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Employee benefits are an integral part of faculty and staff compensation, but moreover they represent our values in how we treat all members of the College community.

The Employee Benefits Advisory Committee is established as a standing committee of the College to assist and advise the Vice President for Finance in shaping and funding the employee benefit program offered by ÐÇ¿Õ´«Ã½ and to help assure that individual benefit plans are being managed in the best interests of program participants and of the College. The Saint Mary’s College Employee Benefits Program includes health and welfare plans, retirement plans and other benefits plans offered by the College as well as the consideration of other employee benefits plans not yet offered by the College.

Guidelines for the Employee Benefits Advisory Committee

The Committee shall be guided in its efforts by:

1. Making recommendations that reflect and honor the College’s mission and traditions.
2. Making recommendations for the best use of the fiscal and human resources that further the strategic initiatives of the College.
3. Making recommendations that are informed by the competitive plans and best practices of appropriate peer institutions.

Duties of the Employee Benefits Advisory Committee

The members shall fulfill their duties by:

1. Becoming familiar with the objectives, design and key documents for each existing benefit plan.
2. Monitoring the administration of existing benefit plans in accordance with plan documents and objectives.
3. Making recommendations to the Vice President for Finance regarding objectives, design, provider(s), administration, and employee and/or employer funding levels for benefit plans.
4. Assessing proposed new benefit plans, including the need for and potential benefits and costs.
5. Reviewing annual benefit plan audits where available and appropriate.
6. Monitoring compliance with laws and regulations and making recommendations based on legal developments.
7. Providing input on program effectiveness and acceptance by fellow faculty and staff members.
8. Actively acting as a communication conduit to your fellow faculty and staff members on the activities and information disseminated in Committee meetings and as agreed to in Committee meetings.
9. Balancing advocacy for your fellow faculty and staff members with stewardship for the entire campus community.

Members of the Employee Benefits Advisory Committee

Committee members shall serve one-year terms and are encouraged to serve additional terms to assure continuity of decision making and the development of institutional memory. The membership shall include:

1. Assistant Vice President for Finance/Controller
2. Assistant Vice President, Human Resources, Committee Co-Chair
3. Faculty Welfare Committee Members
4. Staff Council’s Compensation and Benefits Committee Members
5. Director of Benefits
6. Provost or Her/His Designee
7. Vice President for Finance, Committee Co-Chair

Administrative Support  

The Human Resources Department shall provide administrative support for the Committee. Outside consultants may also be engaged to provide other types of support to the Committee.

Subcommittees

The Committee may be assisted in its work by subcommittees. Subcommittees may be appointed by the Vice President for Finance.

Employee Work/Life Program Tenets (employee benefits)

As developed by the Employee Benefits Advisory Committee (EBAC), Spring 2014.

1. Employee Benefits are part of the college’s total compensation strategy and must be considered as part of a holistic employee engagement.

2. The employee benefits program(s) offered should align with Saint Mary’s College principles. Programs offered will treat all members of the College community with fairness and in a way that supports our families.

3. Where practical the programs offered should be designed to include choices for employees that match their individual needs, beliefs and circumstances.

4. The programs’ financials (budget) should operate within agreed upon (or approved) targets and be easy to project and budget.

5. Employees should share in the cost of their particular health care plans or coverage options in a way that reflects the relative value of their choices.

6. Wellness initiatives will be supported and promoted.

7. There will be open communication with the campus community about the design, cost and value of the benefit program as well as the decision-making processes involved.

8. All means should be leveraged to contain costs, ease administration and to improve the effectiveness, efficiency and value to all participants.