Welcome Retirement & Healthcare Benefit Plan Overview Effective July 1, 2016
|
|
- Christopher Ward
- 6 years ago
- Views:
Transcription
1 Welcome Retirement & Healthcare Benefit Plan Overview Effective July 1, 2016 Presented by: Lisa Belt
2 Retirement Benefit Plans Transferring Employee vs New Employee Transferring Employee An Employee who elects to transition from their current position with Kent County over to the Gerald R. Ford International Airport Authority effective June 30, New Employee An employee who is hired by the Authority on or after July 1, This includes employees who elect to retire from Kent County and re-employ with the Authority.
3 Retirement Benefit Plans Traditional Defined Benefit Plan Transferring Employees only Hybrid Retirement Plan (DB &DC Components) New Employees Only 457b Plan- with Nationwide All Employees Retirement HealthCare Savings Program (HCSP)
4 Retirement Plan FACTS Both Traditional and Hybrid Retirement Plans will be administered by the Municipal Employees Retirement System (MERS). MERS is located in Lansing and is an independent, nonprofit retirement services company that serves municipal members across the state of Michigan. They also serve more than 100,000 employee participants throughout the state of Michigan. Employees who transfer from Kent County over to the Authority will have their current Kent County DB retirement accrued benefits transferred to the newly established Authority Defined Benefit Plan with MERS. The asset transfer will be complete within 180 days from July 1, New Employees of the Authority will participate in a Hybrid Plan which is made of two components: A DB Plan and a DC Plan.
5 Defined Benefit Plan (DB) for Transferring Employees Only Defined Benefit Pension Plan Comparison Benefit MERS-Authority Pension Kent County Pension Plan Benefit Multiplier 2.5% (85% FAC maximum benefit gross pay) 2.5% (75% Gross Pay maximum benefit based on Employer Contributions) Vesting 5 years 5 years FAC FAC3: Average of the FAC3: Average of the 3 highest Consecutive highest consecutive 36 years during lifetime of months during final 60 mo. of service. 35% service Accumulated Sick leave at retirement converted by formula to FAC Compensation Definition Gross pay & lump-sum vacation, Gross pay, no lump-sum sick or vacation
6 Defined Benefit Plan (DB) for Transferring Employees Only Defined Benefit Pension Plan Comparison Benefit MERS-Authority Pension Kent County Pension Plan Early Retirement Eligibility Requirement 25 years and out 25 years and out Normal Age Regular Retirement Age 60 and vested Age 60 and vested Deferred Retirement If Vested, Normal retirement age If Vested, Normal retirement age Early Reduced Benefit 55/15,.5% per month before age 60 reduction Cost of Living 1% Annually (Simple Interest) 55/15, actuarially determined reduction 1% Annually (Simple Interest) after 36 months of retirement
7 Defined Benefit Plan (DB)Cont d for Transferring Employees Only Defined Benefit Pension Plan Comparison Benefit MERS-Authority Pension Kent County Pension Plan Member contribution 1/2 total contrib up to 8.5% employee cap 1/2 total contribution up to 8.5% employee cap Interest on Employee Contributions Duty Death 1 Yr. T-Bill Rate 10 Yr. Treasury rate No vesting requirements. If vested and more than 15 years Lifetime Benefit to survivor, credited service, lifetime benefit to beginning with the month spouse using accrued service at of death using accrued commencement of disability. No service. Surviving spouse minimum. If vested and less than receives minimum 25% of 15 years credited service, lifetime FAC benefit to spouse using accrued service at normal retirement age of deceased employee.
8 Defined Benefit Plan (DB)Cont d for Transferring Employees Only Defined Benefit Pension Plan Comparison Benefit MERS-Authority Pension Kent County Pension Plan Non-duty Death Duty Disability Member must be vested. If vested and more than 15 years Survivor receives 85% of DB credited service, lifetime benefit to formula or 100% Survivor spouse using accrued service at Benefit, whichever is commencement of disability with higher. no minimum. If vested and less than 15 years credited service, lifetime benefit to spouse using accrued service commencing at normal retirement age of deceased employee. No vesting requirement. Service to normal retirement age added when determining retirement benefit. Maximum benefit is 100% of FAC less other disability benefits and other gainful employment. No vesting requirement. Service to normal retirement age added when determining retirement benefit. Maximum benefit is 90% of FAC less other disability benefits and other gainful employment.
