Employment & Benefits
This section provides an overview of many benefits available to exempt and non-exempt staff. In the event of conflict between the overview provided in this handbook and the plan document or insurance plan, the plan document or insurance plan will govern. Complete descriptions are not possible in the handbook; employees should contact Human Resources for specific plan details. The Labor Agreement governs in the case of Union employees in all aspects of this section. Regular employees who have a schedule involving a (.46) FTE or above are eligible to participate in the College’s benefit programs.
Carleton College will comply with all applicable laws such as FMLA, federal, state, and any applicable regulations.
Regular, benefit-eligible employees are provided with group term life insurance coverage. The amount is dependent on salary and age. All premiums are paid by the College. Contact the Office of Human Resources for more information.
Employee Term Life Coverage
A benefit is payable under this coverage if death occurs from any cause. If totally disabled when insurance ends, there are special provisions that may extend the death benefit protection. Under certain conditions life insurance may be converted to an individual contract.
- Less than age 50: 3.5 times your annual earnings, subject to a maximum of $250,000 rounded to the next higher $1,000 if not already a multiple of $1,000.
- Age 50-64: 2 times your annual earnings, subject to a maximum of $250,000 rounded to the next higher $1,000 if not already a multiple of $1,000.
- Age 65 or more: 1 times your annual earnings, subject to a maximum of $250,000 rounded to the next higher $1,000 if not already a multiple of $1,000.
Reduction in Coverage Due to Age: The Hartford will reduce the life insurance benefit for you by the percentage indicated in the table below. The reduction applies to the amount of life insurance in force immediately prior to that anniversary date.
Percentage by which current amount of coverage (after all previous reductions) will be reduced is as follows:
Your Age Your % Reduction
The "attained age" for a calendar year is the age as of January 1 of that calendar year. The entire cost of the insurance is paid by Carleton College. For complete details please review the Certificates of Coverages available on the Human Resources Web site or contact the Office of Human Resources.