Prospective Full-Time Employee

Full-Time Employee Benefits Summary

Pace University provides a competitive benefit program designed to offer:

  • Medical and dental insurance for preventive care or diagnostic and surgical procedures;
  • Financial security upon retirement;
  • Income protection in the event an employee is not actively at work, due to illness;
  • Programs and services that assist in balancing work and personal life;
  • Educational opportunities for the employee and eligible members of his/her family to pursue a degree at Pace or  another higher education institution.


Medical Plans

  • Choice of 4 different plans accessing the CIGNA Open Access Plus network. Choices include two in-network only plans (the CIGNA In-Net 20 plan and the CIGNA HDHP/HSA plan) and two POS plans (the CIGNA 90/70 plan and the CIGNA 100/70 plan), which offer in- and out-of-network coverage. Specialist referrals are not required and all plans offer pharmacy and vision benefits.
  • $750 annual cash reimbursement, payable in semi-monthly installments of $31.25, if medical coverage is waived (due to other existing coverage).


Dental Plans

  • Choice of two plan options through CIGNA Dental (CIGNA Dental DHMO and CIGNA Dental PPO).
  • University contributes up to 50% of the cost of individual coverage.


403b Defined Contribution Retirement Plan

  • University contributes 9% of base salary with a 3% matching employee contribution (once age and years of service requirements have been satisfied).
  • TIAA-CREF is the sole service provider.
  • Immediate vesting with first contribution.


Employee Assistance Program

  • Administered by CIGNA.
  • Provides confidential access to up to 3 free counseling sessions and other life learning resources to employees and extended family members.


Health and Dependent Child Care Flexible Spending Accounts

  • Provides reimbursement for eligible health care and dependent child care expenses on a pre-tax basis.
  • Healthcare annual maximum is $2,500, Dependent Child Care annual maximum is $5,000 ($2,500 if both spouses contribute via separate employers).


Commuter Reimbursement Accounts

  • Provides mass transit reimbursement of up to $130 per month ($65.00 per paycheck) and parking reimbursement of up to $250 per month ($125.00 per paycheck) on a pre-tax basis.


Leaves

  • University provides paid (i.e. short-term disability) and unpaid leaves, once eligibility requirements have been satisfied, to assist in addressing work/life needs.


Life Insurance and AD&D

  • University pays for basic coverage (1X salary to a maximum of $100,000).
  • Employee has option to purchase additional voluntary coverage for self (1X, 2X or 3X salary up to $750,000 maximum including basic coverage) and for dependents (up to $10,000 for a spouse or $5,000 for eligible children).


Short-Term Disability (STD)

  • University pays full cost of coverage.
  • Full salary and benefits continuation after one year of continuous full-time service to a maximum of 26 weeks within a 52-week period.


Long-Term Disability (LTD)

  • University pays full cost of coverage.
  • Employee eligible to participate after one year of continuous full-time service.    


Workers’ Compensation

  • University pays full premium.
  • Salary and benefits continuation as defined above in Short-Term Disability (STD).


Long Term Care Insurance

  • Voluntary benefit through UNUM Provident available to employees, their spouse/domestic partner, children, parents, and in-laws.
  • Medical questionnaire for certain Long Term Care options is waived for employee only if he/she applies during the first 31 days as a full-time new hire.
  • Portable upon separation from the University.


On-Campus Tuition Remission, Off-Campus Tuition Reimbursement, NY 529 College Savings Program

  • Up to 100% on-campus remission for employee, spouse/domestic partner and dependent children under age 24 (24 to 30 receive 50%).
  • Up to 50% on-campus remission for Special Programs: for example, Law School, eMBA, Masters in Finance for Professionals, and all doctoral programs (children from 24 to 30 receive 25%).
  • On-campus tuition remission benefits for dependent children end at age 30.
  • Employee off-campus tuition benefit for job related graduate programs not offered at Pace, maximum annual benefit is $1,000 for a public institution and $1,500 for a private institution, benefit has maximum duration of 3 years.
  • Off-campus undergraduate tuition for dependents up to age 24, $300 per semester, $2,400 max per child.
  • University participates in two Tuition Exchange Programs, Tuition Exchange, Inc. and Council of Independent Colleges (CIC). Years of service requirements must be satisfied prior to participation.
  • Employee can voluntarily contribute to New York College Savings Program.


Vacation Days and Personal Days (Staff Only)

  • Up to a maximum of 22 vacation days, per fiscal year, depending upon position level.
  • Up to a maximum of 3 personal days, per calendar year.


Holidays (Staff Only)

  • Up to 15 paid holidays, including the break from Christmas Eve through New Year’s Day.