9 Defined Benefit Plan (DB)Cont d for Transferring Employees Only Defined Benefit Pension Plan Comparison Benefit MERS-Authority Pension Kent County Pension Plan Non-duty Disability Vesting required (5 years), accrued benefit 10 years of service, accrued benefit Credited Service 80 Hours Per Month 80 hrs. per mo.,1800 Hours Per Year Payment Options 8 3 Pop-up feature Reciprocal Retirement (MERS to MERS time) Allows retirees to receive None Straight Life option upon notification of beneficiary's death. Ability to combine service from Not applicable 2 or more MERS Municipal Employers for the purposes of vesting and eligibility. Requires 12 months of employment at each entity. Member receives 2 pensions at retirement: each reflecting service, FAC,
10 Defined Benefit Plan (DB)Cont d for Transferring Employees Only Service Credit Purchases (purchased Military Time plus purchased General Service can not exceed 5 years total) Defined Benefit Pension Plan Comparison Benefit MERS-Authority Pension Kent County Pension Plan Generic service-up to 5 years, does count towards retirement eligibility. Military up to 5 years, does not count towards retirement eligibility. Accumulated sick leave at retirement converted by formula to additional service credit. Probation Period Employee pays contributions 1st day of month following date of hire. 6 months, no employee contribution but service is awarded afterwards.
11 DB Plan - Contributions Cost Sharing Employee 6.5% Authority 6.5% Employee Contribution Cap set at 8.5%
12 Retirement DB Benefit Comparison Example I Employee A Kent County Pension Date of Termination - 6/30/16 Date of Retirement 7/1/16 Eligibility: 25 + years Age 52 Retirement Wage $61,967 Sick Bank Hours 1615 Years of Service (includes 9 months sick bank hours converted to Pension Service Cr) Military Service Purchase: Total service: Benefit Formula: 2.5 % x service years x $61, FAC Straight Life Benefit = $4,457/month Annual Retirement Benefit=$53, years County DB Benefit-$1,337,235
13 Retirement DB Benefit Comparison Example I Employee A Authority DB Pension - MERS Date of Termination - 6/30/16 Date of Retirement 7/1/16 Eligibility: 25 + years Age 52 Retirement Wage $61,967 Sick Bank Hours 1615 Total Years of Service (includes Military Service Purchase) Benefit Formula: 2.5 % x service years x $66,155 FAC (includes Sick Bank hrs converted by formula & added to FAC) Straight Life Benefit = $4,662/month Annual Retirement Benefit=$55, years MERS DB Benefit-$1,389,675
14 Retirement DB Benefit Comparison Example II Employee B Kent County Pension Date of Termination - 6/30/16 Date of Retirement 7/1/16 Eligibility: 25 + years Age 60 Retirement Wage $55,513 Sick Bank Hours 1219 Years of Service 25.8 (includes 7 months Converted sick bank hours to Pension Service Cr) Total service: years Military Service Purchase - Zero Benefit Formula: 2.5 % x service years x $55,513 FAC Straight Life Benefit = $3046/month Annual Retirement Benefit=$36, years County DB Benefit-$913,770
15 Retirement DB Benefit Comparison Example II Employee B Authority DB Pension - MERS Date of Termination - 6/30/16 Date of Retirement 7/1/16 Eligibility: 25 + years Age 60 Retirement Wage $55,513 Sick Bank Hours 1219 Total Years of Service 25.8 Military Service Purchase - Zero Benefit Formula: 2.5 % x 25.8 service years x $59,142 FAC (sick bank hrs. converted by formula & added to FAC) Straight Life Benefit= $3179/month Annual Retirement Benefit=$38, years MERS DB Benefit- $953,667
16 457b Retirement Plan Nationwide Brian Wanless- Account Representative 30+ Investment Choices US Stocks Foreign Stocks Fixed Income Risk Based Solutions & Target Date Funds Investment Fiduciary Services provided by MorningStar Minimum Employee Contribution - $10/pay Employees can roll 457b funds from Kent County Account over to the Authority 457b Plan or keep both plans
17 What is a Retirement HealthCare Savings Plan? (HCSP) A HealthCare Savings Plan is an employer-sponsored program that allows both you & an employer to invest money in a tax-free account while you are employed. Once you leave employment you may access this money for reimbursement of eligible medical expenses. An HCSP is a tax-free account which means contributions and eligible reimbursements will not be reported on federal or state income tax returns.
18 HealthCare Savings Plan (HCSP) Plan Benefits Allows Employee to Manage retirement healthcare Expenses Tax-free medical savings account Account is designed for post-employment healthcare use (vesting is required to receive employer contributions) Employer and Employee (1%) pre-tax contributions to account Individual Employee Accounts are invested and grow tax free HCSP funds can be used for employee, spouse or dependent eligible healthcare expenses Eligible Healthcare expenses include, but not limited to Healthcare premiums, co-pays, prescription drugs, deductibles, dental and vision expenses. HCSP Benefit will replace Monthly healthcare credit of $350 Authority will supplement employee HCSP $3000/year of service (subject to annual adjustment) Actuarial Valuation will be completed for the County VEBA and prorated assets will be transferred to employee HCSP accounts.
