Benefits Overview

MEDICAL INSURANCE - Rider offers three medical plan options that are underwritten by Aetna. An Open Access Point of Service (POS) Plan with a reimbursement that reflects: a) 100% in-network and 80% out of network, b) 90% in-network and 70% out of network and c) Health Maintenance Organization (HMO) with a $15.00 co-payment d)HMO plan RX coverage (new plan effective 1-1-2007). Employee contributions are based on coverage selected and salary. Rates are in effect for 12 months and are set each January. Coverage is effective the first of the month following one full month of employment.
Compare Aetna Plans.

LIFE INSURANCE - Group term insurance is provided through Aetna Life Insurance equal in value to two times the annual base salary to a maximum of $80,000 ($100,000 effective 1-1-2007). Coverage is effective the first of the month following six months of employment. Premium costs are paid by the University.

DENTAL INSURANCE - Employees may elect dental insurance through the Aetna dental plan. Employees are responsible for all premium costs.  A summary of the plan features is available in Human Resources. Dental Plan details.

CLICK HERE FOR Medical/Dental Plans Costs

TUITION REMISSION - After three months of service, employees may attend undergraduate classes at Rider without payment of tuition. After one year of service, their dependents may attend undergraduate classes at Rider without payment of tuition. Employees may attend graduate courses at Rider exempt from tuition cost. Dependents may attend graduate courses exempt from one-half of tuition costs. Tuition remission details.

WORKER’S COMPENSATION and TEMPORARY DISABILITY INSURANCE - Insurance benefits of two-thirds salary up to State maximums are coordinated with University paid sick leave of ten days per fiscal year. Coverage is effective upon date of hire.

LONG TERM DISABILITY - Benefits of two-thirds monthly salary are payable to age 65 after six months of disability. Premiums are paid by the University and coverage is effective after one year of employment or upon date of hire if the employee had coverage with a previous employer within the three months prior to hire.  Disability plan details

RETIREMENT PLAN - Rider has a defined-contribution retirement plan underwritten by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF). All regular employees are eligible to participate on a voluntary basis on the October 1 or April 1 coincident with or following the first anniversary of their employment.  This waiting period is waived for new employees who have completed one year of service with another employer maintaining a 403(b) plan. Eligible employees must contribute a minimum of 5% in order to participate, and the University provides a 8.00% contribution for each participant  Employee contributions are fully vested, and may be directed to fixed-income and/or equity vehicles. Supplemental Retirement Annuities, which have certain flexible provisions, are also available. In the event you become totally disabled and are enrolled in the plan, the University will continue a 13.00% contribution to your annuity contracts.

BENE-SAVE - Flexible spending reimbursement accounts may be established for medical and/or dependent care expenses. Contributions are made by salary reduction and reimbursements are not taxed. Employees are eligible for a supplemental University contribution beginning January 1 of the plan year, following completion of one year of service.  Flexible spending plan details.

PAID TIME OFF - Employees immediately begin to accrue vacation time at a rate equivalent to ten days per fiscal year and are eligible to begin using accrued time following 6 months of service (increases to 15 days per year after 5 years of service and 20 days per year after 10 years of service); up to two year’s allotment may be accrued.  Employees immediately begin to accrue sick time at a rate equivalent to 10 days per year; up to a total of 48 days.  Employees also receive four personal days per fiscal year, and shall be entitled to eight scheduled holidays and two floating holidays per year.

The above list is intended as a general guide and does not constitute the terms of a contract. These benefits are subject to the terms and conditions of each plan and may be amended at any time.