The long term care coverage covers care not only in nursing facilities, but may cover care in the home and at adult day care facilities as well. There is no cost to the employee for this benefit. If employee has an accident while traveling for business, this program provides benefit payments to employee or employees beneficiary. All benefit eligible active permanent employees who work at least an average of 20 or more hours per week or teach on a half-time or more contract are covered under this plan. Benefits become available after employee has been totally disabled for 90 days or at the end of their accumulated sick leave, whichever is greater.
Taxable income is reduced by amount of anticipated expenses set aside in reimbursement accounts.
Retirement benefits are based on age, length of service, and highest average salary. See HR for details. Current federal and state income taxes are reduced. Accidents must be reported immediately and claim filed with Colorado Compensation insurance authority in a timely manner. Contact campus police to file a claim.