Benefits

Health Insurance* Basic Life Insurance*
Optional Life Insurance* Long-term Disability Insurance*
Health Care Spending Account* Dependent Care Assistance Program*
State Employees Retirement (SERS)* Deferred Compensation Plan* (All employees)
Tax Sheltered Annuity* (All Employees) Social Security*
Employees Assistance Program* Holidays*
Dental Insurance Miscellaneous*
Optional Retirement Plan Affordable Care Act (ACA)


*The following benefits are universal to all benefited employees:

Health Insurance

HCC provides a variety of health insurance plans to eligible employees, employee's spouse, and dependent children (under the age of 19) through the Group Insurance Commission. Legislation now allows coverage for dependent children age 19 and over up to age 26 (if applicable).For additional information, click here.

Employees hired after June 30, 2003, regardless of salary, pay 25% of their monthly premium. Employees who were hired on or before June 30, 2003, pay 20% of their monthly health insurance premium. New employee coverage begins on the first day of the month, following 60 calendar days from the date of employment.

Basic life insurance

Basic life insurance of $5,000 term life is offered at a low cost premium. Participants that elected health insurance coverage through HCC are automatically covered by the basic life insurance.

Optional Life Insurance

Optional Life Insurance is available to provide economic support for your family. This term insurance allows you to increase your coverage up to eight times your annual salary. Term insurance covers you and pays your designated beneficiary in the event of your death or certain other catastrophic events. It is not an investment policy; it has no cash value. This is an employee-pay-all benefit. Additional insurance can be purchased up to 8x annual salary, if employee so chooses.

Long-term disability insurance

Long-term disability insurance provides a tax-free income replacement payment of up to 55% of gross monthly salary after a qualified illness or injury has disabled a covered employee for 90 consecutive days. Benefits payments are reduced by certain other income sources. The minimum monthly benefit would be $100 or 10% of the gross monthly benefit amount, whichever is greater. Cost is based on age and salary.

Health Care Spending Account

Eligible employees can pay for out-of-pocket health care expenses not covered by a medical or dental plan on a pre-tax basis. For the 2012 year, participants can contribute $500 to $5,000 through payroll deduction.

Dependent Care Assistance Program

Eligible employees can pay for qualified dependent care expenses, such as day care, after-school programs, elder day care, and day camp, on a pre-tax basis. Annual elections can be up to $5,000.

State Employees Retirement (SERS)

The State Board of Retirement administers the State Employees Retirement System (SERS), a contributory, defined benefit retirement system governed by Massachusetts General Laws, Chapter 32. SERS provides retirement, disability, survivor and death benefits to members and their beneficiaries. Membership is mandatory for all benefited employees. The amount of an employee's pre-tax contribution is 9% of regular salary and an additional 2% of regular salary in excess of $30,000. For specific information visit the State Employees Retirement System

Deferred Compensation Plan - Smart Plan (All employees)

Great West administers this plan which is allowable under the Internal Revenue Code Section 457(b). All Employees, except student employees, may participate in this plan at any time.

Tax Sheltered Annuity (All employees)

Under the Internal Revenue Code Section 403(b), all employees (except student employees) are eligible to make tax-sheltered contributions through payroll deduction. The Department of Higher Education has contracts with seven vendors. Employees may participate in this plan at any time.

Commonwealth 403 (b) Plan

Social Security

Massachusetts state employees do not have Social Security taxes withheld from their earning. Employees retiring with a state pension who also are eligible for Social Security benefits may have their Social Security benefits reduced by Social Security's Windfall Elimination Provision or Government Pension Offset.

Employees Assistance Program

The Wellness Corporation provides an Employees Assistant Program to employees and their household members. The EAP provides free and confidential counseling and referrals for a wide variety of personal issues.

Holidays

(11 paid holidays annually) - New Year's Day, Martin Luther King Day, President's Day, Patriot's Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans' Day, Thanksgiving Day, and Christmas Day

Miscellaneous Benefits

The Bartley Athletic Center discounted membership; discounted movie tickets; free on-campus parking

The following benefits are based on job classification:

Dental Insurance/Vision Coverage

Non-unit Professional and Non-Unit Classified Employees: New employees and their eligible dependents are eligible for coverage with MetLife beginning on the first day of the month, following 60 calendar days from the date of employment.  Monthly dental insurance premiums for individual coverage is $22.80 and $46.50 for family coverage.

As a companion to the dental plan, VisionSavings Eyecare Program (VSEP) saves employees and their eligible dependents on regular eye exams, as well as provides discounts on eyewear at participating providers nationwide.

Faculty and Unit Professional (MCCC): New employees and their eligible dependents are eligible for dental coverage with MetLife beginning on the first day of the month following six-months of employment.  There is no monthly premium for this benefit. 

As a companion to the dental plan, VisionSavings Eyecare Program (VSEP) saves employees and their eligible dependents on regular eye exams, as well as provides discounts on eyewear at participating providers nationwide.

AFSCME (Classified Employee): New employees and their eligible dependents are eligible for coverage with Delta Dental beginning on the first day of the month, following six-months of employment.  There is no monthly premium for this benefit.

As a companion to the dental plan, unit members and their eligible dependents can receive coverage for routine comprehensive eye exams and eyewear from either Davis Vision Provider Network Plan or the Alternative Vision Plan.

Optional Retirement Plan

New Faculty, MCCC Unit Professionals, and Non-unit Professionals are eligible to enroll with the Optional Retirement Plan if they are not vested in the State Retirement System.  The Department of Higher Education administers the Optional Retirement Plan (ORP), a defined contribution plan that provides income based on the investment performance of your individual account balance, which you decide how to invest.  The amount of an employee's pre-tax contribution is 9% of regular salary and an additional 2% of regular salary in excess of $30,000.  The Optional Retirement Plan providers are Fidelity, Lincoln National, TIAA-CREF, and Valic.  A new employee has one hundred and eighty days to decide between enrolling with the State Retirement and the ORP.  Once a decision has been made, it is irrevocable.

 

Holyoke Community College
303 Homestead Ave. Holyoke, MA 01040
(413) 538-7000