19 Hybrid Retirement Plan (DB & DC) for New Authority Employees Only Benefit Hybrid Part I-Defined Benefit Benefit Multiplier 1.50% Vesting FAC Compensation Definition 6 years FAC3: Average of the 3 highest consecutive years during lifetime of service. 35% Accumulated Sick leave at retirement converted by formula to FAC Gross pay, lump-sum vacation Early Retirement Eligibility Requirement Age 55 with 25 years Normal Age Regular Retirement Age 60 and vested
20 Hybrid Retirement Plan(DB & DC) for New Authority Employees Only Benefit Deferred Retirement Hybrid Part I-Defined Benefit If Vested, Normal retirement age Early Reduced Benefit 55/15,.5% per month before age 60 reduction Authority contribution 6.5% Employee Contribution 0.00% Interest on Employee Contributions 1 Yr. T-Bill Rate Duty Death Non-duty Death No vesting requirements. Lifetime Benefit to survivor, beginning with the month of death using accrued service. Surviving spouse receives minimum 25% of FAC Member must be vested. Survivor receives 85% of DB formula or 100% Survivor Benefit, whichever is higher.
21 Hybrid Retirement Plan(DB & DC) for New Authority Employees Only Benefit Duty Disability Non-duty Disability Credited Service Hybrid Part I-Defined Benefit No vesting requirement. Service to normal retirement age added when determining retirement benefit. Maximum benefit is 100% of FAC less other disability benefits and other gainful employment. Min of 25%of FAC Vesting required (6 years), accrued benefit 80 Hours Per Month Payment Options 8 Pop-up feature Allows retirees to receive Straight Life option upon notification of beneficiary's death.
22 Hybrid Retirement Plan(DB & DC) for New Authority Employees Only Reciprocal Retirement (MERS to MERS time) Service Credit Purchases Probation Period Benefit Ability to combine service from 2 or more MERS Municipal Employers for the purposes of vesting and eligibility. Requires 12 months of employment at each entity. Member receives 2 pensions at retirement: each reflecting service, FAC, and benefit structure of each municipality. None Hybrid Part I-Defined Benefit Employee pays contributions 1st day of month following date of hire.
23 Hybrid Retirement Plan(DB & DC) for New Authority Employees Only Hybrid Part II-Defined Contribution Portable Defined Contribution Plan funded by employee and employer 6 year graded vesting schedule Mandatory Employee Contribution 6.5%, Employer Contribution 2% (subject to annual review) Annual Maximum Contribution Limits ( $53K) DC accepts rollovers from eligible plans MERS Investment Accounts & Portfolios 1. Target Date Funds "Do it For Me" 2. Portfolios - "Help Me Do It" 3. Self-Directed Brokerage Account - "Ill do it Myself" If employee dies while still working, they immediately become vested in the DC portion of the plan. The beneficiary is entitled to account balance Employee who is disabled and unable to return to work may be eligible to receive benefits without early withdrawal penalties.
24 Hybrid Retirement Plan(DB& DC) for New Authority Employees Only Hybrid Part II-Defined Contribution Gains & Losses are subject to Market Fluctuations. Money grows tax-deferred until withdrawals are made Withdrawal penalties apply if employee chooses to begin using the account before age 55. Multiple ways to receive distributions: Lump Sum & Partial payments, equal payments, periodic, amount certain period certain and Minimum Required Distributions. Account is portable however, participants may choose to leave their DC account with MERS for access at a later date or when ready to retire. Employee pays contributions 1st day of month following date of hire. The MERS Retirement Board and Office of Investments selects and monitors the investment choices that are available to employees
25 Retirement Plan Questions
26 Health Care Overview
27 Health Care Plan Comparison MEDICAL & PRESCRIPTION DRUG 2016 Kent County BCBSM Current Plan Self-Funded Airport Authority BCBSM Fully Insured In Network Out of Network In Network Out of Network Deductible $300 / $600 $600 / $1,200 $250 / $500 $500 / $1,000 Medical Out-of-Pocket Maximum (Includes Deductible, Coinsurance, and Copays) $2,150 / $4,300 $4,300 / $8,600 $1,250 / $2,500 $3,500 / $7,000 Hospital Coverage 85% after deductible PCP Office Visit Copayment $25 Specialist Office Visit Copayment $25 65% after deductible 65% after deductible 65% after deductible 80% after deductible $20 $20 60% after deductible 60% after deductible 60% after deductible Durable Medical Equipment 85% after deductible 80% after deductible 65% after 60% after Urgent Care Copayment $40 $20 deductible deductible $150 $125 Emergency Room Copayment (waived if admitted or for (waived if admitted) accidental injury) Ambulance Copayment 85% after deductible 80% after deductible Rx Out-of-Pocket Maximum Included in Medical OOP $4,700 / $9,400 (Includes prescription copays only) Maximum INN copay plus Prescription Drug Copayment $15 / $25 / $45 $15 / $30 / $60 25% Mail Order Rx Copayment 2x Copay 2x Copay
