The benefit package at Embry-Riddle is robust – from quality health care insurance options to a generous retirement plan, we continually strive to offer a highly competitive, comprehensive benefit package. Embry-Riddle benefit eligible faculty and staff enjoy the following benefits of employment:
Embry-Riddle faculty and staff who work 30 or more hours are eligible for insurance coverage.
The Embry-Riddle Health Care Plan is a PPO plan available to faculty and staff on all campuses (except for in Hawaii and our international locations). The plan includes dental and vision coverage as well as a prescription drug program.
The Florida Health Care Plan is an HMO plan available to faculty and staff at the Daytona Beach or Worldwide Campus headquarters in Daytona Beach. The plan includes dental and vision coverage as well as a prescription drug program.
We also offer a second option, a High Deductible Health Plan (HDHP) which is designed to offer affordable premium rates while also offering a robust plan and network through Blue Cross & Blue Shield.
The Health Savings Account is a tax-advantaged savings account that employees use to pay for qualified medical expenses not covered by the High Deductible Health Plan (HDHP), including deductibles, co-pays prescriptions, vision and dental care.Must be enrolled in HDHP to participate.
Embry-Riddle provides coverage equal to the employee’s annual salary. Minimum coverage is $15,000; maximum coverage is $50,000. Dismemberment benefit is full- or half-salary, based on the extent of the injury.
Eligible employees may purchase additional term life insurance coverage through payroll deduction.
Eligible staff receive a weekly benefit rate equal to 60% of basic earnings, up to a maximum bi-weekly benefit of $1,850. The maximum benefit period is 26 weeks. Eligible faculty receive up to eight weeks of faculty disability leave, then receive 60% salary for up to 18 weeks, for a total maximum benefit period of 26 weeks.
Embry-Riddle provides this insurance, with a monthly benefit rate equal to 60% of salary, up to $10,000. Benefits may continue up to age 65.
We provide a 403(b) defined contribution retirement program to allow employees to plan for their retirement.
This retirement plan is provided to faculty and staff who work 20 hours or more. Employees may establish a retirement account upon date of hire with immediate vesting.
The university will contribute 6% of the employee’s regular base pay into the employee’s retirement plan. The employee may voluntarily contribute a portion of his/her earnings into the retirement fund. The University will match up to 3.5% of employee contributions.
Holidays & Leave
Eligible Embry-Riddle employees receive 9 paid holidays per year plus the day after Thanksgiving and the week between Christmas Eve and New Year’s Day.
Staff working 30 or more hours per week and 12-month faculty are eligible for personal leave (vacation, sick leave, bereavement, or personal time).
- Nonexempt staff positions earn 12 days during the first year of full-time employment.
- Exempt positions earn 18 days during the first year of full-time employment.
- The rate of accrual of personal leave increases with years of service.
The TE program provides the opportunity for dependent children of Embry-Riddle’s full-time faculty and staff to attend a participating TE college or university at a significant tuition reduction or at no tuition charge. Please note that the TE program is a scholarship opportunity rather than a fringe benefit. Must be employed 3 years before becoming eligible.
Upon date of hire, employees and spouses/domestic partners are eligible to take up to six Embry-Riddle courses per fiscal year for free. Employees’ unmarried, dependent children, up to age 26, may receive 100% tuition waivers for full-time coursework for one undergraduate and one graduate degree.