Employment Benefits

The Sage Colleges

Summary of Benefits For Employees

(For job opportunities, visit our Employment page at www.sage.edu)

A comprehensive and competitive employee benefits program is provided to all employees.

Health Insurance:

The College provides employee health insurance through The Sage Colleges Health Insurance Plan. This plan is an alternative funded insurance plan with a third party administrator, Capital District Physicans Health Plan.

            Eligibility:      Full Time Employment Status; First day of work.

Employee contributions to the health plan are based on salary level and type of coverage utilized.  Deductions are taken on a pre-tax basis.

Part-time continuing employees who are employed half-time or more may purchase insurance from The Sage Colleges.

Dental Insurance:

A voluntary dental plan is available.

Eligibility:      Full Time Employment Status; First of the month following hire date.

Medical & Dependent Care Tax Savings Program:

This savings program is available for employees with planned needs. Employees may establish a flexible spending account of pre-tax dollars annually to cover planned medical and dependent care expenses. Enrollment is conducted annually in accordance with IRS regulations.

Eligibility:      Full- and Part-Time Employment Status; First day of work.

Group Life Insurance:

The College provides life insurance at 2 times an employee’s salary up to $300,000. Accidental Death and Dismemberment is included in this protection plan.

Eligibility:      Full-Time Employment Status; First day of work.

Long Term Disability (LTD):

The College provides this income protection plan for an employee unable to perform their job after 180 days. The protection provides a disabled employee with 60% of the after tax salary and will pay retirement plan premiums. The College provides this benefit at no cost to full-time employees.

Eligibility:      Full time employment status; First day of work.

 

Travel Accident Insurance:

The College provides this protection for all employees who may be injured in the course of travel while performing their job. Coverage includes a dismemberment and death benefit.

Eligibility:      All employees receive this benefit at no cost; First day of work.

Retirement Plan:

A comprehensive retirement plan (403b) through Teachers Insurance and Annuity Association/College Retirement Equities Fund (TIAA/CREF) is available to employees after one year of employment and working at least 1,000 hours per year. New employees with existing TIAA/CREF contracts or other eligible plans may enroll immediately.

Joining the plan, a participant agrees to contribute 5% from base pay, before taxes OR contribute 2.5% from base pay, before taxes.

Supplement Retirement Annuity:

This savings plan is immediately available to employees working at least 1,000 hours. A loan provision is available in this plan. The amount an employee can contribute is based upon annual earnings and will be calculated by our Provider, TIAA-CREF, annually in accordance with IRS regulations.

Tuition Assistance:

Full-time employees:

            Employee: (effective 1/1/2013) Maximum of 6 credits or two classes per semester including summer sessions through the Sage College of Albany or Sage Graduate School.

Eligibility: For employee hired on or after 9/1/2012, must be on active payroll for 6 months, and remain on the payroll for six months after degree is received.

            Spouse or Qualifying Domestic Partner: (effective 1/1/2013) Maximum of 6 credits or two classes per semester including summer sessions through the Sage College of Albany or Sage Graduate School.

Eligibility: Employee hired on or after 9/1/2012, must be on active payroll for 12 months, and remain on the payroll for six months after spouse or qualifying domestic partner has received degree.

            Children: Full, undergraduate tuition waiver within The Sage Colleges

Eligibility: Employee hired after 9/1/2012, must be on active payroll for 12 months, and remain on the payroll for six months after a dependent has received a degree.

            For regular Part-time employees who work a minimum of 20 hours per week: Effective 1/1/2013, employees, spouse or qualifying domestic partner may take a maximum of 3 credits or one class per semester including summer sessions through the Sage College of Albany or Sage Graduate School.

                        Eligibility requirements, same as stated above for full-time employees.

Tuition Exchange: NOTE: Tuition Exchange is not a guarantee benefit. Sage participates in two national tuition exchanges, the Tuition Exchange and CIC Tuition Exchange. Both are non-profit organizations that offer full or partial scholarship to eligible children of employees. Applications are available from the Office of Student Financial Services. Acceptance into these aid programs is dependent on the host institution’s selection criteria and availability of exchange placements.

Employee Assistance Program

The Sage Employee Assistance Program (EAP) is designed to provide confidential, professional counseling for problems that may adversely affect an employee’s work or personal life. Services are a prepaid benefit of employment available to all employees and their immediate family.

Additional Benefits:  (Described in Employee Handbook)

Vacation          Credit Union                Personal Time             Direct Deposit             Employee Meal Plan

Sick Time        MetLife Whole Life Insurance              VSP Vision Care

Supplemental Life with Hartford         AFLAC Cancer * Disability Supplement * Accident Indemnity

CDTA             DiNapoli Opticians Corporate Discount Plan             EarQ Family Hearing Plan