Academic & Administrative Faculty Benefits at a Glance
Welcome to the University of Nevada, Reno. The following information is a summary of the benefits you are entitled to as an employee. In the event of any difference between the terms of this summary document and the plan or governance documents, the terms of the plan or governance documents will prevail.
Group health insurance
Coverage begins on the first day of the first full month of employment. Enrollment must take place within 15 days of start date.
Employee coverage includes:
- $15,000 Term Life Insurance
- Medical
- Dental
- Vision (limited)
- Travel policies
Dependent coverage includes:
- Medical
- Dental
- Vision (limited)
- Travel insurance
The University offers both a Consumer Driven Health Plan (CDHP - PPO) with a lower monthly cost and a deductible; and a Premier Plan (EPO) with a higher monthly cost with no deductible.
|
Consumer Driven Health Plan (PPO) |
Low Deductible Plan (LD) |
Premier Plan (EPO) |
|
|
Employee Only |
$46.96 |
$68.14 |
$161.00 |
|
Employee + Spouse/Domestic Partner |
$251.00 |
$293.36 |
$479.10 |
|
Employee + Child(ren) |
$123.46 |
$152.60 |
$280.30 |
|
Employee + Family |
$327.52 |
$377.82 |
$598.40 |
Mandatory retirement plans
Classified employees who have been hired into a permanent position are required to participate in the Public Employees’ Retirement System (PERS) of Nevada.
Administrative and academic faculty who are hired on an “A” or “B” contract of at least 50% are provided with a defined contribution 401(a) retirement plan commencing on their date of hire.
Faculty who are State of Nevada PERS (Public Employees’ Retirement System) participants must continue to participate in PERS. Additional information regarding PERS is available at www.nvpers.org/ or by telephone at (775) 687-4200.
Under the terms of the Retirement Plan Alternatives Plan, employees must contribute 15.5% of their gross salary to the Plan. The employer also makes a matching 15.5% contribution. Both the employee and the employer contributions are invested into a 401(a) account. The retirement plan fund sponsor is TIAA and the employee may choose the funding vehicles for investment of their retirement contributions.
The plan provides for immediate vesting. The employer portion that the University contributes to does not allow cash distribution upon termination of employment before reaching age 55, while the employee contributions will be 100% cashable upon termination of employment (subject to IRS withdrawal limitations). If you terminate within the first five years of employment, both account balances may be withdrawn.
Voluntary retirement plans
As an employee of the Nevada System of Higher Education (NSHE) and the State of Nevada, you are eligible to participate in two Voluntary Retirement Plans that are explained below. Each plan has a basic annual contribution limit set by IRS. In addition, if you are age 50 or older you are eligible to contribute an additional amount. The voluntary retirement plans provide for employee contributions on a pre- tax or post tax basis. There are no employer matching contributions.
NSHE Supplemental 403(b) Plan allows you to set aside additional pre-tax or post-tax (Roth) savings for your retirement. Free in-person financial counseling offered on UNR campus, low institutional fees and monitored funds provided in the program; funds available for loans. TIAA is a record keeper for this supplemental retirement program. Additional information is available on our 403(b) Plan page.
The NDC 457 Plan allows you to set aside compensation under the program to a supplemental retirement plan. Pre-tax and Roth options are available. VOYA Financial is a record keeper for this program. Additional information is available from the Benefits office.
Additional benefits
For further information regarding the following benefits, contact HR Shared Services Benefits at 784-6082, unless otherwise indicated.
Faculty on a full-time “A” contract will receive two days per full month to a maximum accrual of 48 days at the end of the fiscal year.
Faculty on a full-time “A” or “B” contract starts his or her first year with 30 days. After the first year, two days per full month are accrued to a maximum of 96 days.
Two-thirds salary for one year or full salary for six months upon approval by the appropriate committee (Sabbatical or Faculty Development Program). A faculty member may be granted either a sabbatical or a faculty development program leave once every seven years.
Health Savings Account (HSA) is a tax-exempt medical savings account for employees enrolled in a PPO plan. Contributions may be started and changed anytime, subject to IRS calendar maximum. Medical Flex Spending Account (FSA) is a tax-exempt medical account to be used for qualified medical expenses. Dependent care FSA allows employees to pay for dependent care expenses with pre-tax dollars. Additional information is available on our voluntary benefits page.
Covers employees in the event of work-related injuries. It is important to know the procedures to follow to make sure claims are processed appropriately.
Long term care, supplemental term life, auto/homeowners/renters, short-term disability, college 529 plan, and a legal plan are available through payroll deduction. Additional information is available on our voluntary benefits page.
Faculty can take up to six credits per semester at a reduced rate. Dependents of faculty have unlimited credits, but in order to be eligible children must be unmarried and under the age of 24 and must receive at least 50% of their financial support from the employee and/or employee’s spouse. Learn more about Grants-in-Aid or contact UNR Human Resources for additional information at (775) 784-6082.
There is no state income tax in Nevada.
All new employees pay 1.45% Medicare tax, which is matched 100% by the University.
The E. L. Wiegand Fitness Center offers an annual or semester membership. For an additional charge you may also include family members. For information about the E. L. Wiegand Fitness Center, call (775) 784-4041 or visit their website.