Employee Total Rewards
Total Rewards Overview and Compensation Philosophy
This benefits overview pageÌýis intended as a general description of the benefit plans and programs available to º£½ÇÉçÇø º£½ÇÉçÇø of Mines employees. The amount and availability of benefits are governed by one or more of the following:Ìý plan documents for each plan, state statute, state personnel rules, or Mines policies and procedures.Ìý Any conflict between the content of this overview shall be governed by applicable plan documents, statutes, rules, policies and procedures.Ìý º£½ÇÉçÇø º£½ÇÉçÇø of Mines reserves the right to modify, suspend or terminate these benefits at any time to the extent permitted by law. This information does not constitute an agreement of employment orÌýguarantee any particular benefit.
Mines is a top of mind, nationally recognized university, º£½ÇÉçÇø º£½ÇÉçÇø of Mines utilizes a compensation philosophy that positions total rewards offerings (direct salary and indirect benefits) to be market competitive within higher education. This combination of rewards is key to attracting, developing, and retaining the diverse workforce needed to fulfill the vision, mission, values, and strategic goals of the University.ÌýÌýIn addition, Mines prides itself on having a comprehensive benefits program that includes robust health and wellness benefits for all employees.
º£½ÇÉçÇø º£½ÇÉçÇø of MinesÌýchampions equitable, market-driven, competitiveÌýpayÌýpracticesÌýwithin an established set ofÌýguidingÌýprinciples:
- Market Competitive Pay:ÌýCompensation forÌýall employeesÌýin-line with the relevant labor market for work performed.
- Pay Program Equity:ÌýAdministerÌýcompensation programs to be internally fair and equitable across similarly situated positions and use the six compensable factors in the CO Equal Pay for Equal Work Act. Mines maintains a commitment to nondiscrimination, affirmative action, equal opportunity and equal access as reflected in the administration of its policies, procedures, programs and activities and in its efforts to achieve a diverse student body and workforce.
- Program Flexibility:ÌýMines’ compensation programs are designed to be agile in relation to evolving market trends, talent supply, and best practices.
- Pay Communication:ÌýCommunicate openly with employees about their salary range, compensation, and total rewards value proposition.ÌýPost all jobs with hiring ranges in accordance with the CO Equal Pay for Equal Work Act.
The compensation program is reviewed annually to adjust as other factorsÌýand emerging trends ariseÌýand to ensureÌýongoing equity and market competitiveness.Ìý
Benefits Office Hours
Monday – Thursday 11am – 1pm
We offer in person or virtual benefits counseling by appointment only. Please review the Total Rewards webpage prior to your appointment. If you are classified, please visit the State of º£½ÇÉçÇø Benefit page.
We also offer a weekly virtual meeting on electing/changing benefits in Workday every Friday from 10am- 11am MST.
Summary of Benefits
º£½ÇÉçÇø State Employee Assistance Program: Services & Training
C-SEAP provides a multitude of services to state employees.Ìý You can find more information by checking outÌý
TRAINING:
are open to all employees though some information may seem more relevant to managers, supervisors, and HR staff.Ìý Webinars are free-of-charge, available on a first-come first-served basis, and some may be provided as an on-site presentation.
to register for webinars and find other tools/resources including information about workplace traumas or critical incidents, reasonable suspicion, and descriptions of CSEAP services
2024 Step Pay Program
2024 Step Pay Program for State of º£½ÇÉçÇø Employees
To learn more about the Step Pay Program, .
988 Suicide & Crisis Lifeline
988 Suicide & Crisis Lifeline
Need Support Now?
If you or someone you know is struggling or in crisis, help is available. Call or textÌý988 or chat
The resources and information on this site are designed to help states, territories, tribes, mental health and substance use disorder professionals, and others looking for information on understanding the background, history, funding opportunities, and implementation resources for strengthening suicide prevention and mental health crisis services.
RETIREMENT PLANS
Mines does not participate in the Social Security program. In lieu of Social Security, most non-student employees must enroll in either the Mines Defined Contribution Plan (MDCP) or the º£½ÇÉçÇø Public Employees Retirement Association (PERA). Each plan has specific eligibility requirements. Both of these plans are mandatory and employees do not have the option to opt out. Employee contribution is set to 11% as of 2023.
FACULTY MEMBERS (Academic, Administrative, Research, Library, and Athletics)
Mines Defined Contribution Plan (MDCP) Corebridge Financial:
Most new faculty members hired January 1, 2017 and later qualify for enrollment in the Mines Defined Contribution Plan (MDCP).Ìý Employees and Mines will both make fixed contributions to the plan. Employees have a variety of independent investment options to choose from. ÌýRecordkeeping services and free financial advising are provided through Corebridge Financial Services. (ClickÌýto see MDCP SPD Summary)Ìý
Link to Corebridge ()
Click a virtual meeting or phone appointment.Ìý
º£½ÇÉçÇø PERA
New Mines faculty members hired January 1, 2017 and later may elect enrollment in the º£½ÇÉçÇø PERA Defined Benefit Plan in lieu of the MDCP if they have a least one year of º£½ÇÉçÇø PERA Defined Benefit Plan service credit. Mines faculty members hired before January 1, 2017, who did not make an MDCP election during the special 2017 election period are also º£½ÇÉçÇø PERA members. For more information please see the º£½ÇÉçÇø PERA website.
