At Colorado Heights University, we know that employee benefits are important to an employee’s financial security and sense of well-being. Colorado Heights University is pleased to offer employees a competitive benefits package designed to enhance the employee’s quality of life. All regular full-time staff are eligible to participate in the benefits described. This Benefits Overview provides a summary of Colorado Heights University employee benefits, but does not provide a complete, detailed description. Detailed information is provided in individual Summary Plan Descriptions.
HEALTH & WELFARE BENEFITS
New employees are eligible to participate in Colorado Heights University’s health and welfare plans on the first day of the calendar month following or coinciding with their hire date. The Department of Human Resources provides new employees with helpful and necessary enrollment materials. Employees must return completed enrollment forms within 30 days of eligibility. Selected benefits remain in effect for the remainder of the year. (The benefits year begins on July 1st and ends June 30th of the following year.) Employees may make changes to benefit elections during the annual open enrollment period (generally held in June for a July 1 effective date).
Colorado Heights University offers employees medical coverage through Kaiser Permanente. Three plan choices are offered with deductible options that range from $500 annually to $5,000 annually depending upon each employee’s needs. All plans offer full preventative care services with no deductible and most services are paid at 70% after the deductible is met. All three plans offer the same $40 office co-payment with a $250 co-payment for emergency services. Prescription services through Kaiser are available with all plan choices. The co-pay for generics is $10. CHU pays a portion of the cost for coverage and the employee contributes the balance of the premium cost each month.
Colorado Heights University offers a choice of two dental plans, either a traditional indemnity (PPO) plan with a deductible and co-insurance, or a Dental DMO, with set copays for all services and no annual limits. The PPO plan offers 100%coverage for preventative care in-network, 100% coverage for basic services and 50% coverage for major services. The annual limit is $1,500 per insured per calendar year. This plan is offered through Delta Dental.
The DMO plan offered through Alpha Dental, is a very affordable dental plan. This plan requires that all services be provided through the Alpha Dental managed care network and each employee enrolling in this plan must designate a provider from the list in advance of obtaining services. There are set copays for all services and no annual limits. There is no cost for some preventative services such as your annual exam, X-ray and cleaning.
The University pays 70% of either plan choice for the employee only. Employees pay the full cost for their dependents on a pre-tax basis.
Colorado Heights University provides basic life insurance at no cost to eligible full time employees. The life insurance provided will pay the employee’s beneficiary(ies) a benefit equal to two times their annual base pay up to a maximum of $150,000.
Accidental Death and Dismemberment (AD&D) Insurance
AD&D coverage is provided as a part of basic life insurance. If a covered employee’s death is due to an accident, their beneficiary (ies) will receive an additional benefit equal to two times annual base pay.
Vision coverage is included under the Kaiser plan. All plans offered include vision care with the same $40 copay as for other office visits. Additionally, a vision discount plan is included through the Alpha Dental Plan that provides discounts on frames, lenses and contact lenses. A discount is also offered for laser vision correction.
Colorado Heights University offers employees the option of purchasing supplemental insurance through Aflac. Coverage such as short term disability, cancer coverage, hospitalization and additional accident protection are available for purchase through payroll deduction. Aflac offers “cash to you” policies that protect you in the event of an accident or illness. These benefits are 100% employee paid.
Long Term Disability (LTD) Insurance
Long-term disability coverage pays a percentage of an employee’s eligible compensation should the employee become disabled and unable to perform work for more than six months. This coverage is paid by Colorado Heights University and is available to employees after one year of employment.
The Colorado Heights University retirement plan operates under section 403(b) of the Internal Revenue Code (IRC). The plan provides employees with the opportunity to defer compensation on a before-tax basis. Employees are fully and immediately vested in the benefits arising from contributions made under these plans.
Eligible employees may participate in the Colorado Heights University Defined Contribution Plan offered through TIAA Cref the first of the month after completion of one year of service. Employees who contribute 4% of their base annual salary will be immediately vested in the Colorado Heights University contribution of 6%. Employee contributions of less than 4% will not receive a contribution from Colorado Heights University.
Supplemental Retirement Plan
Employees who are not yet eligible to participate in the Colorado Heights University Retirement Plan may participate in the Supplemental Retirement Plan and begin saving for retirement immediately upon hire. Contributions to this voluntary plan are not subject to federal income tax until they are paid out in the form of benefits.
Colorado Heights University believes it is important for employees to take a break from their regular duties and pace the use of vacation time when doing so. Full-time employees accrue vacation days at the minimum rates below*:
- Full time new hires and those with less than five years of service accrue 3.07 hours per bi-weekly pay period, or 10 days annually.
- Full time employees with five but less than ten years of service accrue 4.61 hours per bi-weekly pay period, or 15 days annually.
- Full time employees with ten or more years of service accrue 6.15 hours per bi-weekly pay period, or 20 days annually.
*Directors and Executive level staff may accrue at higher rates
Full-time employees accrue 3.07 hours per bi-weekly pay period, or 10 days annually. Sick leave will not accrue during any leave of absence of 30 days or longer.
Holidays and Other Leaves
Colorado Heights University offers 12 paid holidays each calendar year for full time employees. Paid holidays include New Years’ Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and the day after Thanksgiving, Christmas Eve, Christmas Day, New Years’ Eve, and 3 paid holidays between Christmas Day and New Years’ Eve. Employees may also qualify for other leaves of absence, either paid or unpaid, including: Family and Medical Leave (FMLA), Jury Duty leave, Military Leave, Domestic Abuse Leave, and Bereavement Leave.
Employee Tuition Benefit (ETB)
Colorado Heights University offers a 75% tuition discount benefit for employees, their spouses and dependent children. ETB is available to employees beginning the first term following six full months of continuous employment. Eligible employees and their dependents may enroll in ESL, BA or MBA courses (up to 9 credit hours per semester). Please refer to the Colorado Heights University handbook for more information on this policy.
EMPLOYEE ASSISTANCE PROGRAM (EAP)
There are times in all our lives when we need a little help. Colorado Heights University offers a free and confidential counseling service to those employees who have been employed for one year or longer. The EAP is offered through Lincoln Financial Group, our life and LTD insurance partner. This counseling service is designed to help employees and family members deal more effectively with personal problems. No matter what the issue, employees can get the confidential support, guidance, and resources they need 24 hours a day, seven days a week, including holidays, by phone or internet. Up to four in-person or telephone counseling sessions including legal counsel and help with managing personal finances are available.
Employees are encouraged to utilize the convenience of electronic transfer of their paycheck directly to their checking or savings account(s).
Employees have access to free parking on campus. Parking permits are required and available through the Office of Public Safety.