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Total Compensation Calculator for Faculty and Staff

At MGH Institute of Health Professions, we are committed to providing our faculty and staff competitive compensation and benefits program.

Working at the Institute Calculator Tile

 

'Total Compensation' includes not only salary, but also additional benefits such as paid leave, insurance benefits, retirement plans, educational assistance programs and more. Just as an example, insurance benefits available for qualifying Institute employees include health, dental, vision, and life. The total compensation estimator provides current and prospective employees with an illustrated breakdown of their total compensation.

Directions:
1. Start by answering the questions below.
2. All questions are required.
3. Click 'Calculate' at bottom left corner
4. If you are unsure of your employment type or any other criteria used in the estimator as it relates to your position, please contact your department HR Rep.


What is your Employee Type?
What is your age?
How many years of service do you have?
Have you been employed at the IHP for more than 1 calendar year?
No
Yes
Are you enrolled in a medical health plan at the IHP?
No, I have medical health insurance from another source
Yes, I am enrolled in an IHP/MGH sponsored Health Plan
Do you participate in a commuter/mbta pass program?
No
Yes
What is your MBTA pass type?
Sr. Tap
Bus
Link Pass
Inner Express Bus
Outer Express Bus
Zone 1A
Zone 1
Zone 2
Zone 3
Zone 4
Zone 5
Zone 6
Zone 7
Zone 8
Zone 9
Zone 10
Boat
If you received any tuition remission or reimbursement this year, please enter that amount here
What is your annual salary?

Annual IHP Contribution to Your Benefits

Employee Benefit IHP Contribution
Medical Benefit Credits $0.00
Basic Benefit Credits $0.00
Retirement Plan Contributions
(Academic Annuity (Faculty)/ Cash Balance Retirement Plan (Staff)*		 $0.00
Social Security** $0.00
Medicare** $0.00
Commuter Subsidy Support $0.00
Tuition Remission / Tuition Reimbursement $0.00

 

Note: Estimates are based on Benefit Plans for 2016 and full-time employment. The benefits page here provides you basic and medical credit info as well as the total cost for the medical plan you have. Weekly paid staff should view the weekly rates sheets and monthly paid faculty should view the monthly rate sheets.
*Exact MGH IHP contribution is sent to you in your annual statement.
**Actual values may be lower based on your pre-tax deductions.
 
Annual Total Compensation
Benefits (IHP Contribution) $0.00
Base Salary $0.00
IHP Contribution to Benefits
as a Percentage of Base Salary		 0.00%
Total Compensation
(Salary + IHP Contribution)		 $0.00
Value of Time Off
Your vacation pay is part of your base pay. This chart is intended to show you the monetary and time value of the Institute's generous time off benefits. The additional information box to the right provides more detail to this section.
 

Days

Hours

Value
Earned Time 21 168 $X.XX
Holidays 9 72 $X.XX
IHP Summer Fridays
and Winter Break		 14 112 $X.XX
Totals 15 144 $X.XX
 

Days

Hours

Value
Vacation Time 21 168 $X.XX
Holidays 9 72 $X.XX
IHP Summer Fridays
and Winter Break		 14 112 $X.XX
Totals 15 144 $X.XX
 
Sick Days 90 720 $X.XX
Additional Total Compensation Benefits

These benefits may be a part of your benefits package but are not included in your total compensation calculation. Please note: some of the links below may only be accessible on the Partners network.

IHP also provides access to these voluntary employee-paid programs:

*Paid time-off benefits vary and depend on your employment category, years of service and FTE.

**After five years of service your earned time days increases to 34 days and after 20 years of service to 39 days.

***The additional Institute vacation days (winter break, Summer Fridays and Thanksgiving closing) are at the discretion of the President on an annual basis.

Additional Total Compensation Benefits

These benefits may be a part of your benefits package but are not included in your total compensation calculation.  Please note:  some of the links below may only be accessible on the Partners network.

IHP also provides access to these voluntary employee-paid programs:

*Paid time-off benefits are prorated for employees less than full-time.
**The additional Institute vacation days (winter break, Summer Fridays and Thanksgiving closing) are at the discretion of the President on an annual basis. IHP holidays do not show up in your Institute vacation time bank.

Make Another Calculation

DISCLAIMER The information above is an estimate only and does not represent actual benefits amounts. Eligibility for any benefit shown depends on your satisfying the requirements of the plan chosen. The availability and amount of the benefits is governed by the applicable benefit plan documents and not by this statement. The Institute reserves the right to modify or terminate any benefits at any time in its discretion. If you have a question about the benefits, you may find more benefits information on the HR Intranet site and you can contact your department HR Rep. Estimates do not apply to student workers, part-time workers who are not benefits-eligible and independent contractors.

Current benefits-eligible employees: To view your current base compensation, go to PeopleSoft Self Service, click on Payroll & Compensation and then click on Compensation History. If you have any trouble accessing this, please contact your department HR Rep.

Prospective employees: The information in this statement does not constitute an offer of employment. MGH Institute of Health Professions cannot guarantee that you will receive the above computed benefits if you are hired in a benefits-eligible position. This tool is not intended to be a substitute for formal financial planning advice. Individuals are strongly encouraged to consult with their own independent financial advisor for personal financial planning guidance.

 

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