FACULTY
ON UNPAID LEAVE
The following outlines the status of your benefits while on unpaid
leave.
Long Term Disability Insurance
If the faculty member is enrolled in the College's group, the College
will continue to pay the monthly premium for the coverage and the faculty
member's coverage is continued.
Life Insurance
If the faculty member is enrolled in the College's group, the College
will continue to pay the monthly premium for the coverage and the faculty
member's coverage is continued. If the faculty member has purchased additional
coverage (contributory), the College will invoice the faculty member
for the contributory amount
for the duration of the unpaid leave.
Health Insurance* and Dental Insurance
If the faculty member is enrolled in the college's group, coverage is
continued. However, the faculty member is responsible for paying the
full monthly premium (the faculty member's share and the College's normal
contribution). Monthly invoices will be mailed to the faculty member.
For those on unpaid leave for
Semester I, invoices will be issued from July through and including December.
Faculty members on leave Semester II will be invoiced for January through
and including June. Faculty members on unpaid leave
for the entire academic year will be issued invoices for the months of
July through to and including June.
* Faculty who are on the Harvard Pilgrim Health Care HMO who will be
outside the service area while on unpaid leave should contact Human Resources-Benefits
to discuss health coverage while on leave.
TIAA-CREF
The College will discontinue all contributions to the faculty member's
TIAA-CREF Regular Retirement account while on unpaid leave. The faculty
member may wish to make after tax contributions to TIAA-CREF. Information
about ways to do that through TIAA-CREF may be obtained by calling 1-800-842-2776.
Any outstanding
mortgages or rent will be billed to you directly through the Controller’s
Office.
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College contributions to health and dental coverage and TIAA-CREF Retirement
will resume when the faculty member returns to work at Wellesley. Faculty
contributions to tax-deferred annuity accounts, health and/or dependent
care flexible spending (reimbursement) accounts may resume when the
faculty member returns to work at Wellesley. Applications and forms
for these purposes must be completed in order for the payroll deductions
to be made.
July 2005
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