Paid Time Off
Graceland has generous paid time off allowances. Typically, full-time, 12-month employees receive 4 weeks of vacation, approximately 13 paid holidays and 12 sick/personal days every fiscal year. Paid time off is awarded at the beginning of every fiscal year so you don’t have to wait to earn it throughout the year. New employees receive a prorated allowance at the start of their employment, depending on their start date
Graceland pays for life insurance equal to the employee’s annual salary up to a maximum of $50,000. Graceland also provides $2,000 coverage on spouse and dependents. Supplemental life insurance is available for employee purchase.
Accidental Death and Dismemberment Insurance
Graceland pays for coverage on the employee equal to their annual salary. This insurance provides coverage 24 hours a day in the event of an accident. Optional coverage is available for purchase by the employee.
Graceland provides long-term disability coverage. This insurance will replace 60 percent of wages in the event that the employee becomes disabled and is unable to work for longer than 90 days. There is no cost to employees for this insurance.
Flexible Spending Account/Health Savings Account
Pre-tax money set aside for eligible medical expenses/daycare expenses.
Employees may purchase this voluntary insurance policy to cover themselves and/or their family members at either $10,000 or $30,000. This benefit pays a lump sum benefit following the diagnosis of a covered critical illness like heart attack, cancer, stroke, and others. Rates are locked in at the age the policy is purchased at. Rates do not go up when you go into the next age bracket. Rates are based on age and smoker/non-smoker status.
Employees may purchase this voluntary accident insurance to cover themselves or their family. Premiums are low. Coverage is off-the-job only. From fractures to stitches and more, the policy covers a range of core benefits. There is a Wellness Rider that pays a f$50 or $75 wellness benefit for having a preventive check-up.
Employees may purchase this benefit that provides flexible options that make it easy to meet costs. You can use your hospital indemnity benefit to help cover related expenses like lost income, childcare, deductibles, and copays.
Graceland University Retirement Plan II
Employees are eligible to contribute their own money into this 403(b) plan immediately upon hire. Employees may contribute pre-tax or after-tax money into this plan. After one year of service in which at least 1,000 hours have been worked, Graceland will match employee contributions 50 cents on the dollar up to 6% of the employee’s pay. Graceland will also make an additional discretionary contribution every month after one year of service. Principal administers this plan.