IU’s Total Compensation Statements
Many factors contribute to the compensation package employees receive at Indiana
University. IU’s compensation package includes various benefits in addition to
base salary. In August 2008, full-time Academic and Staff employees will receive
Total Compensation Statements highlighting the estimated annualized value of the
base salary and benefits associated with their employment at IU in fiscal year
2008/2009.
Specifically, the statement will include the following applicable IU-provided
compensation:
·
Base salary
·
Social Security
·
IU Retirement Plan or PERF retirement
·
Medicare
·
Medical coverage
·
Dental coverage
·
Life insurance
·
Fee Courtesy (subsidized IU tuition)
·
Holidays
·
Time off
·
Tobacco-free wellness HRA
Voluntary benefits such as supplemental life, tax saver benefit, and tax
deferred supplemental retirement plans will also be displayed.
Summary of Paid Time Off for Staff
Employees
All Staff
All Staff employees receive nine paid holidays a year. Each holiday is
considered to be eight hours for full-time Staff; part-time Staff earn a
prorated amount.
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• New Year's Day
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• Memorial Day
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• Thanksgiving Day
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• Martin Luther King Jr. Day
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• Independence Day
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• Friday after Thanksgiving
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• Campus Holiday*
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• Labor Day
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• Christmas Day
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*Accrues on March 1 of each year. The Campus
Holiday is either a “floating” holiday or a day designated by the president of
the university or the chancellor of the campus.
On campuses that treat the holiday as a floating holiday, Campus Holiday is
available to use on or after March 1.
When it is necessary for a Support and Service Staff to work on a holiday, it is
typically at the discretion of the department as to whether the employee
receives either additional pay or time off. Refer to the specific employee
Holiday policy for the correct procedure. Professional Staff who work on a
holiday receive equivalent time off.
Eligible employees receive terminal pay for certain unused holidays when
separating from the university.
Professional Staff
PTO Plan
The following table shows the amount of paid time off (PTO) that full-time
Professional Staff accrue each month. Part-time Staff earn a prorated amount.
PTO is not accrued during any period of absent without pay.
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University service
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PTO per month
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Annual accrual
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Up to the first 60 months
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20 hours
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240 hours (30 days)
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On and after 60 months
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24 hours
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288 hours (36 days)
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Below are general rules about PTO. See the policy for additional rules and
details.
·
PTO benefits are used for vacation, sick leave,
funerals, personal business, and other absences from work.
·
PTO is earned at the end of the last workday of
the month and is available to use on the next workday.
·
PAE Staff must record PTO in full-day increments
unless using it to cover a reduced workday under an FMLA or Worker’s
Compensation covered absence;
·
PAO and PAU Staff must record PTO on the basis of
the exact time taken to cover an absence from work.
·
The maximum of PTO that can be used in a year is
the amount earned from January 1 to December 31 of each year.
·
At the end of each year, employees may allocate
up to a maximum of 96 hours (12 days) of unused PTO to a sick leave account.
Part-time employees may allocate a portion of this amount.
o
There is no limit on the total amount of time an
employee may have in her/his sick leave account.
o
Staff may use time from their sick leave account to
cover personal or family illness, medical appointments, and funeral attendance.
·
At the end of each year, unused PTO that is not
converted to a sick leave account is carried over to the next year. The maximum
amount of PTO that can be carried over to the next year is the amount earned in
one year.
·
All accumulated PTO is paid at time of separation
from the university.
·
Other paid time off is granted for specific
purposes such as military leave, court duty, voting, adverse weather, adverse
working conditions, and injury on-the-job.
Support and Service Staff
The following table shows the amount of Vacation and Income Protection time that
full-time Support and Service Staff accrue each biweekly pay period. Part-time
Staff earn a prorated amount. Vacation and Income Protection time are not
accrued during any period of absent without pay.
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University service
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Vacation per
biweekly period
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Income Protection per biweekly period
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Total annual accrual
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From 0 to end of 6th year
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4.31 hours
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3.7 hours
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208.2 hours
(26 days)
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Start of 7th to end of 13th year
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5.85 hours
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3.7 hours
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248.2 hours
(31 days)
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Start of 14th to end of 29th year
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7.39 hours
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3.7 hours
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288.2 hours
(36 days)
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Start of 30th and beyond
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8.92 hours
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3.7 hours
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328.2 hours
(41 days)
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Vacation Plan
Below are general rules about Vacation time. See the policy for additional rules
and details.
·
Vacation benefits are used for vacation, personal
time away from work, and absences such as adverse weather, class attendance, and
family medical leave.
·
Additional paid time off is granted for specific
purposes such as funerals, military leave, court duty, voting, and injury
on-the-job.
·
Unused Vacation hours accumulate from year to
year.
·
Maximum Vacation hours that can be used in a
year:
o
From 0 to end of 13 years of service: 304 Vacation hours
o
Beginning of 14 years of service and beyond: 784
Vacation hours
·
Accumulated Vacation is paid at time of
separation up to maximums based on length of service.
Income Protection (Sick Time) Plan
See the Income Protection policy for a complete list of absences for which
employees may use Income Protection time. Some examples include personal or
family illness, medical appointments, class attendance, etc.
Some rules about using and accruing Income Protection time are:
·
Supervisors may request verification of need for
time off or an emergency.
·
Accruals accumulate from year to year.
·
A percentage of accumulated Income Protection
time is paid to those who separate from the university with IU Retiree status.
Other Important Links
Academic Policies -
http://faa.iupui.edu/resources.asp?unit=FAA&subgroup=Academic%20Policies
University Retirement Plans -
http://www.indiana.edu/~uhrs/benefits/retirement.html
Orientation for New Faculty -
http://www.hra.iupui.edu/facultyorientation.asp
Academic Benefit Plans -
http://faa.iupui.edu/common/uploads/library/FAA/appd864781.htm
Academic Vacation Time -
http://faa.iupui.edu/common/uploads/library/FAA/appd499416.doc
Community Cultural Links :
http://faa.iupui.edu/common/uploads/library/FAA/APPD3224.htm
Orientation for New Staff -
http://www.hra.iupui.edu/orientation.asp
Staff Benefit Plans -
http://www.indiana.edu/~uhrs/benefits/
IU Medical & Dental Plan Booklets -
www.indiana.edu/~uhrs/benefits/plan_booklets.html
Appointed Staff Policy Manual -
http://www.hra.iupui.edu/Policy_Manual/index.html
Hourly Staff Policy Manual -
http://www.indiana.edu/~uhrs/policies/hourly/
IU Fee Courtesy Benefit -
http://www.hra.iupui.edu/feecourtesydefault.asp
IU Holiday Schedule -
http://www.hra.iupui.edu/holiday.asp
IU Parking & Transportation Services -
https://www.parking.iupui.edu/home.do