Fringe Benefits Advisory Committee (FBAC)

Charter

Purpose

The Fringe Benefits Advisory Committee (FBAC) serves as an advisory body to the University and is facilitated by the Chief Human Resources Officer and is advisory to the Executive Vice President and Chief Financial Officer. The FBAC will advise regarding the evaluation of benefit priorities while balancing the University’s financial position, faculty and staff members’ interests and needs, the competitive market for faculty and staff members, and the external benefits landscape.

Responsibilities

• To understand existing employee benefit programs and their impact on faculty and staff;
• To help define alternatives and improvements to benefits that should be considered to promote the health, well-being, and development of employees;
• To provide input on employee benefits-related matters such as plan and program design, costs, funding, and competitiveness;
• To recommend communications about employee benefits matters to faculty and staff; and
• To share non-confidential employee benefits updates as directed and approved by the Chief Human Resources Officer and/or their delegate.

Meetings

The FBAC meets at least four (4) times a year, with additional ad hoc meetings convened as necessary. Human Resources prepare the agendas. Meetings are convened by the Chief Human Resources Officer. 

Membership

The FBAC comprises representatives from the Faculty Senate Fringe Benefits Committee (up to six) and representatives from the Staff Advisory Council Fringe Benefits Committee (up to six), including the chairs of both committees. Membership in the FBAC is contingent upon membership in the respective committees and should represent the diversity of the workforce.

While no special skills are required of FBAC members, members should be interested in the employee benefits. 

Confidentiality

At times, matters discussed by FBAC may be considered confidential. Such matters may include, but are not limited to, proposed new employee benefits, costs or fees associated with current and proposed employee benefits, and changes to employee benefits. Matters identified as confidential should not be shared with non-committee members.