Benefits Overview*

Eligibility

An Eligible Employee must work a minimum of 32-hours per week (.8 FTE) in order to qualify for benefits listed below.

Health insurance coverage starts with the first full day of employment if that day is the first work day of the month; otherwise, benefits coverage begins the first day of the following month.

Eligibility to participate in OSU Foundation retirement plan is established after one year of employment or 1,000 or more hours of service during a plan year. You must be at least 21 years of age to become a participant in the pension plan.

Insurance

The OSU Foundation provides $775 monthly per employee to use toward the purchase of health, life and disability insurance. Medical insurance is provided by Health Net, and employees choose between a Preferred Provider Option or a High Deductible Health Plan. Coverage includes vision and RX. Dental coverage also is available. Employees may elect to cover their spouse, domestic partner, and/or dependents by making an additional premium payment through a pre-tax payroll deduction.

For those insuring single only, any remainder from the $775 Foundation insurance contribution can be used several ways. Options include funding a flexible spending account, health savings account, 403(b) account, taken as taxable income, or some combination.

Life Insurance, Long- and Short-term Disability

A life insurance benefit is provided through a third-party provider in the amount of twice an employee's annual salary with a maximum benefit of $300,000. Additionally, voluntary life insurance can be purchased for an employee and/or an employee's dependents. The OSU Foundation also provides long-term disability coverage with a benefit of 60 percent of monthly salary up to $7,500 per month. A voluntary short-term disability program is also available.

Personal Time Off and Holidays

Employees of the OSU Foundation accrue vacation and sick leave in a combined account known as PTO, or Personal Time Off. Employees holding exempt positions accrue 25 hours per month to a cap of 300 hours. Employees holding non-exempt positions accrue PTO on a gradually increasing scale, beginning at 18 hours per month to a maximum of 300 hours per year. Additionally, the OSU Foundation observes nine paid holidays per calendar year.

Retirement Plans

The OSU Foundation currently contributes 17 percent of your qualified annual earnings to an employer-funded money purchase pension plan, subject to IRS limits. Employees establish eligibility after completing twelve months of employment, although the OSU Foundation funding begins after six months of employment. Vesting occurs on a graduated scale over a period of four years. Employees may also elect to contribute pre-tax dollars within IRS limits to a 403(b) tax-deferred annuity.

Other Employee Benefits

Oregon State University Associate Staff Privileges: associate staff I.D. card, library privileges, OSU bookstore membership, access to OSU facilities at staff rates
Tuition Assistance at Oregon State University (employee only): seven credits per term; employee contribution of $23 per credit, remainder of tuition and regular fees paid by OSU Foundation
Employee Assistance Program: crisis intervention, mental health, financial, domestic, and family counseling services, available on a short-term basis without using insurance
Employees can earn up to $20 per month by regularly exercising at a fitness club.

*Benefits are subject to change at discretion of the OSU Foundation.

Oregon State University | OSU Foundation