Benefits for Faculty and Exempt Employees

Health Benefits

UNC Benefits Overview for Exempt and Faculty Staff PDF

 

Retirement Benefits

Mandatory Retirement Plan – The University requires all employees to contribute 8% of your salary towards your requirement plan.  Employees may choose one of four retirement vendors: PERA (you must have already been in PERA for one year to enroll), TIAACREF, Metlife, or VALIC.  The University contributes 11.5% of your salary to TIAACREF, Metlife, or VALIC which are all 401(a) retirement plans and 10.15% to PERA, which is a defined benefit plan.  The retirement plans are in lieu of Social Security, which is not an option at UNC.

Supplemental Retirement Plans – Employees may also elect to contribute additional retirement funds through payroll deductions by enrolling in a 403(b) or 457 plan.  These deductions are tax deferred income. A list of providers can be found here.

Additional website information for vendors is listed below:

Glossary of Investment Terms - This link provides information on common investment terms employees may see when reviewing retirement plans or prospectus.

Leave Benefits

Short-Term Disability (Sick) LeaveFull-time administrative /professional exempt staff employee shall be entitled to a maximum of ninety (90) days of fully compensated leave for short-term disability each fiscal year.  See Board Policy Manual, Section 2-2-302 Short-Term Disability (Sick) Leave, for more information.

Paid Vacation LeaveFull-time administrative/professional exempt staff shall accrue sixteen (16) work hours of vacation leave every calendar month of employment.  See Board Policy Manual, Section 2-2-301 Vacation Leave, for more information.

Affiliations

 



Faculty-Administrative Exempt Benefits and Leave Staff

Workers' Compensation Leave: George Bielinski
Benefits and Leave Administration: Julie Nava