Millikin University offers the following benefits to full-time employees:
The University offers a group major medical plan which includes a hospital-based Preferred Provider Organization (PPO). Coverage becomes effective the first of the month following one month of full-time employment. (Part-time employees who work an average of 30 hours per week may also be eligible.)
The University's dental plan provides coverage for preventative services, minor restorative services, major services and orthodontics. Coverage becomes effective the first of the month following one month of full-time employment.
Flexible Benefit Plan
Under section 125 of the IRS Code, MU employees are allowed to set aside before-tax dollars in a reimbursement account not subject to social security, federal, or state taxes. From this account, employees may pay for medical and dental insurance premiums, health and dental expenses not covered by insurance, depended childcare expenses and dependant eldercare expenses.
The University provides life insurance equal to $50,000. Coverage becomes effective the first of the month following one month of full-time employment. The premium is paid in full by the University. The University also offers supplemental life insurance, which allows employees to purchase additional insurance for themselves and their dependents.
Long Term Disability Insurance
The plan pays 60% of your base salary up to a maximum benefit of $8,000 per month. This plan is paid in full by the University. Coverage becomes effective the first of the month following one month of full-time employment.
Defined Contribution Retirement Plan
The University-sponsored retirement plan is with TIAA-CREF. Initial participation in Millikin's retirement plan is voluntary; however, participation becomes mandatory for full-time employees after six years of employment. After one year of eligible service, the University will contribute 5% of the employee's base annual salary, when the employee contributes 5%. (Part-time employees who work at least 1000 hours per year may also be eligible.)
The University provides a tax-efficient way to supplement retirement savings by offering a tax-deferred annuity. Generally, all employees are eligible to participate and may begin participating at any time, up to the IRS limits.
The University provides sick days up to the maximum allowance (130 days/non-exempt and 120 days/exempt) as well as vacation days based on your employment classifiction.
The University provides personal leave based on your employment classification. Please refer to your employee handbook. The handbook can be accessed from this web site.
The University provides the following paid holidays: New Years Day, Martin Luther King Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the following Friday, Christmas Eve, Christmas Day and one floating holiday per year.
After one year of full time service, Millikin grants full courtesy tuition waivers to full-time employees, their spouses and dependent children. Through Millikin's participation in collegiate exchange programs, dependent children may attend select colleges in addition to Millikin with no tuition if certain conditions are met.
All MU Employees receive vision discounts with select local providers. Please see Human Resources for names of providers.
Employees receive complimentary passes to regular season Millikin athletic events; access to tennis courts, weight room, and all-weather track and field complex; discounts on membership at the Decatur Indoor Sports Center (DISC), selected performances at the Kirkland Fine Arts Center, as well as several dining service locations throughout campus. In addition, all employees have access to an Employee Assistance Program (EAP) and the Staley Library.