Article 13 - Benefits Plans

Feb 27, 2006 2:10 PM

The Employer agrees to provide the following group insurance and other benefits to Faculty Members.  The effective date of coverage is the first (1st) of the month following thirty (30) days of service.

A. Full-time Faculty

Full-time Faculty Members are eligible to participate in the Employer’s Signature Benefits program, as modified by this Agreement.  Specific benefits for full-time Instructors shall include:

• Medical insurance
• Dental insurance
• Vision Care insurance
• Flexible Spending Accounts for medical and dependent care
• Short Term Disability
• Life and AD&D insurance
• Tuition Benefits (Free or reduced tuition at EDMC schools)
• Employee Stock Purchase Plan
• Education Management Corporation Retirement Plan
• EDMC/AiNYC Adoption Expense Reimbursement Policy

A Summary Plan Description of the current benefits provided under this plan will be set forth in a booklet and made available to the Union and the Faculty by the Employer.  The Employer will pay 75% of the premium costs for health benefits (Medical, Dental, Vision).  Full-time Faculty Members who waive medical coverage will receive 50% of the highest single coverage premium returned to them as taxable income.

B. Part-time Faculty

Part-time Faculty Members shall receive the following benefits, as modified by this Agreement:

• Ability to purchase medical coverage, dental insurance and vision insurance on a pre-tax basis
• $15,000 of Employer-paid life insurance
• Flexible Spending Accounts for medical and dependent care
• Tuition Benefits (Free or reduced tuition at EDMC schools)
• Employee Stock Purchase Plan (if plan eligibility requirements are met)
• Education Management Corporation Retirement Plan (if plan eligibility requirements are met)
• EDMC/AiNYC Adoption Expense Reimbursement Policy

The Employer will pay 25% of the premium costs for medical insurance benefits elected by part-time Faculty Members.

C. Modification of Benefits

1. The maximum for a health care flexible spending account is $3,000 annually.
2. The maximum for a dependent care flexible spending account is the statutory maximum allowed by law.  On November 1, 2005 the maximum is $5,000 annually.
3. Faculty Members may participate in the Education Management Corporation Qualified Transportation Reimbursement Plan for a Parking Expense Account and/or a Mass Transportation/Commuting Expense Account.  The maximum monthly pre-tax contribution for the Parking Expense Account is $200.00, and the maximum monthly Mass Transportation/Commuting Expense Account contribution is $105.00.  These pre-tax limits are subject to change if prescribed by changes in governmental regulations.
4. Wherever a benefit provided pursuant to this Article is applicable to an Instructor’s spouse, husband or wife it shall also be applicable to an Instructor’s domestic partner, unless specifically prohibited by the terms of an insurance policy. To access such domestic partner benefits the Faculty Member will be required to execute an Affidavit of Domestic Partnership on a form provided by the Employer which is set forth in Appendix 2.
5. The Employer shall promptly inform the Union Chapter Leader of any changes in EDMC Signature Benefits, whether they occur through amendment, interpretation or otherwise, and shall meet with the Union as soon as possible to discuss the effects of the changes.  Written documentation of such changes will be provided to the Union prior to these discussions.

D. NYSUT Benefits

AiNYC shall permit the Faculty to authorize payroll deductions to voluntarily purchase benefits administered by the New York State United Teachers (NYSUT).