Link to º£½ÇÉçÇø PERA: ()
UPCOMING PERA CHANGES:Ìý
Impact of PERA Changes: SB-200
Automatic Adjustment Provision
CLASSIFIED STAFF
State of º£½ÇÉçÇø classified staff are provided two options for their retirement plan:
Defined Benefit Plan
Defined Contribution Plan
PERA choice sign up form is available via Workday.
Employees have 60 days to choose or they will be defaulted to the Defined Benefit Plan.
Link to º£½ÇÉçÇø PERA ()
Link to schedule a virtual webinar if you are a new hire or ready for retirement ()
Link to FAQs ( )
VOLUNTARY RETIREMENT PLANS
Mines 403(b) Plan
The Mines 403(b) plan offers investment in a variety of independent mutual funds, as well as, a self-directed brokerage option. The plan offers both a traditional pre-tax account and a Roth Option. Services including free financial advising are provided through Corebridge Financial Services. For more information please contact Corebridge Financial Advisors (information below). To enroll in the 403(b) or change contribution amounts please log in to Workday.
- : Courtney Watson
Email: courtney.watson@corebridgefinancial.com
Telephone: 719-396-4647
- : Julianne Buttler
Email: julianne.butler@aig.com
Telephone: 720-636-5239Ìý Ìý720-962-8000 (District Offices)
PERAPlus Program
This program is open to employees regardless of eligibility to participate in the PERA Defined Benefit Plan. The PERAPlus program offers both 401(k) plan and 457 plan options. Both traditional pre-tax and Roth options are available. For more information please see the PERAPlus website at:
Link to PERAPlus:
Enrollment in the PERAPlus 401(k) and 457 voluntary retirement savings plans is available at any time. Both plans offer the same PERAdvantage investment options and Empower Retirement is the recordkeeper for both plans.
All beneficiary assignments for retirement are directly made in Corebridge or PERA.
Notice to Employer of Injury
If you are injured on the job, you have rights under the º£½ÇÉçÇø Workers’ Compensation Act.
Virtual/Telehealth Options
HIPAA INFORMATION
COLLEGEINVEST
CollegeInvest is a not-for-profit State of º£½ÇÉçÇø agency. Advantages of participating in the CollegeInvest 529 Plan include:
- Contributions are deductible on your º£½ÇÉçÇø State Income Tax Return
- Earnings grow federal and state tax free
- A variety of investment choices are available including a FDIC insured account
- Set-up monthly contributions via Mines direct deposit
- No restrictions on who can contribute, the number of accounts or beneficiary
More information is available on .
DISCOUNTS AND SERVICES
| Financial and Food Assistance | |
*Must have a valid Mines email account to obtain discounts
Benefits for Eligible Employees
Bright Horizons Care Advantage
Full & Part Time Mines faculty and staff have access to subsidized, low-cost, child, adult, and elder care through Bright Horizons Care Advantage® This program offers high-quality care when your regular family care arrangements fall through.Ìý Simply register and when you need care either request care online, through the app, or 24/7 by calling the Bright Horizons contact center. The program also offers self-serve resources to arrange ongoing childcare, babysitters, elder care and pet care.
Paid Holidays
º£½ÇÉçÇø º£½ÇÉçÇø of Mines observes 12 holidays. ÌýMines observes an alternate holiday schedule, whichÌýgenerally provides employees time off between Christmas and New Year’s, as well as other holidays throughout the year.
See more information on paid holidays by checking out the Mines Holiday Calendar.
Leave Sharing Bank Program
Any employee of the º£½ÇÉçÇø º£½ÇÉçÇø of Mines with at least one year of service is eligible to participate in theÌýLeave Sharing Bank Program.ÌýÌý
Employees may donate annual leave to be used by a qualifying employee experiencing a catastrophic medical hardship, either personally or by an immediate family member, in order to provide some income protection when the employee would be absent from work for a prolonged period of time and has exhausted all annual and sick leave.Ìý For more information please contact the Benefits Manager at extension 3052.
Employee Tuition Waiver
º£½ÇÉçÇø º£½ÇÉçÇø of Mines employees may apply to take one 3.0 credit hour class per semester, up to a total of 6.0 credits per academic year, and have tuition and fees waived for those courses other than a technology fee associated with course registration. Courses may be taken for credit or not-for-credit (audit). To take classes, the employee must apply as a Non-Degree Seeking student and note the class he or she wishes to register for on the application.
Feel free to find more information on the Registrar’s Office website regarding Employee Tuition Waivers.
Mines Dependent Tuition Reduction Benefit
Wellness Fair
Mines Wellness Fair
Save the Date!
The 2023 Wellness Fair is November 9th from 8am-2pm in the Student Center Ballrooms A, B. and C.Ìý ÌýHope to see you then!
Employee Relief Fund
Employee Relief Rund
Visit the Employee Relief Fund page for more information.