28 Dental & Vision Plan Comparison DENTAL Kent PBS Self Funded BCBSM-PPO Fully Insured Authority VISION Kent county VSP Current Blue Vision w VSP Authority In Network PPO Non- PPO In Network In-Network Type I (Preventative Care) 100% 100% 50% Eye Exam $10 $5 Type II (Basic Services) 50% 80% 50% Type III (Major Services) 50% 50% 50% Frames Class IV (Orthodontic Services) 50% 50% Annual Deductible (Types II and III only) N/A $50 / $150 Annual Maximum (Types I, II and III Services) $2,500 Type IV included Prescription Glasses (lenses and/or frames) Contact Lenses Elective Contact Lenses - Medically Necessary $1,250* Frequency $10 $120 allowance $135 allowance Covered in full $10 - combined $130 allowance $130 allowance $10 Lifetime Maximum (Type IV only) N/A $1,250 up to age 19 Exam 12 Months 12 Months * $1250 per person per year covered Lenses 12 Months 12 Months Frames / Contacts 24 Months 24 Months
29 2016 Authority HealthCare Rates Authority Wellness and Prescription Drug PPO (BCBSM) Monthly Employee Cost (Full-Time)-20% of Premium Authority Cost Fully-Insured Total Cost Single $ $ $ Two-Party $ $1, $1, Family $ $1, $2, Authority Dental Plan (Full-Time Only) Employee Cost (Full-Time)-of Premium Authority Cost Total Cost Single $0.00 $28.13 $28.13 Two-Party $0.00 $67.52 $67.52 Family $0.00 $84.40 $84.40 Authority Vision Plan (Blue Vision-VSP) (Full-Time Only) Employee Cost (Full-Time)-of Premium Authority Cost Total Cost Single $0.00 $6.18 $6.18 Two-Party $0.00 $14.84 $14.84 Family $0.00 $18.55 $18.55
30 AUTHORITY Airport Authority Medical & RX 20% Premium Comparisons Kent County vs Authority 4% Wellness Physical Cash Wellness Cash 4% Non- Smoking Cash EE Mthly Premium Per Pay Premium Per pay Credit Per pay Credit Employee Per Pay Health & Wellness Deductions Single $14.66 $14.66 $44.00 Two Person $35.20 $35.20 $ Family $46.07 $46.07 $ VS KENT COUNTY PPO-BCBSM Wellness Cash 2016 Kent County 2.5% Non- Medical & RX 20% 2.5% Annual Physical Smoking EE Mthly Premium Per Pay Premium Cash Cash Employee Per Pay Health Care Costs Single $8.52 $8.52 $59.66 Two Person $17.89 $17.89 $ Family $21.31 $21.31 $ KENT COUNTY HMO-GVHP Wellness Cash 2016 Kent County 2.5% Non- Medical & RX 20% 2.5% Annual Physical Smoking EE Mthly Premium Per Pay Premium Cash Cash Employee Per Pay Health Care Costs Single $8.07 $8.07 $48.44 Two Person $16.95 $16.95 $ Family $19.76 $19.76 $118.55
31 Short Term Disability (S&A) Employer Paid Benefit Non Occupational Disability Benefits Authority Class 1: All active, Full-time Airport Authority Command Officers Class 2: All active, Full-time Airport UAW General Unit Eligibility Employees Class 3: All active, Full-time Airport MPP Employees Class 4: Executives Class 1-3: First day following 6 consecutive months from date of hire Class 4: First day of the month coinciding with or next following date of hire Benefit Amount 67% Weekly Minimum $15 Weekly Maximum $3,000 Class 1 & 4: 26 Weeks Class 2 & 3: 26 weeks within a 52 week period 0 days for Accident 7 days for Sickness Eligibility Waiting Period Maximum Benefit Duration Benefit Waiting Period
32 Basic Life and AD&D Insurance Benefits Eligibility Eligibility Waiting Period Employee Benefit Amount Guaranteed Issue Amount Waiver of Premium Age Reduction Basic Life and AD&D Insurance Employer Paid Benefit Airport Authority Plan Class 1: All active, Full-time Airport Command Officers Class 2: All active, Full-time UAW General Unit Employees Class 3: All active, Full-time Management Pay Plan Employees Class 1 & 3: First day of the month coinciding with or next following date of hire Class 2: First day following 6 consecutive months from date of hire Class 1 & 3: 1x salary not to exceed $50,000, rounded up to the nearest $1,000 Class 2: Flat $50,000 Benefit Amount Included None Accelerated Death Benefit 75%
33 Voluntary Term Life Benefit Voluntary Term Life Benefit Benefits Airport Authority Plan Eligibility Eligibility Waiting Period Class 1: All active, Full-time Airport Authority Command Officers Class 2: All active, Full-time UAW General Unit Employees Class 3: All active, Full-time MPP Employees Class 4: Executives Class 1, 3, & 4: First day of the month coinciding with or next following date of hire Class 2: First day following 6 consecutive months from date of hire Employee Benefit Amount Units of $5,000 to a maximum of $150,000 Employee Guaranteed Issue Amount Spouse Benefit Amount Spouse Guaranteed Issue Amount Child Benefit Amount Age Reduction Accelerated Death Benefit Portability $100,000 Units of $5,000 to the lesser of $150,000 or 50% of Employee Amount $25,000 Birth to age 26 provided that the dependent is primarily supported by the employee - $10,000 None Lesser of 75% up to $112,500 Applies to employee and spouse Included Rate per $1,000 Employee and Spouse <30 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Child Rate per $1,000 $0.200
34 Additional Benefit Providers Flexible Spending Accounts (FSA) - HealthCare and Dependent Care Elections you made with Kent County remain thru Dec 31, 2016 New elections can be made only if a Qualifying Event occurs We will have the use of a Debit Card Employee Assistance Provider Employee Connect Plus provided by Lincoln Financial GRP Workers Compensation Carrier Claims Management COBRA Administration Family Medical Leave Act FMLA Claims Administration
