Group Life Insurance

On the first of the month following three consecutive months of employment, faculty members are eligible for College-paid group life insurance coverage. To age 65 the insurance coverage is equal to 1.5 times an employee's annual salary. Upon attainment of age 65, the amount of insurance is equal to 1 time the basic annual salary and 67% at age 70. In all cases, if the amount of insurance is not an even multiple of $1,000, it is raised to the next higher $1,000 multiple.

Employee Assistance Plan

The Employee Assistance Plan (EAP) is a confidential resource and referral service that the College makes available to all Amherst College employees, their spouses and dependents. The Wellness Corporation provides a number of services including consultation, problem assessment, referral and follow-up services for a wide variety of personal and health-related problems. Visit www.WellnessWorkLife.com for information on a variety of topics.

Group Health and Dental Insurance

Regular faculty are eligible to select one of the health care programs offered by the College.
Faculty may select individual or family coverage. Faculty enrolling in a plan will also be included in the Dental Plan in a corresponding individual or family contract. Specific plan details, current rate information and enrollment forms are available in Human Resources Office.

Retirement

As a faculty member approaches retirement, he or she should consult with the Dean of the Faculty and the Human Resources Office.
Retired faculty have emeritus status. Emeriti may participate in formal College ceremonies such as Commencement and convocation. They retain library privileges and full access to campus facilities though they cannot normally be granted the use of laboratory or office space. The College will invite those who retire in the area to participate in a variety of College social events.

The Housing Program

The College assists employees by renting houses and apartments to junior untenured faculty, visiting faculty, junior lecturers, and coaches who have not received senior contract status at subsidized rates. For eligible senior tenured faculty, senior lecturers, senior-contract coaches, and certain administrators, the College offers a plan for the purchase of College houses, along with a Matching Grant Plan. An Enhanced Second Mortgage Plan is also offered to eligible employees.  These plans are more fully described below.

Salaries and Fringe Benefits

Fringe Benefit Programs for Full-time Faculty

The Director of Human Resources and the Staff of the Human Resources Office are responsible for administering the fringe benefits program for all College employees. The actual provisions of each formal benefits plan, policy or contract will determine entitlement of benefits, benefit levels and other matters. Fringe benefit programs for which Faculty are eligible include:

Grants and Allowances

1. Requests for travel advances or reimbursements for purposes approved by the College through the Dean of the Faculty's Office should be made to the Comptroller's Office. Receipts for all expenses for which reimbursement is sought must be submitted to the office.

Salaries and Payroll

All salaries and any annual increments to them are established and voted by the Board of Trustees, usually at their April meeting, upon the recommendation of the President, in consultation with the Dean of the Faculty and the Treasurer. 1. Payroll. The fiscal year of Amherst College runs from July 1 to June 30th. Annual faculty salaries are for nine months' work but are paid in twelve equal installments on the last day of each month, July 31st through June 30th, inclusive.

Salaries and Fringe Benefits

All salary, fringe benefits and College service policies are determined by the Board of Trustees on the recommendations of the President, the Dean of the Faculty and the Treasurer. In making their recommendations, which are always subject to budgetary constraints and changes in state and federal legislation, these officers of the College regularly consult relevant national survey data, to ensure competitiveness, and consider matters of internal equity.

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