In addition to their salaries and all of the intangible benefits that come along with working in a positive, Christian environment, Olivet employees are eligible for several benefits.
Medical, dental and vision care are administered through Blue Cross/Blue Shield of Illinois. Olivet Nazarene University is self-insured. Employee premiums are reviewed and set annually. The current premium rates are below:
Prescription coverage is provided through Blue Cross/Blue Shield of Illinois. Prescription costs are tiered at $10/$20/35.00 or 20 percent of drug cost. There is a 90-day mail order for prescriptions available, as well at $15/$25/$45 or 20% of drug cost.
Each employee is eligible to enroll in a Flexible Spending Account (FSA), which is used to pay out-of-pocket health care and dependent care expenses.
Upon employment, several optional insurance enrollments are provided: Life and AD&D insurance, accident and critical illness coverage, and long term care are offered that each employee may purchase.
Disability insurance pays approximately 60 percent of salary after six months of disability.
Employee contribution to the retirement plan, as well as ONU’s portion, will begin 30 days after start of employment. Employees can opt out of their contribution if they choose. The employer retirement contribution increases based on a schedule of years of service.
Leave time is awarded for staff employees, per the following schedule:
For the LORD gives wisdom; from His mouth come knowledge and understanding.