35 Questions or Comments?.
Basic Life and Accidental Death & Dismemberment (AD&D) Insurance
Basic Life and Accidental Death & Dismemberment (AD&D) Insurance USC recognizes the importance of life insurance for employees at all ages and stages in life, by automatically providing Basic Life and
More informationAbilityOne. Goodwill of Western Missouri & Eastern Kansas
AbilityOne Goodwill of Western Missouri & Eastern Kansas Goodwill 2018 Benefits Overview BELOW IS A BRIEF OUTLINE OF IN-NETWORK BENEFITS For additional details and Out of Network benefits, please refer
More informationGoodwill 2018 Benefits Overview
Goodwill 2018 Benefits Overview BELOW IS A BRIEF OUTLINE OF IN-NETWORK BENEFITS For additional details and Out of Network benefits, please refer to the Summary Plan Descriptions at www.mokangoodwill.org/benefit.
More informationGoodwill 2017 Benefits Overview
Goodwill 2017 Benefits Overview BELOW IS A BRIEF OUTLINE OF IN-NETWORK BENEFITS For additional details and Out of Network benefits, please refer to the Summary Plan Descriptions at www.mokangoodwill.org/benefit.
More information2018 Employee Benefits
2018 Employee Benefits Thanks for your interest in IDEX! We are proud to offer a competitive benefits package and a variety of plan options, that can be customized to meet our employees individual needs.
More informationPersonnel Policy (With Board of Commissioners Signature Page)
EATON COUNTY Personnel Policy (With Board of Commissioners Signature Page) Effective January 1, 2015 2 TABLE OF CONTENTS Introduction.7 Welcome to Eaton County..7 Signature Page.8 Economic Benefits ARTICLE
More information2019 EMPLOYEE BENEFIT GUIDE
2019 EMPLOYEE BENEFIT GUIDE Welcome to USMC/RMCO 2019 Open Enrollment During Open Enrollment, all eligible employees have the opportunity to make changes to their medical, dental, vision and voluntary
More informationLawrence Livermore National Security, LLC. Online Benefits Summary Content
Lawrence Livermore National Security, LLC Online Benefits Summary Content Page 2 Lawrence Livermore National Security, LLC Benefits Summary Effective October 1, 2007 Comparison of Compensation Package
More information& Value Employee Benefit Program. Go Mobile! Scan with Your Smartphone to Access Enrollment Materials Online
2018 Total Rewards & Value Employee Benefit Program Go Mobile! Scan with Your Smartphone to Access Enrollment Materials Online Eligibility If you are an employee who is regularly scheduled to work at least
More informationUnderstanding Your Healthcare Options in Retirement. Presented by: Tara Tyler
Understanding Your Healthcare Options in Retirement Presented by: Tara Tyler This session has been approved for continuing education credits. You must sign in during the session to receive credit for attending!
More informationCALIFORNIA STATE UNIVERSITY, LONG BEACH
Subject: Benefit Summary Management Personnel Plan (MPP) Department: Benefits and Staff Human Resources Division: Administration & Finance References: NA Web Links MPP Benefit Summary Brochure Reference
More information2017 Benefits Summary
Eligibility Elected benefits for eligible employees take effect on the 1 st day of the month following 30 days of active employment. All regular full-time or part-time employees are eligible to participate
More informationKeller Independent School District s Benefit Plan Year is from January 1, 2018 to December 31, Incentive Plan Rates
KELLER INDEPENDENT SCHOOL DISTRICT 2018 Benefits Rate Guide The community of Keller ISD will educate our students to achieve their highest standards of performance by engaging them in exceptional opportunities.
