Change to Benefits - Full-Time to Part-Time
This section details how your benefits will be impacted should your employment status change from full time to part time.
Medical
Your contribution rates for medical coverage will increase. Visit Contribution Rates to review rates for part-time employees.
The new rates will automatically be deducted from your paycheck as soon as your status change is processed.
Group Life Insurance and Long-Term Disability
- Your optional life insurance coverage is a multiple of your annual salary. Visit Monthly Group Life Rates for more information.
- Your University-provided Long-Term Disability coverage decreases from $14,000 to $7,000.
- Your Long-Term Disability coverage is based on your annual salary. Visit Monthly Long-Term Disability Insurance Rates for more information.
Flexible Spending Accounts (FSAs)
If you have already established a Dependent Care FSA, you may want to change the amount you contribute within 31 days of your change to part time employment.
Qualified Transportation Program
Monthly deadlines determine when your request to enroll, change, or cancel your commuter elections will take effect. The monthly deadline is normally the 10th of every month.
- To enroll in the commuter program OR change or cancel your order, visit HealthEquity(WageWorks).
Retirement Benefits
Your contributions under the Contributory Retirement Plan (CRP) and the defined contribution part of the Retirement Income Plan for Employees ("ERIP") are based on your compensation. Accordingly, if your compensation decreases with your change from full-time to part-time status, your retirement contributions will be based on your reduced compensation.
Your benefit under the defined benefit part of ERIP is based in part on your Final Average Pay (FAP). Your FAP is the average of your compensation over the five consecutive years (out of your final ten years of employment) that produce the highest five-year average. Accordingly, if your compensation decreases with your change from full-time to part-time status, your FAP (and thus your defined benefit) may be reduced.
Time Off (Vacation Time, Personal Days, and Sick Accruals)
Staff Employees Only: The rate at which you accrue vacation and sick leave will change based on the number of hours you are scheduled to work in a week. Refer to the personnel policies for Vacation and Sick Leave for additional information regarding accrual rates.
Educational Assistance Program
When you change to part-time status, you are no longer eligible for the Educational Assistance Program.