Salary & Benefits
Burroughs offers salaries competitive with other top independent schools in the country.
All employees who work half-time or more are eligible for the following benefits:
Group Life Insurance
- Automatic coverage
- Benefit of $50,000
- No cost to employee
Group Medical Insurance
- Optional coverage
- School pays 75% of premium for all levels of coverage (Single, Emp/Spouse, Emp/Child & Family) EXCEPT when spouse is eligible for other group coverage (No contribution in this case)
- Employee cost ranges from $176.96/mo (Single) to $481.12/mo (Family) for most employees with full coverage; if spouse is eligible for other coverage, employee cost is $870.22/mo (Family)
- Coverage effective first of month following date of hire.
Group Dental Insurance
- Optional coverage: for the High Option coverage, employee cost ranges from $29.94/mo (Single) to $108.58/mo (Family); for the Low Option coverage, employee cost ranges from $6.54/mo (Single) to $16.36/mo (Family)
- School pays 50% of premium for all levels of High Option coverage and contributes the same dollar amount to Low Option coverage.
Group Long-Term Disability Coverage
- Automatic coverage
- Benefit of 60% of monthly base salary (not to exceed ($7500/mo) after six-month waiting period; benefit increases by 3% each year of eligibility
- Pension supplement of 13% of initial monthly base salary paid directly to TIAA-CREF
- Employee pays full cost of coverage (currently $20.00/mo) so that any benefit is non-taxable.
Long-Term Care Insurance
- Automatic coverage
- School pays 100% of premium
- Minimum plan benefit of $2,000/mo for a long-term care facility or $1000/mo for professional home care for up to three years
- Employee can automatically purchase additional coverage upon initial enrollment; if more is elected after this, employee must pass a medical underwriting review
TIAA-CREF Retirement Plan
- Optional participation
- Employee can contribute between 1% and 5%, which the school will match at a ratio of 1:1:6 (i.e., a 5% employee contribution will result in an employer-matching contribution of 8%)
- All funds are deposited immediately into a fully vested annuity contract which allows an employee to keep all of these funds when he/she/they separates from service.
Tuition Remission
- Full-time employees are eligible for 90% tuition remission
- Part-time employees are eligible for pro-rata remission (i.e., 50% time receives 45% remission [50% of 90%])
Flexible Compensation Plan (Pre-Tax Spending Account)
- Optional participation
- Employee can elect up to $2,500 for health care and $5,000 for child care each year
- Plan Year runs from September 1 through August 31
Other benefits include a variety of professional development opportunities, a personal computer purchase program, membership in the JBS Health Club, and daily school lunches.
As of July 1, 2021.