Lourdes University

Benefits Summary

Lourdes University is proud to provide all employees with a competitive salary and comprehensive benefits package.  Part-time employees working a minimum number of hours per week are also eligible for a number of benefits as well.

 

Health Insurance – Medical Mutual of Ohio

  • Eligibility: all regular full-time and regular part-time employees, enrolled the first of the month following date of hire.
  • Cost: full-time employees pay approximately 20-25% of the premium and Lourdes University pays the remaining premium.  Part-time employees pay a greater portion of the premium based on the number of hours scheduled to work.
  • Benefit: Four options available, including two $500 PPO Plans and two High Deductible Health Plans with employer HSA contribution.  All four plans include dental, vision and prescription drug coverage.

 

Life Insurance – Sun Life

  • Eligibility: all regular full-time employees and regular part-time employees working at least 15 hours per week.  Enrolled the first of the month following date of hire.
  • Cost: entire premium is paid for by Lourdes University.
  • Benefit: approximately two times basic annual earnings for full-time employees and $5,000 for part-time employees.

 

Short Term and Long Term Disability Insurance – Sun Life

  • Eligibility: all regular full-time employees only, enrolled the first of the month following one year of full-time service.
  • Cost: entire premium is paid for by Lourdes University.
  • Benefit: STD 60% income replacement following 14 calendar day elimination period for a maximum of 26 weeks.  LTD 50% income replacement following expiration of STD.

 

Pension Plan – Lincoln Financial Group

  • Eligibility: all regular full-time and regular part-time employees.
  • Cost: benefit is funded jointly by Lourdes University and employee (if elected).
  • Benefit:  defined contribution plan with 1% Lourdes University “basic” contribution and employer match of 50% on the first 6% employee contribution.  Immediate vesting of employer matching contribution and 3 year vesting of employer basic contribution.

 

Paid Time Off (PTO)

  • Eligibility: all regular twelve month full-time and regular part-time employees.
  • Benefit: level of benefit determined by schedule based on position level and years of service.  Benefit is pro-rated during initial year of employment.  Part-time employees working a minimum of 20 hours per week earn a pro-rated benefit amount.

 

Sick Days

  • Eligibility: all regular twelve month full-time and regular part-time employees and certain other employees working at least nine months per year.
  • Benefit: employees earn one day of sick time per month of service up to a maximum of 20 days.  Benefit is pro-rated for less than twelve month employees.

 

Holidays

  • Eligibility: all regular full-time and regular part-time employees.
  • Benefit: Lourdes University recognizes eleven holidays throughout the year and employees are given these days off with pay provided it is a scheduled work day.  The President of the institution may grant additional days at their discretion.

 

Tuition Waiver – Lourdes University

  • Eligibility: all regular full-time and regular part-time employees and their eligible dependents the semester following date of hire.
  • Cost: tuition and most fees waived for full-time employees, and 90% waiver of tuition only (fees not waived) for spouse and eligible dependents of full-time employees.  A reduced benefit is available to part-time employees and their eligible dependents.
  • Benefit: applies to undergraduate courses only.

 

Tuition Exchange – Council of Independent Colleges (CIC), Catholic College Cooperative Tuition Exchange (CCCTE), Tuition Exchange (TE) with limited participation.

  • Eligibility: regular full-time employees and their dependents.
  • Benefit: may apply for a tuition waiver at any participating institution.  Programs and institutions have their own rules on regarding granting of waivers.  For more details please see the programs websites at:  www.cic.org, www.cccte.org, tuitionexchange.org.

Lourdes University also offers a number of other non-contributory benefits for employees to participate in.  Participating employees make the full contribution or pay the full premium.  These benefits include the following:

 

Flexible Spending Accounts

Supplemental Benefits – optional life insurance and long term disability buy-up coverage.