Benefits

Augsburg College offers a competitive and comprehensive benefits package designed to meet the needs of employees. Faculty and staff are eligible for benefits if they are .75 full-time equivalent (FTE) or above. Augsburg offers group medical, dental, and vision coverage through several different carriers. The College provides group term life insurance and accidental death and dismemberment insurance (ADD), and offers employees the opportunity to elect additional voluntary life and ADD. Augsburg also offers a retirement plan, paid holidays, generous paid time off, and tuition benefits. For more information, please read on or visit the additional webpages linked below.

Group Medical/Dental/Vision Coverage

For more information regarding health and welfare benefits, please see the Health and Welfare Benefits page.

Pre-Tax Flexible Benefits

For more information regarding pre-tax flexible benefits, please see the Health and Welfare Benefits page.

Group Life and Accidental Death and Dismemberment Insurance

A group term life insurance policy is provided for benefits-eligible employees. The coverage is equal to 1x base salary. The premium is paid by Augsburg. The Accidental Death and Dismemberment (ADD) policy doubles the amount of life insurance received if the death is accidental. It also pays partial benefits for the loss of limbs. Coverage begins the first day of the month on or following the date of hire.

Voluntary Life and Accidental Death and Dismemberment Insurance

An employee may choose to purchase additional life insurance and accidental death and dismemberment (ADD) insurance through this voluntary life/ADD insurance program.

Holidays and Paid Time Off

For more information about holidays, vacation, sick, personal leave, and other paid leaves, please see the Holidays and Paid Time Off page.

Retirement Plan

Voluntary employee participation may begin at any time. The matching part of the retirement plan may begin after one year of service. The plan has immediate vesting. For the match, employees contribute 5% of their base salary on a pre-tax basis and Augsburg matches with a 5% contribution. After 4 years of matching participation in the plan,  Augsburg contributes 8% and no employee contribution is required. Employees may choose to make additional voluntary contributions.

Tuition Benefit

Benefits-eligible employees and their spouses may take up to two classes per term according to policy guidelines. Dependent children of benefits-eligible employees may be eligible for tuition benefits at Augsburg College, ACTC Colleges, ELCA Colleges, and other colleges according to each program’s requirements. There is a one-year waiting period before attaining tuition benefit eligibility.

For more information about the ACTC tuition benefits, please see the ACTC Tuition Benefit page.