Benefits for Full-Time Employees
If you still have questions regarding employment after reviewing this page, please view our Frequently Asked Questions.
The University offers a group major medical plan that includes a hospital-based Preferred Provider Organization (PPO). Coverage becomes effective the first of the month following one month of full-time employment. Part-time employees who work an average of 30 hours per week may also be eligible.
Under the Transparency in Coverage Final Rule, plans and issuers will disclose pricing information to the public through machine readable files. The file for Millikin’s plan is accessible here: https://www.bcbsil.com/asomrf?EIN=370706154
The University's dental plan provides coverage for preventative services, minor restorative services, major services, and orthodontics. Coverage becomes effective the first of the month following one month of full-time employment.
The University offers a vision insurance plan. The plan provides discounts and co-pays for In-Network costs and reimbursement for Out-of-Network costs, including annual exams, contact lenses, single vision lenses and frames for employees, as well as, their dependents.
Critical Illness & Cancer Insurance
The University offers critical illness and cancer insurance that helps reduce daily stress about money, so an individual can focus on getting better. This plan pays a lump sum cash benefit directly to the employee, after a claim is approved, for a variety of covered conditions such as heart attack, stroke, and cancer. Full-time employees can choose between $5,000 and $20,000 of coverage, in $5,000 increments with a $20,000 guaranteed issue. If an employee elects coverage for themselves, they also have the opportunity to elect coverage for a spouse and eligible children.
The University provides life insurance equal to $50,000. Coverage becomes effective the first of the month following one month of full-time employment. The premium is paid in full by the University. The University also offers supplemental life insurance, which allows employees to purchase additional insurance for themselves and their dependents.
Long-term Disability Insurance
The plan pays 60% of your base salary up to a maximum benefit of $8,000 per month. This plan is paid in full by the University. Coverage becomes effective the first of the month following one month of full-time employment.
Defined Contribution Retirement Plan
The University-sponsored retirement plan is with IICU-MEP. Initial participation in Millikin's retirement plan is voluntary; however, participation becomes mandatory for full-time employees after six years of employment. After one year of eligible service, the University will contribute 5% of the employee's base annual salary, when the employee contributes 5%. (Part-time employees who work at least 1000 hours per year may also be eligible.)
The University provides a tax-efficient way to supplement retirement savings by offering a tax-deferred annuity. Generally, all employees are eligible to participate and may begin participating at any time, up to the IRS limits.
Flexible benefit plan
Under section 125 of the IRS Code, MU employees are allowed to set aside before-tax dollars in a reimbursement account not subject to social security, federal, or state taxes. From this account, employees may pay for medical and dental insurance premiums, health and dental expenses not covered by insurance, depended childcare expenses, and dependent eldercare expenses.
Sick and Vacation Days
The University provides 12 sick days and 20 vacation day per year.
The University provides the following paid holidays: New Years Day, Martin Luther King Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving Day and the following Friday, Christmas Eve, and Christmas Day.
Millikin grants full courtesy tuition waivers to full-time employees, their spouses and dependent children. Through Millikin's participation in collegiate exchange programs, dependent children may attend select colleges in addition to Millikin with no tuition if certain conditions are met.
Employees receive complimentary passes to regular season Millikin athletic events; access to tennis courts, weight room, and all-weather track and field complex; discounts on membership at the Decatur Indoor Sports Center (DISC), selected performances at the Kirkland Fine Arts Center, as well as several dining service locations throughout campus. In addition, all employees have access to an Employee Assistance Program (877-234-5151) and the Staley Library.