Exploring your benefits….

1. Exploring your benefits….

2. MDC offers its full-time employees a comprehensive benefits package, which includes: • Core Benefits • Voluntary Benefits

3. CORE BENEFITS • Dental • Direct Deposit • Educational Incentive Programs • Group Health • Holidays & Sick Leave • Life Insurance • PSAL • Retirement Benefits (through Florida Retirement System) • Tuition Waiver & Tuition Reimbursement • Vacation

4. VOLUNTARY BENEFITS • Dependent Life • Disability • Leaves of Various Types • Legal • Long-Term Care • Metro & Tri-Rail • TSA Plans (403B)

5. CORE BENEFITS: Dental & Health • Dental • DMO & PPO • College pays full employee single coverage for both plans • Health -2006 changes • HMO & POS • *HMO College pays single coverage • POS College pays $487.80 and employee pays $36.68 per month *All new employees are enrolled in HMO for their first year

6. CORE BENEFITSDirect Deposit, Life Insurance, Tuition Waiver • Direct Deposit - mandatory • Form & copy of voided check required • Life Insurance • MDC pays half of premium • Value: 2x annual salary (illness) or 4x annual salary if accidental

7. CORE BENEFITSEducational Incentives • Tuition waiver- Maximumcredits per semester faculty: 6, PEC, PENC, SNE (non faculty): 8, dependents: unlimited • Administered by Financial Aid at your campus • For employee & dependents (spouse or dependent children 24 yrs old or younger) • Tuition Reimbursement: Maximum credits per semester for all employees: 8 • For employee only • Reimbursement for 8 credits at FIU Fall 2004 rates • Rate per credit • Undergraduate : $97.12 • Graduate: $ 227.10

8. CORE BENEFITSHolidays, Sick Leave, Vacation, PSAL, FLEX • Holidays • Average of 9 days per fiscal year [procedure 2750] • Add’l days during holiday period (Dec. - Jan.) • Sick Leave • You receive 1 day per month • 5 days consecutive days requires note from your doctor • Vacation • Up to 5 yrs: 1 day per month • 5 to 10 yrs: 1.25 day per month • 10 yrs + : 1.5 day per month • PSAL [professional staff accrued leave] • For professional exempt contractual employees • Option to cash out every April (for fiscal year accrual) • Maximum balance of 30 days • Flex : - 2 days every fiscal year (July to June) • Use or lose

9. CORE BENEFITSRETIREMENT FLORIDA RETIREMENT SYSTEM [FRS] • Traditional plan7.83% College Contribution 6 years vesting Benefits are computed on the basis of age and/or years of service, average final compensation, and service credit. Average final compensation (AFC) is the average of the 5 highest fiscal years of earnings. • Investment plan 7.83% CollegeContribution & 1.17% Pension Plan Surplus = 9.00% Total Contribution 1 year vesting • MDC contributes an amount to your account every month. You direct the investment of your account among the investment funds available through the Plan.

10. VOLUNTARY BENEFITSDependent Life & Disability • Dependent Life • Employee must be enrolled in Life Insurance • For all family members • Spouse needs underwriting but not kids • $3.50 / month, $1.75/per pay • Disability • Income protection while disabled • 4 plans: • 2 yrs sick/5 yrs accident pays after 60 days • 2 yrs sick/5 yrs accident pays after 14 days • Retirement age/SS pays after 60 days • Retirement age/SS pays after 14 days

11. VOLUNTARY BENEFITSLegal, Metro Rail/Tri Rail • Legal • provides convenient access to attorneys and/or preventative legal services • Monthly coverage • Single: $14.35 family $18.95 • Metro Rail: • Discounted rate $73.76 (save about $7/mo) • Convenience of easy pick up through Bursar’s office • Tri Rail: Discount card

12. VOLUNTARY BENEFITSLong Term Care • Long Term Care • Covers costs associated with home care, assisted living, and nursing home care • Illness/Injury such as results of car accident or chronic illness  • Home care example : meal preparation, assistance with daily activities such as bathing etc. • www.ltcbenefits.compassword for MDC employee only: miamiisltc Who can apply? • Employee • Dependents • Parents • Parents-in-law • Grandparents

13. VOLUNTARY BENEFITSLeaves • Requirements: • 1 yr FT employment & • Balance of 10 sick days as of October • Must give 5 sick days (for 1/2006) • Personal Leave • Up to 1 year • Approval by supervisor Sick Leave Pool:Employees may not use more than 30 days during any 12 month period once all other leave (vacation, bank point, sick, PSAL, Flex) is exhausted.

14. VOLUNTARY BENEFITSFamily Medical Leave Act [FMLA] • Eligibility: one year of service, and for 1,250 hours • Notification: 30 days advance notice required • Entitlement: 12 weeks of unpaid, job-protected leave to “eligible” employees for family & medical reasons • Reasons for taking leave: • Birth of a child, adoption or foster care; • Employee’s spouse, child or parent’s serious health condition • Employee’s serious health condition

15. VOLUNTARY BENEFITSTax Shelter Annuity • Tax Deferred Income Program – TSA/403(b) Plans • Defer tax up to 100% of gross income. Maximum limitation for 2006 is $15,000 per taxable year. • Plus $5,000 if over 50 years old (proof of age required), for a total of $20,000 for 2006. • Contact TSA company to set up account, complete the application & beneficiary forms. • Send all enrollment forms to Human Resources – attention: Janik Collin. • Four enrollment Quarters: forms due one month prior the start of the quarter (exception for new hires: 30 days within employment date) • January 1st, • April 1st July 1st October 1st

16. CHANGES TO YOUR BENEFITS Changes can only be made during open enrollment (Oct./Nov.) or within 31 days of a qualifying event such as: • Marriage - Divorce - Death • Birth (or) Adoption of a Child • Loss of Other Coverage due to: • Loss of Spouse’s Employment • Significant Change in Other Coverage–add or drop coverage • Financial Hardship

17. Your Benefits Team