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INSURANCE:  The University’s insurance plans are provided under the Employees Retirement System of Texas Group Benefit Program.  Available coverage includes medical, dental, term life insurance, accidental death and dismemberment insurance, disability insurance, long term care and flexible spending accounts. PROCEDURES

RETIREMENT AND SAVINGS PLANS: Texas Woman’s University provides for a 401(a) defined benefit program or a 403(b) defined contribution plan.  Eligibility to participate is based on employment type. The 401(a) is administered by the Teacher Retirement System of Texas.  Employee contributions are 6.4% of gross salary.  Benefits are based on years of service, salary and age. The 403(b) program is administered under TWU’s plan document.  This program has a 6.65% employee contribution and a 6.0% employer contribution.  Deferrals are made under a salary reduction agreement and benefits are paid based on personal investment performance.  In addition to your retirement plan, you can contribute to a voluntary 403(b) tax deferred account or a 457(b) deferred compensation plan.  Both plans allow you to tax shelter a portion of your income through investment vehicles.  These programs are defined by the Internal Revenue Service and are administered by Texas Woman’s University (403) and the Employees Retirement System (457). PROCEDURES

LEAVE/TIME OFF:  Texas Woman’s University generally allows between 12 and 15 days off for specified holidays.  In addition, you may be eligible to take time off to observe unspecified holidays with prior departmental approval.  Full time salaried employees will also earn 8 hours of sick leave per calendar month. Vacation accruals for staff members are based on longevity and range from 8 to 21 hours per month. TWU also provides FMLA coverage for eligible employees. PROCEDURES

WORKERS’ COMPENSATION: All employees of the University are automatically covered by Workers' Compensation Insurance without cost to the employee. This insurance coverage is administered by the State Employees Workers' Compensation Division of the State Office of Risk Management (SORM). PROCEDURES

EMPLOYEES ASSISTANCE PROGRAM: This program provides valuable services at no cost to employees and their families.  These services include short-term counseling, legal and financial consultations and work/life resources.  The EAP is administered through Alliance Work Partners. PROCEDURES

page last updated 7/16/2014 11:08 AM