Fringe Benefit Summary for Full-Time Faculty

Research Support

Faculty Grants (All permanent, continuing faculty and full-time visitors)

Faculty may apply to the Faculty Grants Committee for funds for support of research or creative activities.  Please visit the committee's website for more information on the type of funding available, how to apply, and deadlines for proposals.  There are three deadlines each academic year; faculty may only be awarded one grant of each type per year.  

Sabbatical Leaves (Tenure-track and Tenured Faculty)

For Assistant Professors prior to receiving tenure, a one-semester sabbatical at full salary after six semesters of full-time teaching and a successful reappointment review. 

For Associate Professors after receiving tenure, a one-semester sabbatical at full salary after six more semesters of full-time teaching and a successful tenure review.

Thereafter, a one-semester sabbatical leave at full salary after eight semesters of full-time teaching (or a year-long sabbatical leave after sixteen semesters).

Scholarly or non-scholarly leaves of absence may be arranged through consultation with the Department Chair and the Dean of Faculty.

Health, Disability, and Life Insurance

Medical and Dental Insurance

A choice of three insurance products (Point-of-Service, PPO, and HMO) through Blue Cross/Blue Shield of Massachusetts. Dental coverage offered separately through Blue Cross/Blue Shield.  Current costs and other information available online

Coverage for Major Disabilities

Full salary for the first six months; after that (if enrolled in the Long Term Disability Plan) a monthly income benefit is provided; 40% of your basic monthly earnings, to a maximum monthly benefit of $6,666. Other options available for purchase. Benefits would begin after 180 consecutive days of disability.

Group Life Insurance, Accidental Death Insurance and Dismemberment

Base plan provided by the College. Equal to one times annual salary with a minimum of $15,000 to a maximum of $25,000. Additional coverage available.

Flexible Spending Accounts

Two accounts available: Health Care and Dependent Care.

Retirement

Retirement Annuity Plan

Defined contribution plan. Faculty are eligible for participation immediately if appointed for more than one year, or on the first anniversary of eligible employment, or if bringing TIAA-CREF contracts from another institution. Required contribution 5% of base salary over $2,083 a month ($25,000 in a calendar year). The College contribution is currently 10.5% of regular base annual salary. Additional voluntary employee contributions are possible.

Family

Maternity, Paternity, and Adoptive Leave

Parental leave is available to members of the teaching faculty holding a permanent (tenure-track/tenured or lecturer/senior lecturer) position, or to full-time visiting faculty starting in their second consecutive year of service and who will be under contract with Mount Holyoke for the duration of the leave.  Eligible faculty may receive a reduction of two courses to be taken either during a single semester or to be spread over two consecutive semesters without loss of salary or benefits.

Child Care

Child care facilities for infants through school-age children are available next to campus at the Gorse Children's Center At StonyBrook.  The center is administered by Bright Horizons and gives admission preference to children of the MHC community.  For rates and policies, phone 413-533-9819.

Tuition for Faculty Children (tenure-track)

Mount Holyoke College.  For dependent daughters of full-time or at least half-time employees after five years of service if the daughter is accepted as a full-time undergraduate student, tuition will be waived.  For dependent daughters of part-time employees tuition will be waived after the completion of the equivalent of five years of full-time service.

Other Colleges

Qualified employees may apply for the Tuition Exchange program after the completion of five years of service (five years of service for full-time and the equivalent of five years of service for part-time employees).  This program provides for tuition at additional colleges and universities.  More information can be found on the Tuition Exchange website.

Additional Educational Benefits

Members of the faculty and their spouses or same sex domestic partners and dependent children may take one course (4 credits) per semester for credit. Tuition will be waived.

Academic Career Network (partners and spouses)

Mount Holyoke College is a member of the Academic Career Network (ACN), a resource for dual-career couples which includes the Five Colleges and several other colleges and universities within commuting distance.

Housing

Moving Expenses for New Faculty

The Office of the Dean of Faculty will assist with moving costs for new faculty who must change their residence to accept employment at Mount Holyoke College. Faculty whose appointments are full-time and for at least one academic year will be reimbursed according to the following schedule:

    up to $750, if the move is less than 300 miles
    up to $1,000, if the move is over 300 miles, but less than 1,000 miles
    up to $2,000, if the move is over 1,000 miles, but less than 2,000 miles
    up to $4,000, if the move is over 2,000 miles 

Faculty Rental Housing (All Eligible Faculty)

Available as space permits to tenure-track and visiting members of the faculty, new faculty who arrive with tenure, and certain administrative personnel. The Rental Housing Office automatically contacts eligible faculty appointed full-time for a year or more.

Mortgage Plan for Home Ownership (Tenure-Track and Tenured Faculty)

The College offers a shared appreciation mortgage (SAM) for homes in South Hadley.