Faculty Handbook - Fairmont State University
Faculty Handbook - Fairmont State University
Faculty Handbook - Fairmont State University
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2 days of accrued leave = 100% of the premium for one month of single coverage<br />
3 days of accrued leave = 100% of the premium for one month of family coverage<br />
51<br />
After July 1, 1988<br />
If you came into a PEIA health or life plan after July 1, 1988, or if you have had a lapse of coverage<br />
since then, only 50% of the premium in the Shopper’s Guide chart will be paid for you, and you will<br />
be responsible for paying the balance each month.<br />
Your days convert as follows with no partial credit:<br />
2 days of accrued leave = 50% of the premium for one month of single coverage<br />
3 days of accrued leave = 50% of the premium for one month of family coverage<br />
Twelve Month <strong>Faculty</strong> hired July 1, 2001 and thereafter, are not eligible to use leave accrued for a<br />
premium credit benefit.<br />
Employees hired on or after July 1, 2010 will pay the full PEIA health premium at retirement with no<br />
subsidy from active employers or employees. Two classes of employees are exempt. See the Shoppers<br />
Guide or call Beneifts Office for more information.<br />
Expiration of PEIA Credit:<br />
Retirees will be billed for the health insurance premium based on years of service after their credit<br />
expires. See the PEIA Shopper’s Guide for retiree health, dependent and optional life premiums.<br />
Surviving Dependent Rights<br />
If the policyholder dies, the accrued sick leave benefit terminates. The surviving dependent may<br />
continue health coverage, but will pay the full premium.<br />
All plan rules and regulations are subject to change. Please visit the Human Resources<br />
Benefits web site for links to various vendors.<br />
Additional Information:<br />
Annual Employee Benefits and Health Fair<br />
The Benefits Health Fair offers health screenings, wellness and benefit plan information. The Fair is<br />
held each April during the PEIA Open Enrollment period.<br />
Arrears Pay<br />
New hires will be paid two weeks in arrears. Employees hired on August 15 will receive their first<br />
pay September 15.<br />
Pay dates are the 15 and 30 or 16 and 31 of each month. Pay stubs are available on line.<br />
Direct Deposit of your FS pay is required for new employees. Deposits to checking, savings, and<br />
credit union accounts are available.<br />
Pre-Tax Parking Deduction saves taxes on FICA, Federal and WV state tax.<br />
Picture Identification Cards are issued to employees for access to the Library, parking garage,<br />
sporting and other events.