|
03 |
Refers to part-time/temporary, non-benefited employees who originally
were paid on the "03" line of the budget (now the CC line) |
|
403(b) |
Tax Sheltered Annuity; see TSA below |
|
Additional Life Insurance |
Another term for Optional Life Insurance |
|
Adjunct Faculty |
Part-time faculty members who teach on an as-needed basis |
|
AFSCME |
American Federation of State County and Municipal Employees, the union
representing the classified staff |
|
APA |
Association of Professional Administrators, the union representing
administrators |
|
BHE |
Board of Higher Education |
|
Calendar Year |
January 1 through December 31 |
|
CIC |
Catastrophic Illness Coverage; extended health insurance coverage for
the Commonwealth Indemnity Plan; see
Insurance Benefits |
|
COBRA |
Consolidated Omnibus Reconciliation Act; allows employee to continue
health insurance coverage after termination of employment; employee pays
the whole premium |
|
Colleague |
the computer software program used on campus to produce the local
payrolls |
|
COMECC |
Commonwealth of Massachusetts Employees' Charitable Campaign; the
annual fund-raising campaign for the United Way and other charitable
organizations |
|
DCAP |
Dependent Care Assistance Program; see
Benefits & Deductions |
|
DGCE |
Division of Graduate and Continuing Education |
|
EAP |
Employee Assistance Program; see
Benefits & Deductions |
|
EMPLID |
The six-digit employee ID number found at the top of your pay advice
that identifies you in HRCMS |
|
Fiscal Year |
July 1 through June 30 |
|
GIC |
Group Insurance Commission, the administrator of all group health and
life insurance as well as the DCAP and HCSA programs |
|
Indemnity Plan |
Any insurance plan (health or dental) that provides comprehensive
coverage without restrictions such as provider listings |
|
HCSA |
Health Care Spending Account; see
Benefits & Deductions |
|
HMO |
Health Maintenance Organization; a health plan that covers a specific
geographic region and requires you to use providers that participate in
the plan |
|
HR/CMS |
Human Resources/Compensation Management System; the Commonwealth's
computer software program that processes all payroll payments and
maintains employee records |
|
LTC |
Long-Term Care; refers to insurance that covers costs such as nursing
home and in-home health care |
|
LTD |
Long-term Disability; refers to insurance that provides a portion of
your income should you become disabled for a long period of time (e.g. 90
days or more) |
|
M-4 |
Massachusetts Employee's Withholding Exemption Certificate; indicates
number of allowances (exemptions) for state tax purposes |
|
MED/EE |
Medicare Tax; this is a portion of the FICA (Social Security) tax that
is deducted from all employees who began employment after April 1, 1986;
it appears on your pay advice as "MED/EE"; it is not health insurance |
|
MEFA |
Massachusetts' Educational Financing Authority |
|
MSCA |
Massachusetts State College Association; the chapter of the MTA/NEA
union representing the faculty and librarians |
|
MTA/NEA |
Massachusetts Teachers Association/National Education Association |
|
OBRA |
Omnibus Budget Reconciliation Act; requires the Commonwealth to provide
an alternate retirement plan for any employee not eligible for SERS or ORP;
see Benefits & Deductions |
|
Optional Life Insurance |
Term life insurance available to employees above and beyond the basic
$5000 life insurance included with every health plan; see
Benefits & Deductions |
|
ORP |
Optional Retirement Plan; available to faculty, presidents, vice
presidents and deans with less than 10 years of state service; see
Retirement |
|
PCE |
Program of Continuing Education |
|
PPO |
Preferred Provider Organization; a health plan that covers a larger
area than an HMO, but still maintains a list of providers that participate
in the plan |
|
SERS |
State Employee Retirement System; the Commonwealth's retirement plan in
lieu of Social Security; all benefited state employees (with the exception
of faculty, presidents, vice presidents and deans) must join SERS |
|
Term Insurance |
A type of life insurance that provides a benefit to your beneficiary
upon your death; it is not an investment policy and has no cash value |
|
TSA |
Tax-Sheltered Annuity; a program governed by the Internal Revenue Code
that allows employees of educational institutions to invest in annuities
and mutual funds with monies deducted prior to federal and state taxes;
see Benefits & Deductions |
|
U.Fund |
A payroll deduction program designed to allow employees to set aside
money for a relative's future college expenses; see
Benefits & Deductions |
|
Vested |
Eligible for retirement benefits |
|
W-2 |
Annual Wage and Tax Statement issued by your employer for tax-filing
purposes |
|
W-4 |
Employee's Withholding Allowance Certificate; indicates number of
allowances (exemptions) and marital status for federal tax deductions |
