VCOM Faculty Handbook

submitting the necessary documentation as well as submission of claims. The Human Resources Director can assist employees with any questions.

Group Life and Disability Insurance All full-time VCOM employees participate in the group life insurance plan. Coverage will begin with the first full month of employment. VCOM provides this coverage at no cost to the employee. However, the cost of any life insurance over $50,000 is currently taxable income to employees. VCOM reports the benefit as taxable income. This plan provides life insurance and accidental death and dismemberment insurance during active employment. Specific benefits are: life insurance without a medical examination; indemnity for accidental death; dismemberment payments for accidental loss of one or more limbs, or eyesight; and natural death benefits. The amount of your coverage is twice the employee’s annual salary rounded to the next highest thousand. For example, if an employee’s salary is $35,200 annually, when doubled it is $70,400. Rounded to the next highest thousand it becomes $71,000 paid at time of natural death. For employees over the age of 65 years, the death benefit is reduced. Employees should review the life insurance booklets provided at the time of employment for further information. When individuals are first employed with VCOM, they will be asked to name a beneficiary for this life insurance coverage. Should an employee decide to change this information at any time, they should notify the Human Resources Director. All eligible employees are enrolled in the school’s Short-Term Disability as well as Long-Term Disability coverage. These benefits are provided at no cost to the employee. For more details, contact the VCOM Human Resources Director. The life insurance provider is periodically reviewed by VCOM and is subject to change. Education Assistance VCOM provides a limited amount of monies annually for reimbursement to employees who are furthering their education in an area that will further the mission of the college. Employees must be full-time, working a minimum of 32 hours or greater a week to be eligible for educational aid. The budget allotted for educational aid is limited annually; therefore, the educational aid is competitive. More information can be found at: VCOM’s Policy on Educational Aid for Employees (#U003). CPE/CME and Professional Dues VCOM provides funding for continuing professional education (CPE)/continuing medical education (CME) and professional dues and fees to full-time faculty and administrative staff who typically are at the director level or higher. The purpose of such money is to support the education of the faculty/staff member to assure they remain current with educational, biomedical sciences, and medical information and to maintain certain certifications required for their employment. This money is a limited amount determined annually and employees should contact their supervisor to learn if they have a CME/CPE and/or dues budget and the amount that has been allotted to them. These funds are not a gift of money to be used for purposes other than education. The amount must fall

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