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Employee Benefits

Health, retirement, and wellness resources for College of Central Florida employees.

Benefits of Employment

Your employee benefits are an important part of your total compensation. As a full-time employee, you have access to a variety of health, financial, and wellness benefits designed to support you and your family. Many benefits are conveniently paid through payroll deduction, with some eligible for pre-tax deductions.

Florida Retirement System Pension Plan (FRS)

97% of costs are paid by the college (8-year vesting is required). Regular Class Members provide 3% of their salary designated to the FRS. This is a defined Benefit Plan.

OR:

Florida Retirement System Investment Plan (FRS)

97% of costs are paid by the college (one-year vesting required). Regular Class Members provide 3% of their salary. You choose the investments and watch them grow; you are responsible for the investment portfolio. This plan is portable, as you may take it with you if you have the one-year vesting. This is a defined-contribution plan.

Division of State Group Insurance, People First

The State of Florida offers a comprehensive insurance benefits package through the State Group Insurance Program as part of your total compensation package. Offers a Spouse Program for eligible employees who each work for a state, university, or college entity. Visit mybenefits.myflorida.com for more information.

$25,000 Life Insurance Policy Paid by CF

Offered through Securian Financial. The employee names the beneficiaries.

Voluntary Optional Term Life

Employees may purchase additional Optional Life coverage through Secruian Financial. May purchase in increments of 1x, 2x, 3x, 4x, or 5x up to ($500,00 max); up to 7x if you qualify ($1 million max).

Terminal Pay Benefits – Eligible after 10 years of service at CF

Payable to employees who retire or voluntarily terminate employment, giving advance notice of intent to resign or retire. Employees hired before 7/1/98 were compensated @ an amount equal to ½ the number of sick leave days accrued. After 7/1/98, compensated @ ½ the number of sick days up to 60 days.

Vacation Accrual

Accrual of vacation time changes over the years of service. 1 – 5 years 7.5 hours per month, 5- 10 years 9.5 hours per month, and over 10 - 11.5 hours per month.

Sick Leave Accrual

Each eligible full-time employee shall earn one day of sick leave for each calendar month of active service, or a major portion thereof, not to exceed 12 days each fiscal year.

Personal Leave

Employees may use up to 4 days per year for personal leave (deducted from accrued sick leave).

Paid Holidays and Breaks

Faculty and staff - receive 8 to 13 days; New Year's Day, Martin Luther King Day, a week for Spring Break, Memorial Day, July 4th, Labor Day, Veterans Day, Thanksgiving Day, and the Friday after, and 7 to 9 days for Winter Break. Your pay is spread over these days.

Tuition Assistance

Tuition Fee Waiver: Up to six hours per term for self and/or dependent(s) at CF. Tuition Reimbursement may receive reimbursement for up to three terms per fiscal year, as long as funds are available. More information may be found here.

Sick Leave Pool

Open to full-time employees (during open enrollment only) who meet the following criteria:

Employees are eligible to use sick leave pool time when all their own personal leave has been exhausted and upon receipt of a licensed physician's statement that the employee is unable to work, and estimating the duration of the inability to work.

Open Enrollment: Held in April and October.

VOLUNTARY DEDUCTION OPTIONS (PAYMENT AUTOMATICALLY DEDUCTED FROM PAYCHECK)

Section 125 “Cafeteria Plan”

A cafeteria plan, per section 125 of the Internal Revenue Code, is a program that employers can use to offer a variety of benefits (like options on a cafeteria menu) to employees, who may use pretax payroll dollars to pay for the benefits they select. By using benefits offered under a cafeteria plan, employees have more take-home pay, and employers save on FICA payroll taxes. Cafeteria plans have specific enrollment requirements under the Internal Revenue Code that employees must follow in exchange for pretax savings:

State Saving and Spending Accounts

Contribute pre-tax money into one of the health savings accounts for predictable out-of-pocket costs

State Shared Savings Program

Make an informed decision to reduce health care costs, and you receive rewards credited to your HRA. These funds pay for eligible medical, dental, and vision expenses.

State Supplemental Insurance

The State does not contribute to supplemental insurance, so you would pay the entire premium. As a convenience, the state deducts all premiums on a pre-tax basis. Accident, Cancer, Disability, Hospitalization, and Hospital Intensive Care.

❓ Questions? Contact Benefits