3356-7-30. Fringe benefits, full-time professional/administrative employees (exempt)

(A) Policy statement. The university is committed to employment practices that promote the health and welfare of its employees and to ensure the ability to recruit and retain high quality employees. Through its various fringe benefits packages, it offers employees incentives to pursue additional education, to take advantage of events, activities and performances offered, and to otherwise enhance each employee's standard of living.

(B) Parameters. The university may provide these and other fringe benefits for full-time professional/administrative employees:

(1) Discount programs. Employees may receive discounts for the purchase of athletic and theater tickets and for bookstore purchases for the personal use of employees and their immediate family as follows:

(a) Athletic and theater tickets - fifty per cent discount;

(b) Bookstore purchases - twenty per cent discount for purchases over five dollars.

(2) Use of university facilities. Employees may use the resources of the Maag library and campus recreational facilities and areas during normal hours of operation when the use does not conflict with scheduled activities.

(3) Parking program. All persons who operate or expect to operate a motor vehicle on university property must obtain and display a valid Youngstown state university parking permit. Permits are provided by the university. Further, any person who operates a motor vehicle on university property is expected to abide by the university traffic and parking rules and regulations.

(4) Retirement programs.

(a) State teachers retirement system ("STRS") is a state retirement system that offers both a defined benefit and a defined contribution plan for members of the faculty.

Participation involves contributions from the individual and the university based upon annual gross salary.

(b) The employee contribution to the defined contribution plan, STRS Ohio alternative retirement plan ("ARP"), will be in an equal amount as for the defined benefit plan. The university will contribute for each eligible employee electing to participate in the STRS Ohio ARP an amount equal to the amount that would have been contributed to the defined benefit plan. STRS may apportion some amount of the university's contribution to the STRS defined benefit plan.

(c) Public employees retirement system ("PERS") is a state retirement system which is a defined benefit plan for nonteaching employees. Participation involves contributions from the individual and the university based upon annual gross salary.

(5) Deferred compensation program. Eligible employees who are members of PERS and STRS may participate in the Ohio public employees deferred compensation program. Under this program, eligible employees may defer a portion of their income from current liability for state and federal taxes via available investment options.

(6) Tax-deferred annuity program.

(a) Eligible employees may elect to defer a portion of their income to an annuity contract or custodial account within the provisions of the Internal Revenue Code.

(b) The university assumes no responsibility regarding the advisability or appropriateness of any annuity contract or custodial account or for any tax consequences resulting from such investments.

(C) Employees who are members of a bargaining unit are provided with fringe benefits in accordance with the terms and conditions of the appropriate collective bargaining agreement.

(D) The chief human resources officer is authorized to develop procedures to implement these benefit programs.

Replaces: 3356:1-17-27

Effective: 5/27/2011
Promulgated Under: 111.15
Statutory Authority: 3356
Rule Amplifies: 3356
Prior Effective Dates: 7/15/99, 1/31/00, 1/6/03, 6/16/03