Prospective Full-Time Employee

Full-Time Employee Benefits Summary

Pace University provides a competitive benefit program designed to offer:

Medical and dental insurance for preventive care or diagnostic and surgical procedures;
Financial security upon retirement;
Income protection in the event an employee is not actively at work, due to illness;
Programs and services that assist in balancing work and personal life;
Educational opportunities for the employee and eligible members of his/her family to pursue a degree at Pace or another higher education institution.

Medical Plans

Choice of 4 different plans through the CIGNA Open Access Plus Network. Choices include two in-network only plans and two POS plans. All plans do not require a referral and offer pharmacy and vision benefits
$750 Annual cash reimbursement if you waive medical coverage at Pace University.

Dental Plan

Choice of two plan options through CIGNA Dental (CIGNA Dental DHMO and CIGNA Dental PPO)
University contributes up to 50% towards the cost of individual coverage

Retirement

University contributes 9% of base salary with a 3% matching employee contribution
TIAA-CREF is the sole service provider for the 403(b) Retirement Plan
Immediate vesting with first contribution

Employee Assistance Program

Administered by CIGNA
Provides confidential access to up to 3 free counseling sessions and other life learning resources to employees and extended family members

Health and Dependent Child Care Flexible Spending Accounts

Provides reimbursement for out-of-pocket medical and dental and dependent child care expenses on a pre-tax basis
Healthcare annual maximum is $8,000, Dependent Child Care annual maximum is $5,000

Commuter Reimbursement Accounts

Provides mass transit reimbursement of up to $245 per month ($122.50 per paycheck) and parking reimbursement of up to $245 per month ($122.50 per paycheck) on a pre-tax basis.

Leaves

University provides for paid and unpaid leaves in order to meet your work/life needs

Life Insurance and AD&D

University pays for basic coverage (1X salary up to $100,000)
Employee has option to purchase additional coverage for self (1X, 2X or 3X salary up to $750,000 total including basic) and for dependents (up to $10,000 for a spouse or $5,000 for eligible children)

Short-Term Disability (STD)

University pays full cost
Full salary and benefits continuation after one year of full time service for a maximum of 26 weeks

Long-Term Disability (LTD)

Workers’ Compensation

University pays full premium
Salary and benefits continuation as defined above in Short-Term Disability (STD)

Long Term Care Insurance

Voluntary benefit through UNUM Provident available to employees, their spouse/domestic partner, children, parents, and in-laws
Medical questionnaire for certain long term care plans is waived for employee only during the first 31 days as a full time new hire
Portable upon separation from the University

Tuition

Up to 100% on-campus remission for employee, spouse/domestic partner and dependent children under age 24 (24 to 30 receive 50%); Up to 50% on-campus remission or Law School, eMBA, Masters in Finance for Professionals, and all doctoral programs (children from 24 to 30 receive 25%).
Employee off-campus tuition benefit for job related graduate programs not offered at Pace, maximum annual benefit is $1,000 for a public institution and $1,500 for a private institution, benefit has maximum duration of 3 years
Off-campus undergraduate tuition for dependents up to age 24, $300 per semester, $2,400 max per child
University participates in two Tuition Exchange Programs
Employee can voluntarily contribute to New York College Savings Program

Vacation Days and Personal Days

Up to a maximum of 22 vacation days, per fiscal year, depending upon position level
Up to a maximum of 3 personal days, per calendar year

Holidays

Up to 15 paid holidays, including the break from Christmas Eve through New Year’s Day, per calendar year

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