Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the differences between exempt and non-exempt benefits?

April 26, 2017Benefits differences exempt non-exempt

0

Posted

What are the differences between exempt and non-exempt benefits?

1 Answer

0

Posted

Basically, there are two differences in the benefits between exempt and non-exempt employees: Vacation accrual rate (for 0 through 5 years of service) Non-exempt: 8 vacation hours per month (12 eight-hour days per year) Exempt: 10 vacation hours per month (15 eight-hour days per year) Policy: 2-41 Rev: 12, Vacation Leave Policy, outlines specific accrual rates based upon benefits category and years of service at the University of Utah. Retirement participation (new employees) Non-exempt employees must enroll in the Utah State Retirement program (a defined-benefit plan). Exempt employees must enroll in the Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF) program (a defined-contribution plan). Policy: 2-42 Rev: 6, Retirement Programs, provides details regarding the differences between the two retirement programs. Hospital employees should refer to http://www.med.utah.edu/hr/ for more info.