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New Employee Orientation Guide….Page 4
SSP - Salaried – Full-time SSP Salaried employees prior to August 15, 1987 accrue 26 days of leave per year. SSP Salaried employees hired after August 15, 1987 accrue 24 days per year (2 days per month, 7.38 hours per pay period) of vacation leave. Maximum Accruals: full-time SSP Salaried employees may carry forward from year-to-year 90 days (720 hours) of vacation leave. Up to 40 days (320 hours) of unused accrued leave will be paid upon termination or retirement.
Faculty employees – Vacation leave is not accrued for faculty employees.
HEALTH AND DENTAL PLANS
AETNA – (PLEASE REFER TO ENCLOSURE FOR RATES) OPT OUT OPTION:
For Maine Maritime Academy employees, in accordance with the most recently negotiated collective bargaining agreements, if an employee wishes to entirely opt out of health insurance coverage through the Academy, and the employee is not covered otherwise by Academy insurance, the employee shall receive a stipend calculated from three months of the monthly premium cost for single coverage health insurance ($727.54 x 3 = $2,182.62) paid out over twelve months ($90.95 per pay period for faculty, $83.95 for staff). This amount shall be paid to the employee in each paycheck on a pro rata basis so long as the employee remains “opted out.” The stipend shall be adjusted as of the Academy’s insurance contract renewal or other premium adjustment date. In order to be eligible for the opt out stipend; the employee must periodically present the Academy with proof of coverage by health insurance under another plan.
Anthem BLUE VisioN
Please refer to the enclosed memorandum dated September 28, 2004 regarding Anthem’s Blue Vision Plan that is optional to all employees.
Northeast Delta Dental is MMA’s dental carrier.
Maine PERS (one time offer election- date of hire)
Retirement deductions are federally tax-deferred
Employee contributes 6.5 % of all gross earnings