contributions under the Contributory Retirement Plan
("CRP") and the defined contribution part of the
Retirement Income Plan for Employees ("ERIP") are based on
your compensation. Accordingly, if your compensation decreases with
your change from full-time to part-time status, your retirement
contributions will be based on your reduced compensation.
- Your
benefit under the defined benefit part of ERIP is based in part on
your Final Average Pay ("FAP"). Your FAP is the average of
your compensation over the five consecutive years (out of your final
ten years of employment) that produce the highest five-year
average. Accordingly, if your compensation decreases with your
change from full-time to part-time status, your FAP (and thus your
defined benefit) may be reduced.
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Time Off (Vacation Time, Personal Days, and Sick Accruals)
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| Special Notes |
Staff Employees Only:
Your time off benefits will change based on the number of hours
you're scheduled to work in a week. For more information on
vacation and sick days, click
here. |
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