BENEFITS

BENEFITS ELIGIBILITY

Eligibility for benefits is determined by two factors, FTE and length of appointment. Faculty must be assigned 1.0 FTE (full-time) and appointed for more than six months. Both conditions must be met in order to be eligible for benefits. Faculty on restricted appointments are eligible for benefits as long as these conditions are met.

EMPLOYEE TUITION WAIVER PROGRAM

FLEXIBLE SPENDING ACCOUNTS

HEALTH INSURANCE

LIABILITY INSURANCE

RETIREMENT

The Commonwealth of Virginia provides a retirement plan for full-time faculty, effective on the employment date. The University makes the entire contribution to the retirement plan. Faculty choose between the Virginia Retirement System (VRS) and one of six vendors (Fidelity Investments, Great-West, MetLife Resources, TIAA-CREF, T. Rowe Price, and VALIC) from the Optional Retirement Plan (ORP). The ORP has a defined contribution of 10.4% with immediate vesting. VRS is a defined benefit plan with vesting at five years of service. Faculty members who do not select a retirement plan within 60 days of the employment date will be irrevocably enrolled in VRS.

RETIREMENT PRIVILEGES

Tenured George Mason University faculty who retire while employed by the University are granted the following lifetime privileges contingent upon the availability of funds and resources:

• Use of a University identification card.
• Use of the library with the same privileges as active faculty.
• Use of University parking lots.
• Participation in faculty meetings (nonvoting) and in academic processions including commencement with the same privileges as active faculty.
• Attendance at lectures, concerts, athletic events, banquets, receptions, etc., as authorized for active faculty.
• A computer account with the same privileges as active faculty.
• Office and laboratory space, or library study space, and secretarial service on a temporary basis as justified by professional activities. Priority will be given to active faculty and to staff and student needs whenever resources are limited.
• University sponsorship of applications or proposals for grants, contracts or similar scholarly activities. The priorities noted in the preceding paragraph will apply if such sponsorship requires the use of limited facilities.
• Use of University mail and letterhead as authorized for faculty.

TAX DEFERRED ANNUITIES

WORKER'S COMPENSATION