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The value of employment at ETSU goes far beyond salary. As a potential employee, you will enjoy a full range of benefits, services and programs. Total compensation includes annual salary, a generous annual and sick leave program, 13 paid holidays, health and life insurance, retirement, 401(k) and more. This calculator provides prospective employees with an illustrated breakdown of total compensation. To see the total estimated value of salary and benefits, simply click the calculator icon above, choose the appropriate job type, fill-in an annual base salary, select a health plan coverage and retirement plan, and click the "Calculate" button. |
RETIREMENT PLANS
The university provides two types of non-contributory (no contributions by the employee) retirement to choose from:
a. The Tennessee Consolidated Retirement System - a defined benefit plan where the total years of experience and the highest five consecutive years' salary is used in the computation of the retirement benefit. It has a five-year vesting requirement. All regular full-time and regular part-time employees are eligible for this plan.
b. The Optional Retirement Plan - an annuity plan in which 10 percent of the employee's salary up to the social security wage base and 11 percent on the salary above the social security wage base is sent to the annuity of choice. All regular full-time and regular part-time faculty and administrative employees are eligible for this plan. There are three vendors ING, TIAA-CREF, and VALIC. The employee can participate in one, two, or all three and can transfer between companies.
On-Line Calculators Simplify Retirement Planning:
You can now calculate your future social security benefits, TCRS benefits, and Deferred Compensation benefits for 401(k) and 457 plans in just a few minutes using the calculators on the Internet. In addition to these calculators, each of these three programs will automatically mail you a benefit projection statement once a year. TCRS mails in October, Deferred Compensation mails in February, and Social Security mails in the month (usually two months prior to birthday) to workers over age 25.
Social Security calculator TCRS calculator Deferred Compensation calculator
INSURANCE PROGRAMS
All employees working a minimum of 30 hours per week are eligible to participate in the State of Tennessee Group Insurance program -- Blue Cross Blue Shield PPO option ( http://www.bcbst.com) and Cigna PPO Option ( CIGNA Information). The program provides health, basic term life, and basic special accident insurance for the employee and his/her dependents. Premiums are paid 80 percent by the university and 20 percent by the employee.
Additional optional plans include Dental Insurance, Optional Special Accident, Long Term Care, Optional Term Life, Optional Universal Life, cancer care, intensive care, and long-term disability. A flexible benefits plan is provided.
The State of Tennessee Division of Insurance Administration (DIA) site features enrollment and claims information, frequently asked questions, and descriptions of DIA services and programs. Also available is an Insurance Handbook for State and Higher Education Employees which provides a summary of employee benefits ( http://www.state.tn.us/finance/ins/publications.html ).
LEAVE PROGRAMS
Twelve-month faculty and executive/professional/administrative staff earn 2 days annual (vacation) and 1 day of sick leave monthly. Regular full-time clerical and support personnel earn 1 day of sick leave monthly, and accrue annual leave (1-2 days monthly) based upon years of service. Nine-month faculty earn sick leave. Participation in a faculty and/or non-faculty sick leave bank is optional. Additional information on leave programs can be found under Personnel Policies and Procedures :
EDUCATIONAL BENEFITS
The university is committed to the need for the continued professional growth and development of staff and faculty, and considers support for educational expenses of employees an important vehicle for addressing that need. The specific educational programs available to employees include:
- Faculty and Administrative/Professional Staff Grant-in-Aid Program
- Faculty or Administrative/Professional Staff Tuition or Maintenance Fee Reimbursement Program
- Employee Audit Program
- Clerical and Support Staff Maintenance Fee Payment Reimbursement Program
- Request for State Employee Fee Waiver - PC191
- Student Fee Discount for Spouses and Dependent Children of Employees
Forms can be found at the Human Resources Forms web page or at the university Financial Services web site. Detailed descriptions of educational programs are contained in the university's Personnel Policies and Procedures Manual. Various scholarship programs are available for both employees and dependents (see Personnel Policies and Procedures 13 Educational Benefits).
| Concerned about saving to meet the costs of your child's higher education? Discover how you can save with the Baccalaureate Education System Trust, the State of Tennessee's prepaid college tuition program. Payroll deductions are available to state employees and higher education employees. Call 1-888-486-BEST (2378) for additional information or visit the BEST web page at: http://www.treasury.state.tn.us/best/index.html. |
HOLIDAYS
There are 13 official university holidays (see ETSU Holiday Schedule).
LONGEVITY PAY PLAN
A longevity pay plan is in place to reward state employees for extended full-time service to the state, subject to yearly positive action by the State Legislature. Upon completion of 36 months of service, regular full-time employees are eligible to receive the current established rate of $100 per year of service, not to exceed $3,000 (see Personnel Policies and Procedures 15 Longevity Pay).