Our Lady of the Lake College

Employee Benefits and Compensation

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Employee Benefits and Compensation

Vacation Pay
Full-time

1-5 years service, 10 days
6-20 years service, 15 days
21-25 years service, 20 days
26 plus years service, 25 days

Part-time
Accrue based on number of hours worked per pay period

Sick Pay
Full-time:   12 days per year
Part-time:   Accrue based on number of hours worked per pay period

Holiday Pay
Full-time:  Ten days per year
Part-time:  Accrue based on number of hours worked per pay period

Health Insurance
Full-time and Part-time
Per pay period contributions
Three plans are available: LakeMax, Lake500 and Lake1000. Please ask your Human Resources recruiter for more information about plan benefits and costs.

Dental Insurance
Full-time and Part-time
Per pay period contribution:

Single: $9.76
Employee Plus One: $21.17
Family: $32.60

Defined Benefit (Pension) Plan
Full-time and Part-time
100% funded by OLOL
5 year vesting schedule

403(B) Tax Sheltered Annuity
Full-time and Part-time
Tax Sheltered Annuity Investment
Provided through VALIC, Lincoln Financial and ING/Aetna Financial

Vision Discount Program
Full-time and Part-time
Discounted pricing on frames, lenses and contacts

Long-Term Disability
Full-time only
Shared premium contribution
Six month eligibility waiting period

Elective Benefits
Short-Term Disability
Supplemental Life Insurance
Life Crisis/Cancer Policy

Basic Life Insurance
Full-time and Part-time
1 1/2 times annual salary to $50,000
Paid for by OLOL

Dependent Life Insurance
Full-Time and Part-time
Coverage:  $10,000 on spouse, $5,000 each child
$2.11 per pay period

Savings Bonds
Provided by US Savings Bond Office
$100, $500 and $1,000 face values

Tuition Reimbursement
Full-time only
12 months of employment required
Reimbursement dependent on grade earned and academic facility attended

Hospital Discount
Full-time and Part-time
Discount determined by employment status
20% discount in hospital cafeteria

Pharmacy Discount
Full-time and Part-time
Reduced co-pays on prescription medication
Applies to all medical plans
Applies to Medical Plaza Pharmacy and Landry’s Pharmacy

Credit Union
All employees
Savings Accounts
Christmas Club Accounts
New/Used Car Loans

Health Center
Full-service health center
Discounted membership fee for employees

 


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Thursday October 07, 2010