Insurance

HEALTH INSURANCE

The Library participates in the State and School Employees’ Health Insurance Plan.  Library employees who work twenty (20) or more hours per week are eligible to participate.  The Library pays the entire premium for “Select” coverage for all eligible active employees’ health insurance hired before January 1, 2006, as a Legacy Employee.  The library pays the entire premium for “Base” coverage for all eligible active employees’ health insurance hired after the Horizon date of January 1, 2006.

LIFE INSURANCE

Life insurance and Accidental Death and Dismemberment (AD&D) insurance is available to Library employees who work twenty (20) or more hours per week.  An employee’s group term life insurance amount is equal to two times his/her annual salary, then rounded up to the nearest thousand.  The minimum amount of life insurance is $30,000 and the maximum amount is $100,000.  The library pays for half the premium and the employee is responsible for paying the other half.

AFLAC

AFLAC insurance options are available to full-time employees after three (3) months of service.  An AFLAC agent will meet with the employee following his/her three (3) month anniversary and thereafter on an annual basis to discuss benefit options with the employee.  The employee is in no way obligated to purchase AFLAC products. Products purchased through AFLAC are processed as pre-tax payroll deductions.

CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT (COBRA)

Information concerning the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) is given to all new enrollees in the Library’s health insurance plan.  COBRA is available to employees, spouses, and dependent children who participate in the Library’s health insurance plan. It provides the right to the temporary continuation of health coverage at the Library’s group rates.  Under COBRA, the employee and beneficiary pays the full cost of coverage at the plan’s group rates.  Upon separation of employment, the State of Mississippi provides employees with the COBRA election forms describing said rights.

See also information available at the Department of Labor’s website.

Retirement

Retirement system participation and coverage is provided to employees in positions that require compensated work for at least twenty (20) hours per week OR at least eighty (80) hours per month.  Participation is offered to employees whose wages are subject to payroll taxes and are reported on Form W-2.  When an individual is first employed, the Library furnishes the new employee with a member information form to establish a PERS membership account.

See also information available at the Public Employees Retirement System of Mississippi (PERS) website.

Deferred Compensation

Participation in the Mississippi Deferred Compensation (MDC)  Plan is offered to all employees after one (1) year of service.  Employees interested in deferred compensation are advised to take advantage of the various resources available on MDC’s website.  

The Library frequently provides a pre-set match amount for employees qualifying for the Library’s Employee Extended Benefit package.

Employee Extended Benefits

The Board of Trustees determines the details of the Employee Extended Benefits package towards the end of each calendar year for the upcoming calendar year.  The term and extent of the benefits are based on an analysis of the Library’s projected fund balances. Eligibility requirements and benefit details that are set by the Trustees are authorized for the upcoming calendar year only and are not continuous benefits guaranteed to the employee.  

For an overview of the currently authorized benefit package, see the ‘Copiah-Jefferson Regional Library: Employee Extended Benefit Form’.

Government-mandated Benefits

UNEMPLOYMENT COMPENSATION

Separation from the job for reasons beyond the employee’s control may make the employee eligible for unemployment compensation.  Eligibility depends upon length of employment, reason for separation, earnings during the past year, and nature of the job.

Contact the Mississippi Department of Employment Security for more information or to file a claim.

WORKERS’ COMPENSATION

The basic purpose of Workers’ Compensation is to provide fixed benefits to the employee in the event of injury in the course of employment.  

See also ‘Copiah-Jefferson Regional Library: Workers’ Compensation’ policy

Pre-tax Payroll Deductions

Benefits offered as pre-tax deductions are governed by federal taxation guidelines that dictate when the benefits can be added, changed, or deleted.  Enrollment dates for the different benefits may vary.  Although the Library will assist its employees in understanding these guidelines, it is ultimately the responsibility of the employee to understand all legal matters governing said benefits before signing any enrollment authorization papers.

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