IAIA - Institute of American Indian Arts

Benefits

Medical Insurance:

  • IAIA currently pays 85% of the employee premium.
  • We currently offer an HMO through Lovelace Health Plan.
  • The current co-pays for this plan are $30 per visit to your primary care doctor, $40 per visit to any specialist.
  • Health coverage becomes available for regular, full-time employees the first of the next month after 30 days of employment.
  • The current 2010 employee premium (15%) is $55.50 per month.
  • Spouse and dependent coverage are available and offered at the full cost of the premium.

Dental Insurance:

  • Currently IAIA pays 100% of the employee premium.
  • We offer Delta Dental Advantage Plan.
  • Preventative and basic services are covered at 100%.
  • Dental coverage becomes available for regular, full-time employees the first of the next month after 90 days of employment.
  • Spouse and dependent coverage are offered at the full cost of the premium.

Vision Insurance:

  • Currently IAIA pays 100% of the employee premium.
  • We offer VSP (Vision Service Plan).
  • Vision coverage becomes available for regular, full-time employees after 30 days of employment.
  • Spouse and dependent coverage are offered at the full cost of the premium.

Term Life Insurance:

  • Currently IAIA pays 100% of employee premium.
  • Our carrier is Hartford Insurance Company.
  • The benefit is $50,000 up to age 65, reduced to $32,500 at age 65 and again to $25,000 at age 70.
  • Life Insurance coverage becomes available the first of next month after 30 days of employment.
  • Currently a $5,000 dependent benefit is available at full premium cost for spouse and dependent coverage.

Long Term Disability (LTD) and Short Term Disability (STD):

  • Currently IAIA pays 100% of the employee premium.
  • LTD and STD are available through the Hartford Insurance Company.
  • No spouse or dependent coverage is available.

403(b) Retirement Plan:

  • Regular full-time employees (staff/faculty) are eligible to participate from the first day of employment in the 403(b) plan.
  • IAIA contributes 4% of employee’s salary after 6 months of continuous employment.
  • Additionally, IAIA will match the first 2% of an employee’s voluntary/individual contribution after 6 months of continuous employment.
  • Our 403(b) plan is through AIG VALIC.
  • Our 403(b) plans accepts rollovers from most 403(b) and 401(k) plans.

Sick Leave:

  • Currently regular full-time employees earn approximately 3.69 per pay period or 11 days per year.
  • Sick leave may be used after 30 days of employment.
  • Sick leave is available on a prorated basis to regular part-time staff hired to less than forty (40) hours per week but at least thirty (30) hours per week.
  • Sick leave is not compensable upon separation from IAIA.

Vacation Leave:

  • Regular full-time employees earn three weeks (15 days) of paid vacation leave per year.
  • Beginning on the 6th year of employment, the amount of vacation leave increases to 4 weeks (20 days) of paid vacation leave.
  • Vacation leave is available on a prorated basis to regular part-time staff hired to less than forty (40) hours per week but at least thirty (30) hours per week.
  • Vacation hours in excess of one hundred sixty (160) hours will not be carried over if not used by January 15.
  • Vacation leave (as allowable) is compensable upon separation from IAIA.

Holidays:

  • Currently IAIA recognizes ten paid holidays per year.

Fitness and Wellness:

  • All regular full-time faculty and staff are eligible for reimbursement for membership in gyms, fitness centers or a series of classes in exercise or yoga.
  • Reimbursement is for a maximum of $150.00 each fiscal year (October 1 – September 30).
  • IAIA operates a fitness and wellness center on campus.

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