AAMC Employee Benefit Summary

The Association of American Medical Colleges is a nonprofit association representing all 129 accredited U.S. and 17 accredited Canadian medical schools; nearly 400 major teaching hospitals and health systems, including 68 Department of Veterans Affairs medical centers; and 94 academic and scientific societies. Through these institutions and organizations, the AAMC represents 109,000 faculty members, 67,000 medical students, and 104,000 resident physicians.

The AAMC strives to provide the most equitable and cost-effective benefits for its employees in recognition of the influence benefits have on the economic and personal welfare of each individual. The total cost to provide the benefit program described below is a significant supplement to each staff member's salary, and should therefore be viewed as additional compensation, paid in various forms, on behalf of each AAMC staff member.

Medical and Dental Insurance

The AAMC offers two HMOs, a PPO Plan and a Network Only Plan from which to choose medical insurance. Separate dental and vision plans are also available. The AAMC pays the entire cost of an individual's premium to an AAMC sponsored medical and dental plan, and currently contributes $549 toward the monthly of dependents' coverage through any AAMC sponsored plan. Domestic partners are eligible to participate. Choices include:

• Kaiser Permanente HMO
• CareFirst BlueChoice HMO
• PPO Plan with choice of OneNet PPO, NCPPO, PHCS and CareFirst PPN/PPO networks of providers
• Network Only Plan with choice of CareFirst PPN/PPO and PHCS networks of providers
• Guardian Dental Plan
• Spectera Vision Care Plan

Flexible Spending Account Program

The AAMC provides a Flexible Spending Account Program (FSA), under Section 125 of the Internal Revenue Code. FSAs allow staff to set aside money on a pre-tax basis to pay for medical expenses, dependent care expenses or privately held health or disability premiums. Income directed into these accounts is not subjected to federal, state, Social Security or Medicare taxes. The maximum annual contribution is $5,000 per year, per account.

Sick and Annual Leave

AAMC general staff members accrue annual leave at the rate of 4.38 hours per pay period, up to 15 days per year and sick leave at the rate of 3.5 hours per pay period, up to 12 days per year. Senior staff members accrue annual leave at the rate of 6.42 hours per pay period, up to 22 days per year.

Both general staff members with 5 years of service and senior staff members accrue annual leave at the rate of 6.42 hours per pay period, up to 22 days per year. The association's Sick Leave Trust program is an opportunity to build community among staff by supporting our colleagues faced with challenging circumstances. The program allows staff members to donate sick leave hours to a general fund. Those hours can then be accessed by staff members confronted with their own serious health condition, or that of a family member, but have exhausted their sick and annual leave balances.

Paid Holidays

AAMC currently recognizes the following 10 days as paid holidays:

• New Year's Day
• Martin Luther King, Jr. Day
• President's Day
• Memorial Day
• Independence Day
• Labor Day
• Columbus Day
• Thanksgiving Day
• Friday following Thanksgiving Day
• Christmas Day

Life and Accidental Death and Dismemberment Insurance

AAMC provides group term life insurance coverage to include accidental death and dismemberment. The amount of life insurance coverage may be up to twice the staff member's salary, to a maximum of $700,000. Staff members incur a small tax liability if they choose to accept coverage in excess of $50,000.

Travel Accident Insurance

AAMC provides $400,000 of accidental death or dismemberment insurance for staff members on business travel.

Short-Term Disability Insurance

Under AAMC's short-term disability policy 60% of a staff member's regular salary is paid after 6 consecutive weeks of disability, provided eligibility requirements are met. Benefits may continue for up to 20 additional weeks.

Long-Term Disability Insurance

AAMC provides a long-term disability plan to insure protection for staff members who become totally disabled for longer than six months as a result of accident or illness. The plan pays 60% of a staff member's regular monthly salary, provided eligibility requirements are met.

Educational Benefits

As a supporter of higher education, the AAMC will reimburse staff members for courses which are useful to a staff member's employment with the AAMC, or for courses that lead to a staff member's degree program. AAMC reimburses for 85% of tuition up to $5,250 per fiscal year (July 1 - June 30).

Retirement Benefits

Staff members may begin contributing to AAMC's tax-deferred 403(b) retirement benefit plan through payroll deduction immediately upon employment. Staff who have completed on year of service with the association are eligible to receive an employer contribution to the plan. This one-year period is waived if the staff member's most recent employer was another nonprofit (including government agencies) and the staff member was eligible for that employer's retirement plan.

The base employer contribution is 8% of gross salary. Alternatively, AAMC makes a 10% contribution to the plan if the staff member contributes at least 2% of salary to the plan, via payroll deductions. The employer contributions will be made for eligible staff members upon completion of appropriate enrollment forms. All employer contributions are directed to TIAA-CREF only.

In addition to TIAA-CREF, current fund companies offered by the association for employee contributions to the plan are American Century, Fidelity, and Vanguard. All employee and employer contributions are vested immediately. Current regulations limit an employee's 2008 contributions to $15,500, plus an over age 50 catch-up contribution of $5,000.

Pay Periods

The standard work week for AAMC staff members is 35 hours. Pay periods are the 15th and last day of each month, unless these days fall on a weekend or holiday, in which case payday is the preceding workday.

Commuting Benefits

Employees using public transportation for their personal commute from home to work may purchase up to $115 per month in metrochek vouchers and have the payment for such vouchers withheld from their salary on a pretax basis.

AAMC offers a subsidy of up to $115 per month for staff members earning salaries under $55,000 and free shuttle van services to local Metro stations.

Employees who drive to work and park in the AAMC building garages, other garages and/or neighboring parking lots, may elect to have the costs of parking, up to $215 per month, withheld from the calculation of their federal and state income taxes.

Alternative Work Schedules

In support of a culture that values work-life balance while still maintaining the AAMC commitment to excellent service, the organization permits alternative work schedule options. Alternative work schedules, including such arrangements as part-time schedules, compressed work weeks, teleworking and job sharing, can allow employees to address personal issues while still fulfilling their responsibilities to constituents and customers. Eligibility for participation in any alternative work schedule arrangement will depend on an assessment by the supervisor and/or division vice president that the proposed work schedule will enable the employee to fully meet their job responsibilities and constituent needs.

Back-Up Child Care Center

The AAMC has adopted Capital Kids as a Back-Up Child Care Center in order to assist employees of the association with the increasingly difficult challenge of balancing work and family obligations. Located at 1250 24th St., NW, Capital Kids offers backup child care to pre-registered children of staff. Partial fees are paid by the association.

Additional Benefits

The following benefits are also available to AAMC staff members:

• Bereavement Leave
• Jury Duty Leave
• Employee Assistance Program (EAP) administered by INOVA
• Long Term Care Insurance through UNUM/Provident
• Supplemental Term Life Insurance with Guardian Life
• Auto & Homeowner's Insurance through MetLife
• Credit Union Membership with the U.S. Premier Federal Credit Union
• Group Banking Services with Bank of America and Citibank
• Group Legal plan through United Legal Benefits

The above staff benefits are subject to change without notice. It is association policy that failure to participate in optional benefit programs does not allow for conversion into cash payments or other forms of compensation.

The Association of American Medical Colleges is an equal opportunity, affirmative action employer. The association is committed to the policy of equal employment opportunity in recruitment, hiring, career advancement, and all other personnel practices. The AAMC does not discriminate on the basis of race, color, religion, national origin, age, sex, disability, veteran status, or sexual orientation.