More information2017 EMPLOYEE BENEFITS GUIDE
2017 EMPLOYEE BENEFITS GUIDE Medical Coverage ImmediaDent offers medical coverage through Blue Cross Blue Shield of Kansas City, a national healthcare company. Members have access to a nationwide network
More informationMUNICIPALITY OF ANCHORAGE. Benefit and Retirement Plans For 2011
MUNICIPALITY OF ANCHORAGE Benefit and Retirement Plans For 2011 Table of Contents 2011 Health Plan Summary... 1 Opt-out Program FAQs... 2 2011 Premium Rate Table... 3 Benefits:... 4 Retirement:... 6 MOA
More informationQUICK REFERENCE GUIDE
REFRIGERATION, AIR CONDITIONING & SERVICE DIVISION (UA NJ) WELFARE, PENSION & ANNUITY FUNDS QUICK REFERENCE GUIDE EFFECTIVE: JANUARY 1, 2018 Important Notice: This is an outline of the principal plan provisions
More informationMUNICIPALITY OF ANCHORAGE. Benefit and Retirement Plans For MOA Benefits Plan Book (Rev 12/20/2013) Page 1
MUNICIPALITY OF ANCHORAGE Benefit and Retirement Plans For 2014 Page 1 Table of Contents 2014 Health Plan Summary...Error! Bookmark not defined. Opt-out Program FAQs... 4 2014 Premium Rate Table...Error!
More informationTABLE OF CONTENTS. OVERVIEW Using This Summary... 3
RETIREE SUMMARY OF BENEFITS 2015 2 TABLE OF CONTENTS OVERVIEW Using This Summary... 3 ELIGIBILITY Retiree Eligibility... 4 Dependent Eligibility... 4 Surviving Spouse/Domestic Partner Continuation Coverage...
More informationCity of Taft. Employee Benefits Guide. Design Zywave, Inc. All rights reserved.
City of Taft Employee Benefits Guide Design 2008-2011 Zywave, Inc. All rights reserved. City of Taft offers you and your eligible family members a comprehensive and valuable benefits program. We encourage
More informationAnthem Health Marketplace
Kentucky Anthem Health Marketplace product families Get to know our product families with this easy-to-use guide. Effective January 1, 2016 32552KYEENABS Rev. 10/15 Please note: The charts on the following
More informationGerber Collision & Glass Benefit Package
Gerber Collision & Glass Benefit Package 2016-2017 Gerber Collision & Glass Benefits The benefits offered by Gerber Collision & Glass are designed to provide a comprehensive benefits package for you and
More information2019 Open Enrollment
2019 Open Enrollment Medical Overview Plans for 2019 The $2,700 High Deductible Plan (HSA) will remain the same The $3,000 Deductible PPO Plan will be increased to a $3,500 Deductible PPO Plan. The $950
More informationOdessa School District
Odessa School District 2016 Employee Benefits Effective July 1, 2016 DELTA DENTAL OF MISSOURI PPO BASE Premier or Non-Network PPO BUY-UP Premier or Non-Network Deductible Individual $50 $50 Family $150
More informationPACIFIC WESTERN TECHNOLOGIES, LTD. your employee benefits. at a glance
PACIFIC WESTERN TECHNOLOGIES, LTD. your employee benefits at a glance 2011 Eligibility If you are an employee working 32 hours a week or more, you are eligible for all benefits outlined in this summary.
More informationCITY OF CUPERTINO SUMMARY OF BENEFITS
CITY OF CUPERTINO SUMMARY OF BENEFITS New Health Plan Rates & Employee Cost (24 Pay Periods) Effective January 1, 2018 *Bay Area Region Rates Appointed, Unrepresented, CEA, and Operating Engineers Groups:
More informationBenefit Enrollment Guide
Benefit Enrollment Guide January 1, 2016 to December 31, 2016 Provided by: 3401 Quebec Street Suite 8000 Denver, CO 80207 PH # 303-756-5200 FAX # 303-496-0990 1 EMPLOYEE RESOURCES Rocky Vista University
More informationActuarial SECTION. A Tradition of Service
Actuarial SECTION A Tradition of Service We were created by the Michigan Legislature in 1945 with one simple goal: to help municipalities offer affordable, sustainable retirement solutions for their employees.
