Medical benefits are effective the first day of the month after 30 days of employment.
Completed benefit forms should be returned to the Office of Human Resources before the coverage effective date.
Part-time employees may be eligible to contribute to the retirement plan funded through TIAA, education tuition waivers and other benefits (see Employee Handbook for details).
Full-time non-academic employees are allocated annual vacation, sick and personal time based on the University's fiscal year (July 1 - June 30). The first year's allocation will be prorated based on service time. Thereafter, the annual allocation is based on years of service and/or employee category (see Employee Handbook for details). The staff employee is not allowed to use vacation days or personal days until successful completion of their three month introductory probation. All vacation and personal time allocations must be used by the end of the fiscal year (June 30).
A maximum of fifteen (15) credits per calendar year, not to exceed two regular courses in any one semester or term.
There are two types of eligibility: 1) Employee Pre-Tax (non-matching) – employees are immediately eligible unless they are primarily a student 2) Employer Match/Employee Pre-Tax Match – employees become eligible after meeting the age and service requirements, unless they fall into an excluded ineligible category (see Summary Plan Description for details). The one year waiting period is waived for the Match part of the plan if the eligible employee is at least age 25 and has ownership of an existing retirement account sponsored by a prior employer issued in accordance with code sections 403(b) or 401(k). The retirement plan is voluntary and immediately vested.
For most people, the maximum annual contribution allowed in the retirement plan for 2020 is $19,500 for those under age 50 and $26,000 for those age 50 and older. Visit the IRS website for plan limit information updates.
The forms that require completion are the TIAA enrollment application form and the salary reduction agreement form. Contact Human Resources for enrollment instructions.
All address changes must be communicated to the Office of Human Resources.
Once the employee's Banner ID is generated, the department requests the employee's username/email account from the Office of Human Resources. Once the username/email account is created, the employee 1) reports to the Help Desk for final activation and user password, 2) may obtain the employee ID at the Student Service Center - Engineering Building E109. The Department must request the employee's long distance authorization code from the Office of Human Resources.
Questions? Email hr@ltu.edu.
Limitations
Lawrence Tech in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents. Although the university has elected to provide these benefits this year, no individual has a vested right to any of the benefits provided. Nothing in these materials gives any individual the right to continued benefits beyond the time the university modifies, amends, or terminates the benefit. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the benefits programs and the university's right to modify, amend or terminate them.
Every effort has been made to ensure the accuracy of the benefits information in this site. However, if any provision on the benefits plans is unclear or ambiguous, the Office of Human Resources reserves the right to interpret the plan and resolve the problem. If any inconsistency exists between this site and the written plans or contracts, the actual provisions of each benefit plan will govern. Lawrence Tech in its sole discretion may modify, amend, or terminate the benefits provided with respect to any individual receiving benefits, including active employees, retirees, and their dependents.