V. Benefits and Personnel Policies
Penn State offers both mandatory and voluntary benefit packages (the details of which are subject to change) as follows:
Mandatory Programs
Full-time faculty and staff members are required to participate in federal Social Security and one of the retirement plans. A new faculty/staff member, who is not on a J-1 or F-1 visa, may join either the State Employees' Retirement System (SERS) or the Teachers' Insurance and Annuity Association College Retirement Equity Fund (TIAA-CREF) retirement plan. The choice is irrevocable.
For a comparison of the retirement plans, please visit the Office of Human Resources (OHR) Web site at www.ohr.psu.edu/benefits/Retirement/RetireCompare.htm.
Penn State Faculty Handbook
Introduction
I. The Pennsylvania State University
II. Academic Policies
III. Instruction
IV. Research, Scholarship, and Creative Endeavors
V. Benefits and Personnel Policies
Mandatory Programs
Voluntary Programs
Workers' Compensation
Liability Insurance Coverage
Unemployment Compensation
Human Resources Services
Disability Services for Faculty
Personnel Policies
Transportation and Parking
Publications of Interest and Sources of Further Information
Appendix 1. University College
Contact
201 Old Main, University Park, PA 16802
Phone: (814) 865-2505
Fax: (814) 863-8583
Web page last modified September 30, 2011