Human Resources

Employee Benefits

Bank Street College provides a comprehensive benefits package that enables eligible employees to create a program suited to their own needs and for those in their family.

Depending on eligibility, the College offers healthcare coverage, dental coverage, flexible spending accounts, pre-tax transit and parking expenses, retirement benefits, tuition programs, Bank Street school discounts, an Employee Assistance Program (EAP), AFLAC, Municipal Credit Union, and more. Please contact the Human Resources Office for more information.

  • Insurance

    Staff appointed on a minimum load of 2.5 days per week (50%) or greater shall be eligible for health and dental insurance. The effective date for newly eligible employees is the first of the month following employment.

    Long Term Disability Insurance

    Long-Term Disability Insurance is provided for eligible staff members on appointment of 50 percent or more at the College’s expense. All eligible staff members are covered after six months of service. Long-Term Disability Insurance provides a monthly income benefit, commencing after six consecutive months of total disability, of 60 percent of covered monthly salary up to $12,000 maximum.

  • Tuition Waivers & Reimbursement

    Tuition Waivers

    Teaching Staff

    From the Employee Handbook and union contract: Assistant teachers shall have the right to enroll in four (4) free courses per academic year (September to August annually) provided that registration by staff members seeking to use their tuition allowance in courses beyond the first course that semester is limited to space available after completion of registration by all other students.

    You must be an active and current employee of 50% load or more to receive tuition benefits or use a banked course. If you sign up for more than four free courses regardless of the number of credits, you will be responsible for the additional tuition payment. Students are responsible for paying any registration and materials fees. Students are responsible for full payment in the event that this form is not submitted timely. Requests must be submitted before the course begins. Assistant teachers may not roll over or bank courses.

    Non Teaching Staff

    Under Internal Revenue Service regulation (IRC 127), tuition waivers are considered taxable income once the amount exceeds $5,250. This means that employees enrolled in graduate courses will be exempt from income tax withholding for the first $5,250 of the graduate tuition waiver benefit, per calendar year. Amounts exceeding $5,250 in any calendar year will be taxable.

    All professional staff members who are appointed at 50% work load or greater shall have the right to enroll in two (2) free courses (not to exceed 12 credits) in the Graduate School or the Division of Continuing Education per academic year (September 1 through August 31). More than two (2) free courses are not permitted even if the total number of credits is below twelve (12) credits. Students are responsible for paying any registration and materials fees. Students are responsible for full payment in the event that this form is not submitted timely. Requests must be submitted before the course begins.

    You must be an active and current employee to receive tuition benefits or use a banked course. Professional staff members may roll over one course for up to six months. Please use the following link to apply.

    Tuition Waiver Form Application Link

    Tuition Reimbursement: PEF Union

    Bank Street College provides doctoral candidate support program for PEF members who have been employed by the College for (a) one year or more, and (b) are at least 50 percent work load. The maximum tuition reimbursement for tuition costs incurred by the staff member matriculated in a doctoral degree program per academic year (September to August) will be $10,000.

    Submit Reimbursement Request

  • Time Off

    Bank Street College of Education employees time off depends on length and classification of employment.

    Time off may include:

  • Employee Assistance Program

    The Employee Assistance Program (EAP) is a confidential counseling and referral service available for free to all employees and their household members.

    From support for personal problems, to free legal assistance, to help finding a pet sitter, the EAP assists employees with issues small and large. Counselors are available 24 hours a day, seven days a week.

  • Retirement

    For new employees, participation in the retirement plan for benefit-eligible employees on appointment of 50 percent or more is mandatory after one year of service. The College contributes 6.25 percent of the staff member’s regular monthly salary to the plan and the staff member must contribute 5 percent of their monthly salary.

    New employees who have a TIAA plan from a prior employer can participate in the mandatory plan from the first month of employment.

    Staff may elect to voluntarily contribute to Bank Street College’s Supplemental Retirement Annuity. You may begin to contribute to this tax-deferred plan before the one-year waiting period.

    Updating Your TIAA Elections in Oracle

    You may update your TIAA/Retirement contributions by accessing Oracle. Log into the Bank Street website and go to Faculty and Staff Resources. Then, under Applications, click on “Oracle HCM,” click on “Company Single Sign-On,” and you will be on the landing page of Oracle.

    1. Click on the house icon on the upper right of the page
    2. Click on “Benefits” in your dashboard
    3. Navigate to “Report a Life Event” on the right-hand menu and add life event
    4. From the drop down, select the type of life event: “Change Commuter Benefit/TIAA Retirement”
    5. Enter the date the event occurred (you must enter the exact current date, today’s date, the date you are entering it)
    6. Click on “Save”
    7. Keep clicking on Continue (about 6 buttons) until you get to “Enroll in benefits that matter to you”
    8. Click on edit
    9. Accept authorization
    10. Navigate to TIAA on the right-hand menu
    11. Click on Enroll (first time enrolling) or the pencil icon to edit the existing benefit you are currently enrolled in
    12. You may elect either a percentage or dollar amount. If entering a dollar amount, enter the per pay amount (Bank Street per pay calendar is 26 weeks in the calendar year)
    13. Click on Save
    14. Click on Review (it’s advised to review your elections before submitting)
    15. Scroll to the bottom of the page and click Submit

    Please Note: Changes will go in effect the following month from when you have submitted the change in Oracle.

  • Summary Annual Report

    Major Medical Insurance Hospital Plan (pdf)

    Long Term Disability Plan (pdf)