Employment

List of 6 items.

• Tuition Remission

  Children of full-time employees enrolled at Falmouth Academy receive tuition remission for 90% of the cost of tuition, exclusive of any applicable fees. 

• Health Insurance

  Health Insurance Program 
  The School's health insurance program is available to all full-time salaried and hourly employees who work thirty or more hours per week. Falmouth Academy contributes toward the cost of the full premium. The employee's share of the monthly cost is established annually prior to the open enrollment period. All premiums contributed by the employee are withheld on a pre-tax basis. Coverage is effective on your first day of active full-time employment. 
  
  Healthcare Reimbursement Arrangement (HRA) 
  Offered as part of the school's benefits portfolio, HRA is available to all full-time salaried and hourly employees who work thirty or more hours per week and are enrolled in the school's health insurance program. This plan is Track Per Individual (TPI). This means that it is tracking the deductible and reimbursement per member/individual within the family. The employee pays the first half of medical deductible expenses; the Employer will then reimburse you for the second half if incurred within the plan year. Any unused funds will not carry over to the new plan year.
  
  Flexible Spending Account (FSA) 
  Section 125 Flexible Spending Accounts enable you to use pre-tax dollars to pay for both health care and dependent care expenses. This is an optional program providing employees the opportunity to set aside up to two thousand seven hundred and fifty dollars ($2,750) of pre-tax compensation in a calendar year to cover out-of-pocket medical expenses, as well as up to five thousand dollars ($5,000) pre-tax for reimbursement of eligible child/ dependent care expenses. Any new employees may choose to enroll in this program upon hire. Open enrollment is typically in November for the following calendar year. Following IRS rules, this is a "use it or lose it" plan, in which any funds not used are forfeited. Specific details of the plan may change each year. 
  

• Dental & Vision

  Dental Insurance 
  Offered as a part of the School's benefits portfolio, dental insurance is available to all full-time salaried and hourly employees working thirty or more hours per week. Falmouth Academy contributes toward the cost of the full premium. The employee's share of the monthly cost is established annually prior to the open enrollment period. All premiums contributed by the employee are withheld on a pre-tax basis. Coverage is effective on your first day of active full-time employment. 
  
  Vision Plan (VSP)
  Offered as a part of the school's section 125 plan, the employee may opt to pay the total cost of coverage on a pre­-tax basis through payroll. Coverage is effective on your first day of active full-time employment. 

• Life & Disability Insurance

  Group Life Insurance 
  Falmouth Academy pays the full premium for group life insurance for all full-time employees equal to 1 (one) times your annual earnings. This benefit does not apply to anyone working less than thirty hours, or whose engagement with Falmouth Academy is deemed to be temporary or seasonal in nature. Group coverage is effective on your start date. This is a taxable benefit for any portion of the employee's annual salary that exceeds fifty thousand dollars ($50,000). Accidental death and dismemberment (AD&D) insurance is equal to the amount of life insurance. 
  
  Long-Term Disability Insurance 
  Participation in the School's long-term disability program is required with all premiums paid by the employer. Falmouth Academy has provided for the cost of your coverage by adding the premium amount to your earnings. As a result, the long-term disability program is considered to be provided to you on a contributory basis with after-tax dollars, and benefits are considered nontaxable. Coverage takes effect on the first day of active full-time employment with the School. The Group Long Term Disability policy, subject to the terms of the policy, becomes effective following ninety days of continuous disability.
  
  Short Term Disability Program (STD) 
  An in-house short-term disability program is designed to cover the ninety-day elimination period at which time long-term disability becomes effective. FA compensates a disabled (as 
  documented by physician statement) full-time employee at full compensation for the first thirty days*, 80% of salary for the next thirty days, and 60% of salary for the remaining thirty days. *Note: All accrued sick time and personal or vacation leave must be used during the first thirty days of disability. Short-term 
  disability coverage is effective after a ten-day elimination period whereby an employee is unable to perform duties associated with their role. STD is available for full-time, active employees who work thirty or more hours per week.

• 403(b) Retirement Plan 

  403(b) Retirement Plan 
  Falmouth Academy believes in supporting its employees in their efforts to save for retirement. Falmouth Academy offers a 403(b) retirement plan in which employees may set aside pre-tax dollars now and defer until retirement. The plan is administered by TIAA and available to all regular employees. A matching contribution is available from Falmouth Academy for those who are at least twenty-one years of age and working a minimum of one thousand (1,000) hours per year.
  
  Falmouth Academy matches contributions dollar for dollar up to 5.99% of annual salary. Those employees contributing more than 5.99% will receive a maximum amount of up to 8% from FA. Employees are automatically enrolled upon their start date. Should an eligible employee choose not to participate in the School's Retirement Program the employee is required to sign a waiver.

• Employee Assistance Program (EAP)

  Employee Assistance Program (EAP)
  The Employee Assistance Program is designed to provide support and confidential assistance regarding legal, financial, and emotional issues, personal or work-related. The EAP helps employees and their families stay healthy, both in mind and body. Services are provided in partnership with an outside vendor. The use of the EAP is free to employees and eligible dependents 24/7 by phone or online. Contact the Business Office for a confidential meeting regarding the resources available.