Postdoc Benefits at Auburn University



Postdoc Benefits at Auburn UniversityBenefitBefore October 1, 2019Effective October 1, 2019 Mandatory RetirementPostdocs were required to contribute a percentage of their salary (in most cases, 6 percent) to the Teachers’ Retirement System (TRS). Additional informationCHANGES: New and current postdocs will no longer contribute to TRS. Postdocs who are currently at Auburn and have previously contributed to TRS will have the option of keeping their current contributions in TRS, or having them refunded. If the Postdoc is later hired in an eligible position, he or she may, upon completion of two years of full-time participating membership, purchase the previously refunded account.Voluntary Retirement 403(b) and 457(b)Postdocs had the option of participating in Auburn University’s voluntary retirement plans and, when applicable, were eligible to receive the University match. Additional informationNO CHANGES: Postdocs still have the option of participating in the University’s voluntary retirement plans and, when applicable, still receive the University match.Leave Accrual (Paid Time Off)Most postdocs received 13.34 hours of annual leave per month, in addition to sick leave. CHANGES: 12-month Postdocs will receive eight hours of paid time off per monthly pay period for combined annual leave and sick leave. (96 hours annually)9-month Postdocs will receive four hours of paid time off per semimonthly pay period for combined annual leave and sick leave. (72 hours annually)Postdocs are eligible for AU holiday pay.Summer assignments of .50 full-time equivalent (FTE) or more will accrue paid time off per pay period based on the assignment’s FTE.On Oct. 3, leave balances for current Postdocs will transfer to their paid-time off bank.The maximum amount of paid time off that can be carried over each year is 192 hours.Postdocs will be eligible to be paid for up to 173.3 hours of paid time off at termination of employment.Health insuranceFull-time Postdocs could elect to enroll in health insurance through Auburn University’s existing employee-group health plan. Links to additional informationNO CHANGES: Full-time Postdocs can still elect to enroll in health insurance through the University’s existing employee group plan. *Other voluntary insurancesFull-time Postdocs could elect to enroll in dental, vision, cancer, critical care, supplemental life, and supplemental long-term disability insurances from the University’s respective providers. Links to additional informationCHANGES: Full-time Postdocs can still elect to enroll in these insurance plans through the University’s providers. *However, Postdocs will no longer be eligible for the following benefits:Employer-paid, long-term disability insuranceEmployer-paid, salary continuation plan/short-term disabilityEmployer-paid life Insurance Flexible Spending Account (FSA)Postdocs could choose to participate in the Flexible Spending Account (FSA) for medical and dependent care. Additional informationNO CHANGES: Postdocs can still choose to participate in the FSA for medical and dependent care. Employee Education/Dependent Education BenefitsPostdocs can enroll for Employee Education Benefits, including dependent benefits. Additional informationNO CHANGES: Postdocs can still take advantage of Employee Education Benefits. Additional BenefitsPostdocs were eligible for the following benefits and programs:Membership in the Auburn University Federal Credit UnionA 10 percent discount with the AU BookstoreDozens of other discounts through Tiger Perks, the University’s official employee discount program.NO CHANGES: Postdocs will continue to be eligible for these benefits and programs. * Current Postdocs will have the opportunity to enroll in or change their benefits from Sept. 2-13, 2019. These elections and/or changes would become effective on Oct. 1, 2019 ................
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