Benefits
Benefits
Human Resources
Salve Regina offers generous benefits to eligible employees, including health and dental coverage, life insurance, long-term disability, 403(b) plans and tuition benefits. For more detailed information, call the Office of Human Resources at (401) 341-2332.
Paid Leave Benefits
Full-time staff members enjoy the following paid time off per year: 11 holidays, one floating holiday, two+ president's days, two personal days, up to 12 sick days and liberal time for vacation.
Health Care
Employees regularly working a minimum of 30 hours per week are eligible for a comprehensive health care plan. Staff and faculty are eligible on the first day of the month following the date of hire. Employees may elect individual, individual-plus-one or family coverage. The cost is a fixed amount determined annually by the University.
Dental
Eligibility is the same as health care and individual, individual-plus-one or family coverage is available. The cost is a fixed amount determined annually by the University.
Vision
Employees working a minimum of 20 hours per week may purchase, on a pre-tax basis, vision insurance coverage administered through Delta Dental of Rhode Island's DeltaVision alliance. Employees can enjoy the network and benefits of VSP with the convenience of administration by Delta Dental of Rhode Island. Employees are eligible on the first day of the month following the date of hire.
Group Life
After a three-month waiting period, employees working a minimum of 30 hours per week are provided with insurance coverage equal to $50,000 (reduced to 65 percent at age 65 and 50 percent at age 70). Optional supplemental and dependent life plans are also available.
Long-Term Disability
After a one-year waiting period, employees working a minimum of 30 hours per week are provided disability coverage equal to 60 percent of covered monthly salary, up to a maximum of $10,000 per month.
Retirement Plan
After a one-year waiting period, employees working a minimum of 1,000 hours per year are eligible for a 403(b) plan through TIAA. The University contributes 7% of an employee’s base compensation to the plan. In addition, eligible employees who contribute at least 1% receive an additional 1% employer matching contribution.
Supplemental Retirement Plan
Available to employees working a minimum of 1,000 hours per year, this plan allows for employees to make their own voluntary pre-tax contributions or after-tax, Roth contributions to a retirement plan. New employees hired on or after Jan. 1, 2024, will automatically be enrolled in the retirement plan at 3% of their salary as of the first of the month following or coinciding with 90 days of employment. Employees have 90 days from their date of hire to enroll themselves at another percent or to opt out. If you are automatically enrolled:
- Your contributions will be invested in the target date fund closest to your projected date of retirement,
- Your beneficiary will be set to “Estate,”
- Your contributions will increase by 1% on February 1 each year until a maximum contribution rate of 10% is reached.
Employees may update their investment funds and beneficiary information at www.TIAA.org/salve.
Tuition Benefits
After a three-month waiting period, full- and part-time employees who work at least 1,000 hours per calendar year are eligible for tuition benefits (two courses during the fall and spring semesters and two courses during the summer). After two years of continuous employment of at least 1,000 hours per year, a 50% tuition benefit may be applied to costs of undergraduate courses for a dependent qualifying child or for a spouse. The benefit increases to 100% after three years of continuous employment of at least 1,000 hours per year.
Tuition Exchange Program
The program allows qualified dependents of staff and faculty members with three years of full-time service to participate in full scholarships for their dependent children at other TEP colleges and universities around the country.
SAVI (Student Loan Forgiveness Assistance Program)
Employees have access to a robust solution that helps find the best federal repayment and forgiveness programs for their financial situation. Brought to you through TIAA and Savi, this tool not only helps strengthen your financial footing in the short-term, it also positions you for student loan forgiveness. At no cost, Savi helps cap your payment based on your income and family size, free up funds to direct towards other financial goals, remove the complexities of forgiveness and puts the process on auto-pilot.
Employee Assistance Plan
The University provides a confidential assessment and referral service to all regular employees. It is accessed through a toll-free number, (800) 445-1195, and can assist with calls concerning marital/family problems, alcohol/drug dependency, legal/financial problems, emotional distress, relationship issues and more.
Flexible Spending Plan
The dependent care reimbursement plan allows employees to obtain reimbursement for qualified expenses related to the care of a child under 12, the elderly or incapacitated dependents. Employees may tax shelter up to $5,000 per year. The medical care reimbursement plan allows unreimbursed medical expenses such as copays, eyeglasses, and deductibles to be paid with tax-free dollars. For 2024, employees can tax shelter up to $3,200.
Supplemental Insurance
Employees working a minimum of 20 hours per week may purchase, on a pre-tax basis, supplemental cancer, critical care, hospital and/or personal accident insurance. Employees are eligible on the first day of the month following 30 days of employment.
Long-Term Care
Employees may voluntarily purchase long-term care insurance at discount rates. For a personal meeting, call Paul Isenberg, long-term care professional and registered health underwriter, at (401) 515-6058.
529 Plan: CollegeBound Saver
Username: salveregina
Password: salveregina529
The tax-advantaged 529 college savings program is available to anyone who wants to save for higher education. Payroll direct deposit and several investment options are available. Account earnings are tax-free and distributions for qualified education expenses are currently federal and R.I. state income tax free.
Self-Service Relocation Assistance
Sterling Lexicon provides all newly hired employees with access to a self-service relocation assistance portal. Features and benefits include, but are not limited to: scheduling a free virtual move survey, pricing quotes from various moving companies, move checklist and helpful tips and recommendations. To access the portal, visit the Sterling Lexicon website and complete the registration.
Pet Insurance with ASPCA
Employees can receive discounts on pet insurance and customize a quote to fit their pet’s unique needs. Accident-only coverage and preventative care coverage is also available as an add on. You're free to visit any vet, specialist or emergency clinic you want and you can choose to receive reimbursements by direct deposit or mail.