Employee Relations
Employee Handbook

CHAPTER 3

Employee Benefit Program

 

Benefit Orientation Program

 

Educational Programs

 

   Educational Assistance Program

   Staff Scholarship Benefit

   Advancement Due to Educational Achievement

 

Employment After Retirement

 

Holidays

 

Insurance Programs

 

   Health and Life

   Summer Enrollment

   Optional Coverages

   TexFlex (Premium Conversion and Reimbursement Accounts)

 

Leave Programs

 

   Absence Reporting

   Paid Leaves

       Vacation Leave

       Sick Leave

       Personal Leave

       Bereavement Leave

       Court Leave

       Military Leave

       Professional Development Leave

   Unpaid Leaves

       Continuing Insurance Coverage During Leave Without Pay Status

 

Sick Leave Pool

 

   Eligibility

   Contribution of Time

   Withdrawal of Time from the Pool

 

Reduced Faculty Workload

 

Retirement Benefit Programs

 

   FICA-Social Security/Medicare Tax (FICA)

   Program for Extra Retirement Compensation (PERC)

   Teacher Retirement System of Texas (TRS)

   Vesting of Benefits

   Service Retirement

   Disability Retirement

   Death and Survivor Benefits (before retirement)

   Return of Deposits

   Member Contributions

   Tax Sheltering

   Beneficiary Change - Designation of Beneficiary, Form TRS 11

   Member Address Change, Form TRS 358

   Member Annual Statement Of Account

   Interest Credit

   Request For Member Account Information

   Texas Optional Retirement Program (ORP)

   One-time Irrevocable Decision

   Plan Design

   ORP Vesting

   Contributions

   Selection and Monitoring of ORP Companies and Products

   Crucial Decision

   Optional Retirement Program Vendors

   Tax Reform Act Affects 403 (b) Tax Deferred Annuities (ORP & TSA)

   Early Withdrawal Restrictions

   Delayed Withdrawal Tax

 

Tax Sheltered Annuity (TSA) Program

 

   How Much Can an Employee Contribute?

   Investment Choices

   TSA Vendors

   Changing or Stopping Contributions

   Receiving the Money

   Tax Penalty on Early Distributions

 

Unemployment Compensation Plan

 

Separation/Termination of Employment

 

Workers' Compensation Insurance Coverage