Fringe Benefit Summary for New Full-Time Faculty
Faculty may apply to the Faculty Grants Committee for funds for support of research or creative activities.
Sabbatical Leaves (tenure-track)
For Assistant Professors prior to receiving tenure, a half-year sabbatical at full salary for their first leave. Thereafter, year-long sabbatical leaves at 80% of base salary after six years of teaching; one-semester sabbatical leaves at 80% after three years of teaching; or one-semester sabbatical leaves at full salary after six years of teaching. Faculty fellowships to supplement sabbatical pay are awarded on a competitive basis each year by the Faculty Grants Committee.
Leaves of Absence Without Salary (tenure-track)
May be arranged through consultation with Department Chair and the Dean.
Annual Travel Allowance
The Dean of Faculty provides an annual travel allowance to support faculty travel to conferences or other professional meetings. $1,750 per year if presenting a paper or otherwise on the program; $1,250 for attendance only.
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 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.
Maternity, Paternity, and Adoptive Leave
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.
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.
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
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)
The College offers a shared appreciation mortgage (SAM) for homes in South Hadley.