Employee Benefits & Wellness

Averett University’s benefits program is an important part of our employee compensation package. All benefits are offered to permanent fulltime employees with some limited benefits available to permanent part-time and intermittent employees (such as adjunct faculty).

Flexible Spending Account (FSA) enables permanent fulltime employees to set aside money each month that can be used throughout the plan year to cover the expense of eligible medical services and supplies, and dependent care expenses.

Health Insurance is available to permanent fulltime employees through two plan options. The University shares the costs with the employees. A Health Savings Account plan (HSA) is offered as well as a traditional preferred provider plan. A voluntary wellness plan premium incentive option is available through the health insurance program.

Dental Insurance is offered with the employee paying the full premium.

Vision Insurance is offered with the employee paying the full premium.

Life Insurance is provided for fulltime permanent employees for two times the employee’s annual salary. Additional coverage is offered at the employee’s expense.

WorkLifeMatters is an employee assistance program (EAP) that provides employers, employees, and family members with support services for a variety of issues associated with daily living.

Retirement 403(b) plan under which an employee may elect to contribute a percentage of salary and the University will make matching contributions of up to 6%.

Sick Leave accrues for eligible employees at the rate of 8 hours per month, up to a maximum of 1040 hours. Earned sick leave may be used for the employee or sickness/death of an immediate family member.   A shared leave pool is offered whereby sick leave hours are voluntarily donated to a pool for use by employees who have exhausted their sick leave hours.

Tuition Benefits enable permanent fulltime employees and eligible family members to take classes at Averett without tuition charges. Other fees (such as lab or activities fees) and material costs are not included in the benefit. In addition to classes offered by Averett, the University participates in two exchange programs:

  • The University is a member of the Consortium of Independent Colleges (CIC) and participates in its Tuition Exchange Program as well. Subject to some restrictions, CIC-TEP institutions accept tuition-free students from families of the fulltime employees of other CIC-TEP institutions.
  • The University also participates in the Tuition Exchange (TE) which is a reciprocal scholarship for the dependents of eligible faculty and staff at more than 600 member schools.

University Holidays are determined on annual basis and are published on the comprehensive calendar online.

Vacation Leave accrues for eligible staff members at a rate based on the length of employment with the University with a new employee earning 10 days a year.

A Personal Leave Day is available to each permanent fulltime employee each year, to be scheduled with the employee’s supervisor.

Volunteer Service Leave is available to permanent fulltime employees, with some restrictions, to enable Averett team members to volunteer within the community, with pay, up to a full work day each year.

Aflac offers insurance to help with uncovered medical costs or disability. The employee pays the full premium.

Benefit Options Available to all Averett University employees, including part-time employees and, in some instances, adjunct faculty include:

  • Piedmont Credit Union: piedmontcu.org
  • URW Community Federal Credit Union: urwfcu.org
  • Retirement 403(b) account in which the employee may elect to contribute a percentage of wages. There is no matching contribution by the University for part-time or adjunct employees.
  • Averett University Bookstore employee discount of 10% on many items
  • Free or discounted admission to University athletic and performance arts events.
  • Discounted meal rates at the Averett Dining Hall
  • Danville YMCA discounted membership rate with Averett faculty/staff ID