More informationVision Service Plan. $10 Copay every 12 months. $25 Copay every 12 months. $130 allowance every 24 months
Vision Service Plan Bonner County will pay the cost of employee coverage. You may choose to cover dependents through a payroll deduction. Monthly costs are listed below. VSP Services Exam Lenses Frames
More informationThe Archdiocese of Chicago Department of Human Resources
The Archdiocese of Chicago Department of Human Resources This pamphlet is intended to be a summary of the benefit plans for 2009. For a more detailed explanation, please refer to the 2009 Employee Overview
More informationColliers Benefits Open Enrollment November 2016
Colliers Benefits Open Enrollment November 2016 Agenda 1. What is Benefits Open Enrollment? 2. What s New this Year? 3. Benefits Overview 4. Next Steps 2 Open Enrollment Open Enrollment : November 1 st
More information2018 Benefits at a Glance FULL-TIME EMPLOYEES
2018 Benefits at a Glance FULL-TIME EMPLOYEES Important Note CNA Benefits at a Glance provides highlights of the employee benefit programs available to you as a CNA employee. Neither this document nor
More information$400/$1,200 (Embedded/Traditional) Eligible for Health FSA Coinsurance 90% covered after deductible 80% covered after deductible
For U.S. Employees of CeleritiFinTech Services USA All benefits provided to employees of CeleritiFinTech Services USA are managed by Computer Sciences Corporation (CSC), which has outsourced all U.S. health
More informationEmployee Benefits Overview The Office of Human Resources Employee Benefits Services
Employee Benefits Overview 2012 The Office of Human Resources Employee Benefits Services New Employees n Benefits Eligible Appointed 50% or more for at least 4 ½ months n Retirement Programs All benefits
More informationUNION S PROPOSAL NO. 1 ECONOMIC BENEFITS PORTION 2016 CONTRACT NEGOTIATIONS BETWEEN LOCKHEED MARTIN AERONAUTICS COMPANY FORT WORTH AND
UNION S PROPOSAL NO. 1 ECONOMIC BENEFITS PORTION 2016 CONTRACT NEGOTIATIONS BETWEEN LOCKHEED MARTIN AERONAUTICS COMPANY FORT WORTH AND INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS, AFL-CIO
More informationEmployee Benefits Renewal Plan Year: July 1, 2017 June 30, 2018
Employee Benefits Renewal Plan Year: July 1, 2017 June 30, 2018 Prepared for: Florence Unified School District Governing Board Presented by: A Division of Gallagher Benefit Services, Inc. April 11, 2017
More information2018 Benefits Summary
2018 Benefits Summary The 2018 Koch Benefits Program 1 The Koch benefits program is designed to help you meet your financial needs both now and in the future. These benefits are an important part of your
More informationA comparison guide to help you select the best plan for your needs
Choosing Your Retirement Plan Optional Retirement Plan VRS Hybrid Retirement Plan Membership Date: On or after January 1, 2014 A comparison guide to help you select the best plan for your needs Choosing
More informationFiesta Companies. Employee Benefits Guide for Plan Year: July 1, June 30, 2018
Fiesta Companies Employee Benefits Guide for Plan Year: July 1, 2017 - June 30, 2018 Fiesta Companies takes great pride in offering an excellent selection of benefits to all full-time employees. This guide
More informationEmployee Benefits Overview. Plan Year: July 1, June 30, 2019
Employee Benefits Overview Plan Year: July 1, 2018 - June 30, 2019 Welcome to BSI s 2018-19 Benefits Program! The success of BSI is directly related to talented and dedicated employees like yourself.
More informationPersonnel Policy (With Board of Commissioners Signature Page)
EATON COUNTY Personnel Policy (With Board of Commissioners Signature Page) Effective January 1, 2017 TABLE OF CONTENTS Introduction.6 Welcome to Eaton County..6 Signature Page 7 Economic Benefits ARTICLE
More informationFor Your Benefit. A guide to our 2017 associate benefits package Open Enrollment At-A-Glance Guide 2017.indd 1
For Your Benefit A guide to our 2017 associate benefits package 2016-5290 Open Enrollment At-A-Glance Guide 2017.indd 1 10/11/16 3:49 PM Our associate benefits We are pleased to offer our associates a
More informationEnrollment Procedure
2017 Benefit Guide Enrollment Procedure Due to Federal Regulations, all benefit eligible employees are REQUIRED to enroll online to confirm their choices. This includes employees who are not making any
More information2018 Benefit Summary
2018 Benefit Summary Benefits Overview Knox College is proud to offer a comprehensive benefits package to eligible employees. Eligibility is based on employees scheduled to work 30 hours or more per week,
More informationNew Hire Benefit Overview 2018
New Hire Benefit Overview 2018 BENEFIT CARRIERS BCBS of Michigan- Two choices: High Deductible and Low Deductible Plan through the West Michigan Health Pool Medical/Prescription Coverage Delta Dental of
More informationHybrid Plan Overview. Presented by Ryan Heintz, Benefit Education Specialist Tom Jordan, Benefit Plan Advisor
Hybrid Plan Overview Presented by Ryan Heintz, Benefit Education Specialist Tom Jordan, Benefit Plan Advisor 1 MERS Hybrid Plan Offers combination of both MERS Defined Benefit and MERS Defined Contribution
More information2018 MSD Benefits Overview
2018 MSD Benefits Overview This document is an outline of the coverage proposed by the carrier(s). It does not include all of the terms, coverage, exclusions, limitations, and conditions of the actual
More informationHEALTH & WELFARE BENEFITS PLAN
HEALTH & WELFARE BENEFITS PLAN for employees in OCEA-represented units 2018 OCEA-Administered Health & Welfare Benefits Plan These benefits are provided at no additional cost to employees in regular or
More informationARLINGTON COUNTY EMPLOYEES RETIREMENT SYSTEM CHAPTER 46 MEMBERSHIP HANDBOOK
ARLINGTON COUNTY EMPLOYEES RETIREMENT SYSTEM CHAPTER 46 MEMBERSHIP HANDBOOK (Established for employees hired on or after 2/8/81) Revised 1/2011 (Includes changes to the code that were approved September
More information1. Who is eligible to be a participant of the Retirement System?
