Leave Plan Summary

College provides sick leave, personal business leave, and vacation leave according to position, contract term and years of service.

No one will be placed on the College payroll until all employment procedures are fully satisfied.

Group Benefits Program (GBP) Administrated by
Employees Retirement System - www.ers.state.tx.us

Medical

HealthSelect (BlueCross BlueShield of Texas)
In-Area Network Benefits:

• No Deductible
• $20 Copay per office visit by selecting a Primary Care Physician (PCP) from the Provider Directory.
• Covered Services: Plan pays 80%, You pay 20%
  • Prescription Drugs:
    $50 Deductible per person
  • RETAIL STORE Non-Maintenance
    Generic/ Preferred/Non-Preferred (Up to 30 day supply) $10/$25/$40
  • RETAIL STORE Maintenance
    Generic/Preferred & Non-Preferred (Up to 30 day supply) $15/$35/$55
  • MAIL ORDER Generic/Preferred & Non-Preferred (Up to 90 day supply) $30/$75/$120
    

In-Area Non-Network Benefits:

• Deductible of $500
• Freedom to select own physician
• Covered Services: Plan pays 60%, You pay 40%
  • Prescription Drugs:
    $50 Deductible per person
  • RETAIL STORE Non-Maintenance
    Generic/ Preferred/Non-Preferred (Up to 30 day supply) $10/$25/$40
  • RETAIL STORE Maintenance
    Generic/Preferred & Non-Preferred (Up to 30 day supply) $15/$35/$55
  • MAIL ORDER Generic/Preferred & Non-Preferred (Up to 90 day supply) $30/$75/$120

FirstCare/Lubbock (HMO):

• $30 Copay per office visit
• No Deductible
• Must use Primary Care Physician (PCP)
  • Prescription Drugs
    $50 Deductible per person
  • RETAIL STORE Non-Maintenance
    Generic/ Preferred/Non-Preferred (Up to 30 day supply) $10/$25/$40
  • RETAIL STORE Maintenance
    Generic/Preferred & Non-Preferred (Up to 30 day supply) $15/$35/$55
  • MAIL ORDER Generic/Preferred & Non-Preferred (Up to 90 day supply) $30/$75/$120

Optional Coverages

Dental

Dental Maintenance Plan

• Aetna Dental Maintenance
• You must use network provider

Dental Indemnity Plan

• GEHA
• Freedom to select dentist

Life Insurance

When enrolled in either HealthSelect or HealthSelect Plus, an employee receives $5,000 in basic term life insurance with $5,000 accidental death and dismemberment insurance.

Term Life and AD&D

Options:

• Election I: One times annual salary
• Election II: Two times annual salary
• Election III*: Three times annual salary
• Election IV*: Four times annual salary

* Evidence of insurability required

Dependent Term Life

Coverage for eligible dependents: $5,000 term life with $5,000 AD&D coverage

Voluntary AD&D

Coverage between $10,000 and $200,000 for the employee and eligible dependents.

Short-term Disability

• Maximum monthly benefit would be the lesser of 66% of your insured monthly salary or $6,600
• Maximum benefit period: 5 months

Long-term Disability

• 60% of insured monthly salary up to a maximum benefit of $6,000
• Maximum benefit period: Benefits decline after age 65

TEXFLEX Flexible Benefits Program

TexFlex takes advantage of federal income tax laws that allow you to pay your share of the cost of your benefits on a tax-free basis.

Three ways to save:

• Premium Conversion
• Health Care Reimbursement Account
• Dependent Day Care Reimbursement Account

Retirement Plans

Teacher Retirement System of Texas - http://www.trs.state.tx.us/

TRS Contribution Level:

• Employee Deduction: 6.4%
• Employer Contribution: 6.58%

Overview of ORP and TRS (www.thecb.state.tx.us/reports/pdf/0869.pdf)

TRS brochures "Teacher Retirement in Texas" and "TRS-ORP" provide a summary of the TRS plan benefits. Any questions regarding your account must be submitted in writing to:

Teacher Retirement System
1000 Red River Street
Austin, TX 78701-2698

Please include your Social Security number and District #1540 with any correspondence.

TRS Customer Service: 1- 800/223-8778

Optional Retirement Plan Carriers

Overview of ORP and TRS (www.thecb.state.tx.us/reports/pdf/0869.pdf)

• ING Financial Services
• Jefferson National Life Insurance Company
• Lincoln National Life Insurance Company
• Nationwide Life Insurance
• Teachers Insurance & Annuity Association College Retirement Equities Fund
• AIG VALIC
  
  
• ORP Contribution Level: Employee Contribution 6.65%

Social Security

www.socialsecurity.gov

• Social Security Benefits: 6.2% of eligible monthly salary
• Medicare Benefits: 1.45% of eligible monthly salary

Odessa College matches the above contributions.

Other Optional Retirement Plans

• ING457 Deferred Compensation Plan
• 403(b) Tax Sheltered Annuities