Benefits

Rensselaer Guide to Benefits (pdf)
Download 2022 Rensselaer Benefits Guide (pdf)

Total Compensation Program

Rensselaer’s Total Compensation Program is designed to provide stable pay growth, a comprehensive and affordable benefits package, and a comprehensive and affordable retiree medical and prescription plan.

Rensselaer is recognized locally and nationally for the depth and breadth of its compensation and benefits program.

Our goal is to provide you and your family with a comprehensive health and welfare program as an umbrella of financial security and protection during your employment.

Open Enrollment for 2023

What's New in Benefits for 2023

  • 2023 Benefits Guide
  • What's New in Benefits for 2023 (PDF) - highlights updates effective January 1, 2023. Such as:
    • important changes to CDPHP's Pharmacy Benefit Manager, Capital Rx
    • new CDPHP ID cards to be mailed to enrolled members (be sure your address in Benelogic is up to date!)
    • Guaranteed Issue Supplemental Life Insurance coverage for faculty & staff. You can elect to purchase additional coverage for yourself, a spouse and/or dependent children via our new Life Insurance carrier, Guardian
    • new 5-tier payroll cost structure for the medical program and updated pre-tax payroll deductions for 2023
    • updated FSA Health Care Savings Account maximum 2023
    • updated 403(b) maximum for 2023
    • and much more

Rensselaer remains committed to offering a comprehensive benefits package that is affordable to you and your family. The 2023 Benefits Open Enrollment Period runs from Monday, November 7 through Monday, November 21, 2022. This is your opportunity to enroll, drop, or change your coverage without a qualifying change-in-status event. We urge you to take the time to assess your benefit needs and review your current benefits in order to make informed decisions for the plan year beginning January 1, 2023.

Benefits-at-a-Glance

Benefits-at-a-Glance

Rensselaer is recognized locally and nationally for the depth and breadth of its compensation and benefits programs.

Benefits Eligibility

Benefits Eligibility

When can I enroll and when am I eligible?

Paid Time Off & Holidays

Paid Time Off & Holidays

Rensselaer provides employees with 10 paid holidays per fiscal year (July 1 to June 30).

Health/Dental/Vision Plans

Health Plans   Dental Plans   Vision Plans

Eligible employees have a choice between two medical plans: Rensselaer Health Plan (RHP) and Rensselaer HMO.

Flexible Spending Accounts

Flexible Spending Accounts

Flexible Spending Accounts (FSA) allow Rensselaer employees to reduce their taxable income by setting aside pre-tax dollars from each paycheck to pay for eligible out-of-pocket health care and dependent care expenses for themselves and their family.

Child and Elder Care

Child and Elder Care

Employee services are provided by New England Nanny, which provides high-quality, in-home, back-up dependent care on days when regular care is not available.

Employee Assistance Program

Employee Assistance Program

Free, confidential, in-the-moment support.

Healthy Campus Initiatives

Healthy Campus Initiatives

Keeping faculty and staff in good health

Discounts

Discounts

Rensselaer employees have access to a number of great discounts from a variety of companies that are otherwise not available to the public.

Insurances

Insurances

Information on COBRA, unemployment insurance, and HIPPA.

Leave Policies

Leave Policies

Various leave policies including military, medical, family, short term, and long term. 

 

Pre-Tax Parking

Pre-Tax Parking

All Rensselaer employees are eligible to park on campus by paying parking deductions on a pre-tax basis.

Retirement Plans

Retirement Plans

To help employees continue to receive retirement income once they retire, Rensselaer has established several types of retirement programs for workers who meet certain requirements.

Tuition Benefits

Tuition Benefits

Employees, their spouses, and dependents are eligible under certain conditions. 

Please note

This website only highlights the terms of the Institute's employee benefit plans and is not intended to take the place of the detailed information contained in what is known as the Summary Plan Description (SPD) for each benefit. The SPDs will continue to be available online at the Division of Human Resources for you to review.

The actual terms of the various employee benefit plans are stated in and governed by the formal plan documents.

Any inconsistency between the statements found here and the provisions of the applicable plan document(s) will be governed by the provisions of the applicable plan document(s). Except as provided in the applicable plan documents, Rensselaer shall have the exclusive authority and discretion to construe any uncertain or disputed term or provision represented in this site and in all plan documents.

A participant and/or beneficiary, including retirees, shall not have any right to benefits under the plans that in any way interferes with Rensselaer's right to terminate or amend any plan. Rensselaer makes no promise to continue plan benefits in the future and rights to future benefits will never vest (except to the extent as may be provided in a Rensselaer retirement plan).

While Rensselaer endeavors to let employees know of any policy change in a timely manner, we reserve the right to modify any policy without prior notification.

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