Fringe Benefit Programs for Part-time Regular Faculty

Regular, part-time faculty are eligible for certain fringe benefits as follows: 1. Retirement The date of appointment is the date for determining entry into TIAA, normally after two years of service. The percentage of contributions is the same as for full-time personnel.

Computer Purchases

Regular faculty members are eligible to purchase computers and some peripheral equipment at discount prices. A partial 24 month interest free loan for the purchase of this equipment may be arranged and paid for through payroll deduction.

Unemployment Compensation

All faculty of Amherst College are covered by the provisions of the Massachusetts Employment Security Law (commonly referred to as "Unemployment Compensation") and, therefore, are entitled to all applicable benefits under the act. This program provides weekly income benefits to all eligible individuals during periods of full or partial unemployment.

Employees on approved leaves of absence are not eligible for unemployment compensation.

The Amherst Plan

With the Amherst Plan, a flexible spending plan established under Section 125 of the Internal Revenue Code, all faculty members may elect annually to pay for certain eligible expenses with before-tax salary dollars—dollars excluded from income for Federal, State and Social Security purposes. By taking advantage of the tax savings options offered by the plan, faculty members may increase their take-home pay.

Grant-in-Aid Program

Dependent children of regular, full-time faculty members with five years of full-time service are eligible for the Grant-in-Aid benefit per academic semester.

Moving Expenses

New members of the faculty are eligible for reimbursement of expenses incurred in the transportation of household goods and personal effects to the Amherst area. The President or the Dean of the Faculty may authorize payments of actual expenses up to $1,000 for moving distances of up to 1,000 miles; $1,500 for 1,000 to 2,000 miles; and $2,000 for over 2,000 miles.

Arrangements for reimbursement are made through the Office of Human Resources.

Family and Medical Leave

The provisions of the Family and Medical Leave Act (FMLA) provide faculty members up to 12 weeks of unpaid, job-protected leave during a 12-month rolling forward period for certain family and medical reasons. To be eligible, faculty members must have worked at the College for at least 12 months and for at least 1,250 hours during the previous 12 months.

Benefits During Sabbatic Leave and Leave of Absence

During absence on sabbatical leave, or on an approved leave of absence, contributions to TIAA-CREF and insurance will continue in the normal amount. Any questions concerning this procedure should be discussed with the Director of Human Resources.

Travel and Sojourn Insurance

Amherst College provided insurance coverage for a faculty member who is killed or totally disabled as a result of accidental circumstances while traveling on College business away from the normal place of work. The coverage provides for a $300,000 death benefit per individual with a catastrophic limit of $1,500,000 for any one accident. The employee's estate receives the death benefit.

These are only the essential features of the plan; details are available in the Office of Human Resources.

Death Benefits

If a participant in the TIAA-CREF Retirement Program dies before retirement, the beneficiary will receive the accumulated value of the retirement contracts, including the contributions of Amherst College and the proceeds of the life insurance plan.

Pages