FY24 Benefits
October 30–November 17, 2023, for a January 1, 2024, effective date.
During open enrollment, employees have the option to change their benefit plans for
the upcoming year. Outside of the open enrollment period, employees can only change
their benefits if there is a life-altering event, including, but not limited to, marriage,
divorce, and the birth/adoption of a child.
Please note that this year, all benefit-eligible employees will be required to take action in Workday to complete their Open Enrollment task and ensure benefits are intact for 2024.
- Educational Assistance Program and Professional Development Assistance Program
- Flexible Spending Account
- Faculty and Staff Assistance Program
- Wellness Programs
- Tuition Waiver and Educational Assistance Program
The following outlines the maximum dollars allocated to the Educational Assistance Program (EAP), Professional Development Assistance Program (PDAP), and travel funds available to eligible employees in FY24. All professional development and travel-related expenses must be pre-approved in accordance with College Policy 35001, Compensation Programs (PDF, ) .
Travel: N/A
PDAP per employee max: $1,250 (including eligible travel expenses)
PDAP budget: $54,000
Travel per employee max: $1,375
EAP per employee max: $3,120
Travel budget: $193,850
EAP budget: $481,522
Travel per employee max: $1,250
EAP per employee max: $2,500
Travel budget: $141,650
EAP budget: $803,798
Travel per employee max: $1,250
EAP per employee max: $2,800
Travel budget: $50, 000
EAP budget: $400,000
Educational Assistance Program for Credit Courses
Bargaining and nonbargaining full-time staff, department chairs, and administrators enrolled in graduate or undergraduate coursework beyond the associate degree level are permitted to exceed the maximum EAP benefit noted above. The additional allowance is the amount equal to the University of Maryland rate for in-state tuition and fees for graduate or undergraduate coursework for each credit, up to a maximum of twelve (12) credits. The benefit for regular part-time staff working at least 20 hours per week is prorated.
The Internal Revenue Service (IRS) has increased the contribution limit on flexible spending accounts (FSAs) to $3,050. As a result, individuals are now allowed to carry over 20% of that amount, equivalent to $610, from 2023 into 2024.
The Faculty and Staff Assistance Program (FSAP)new window is a free service provided by ComPsych for all employees designed to confidentially help employees with life issues and situations where professional guidance may be helpful. This coverage has been recently expanded to include part-time faculty, casual temporary staff, and student workers. To help families succeed, ComPsych FSAPnew window provides comprehensive resources and services to help meet your personal, family, and work challenges. The FSAP is staffed by experienced, masters-level professionals who can help find solutions to many different kinds of problems employees and their dependents may face.
The FSAP can help you with challenges such as:
- Alcohol and/or drug problems
- Bereavement
- Family pressures (e.g., children, teens, older relatives, etc.)
- Feelings of sadness or anxiety
- Financial difficulties
- Marital concerns
- Relationship issues
- Stress
The MC Wellness program continues to offer in-person and virtual Zoom wellness classes, open gym hours, nutrition consultations, onsite massages, fitness and movement challenges, flu shot clinics, and recreational programs such as Pickleball for all employees and retirees. On-campus and off-campus partnerships to promote and offer well-being to all employees and retirees continue, including a new employee wellness ambassador program and the development of a wellness tool kit. Multiple dimensions of wellness (i.e., physical, mental, emotional, and financial) continue to be promoted and highlighted through various educational resources, programs, and events, such as wellness educational webinars and mental health fairs. An expansion of the wellness reimbursement program includes apps focused on fitness, nutrition, and well-being.
The maximum reimbursement for any activity or membership is $35 per month and is a taxable benefit. Visit MC Wellnessnew window to learn more.
A tuition waiver for MC credit courses and tuition reimbursements are provided for regular full-time faculty and staff, regular part-time staff, and full-time and part-time temporary with benefits staff. For more details, visit TWEAP.new window