May Institute has designed a benefits package to provide employees and their family members/dependents with coverage in the event of illness, injury, the birth or adoption of a child, as well as to help provide for retirement. We also recognize that everyone needs time off to relax, rest and rejuvenate; we provide a generous earned leave benefit. The information below describes benefits in effect for benefit eligible employees hired/rehired on or after July 12, 2014. Plan documents are available in Human Resources and all benefits are subject to periodic review and revision.
Work and Life Balance/Time Off and Sick Leave
- New Year’s Day
- Martin Luther King Jr. Day
- Presidents Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
- “Floating Holiday” – during the month of November
- “Birthday Holiday” during the month of the employee’s birthday.
Earned LeaveEarned Leave provides leave time to benefit eligible employees that can be used as vacation and/or sick leave. Earned leave time is based on hours worked and tenure, and is accrued each fiscal year. Unused leave time is transferred into the Employee’s Extended Illness bank if not used within the fiscal year.
Paid Maternity/Paternity LeaveBenefit eligible employees who have been employed for at least 2 years and qualify for maternity/paternity leave will be granted 5 days paid leave, in addition to their accrued leave time. Employees will receive a paid day of leave for each year of service, up to 10 days maximum.
Health and Dental InsuranceBenefit eligibility begins on the 61st day of employment.
For Employees Who are New England ResidentsBlue Care Elect PPO $2,000 Deductible is available to all New England residents who are benefit eligible, working 30 hours or more per week. This plan does not have hospital cost sharing. The deductible must be satisfied before the plan pays for covered services.
HMO Blue New England $1,000 Deductible with Hospital Cost Sharing is available to all New England residents who are benefit eligible, working 30 hours or more per week. Hospital cost sharing includes a tiered network of hospitals. Employees who choose an HMO must select a primary care Physician and obtain referrals for services not provided by their primary care doctor.
For Employees Who Reside Outside New EnglandBlue Care Elect PPO $2,000 Deductible is available to all non New England residents who are benefit eligible, working 30 hours or more per week. This plan does not have hospital cost sharing. Referrals to specialist are not required with a PPO plan.
Blue Care Elect PPO $1,000 Deductible is available to all non New England residents who are benefit eligible, working 30 hours or more per week. Referrals to specialist are not required with a PPO plan.
Dental Insurance OptionMay Institute provides dental insurance through a major outside vendor to eligible employees who choose to contribute at the Individual or Family plan level. Employees may use In Network or Out of Network dentists, there is no obligation to change dentists when joining the dental plan.
403(b) Retirement Plan
All employees are eligible to participate in May Institute’s 403(b) retirement plan. Employees elect pre-tax contribution percentage amount and may change their contribution during the year. May Institute currently provides a company match.