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 with RX plan (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 basic annual salary. Coverage is effective the first of the month following one full month of employment. Premium costs are paid by the University.

DENTAL INSURANCE - Employees may elect dental insurance through Aetna. 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 - Employees and their dependents may attend undergraduate classes at Rider without payment of tuition.  Employees may attend graduate courses at Rider exempt from tuition costs. Dependents may attend graduate courses at Rider exempt from one-half the tuition cost. Tuition remission details.

WORKER’S COMPENSATION and TEMPORARY DISABILITY INSURANCE - Coverage is effective upon date of hire. Insurance benefits of two-thirds salary up to State limits are supplemented by the University on a graduated schedule based on length of service (see details).

LONG-TERM DISABILITY - Benefits of two-thirds monthly salary up to the highest paid AAUP member are payable to age 65 after six months of disability. The cost is paid by the University. Coverage is effective after one year of employment or upon date of hire if the employee had coverage with a previous employer within 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 next 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 the employee becomes totally disabled and are enrolled in the plan, the University will continue a 13.00% contribution to the 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 receive twenty vacation days per fiscal year. Employees 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.