Benefits Overview

The following is a summary of benefits provided by Merrimack College for eligible employees:

Medical Insurance

The College offers eligible employees and their dependents a choice of two Harvard Pilgrim Health Care options:  Harvard Pilgrim HMO Best Buy or Harvard Pilgrim PPO.  Employee contribution is based on the plan selected.

Dental Insurance

The College offers eligible employees and their dependents a choice of two Blue Cross Blue Shield dental options:  BCBS Dental Low or BCBS Dental High.  Employee contribution is based on the plan selected.

Retirement Savings

The College offers a defined contribution plan and a tax deferred annuity plan through TIAA-CREF.  Through the defined contribution plan, eligible employees contribute 2.5% of their salary and the College contributes 8.5%.  The tax deferred annuity is a supplemental plan through which employees can make pre-tax salary deferrals for extra retirement savings.

Flexible Spending Accounts

The College makes available flexible spending accounts for both health care and dependent care.  Under the plan, employees may set aside a portion of their salary for dependent care or non-reimbursable medical expenses on a pre-tax basis.

Life Insurance

The College provides life insurance through Reliance Standard to full time employees equal to one and one-half times your base salary to a maximum of $150,000.00.  This coverage is fully paid by the College and enrollment is made during orientation.

Long Term Disability and AD&D Insurance

The College provides long term disability and accidental death and dismemberment insurance through Reliance Standard.  The College pays the cost of this insurance plan which provides 60% of your monthly salary up to a maximum of $5,000.00 a month.

Vacation, Sick and Personal

The College offers all eligible employees generous vacation, sick and personal time.

Holidays

The College offers fourteen and one-half paid holidays.

Tuition Remission

The College offers employees, their spouses and dependent children tuition remission according to employee’s classification.

Tuition Exchange

The College offers opportunity for scholarship for dependent children at certain colleges and universities for eligible employees based on employee’s classification and seniority.

Professional Development

The College’s policy is to encourage and support professional development through seminars and training opportunities offered internally or externally.

Relocation Services

The Talbot Group provides comprehensive relocation services to new hires of Merrimack College and existing employees.  Services include selling an existing home, finding a new home, the shipment of household goods, area tours, and rental assistance.  Please click here for additional information about The Talbot Group and the services it provides.  For additional information please contact The Talbot Group at merrimack@thetalbotgroup.com or call 866-404-0234.

Additional Services

• Merrimack College Federal Credit Union is available to all employees of the College and their families.
• Barnes & Noble Campus Shop offers Merrimack College employees a 10% discount on select merchandise.