As a state-funded institution, IMSA’s comprehensive employment benefits are provided by the State of Illinois. Our fiscal year for employment benefits runs July 1 – June 30. Retirement benefits are provided through the State Universities Retirement System of Illinois (SURS). The package offers:
Major Medical Plans
Vision Service Plan
Prescription Drug Plan
Prescription medication coverage is provided though the health plan’s Prescription Benefit Manager. Benefits include reasonable co-pays, pharmacy options and a maintenance medication mail service.
Flexible Spending Account Program
State employees are able to save money by taking advantage of several pre-tax programs. Options include flexible spending accounts (FSA), commuter savings program and the Deferred Compensation Plan including 457 and 403b. ConnectYourCare provides services for medical and dependent care flexible spending programs. Commuter Check Direct provides services for the commuter savings program.
The state of Illinois provides one times an employees annualized salary in term life insurance at no cost to the employee. Employees have the ability to purchase, at reasonable rates, an additional eight times their annualized salary, as well as dependent and spousal insurance. Services provided by Minnesota Life.
Behavioral Health Program
The behavioral health benefit can be used for the diagnosis and treatment of mental health and/or substance abuse disorders. The Employee Assistance Program (EAP) services are available to all employees, as well as dependents, enrolled in one of IMSA’s major medical plans. EAP benefits are provided through Magellan.
SURS Retirement Plans
State University Retirement System (SURS) administers IMSA’s retirement plan. Employees have several options to choose from including traditional, portable, and self-managed plans. SURS is reciprocal with other state retirement systems such as TRS and IMRF.
Excellent Vacation, Holiday, and Sick Leave Benefits
Full-time and part-time (less than .50 FTE) 12-month employees are eligible to receive paid time off in the form of vacation, sick and personal time. Full-time and part-time (less than .50 FTE) 10-month employees are eligible to receive sick and personal time. The Academy also recognizes a number of holidays.
State Benefits Information
Each year, the State of Illinois publishes updated information about employee benefits. That information can be found at one of the links below. If you have questions, please do not hesitate to contact IMSA’s Human Resources Department.