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State Bar of Texas Benefits Overview
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As a State Bar of Texas employee, you are eligible for benefits as administered
by the Employees Retirement System of Texas. The State pays 100% of full-time
employees’ premium cost and 50% of their dependent’s premium
cost for health insurance. Full-time employees are those that work 40
hours or more per week. The State Bar reserves the right to revise, amend,
or discontinue any policy or benefit at any time and without prior notice.
This does not create a contract or a guarantee of employment for any specific
duration or establish a "just cause" termination standard. The State Bar
of Texas provides the following benefits:
MEDICAL
Health coverage is available for both you and your eligible dependents.
You may choose from the following plans: HealthSelect, or an approved Health
Maintenance Organization (HMO) that provide services in your area. There
is a 90-day waiting period before you are eligible to use your health insurance.
You and your eligible dependents may enroll in the group insurance program
at retirement if you are 65 and have 10 years of service.
DENTAL
Dental coverage is available for both you and your eligible dependents.
The State Bar offers two dental plans: one is a dental health maintenance
organization (DHMO) that restricts coverage to services provided by participating
dentists. The other is a dental indemnity plan that allows you to choose
any dentist. The Indemnity plan's benefits increase each year during the
first three years of enrollment.
LIFE INSURANCE
When you enroll in the health plan, you automatically receive Basic Term
Life insurance ($5,000 of Term Life and $5,000 of Accidental Death &
Dismemberment). You may purchase Optional Term Life insurance with Accidental
Death & Dismemberment coverage (one, two, three, or four times your
annual salary) up to a maximum of $400,000. Term Life provides a benefit
to your beneficiary in the event of your death. Accidental Death & Dismemberment
provides an additional and equal benefit to your beneficiary in the event
of your accidental death as well as benefits to you in the event of certain
accidental injuries.
DEPENDENT TERM LIFE
Dependent Term Life ($5,000 of Term Life and $5,000 of Accidental Death
& Dismemberment) insurance pays a benefit to you upon the death of your
covered dependent or in the event of certain accidental injuries. The cost
of this benefit is $1.65 per month regardless of the number of dependents
you may have.
VOLUNTARY AD&D
Voluntary Accidental Death & Dismemberment insurance provides a benefit
to you if you suffer certain accidental injuries, or, to your beneficiary
in the event of your accidental death. If you choose family coverage, a
benefit is provided to you if your eligible dependents suffer certain accidental
injuries or die as a result of an accident. The minimum coverage available
is $10,000 and the maximum coverage is $200,000.
DISABILITY COVERAGE
Both short-term and long-term disability coverages are available as optional
coverages. These coverages may provide a monthly benefit should you become
totally disabled. Short-term and Long-term disability pays 60% of the insurance
salary. Short-term disability covers up to 5 months of disability, and Long-term
disability covers up to age 65.
FLEXIBLE SPENDING ACCOUNTS
The Dependent Care Reimbursement Account (DCRA) allows you to redirect a
part of your pay into a tax-free account and then reimburse yourself for
eligible day care expenses for your child/children under age 13. The minimum
allowable deduction for the DCRA is $15 per month, and the maximum is $416
per month. The Health Care Reimbursement Account (HCRA) allows you to redirect
a part of your pay into a tax-free account and then be reimbursed for out-of-pocket
medical expenses for you and your eligible dependents. The minimum allowable
deduction for the HCRA is $15 per month, and the maximum is $416.
TIME AWAY FROM WORK
All State Bar of Texas employees accrue sick leave and annual leave on a
monthly basis. Full-time employees earn 8 hours of sick leave and a minimum
of 8 hours of annual leave per month. The amount of annual leave to
which you are entitled depends on your length of service. In addition, each
employee receives 24 hours of personal leave at the beginning of each fiscal
year. Part-time employees receive a portion of the full-time amounts.
STATE RETIREMENT CONTRIBUTION
Six percent of your gross monthly base salary is deducted each month as
your retirement contribution. This money goes into an individual account
and earns 5% simple interest per year. You may not borrow money from your
account, and you may not use your account money as collateral for a loan.
The State Bar of Texas contributes 6.45% of the salary of each employee
to help with the overall financing of retirement benefits. The State Bar’s
contribution goes into a separate account. Each employee is vested in the
retirement plan after 5 years of service. If you leave the State Bar and
take a refund of your contributions, you will not receive the State Bar’s
contribution.
STATE OF TEXAS DEFERRED COMPENSATION PLANS
The Texa$aver 401(k) Plan and the 457 Plan are voluntary supplemental retirement
plans offered to employees of the State. The Plans are administered in accordance
with Internal Revenue Code Section 401(k) and 457, which allows you to set
aside a portion of your gross salary and defer income taxes on your contributions
and earnings. The Plan allows you to choose the investment vehicle that
best fits your needs. There is no employer match for this plan.
For additional benefit information please visit www.ers.state.tx.us. |
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