The waiting period is two years for eligibility. The retirement program also provides transferability and cashability. All employees are eligible to make voluntary contributions to the Retirement Plan up to the limit specified by the IRS guidelines. Voluntary contributions may be made prior to eligibility for the College's contribution. Such contributions and any earnings are deferred from federal and state taxation until collected as income.
All employees earn one day of sick time for each month of employment.
The full year's sick time accrual is deposited into sick banks each July 1. The maximum accrual is 130 sick days. The full year's vacation accrual is deposited into vacation banks each July 1. Non-exempt employees may accrue up to a maximum of thirty days. The full year's vacation accrual is deposited into vacation banks each July 1.