4.6 Benefits
Worker's Compensation Insurance covers each employee of the College at the expense of the College and complies with the laws of the Department of Labor of the Commonwealth of Pennsylvania. Any injury incurred in the line of duty must be promptly reported within a twenty-four (24) hour period on forms supplied by the Human Resources Office. Every accident must be reported regardless of the degree of the injury.
Medical and dental insurance is available for all full-time and regular part-time employees and their eligible dependents. Both the College and the employee share in the cost of medical and dental insurance. (Refer to current contracts and employee agreements for specific information.) Eligible full- time and regular part-time employees may elect to waive medical and/or dental benefit coverage--See Policy #2.1.6.
The College assumes the cost of life insurance as described in current employee contracts and employee agreements.
Internal Revenue Code 125--The College provides to employees participating in the medical and dental plans the option of participating in a 125 plan. A 125 plan is an Internal Revenue regulation that allows premium conversion. The purpose of premium conversion is to allow employees to pay no federal or social security taxes on the contributions they make towards their medical and dental insurance plans. The plan is based on the College's understanding of the current provisions of the Internal Revenue Code. The College reserves the right to amend or discontinue the Plan if regulations or changes in the tax law make it advisable to do so.
Employee Assistance Program -- BEACON (Bucks Employee Assistance Consortium) offers guidance and confidential support services to all full-time and regular part-time employees of the College. The College pays all cost for this service. The BEACON program is designed to help employees and their families solve whatever personal problems may be affecting an employee’s performance and personal fulfillment.
Social Security--The College participates in the Federal Social Security program.