Benefits Summary

Pay Periods Pay periods are monthly.  Compensation is on the last working day of the month.
Pay You may elect direct deposit in any financial institution, or receive a physical check.
Tax Saver 125 Plan All employees are eligible to have premiums for dependent insurance coverage for medical, dental and vision insurance deducted on a pre-tax basis.  This is a salary reduction program, which allows the employee to save tax dollars.
Medical Insurance
Wellmark Blue Cross Blue Shield of Iowa
Simpson offers four Wellmark Blue Cross Blue Shield of Iowa plans as medical insurance options.  A comparison sheet is available from the human resources office.  Simpson pays $435.46/month for full-time employee coverage.  An employee, through a Tax Saver 125-payroll reduction, may pay dependent or family coverage. Employees who are covered through a spouse’s medical plan may sign a medical waiver and receive:  a check in June for $75 times the number of months medical insurance is waived, have $75 added to their retirement fund each month, or apply the money to their dental/vision premium.
Dental/Vision Insurance
Ameritas Life Insurance Company
Dental & Vision insurance is available through Ameritas Life Insurance Company.  Simpson pays one-half ($22.74) of the single monthly premium and the employee is responsible for the other.  Employees also have the option to waive coverage.  Dependent or family coverage may be purchased and paid by the employee through the Tax Saver 125-plan payroll reduction.  Premiums for the dental/vision combination are as follow:  Employee is $45.48, Employee + Spouse is $83.08, Employee + Child(ren) is $94.78, and Employee + Family is $132.39. Dental insurance:  This coverage is broken down into three categories. Type I procedures include exams, x-rays, cleanings, fillings, surgery, root canals, gum disease treatment and denture repair.  There is a $25 lifetime deductible.  Benefits the first year are paid at 70% of reasonable and customary cost. This benefit increases by 10% every year until 100% coverage is attained.  A participant or covered dependent must visit the dentist annually to receive the next benefit level, or to maintain 100% coverage.  Type II procedures include bridges, dentures, crowns and gold inlays have a $25.00 per calendar year deductible.  The insurance company pays 50% of reasonable and customary charges.  Type I and Type II procedures have a combined maximum annual benefit of $1,000.00.  Orthodontic coverage is available to all ages with a $1,000 lifetime benefit, as long as no orthodontic work has begun prior to enrolling in the plan.  A more detailed plan description is available in your enrollment booklet.  All dentists are covered under the plan.Beginning October 1, 2009, you’ll have access to Ameritus Group Participating Provider Organization (PPO) network.  Our PPO network provides valuable cost savings with the care you deserve.  Benefits include:Real Out-of-Pocket Savings – You may receive substantial discounts on covered services when you visit a PPO provider.

Care from Quality Providers – Only dentists who adhere to our credentialing and quality assurance requirements are able to join and remain in our network.

A Range of Covered Procedures – We offer discounted fees for virtually all covered procedures, not just a few of the common ones.  Plus, most of the dentists on our network offer discounts on non-covered procedures.

Your plan and benefits are not changing and you can continue to visit any dentist you choose.  However, after October 1, your out-of-pocket costs for dental services may be reduced if you choose a PPO provider.  If you visit a dentist outside the PPO network, you’ll still be reimbursed at your current claim allowance.

If you’d like to find a dentist in your area who is part of the PPO network, follow these simple steps:

  1. Visit and select FIND A PROVIDER, then DENTAL.
  2. Choose to search by location or search for a specific dentist or practice.
  3. Enter your search criteria and you’ll receive a list of providers that includes provider name, office location, phone number and more.
  4. Or, call us at 800-755-8844.

We’ve included an updated ID card that indicates you’re eligible to receive any applicable discounts when visiting a PPO provider.  After October 1, 2009, please be sure to take this new ID card with you when you visit a provider.   This is your new card and you should use it whether or not you choose to visit a dentist on the PPO network.  Feel free to contact us with benefit questions at 800.487.5553.

VSP Vision Insurance:  With a $10.00 co-pay you will receive one eye exam and lenses once every 12 months and frames every 24 months.  Contact lenses are an option in lieu of both frames and lenses.  Maximum benefits are available from a selected panel doctors.
Coast to Coast Vision Plan Offers discounts on prescription glasses, contact lenses, eye exams and non-prescription sunglasses at participating locations for $25.50/year.
Tax Saver Select This benefit allows the employee to save tax money on eligible non-reimbursed medical expenses (i.e. deductibles, co-insurance) and for qualified child care expenses (day care centers or child care providers).  The amount is payroll deducted on a pre-tax basis from the salary and held in reimbursement accounts.  Reimbursements are processed on a monthly basis for employees who have submitted claims for eligible expenses.  More details on the eligible reimbursements are available in the human resources office.
TIAA/CREF A voluntary retirement plan is available after one year of employment to all employees over age 21 who work at least 1000 hours per year.  Participating employees are required to contribute a minimum of 5% (up to a government-defined maximum) of their annual salary to the TIAA/CREF retirement plan to be eligible to receive the Simpson contribution of 8% of their annual salary.
Life Insurance Simpson carries life insurance on employees in the amount of 1 ½ times the employee’s annual salary rounded to the nearest $1000.  Supplemental coverage may be purchased through payroll deduction.  More details on additional coverage may be obtained in the human resources office.
Long Term Disability Insurance The College provides disability coverage.  This insurance provides twenty-four hour coverage against total disability occurring because of sickness or injury.  The terms of this policy guarantee that after 90 days of total disability the maximum monthly benefit, including Social Security and Worker’s Compensation, will be 60% of the first $6,000 of monthly salary base.  In no event will the monthly income benefit be less than $100.  The insurance will also provide 13% of the monthly salary to the retirement account of the disabled, if they were participating in the retirement program at the time of the injury.  This benefit will be paid to age 65 or until the employee is able to return to working in their own profession.  The College pays the total insurance premium for all eligible employees.
Tuition Remission and Tuition Exchange Tuition Remission and Tuition Exchange benefits for the employee are available at the beginning of the term after the start of regular full-time employment.  Educational benefits are available for an employee’s immediate family members after one year of full-time employment.  The exchange lists and all needed forms may be obtained in the human resource office.  Complete guidelines are listed in the Employee Handbook.  Reference lists may also be viewed at and
Vacation Exempt personnel normally will receive twenty 20 working days of vacation per year.  This vacation is considered a privilege and not a right.  In order to benefit from a vacation, it must be taken.  Vacation privileges are not intended to provide additional pay in lieu of waiving the privilege.  Vacation accrues at the rate of 13.34 hours per month.  Generally an employee must work at least six months before becoming eligible for any paid vacation. Non-Exempt personnel will receive vacation with pay if working at least half-time on a twelve-month/year basis.  A full-time employee must work at least six months before being eligible for paid vacation.  Vacation for full-time non-exempt employees accrues at 10 days/year for the first five years and increases to 15 days/year the 6th through the 15th years.  After 15 years of full-time employment, the employee is eligible for 20 days of paid vacation.