Human Resources

Benefits summary

Reed College offers a generous, comprehensive benefits package for faculty and staff who work at least half time (.5 FTE). Choose between excellent medical and dental programs, plan for your future with retirement options, enjoy generous vacation and sick time benefits, life insurance, tuition assistance and much more.

Medical insurance

Eligibility

Eligibility starts on the first day of the month following date of hire or transfer into an eligible position. Spouse, domestic partners of any sex and dependent children are eligible to join medical and dental plans.

Medical insurance

Choose between two plans: Kaiser HMO and PEHT Regence Blue Cross Blue Shield PPO plans. Reed pays 100% of the cost of the Kaiser plan for faculty and staff coverage and 50% of the Kaiser cost for eligible dependents. Reed pays this same dollar amount towards the Regence plans with employees picking up the cost difference.

Dental insurance

Choose between three plans: Willamette Dental, Kaiser dental and PEHT Regence dental plans. Reed pays 100% of the cost of the Willamette Dental plans for faculty and staff coverage and 50% of the Willamette Dental cost for eligible dependents. Reed pays the same dollar amount towards the Kaiser and Regence dental plans with employees picking up the cost difference.

Flexible spending accounts

Healthcare are and dependent care flexible spending accounts allow you to pay through salary reduction (and therefore from pre-tax dollars) any qualified healthcare related expenses not reimbursed by insurance plans and for certain dependent daycare expenses.

Time off

Holidays and administrative leave days

There are seven paid holidays per calendar year: New Years Day, Martin Luther King Jr. Day, July 4th, Memorial Day, Labor Day, Thanksgiving Day, and Christmas Day. Additional administrative leave paid days off are also granted at the discretion of the president of the college including half day Fridays during the summer.

Vacation and sick time for staff

Vacation time accrues on a per pay period basis starting with the first pay date at a rate of 22 days per year, pro-rated for less than full time. Sick leave is accrued at a rate of 1 day per month, pro-rated for less than full time.

Other insurance

Life insurance

Reed provides group term insurance in an amount of two times annual salary to a maximum of $300.000. The plan also provides accidental death and dismemberment (AD&D) coverage. In addition, eligible faculty and staff may choose to elect supplemental life and (AD&D) coverage.

Disability insurance

Eligibility begins at one year of service. Short-term disability is self insured by Reed. The college pays 60% of salary after all accrued sick leave and vacation leave is used if you are disabled for six months or more.

The long-term disability plan provides a monthly income equal to 60% of basic monthly earnings after 180 days of disability.

Retirement

Eligibility for Reed contributions into the plan starts after one year of service. Once eligible, Reed contributes the equivalent of 10% of pre-tax earnings into the plan. All faculty and staff are also able to make their own voluntary contributions.

The Teachers Insurance and Annuity Association and College Retirement Equities Fund (TIAA) hold the funds in this plan. Participants are immediately vested when the first contribution is made. All accumulations belong to the individual, regardless of whether or not they continue to be employed by Reed.

Retiree medical benefit

Regular faculty and staff working at least half time are eligible for contributions starting at age 40. The college makes a monthly contribution to a retirement medical account in your name. Contributions will begin at age 40 and continue for 25 years while working. Participants are vested when they reach age 55 or greater and have at least 20 years of service in a regular position of at least half time.

Education benefits

Tuition remission

Staff are eligible after completing at least 6 years and faculty are eligible if tenured. Spouse and partners are eligible for a waiver of two-thirds of Reed tuition. Dependent children are eligible for a full waiver for Reed and two-thirds waivers for any other accredited college.

Staff education assistance

Staff members have the opportunity to apply for up to $4,000 per year in education assistance to further their professional or personal development through formal education.

Transportation

Free parking

There is no cost to park in any of the parking lots on campus.

Discounts for TriMet

Reed faculty and staff are able to purchase monthly TriMet public transportation passes on campus and receive a 50% discount.

Bike commuting

Bike commuters may also be eligible for up to $240 in tax-free reimbursement from the college each year for bike expenses.

Other benefits

Lunchtime fitness classes

The wellness committee sponsors discounted lunchtime fitness classes from yoga to cardio.

Employee assistance program (EAP)

Eligible faculty and staff can use this program immediately upon hire. The EAP is a free and confidential benefit that can assist you and your family members with personal issues, including crisis, financial and legal counseling.

Home mortgage loan program

Regular full time faculty and staff with in 4th, 5th and 6th year of employment are eligible to apply for a loan from the college to make a down payment on a mortgage loan.

Backpacking co-op

Faculty and staff can rent backpacking gear from the co-op at no charge.

Reed cabin

This historic ski cabin on Mt. Hood is available by reservation year-round for use by Reed faculty and staff.

Sports center

The campus sports center is available at no cost to faculty and staff and their spouse or domestic partner and children. Facilities include weight room, cardio room, swimming pool and climbing wall.

Library

All college faculty and staff enjoy full privileges at the library. Reed ID cards serve as library cards and allow access not only to the library’s collection of books, but also to resources around the world via inter-library loan.

Dining

When eating in commons, the campus dining facility, faculty and staff receive a 10% discount on purchases with food flex dollars on their Reed ID cards.

This is a summary only and does not contain detailed information about eligibility and other specific information.