Benefits
Central College employees who are employed half-time or more are eligible for benefits. Employees who work less than 2,080 hours per year will have their benefits prorated.Holidays
The college is closed New Year’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Thursday and Friday, and two days for Christmas.
PTO
Central College believes that employees should have opportunities to enjoy time away from work to help balance their lives. Central recognizes that employees have diverse needs for time off from work; therefore the college has established a Paid Time Off (PTO) Program to meet those needs. All regular full-time and majority-time employees scheduled to work 1,000 hours or 50% FTE or more per year are eligible for PTO. Eligible employees are provided PTO hours based on their job classification and years of service.
Direct Deposit
As a condition of employment, as allowed by Iowa Code Section 91A.3(3) and 91A.6, all payroll checks from Central College will be deposited directly into your checking and/or savings account.
Tuition Reduction
Employees are immediately eligible for tuition reduction to take up to 10 course credits per year. After two years dependents and spouse are also eligible for tuition for one degree. Employees who are less than full-time are prorated.
Tuition Exchange
Full-time employees-dependent children are eligible to participate in the Tuition Exchange Scholarship program available at participating institutions across the United States.
Retirement Fund
After one year of service the college contributes three percent of wages/salary to the TIAA-CREF retirement fund. The contribution increases one percent each year to a maximum of ten percent.
Supplemental Retirement Fund
Upon hire/appointment employees are able to make contributions through payroll deduction that may be tax deferred to a TIAA-CREF Supplemental Retirement Account.
Term Life Insurance
Upon hire/appointment basic coverage, double accidental death and dismemberment coverage is paid for by the college in the amount of employee’s annual salary/wages (minimum $8,000 and maximum $50,000).
Optional Term Life Insurance
Additional coverage is available at the employee’s expense through payroll deduction.
Short Term Disability Insurance
Upon hire/appointment coverage is paid for by the college. All regular full-time and majority-time employees scheduled to work 1,000 hours, 50% FTE or more per year are eligible for salary continuation when absent from work for more than 5 consecutive work days or 7 consecutive days, whichever comes first. The college will then continue the employee's salary based on the following:
Long Term Disability Insurance
Upon hire/appointment coverage is paid for by the college. If you are unable to work after three months of being disabled, this plan may provide up to 60% of your salary.
Health Insurance
The first of the following month following hire/appointment, employees are eligible for health insurance coverage. The college and the employee share the cost of health insurance and the employee share is paid through payroll deduction.
Flexible Spending Plan
Open enrollment period is each December for the following calendar year. You make voluntary contributions to a spending account through payroll deduction that may be tax free for health, dental, vision and dependent care expenses. This plan also allows your health and voluntary dental insurance premiums to be pretax.
If you have questions regarding benefits, you may call 641-628-5199 or 641-628-7681 or e-mail: hanings@central.edu.