Background The following guide to pension benefits for the City of Kalamazoo Employees Retirement System, presented in question and answer form, has been prepared to assist you in planning for retirement
More informationEMPLOYEE BENEFIT GUIDE ANNUAL ENROLLMENT FOR 2017 PLAN YEAR
EMPLOYEE BENEFIT GUIDE ANNUAL ENROLLMENT FOR 2017 PLAN YEAR Revised 10/06/2016 KEY OPEN ENROLLMENT FACTS Annual benefits open enrollment will be Wednesday, November 2, 2016 Wednesday, November 16, 2016.
More informationDuke University Benefits Overview: Non-Exempt 2018
Duke University Benefits Overview: Non-Exempt 2018 We are pleased to provide you with information about your benefits at Duke. Our organization is rich in heritage and is proud of its work. While your
More informationyour health. your life. your future.
EMPLOYEE BENEFITS PROGRAM Benefit with Oxy 2018 your health. your life. your future. Occidental Petroleum Corporation Benefit Plans at a Glance Oxy s benefit plans and programs are designed to provide
More informationWilmington Health FT Regular Employees
2018 Benefits Digest Wilmington Health FT Regular Employees WELCOME We are pleased to provide you with the 2018 Benefits Digest booklet. This guide is intended to provide a summary of the benefit programs
More information2017 Full-Time Benefits Package Summary
2017 Full-Time Benefits Package Summary This Summary is intended to be a quick overview of ZAPATA s benefits. It is suggested that all new employees refer to each specific Coverage Booklet to get the most
More informationBenefit Meeting Plan Year beginning 06/01/2017
Benefit Meeting Plan Year beginning 06/01/2017 What s Happening? Changing Claim Administrator Moving to UMR Deductibles/Out-of-Pockets met will be credited to new plan Qualified High Deductible Health
More informationEmployee Benefits Guide
Employee Benefits Guide Plans effective January 1, 2017 Full-Time Faculty Welcome to Montgomery County Community College! Montgomery County Community College (the College) strives to offer you and your
More informationWelcome! New Employee Orientation. Revised 1/18
Welcome! New Employee Orientation Revised 1/18 Healthcare Benefits Medical Anthem Dental Delta Dental Vision VSP You have 31 days from your date of hire to submit your enrollment forms for eligible benefits.
More informationBENEFIT SUMMARY 2018
BENEFIT SUMMARY 2018 In this issue Health Plans Summaries and Premiums Dental Plan Summary and Premiums Flexible Spending Account (FSA) Health Savings Account (HSA) Wellness Program and Employee Assistance
More informationWelcome! Wright State University New Employee Orientation
Welcome! Wright State University New Employee Orientation 1 WSU Healthcare Benefits Medical Anthem Dental Delta Dental Vision VSP You have 30 days from your hire date to submit your enrollment forms for
More informationAllied Oilfield Machine & Pump, LLC
Allied Oilfield Machine & Pump, LLC Employee Benefits Guide Updated January 1, 2017 Allied Oilfield takes great pride in offering an excellent selection of benefits to all full-time employees. This guide
More informationShawnee State University Open Enrollment 2019
Shawnee State University Open Enrollment 2019 WHAT IS OPEN ENROLLMENT? Open enrollment is the time of year that you can make changes to your benefits, such as changing plans, dropping coverage, enrolling
More informationBenefits Summary for UAB Hospital Management LLC Employees uab.edu/benefits
Benefits Summary for UAB Hospital Management LLC Employees uab.edu/benefits HUMAN RESOURCE MANAGEMENT Health Care, Dental, and Vision Plans For new employees, coverage under UAB s group health care, dental,
More informationGoverning Board Recommendation Packet Employee Benefit Plans
Governing Board Recommendation Packet Employee Benefit Plans Plan Year July 1, 2015 June 30, 2016 Presented by: March 11, 2015 G:\WINAPPS\5GRPACTS\Florence Unified School\2015\Meetings\15 03 11 Governing
More information2014 Employee AUBURN Benefits-at-a-Glance
2014 Employee AUBURN Benefits-at-a-Glance UNI V E R S ITY 1 Health Insurance PROVIDER COVERAGE Health Insurance Mental Health Dental Insurance Self-Insured, Administered by Blue Cross Blue Shield of AL
More information2016 Employee Benefits Overview
2016 Employee Benefits Overview In addition to receiving a competitive salary and having an equal opportunity for professional development and advancement, you are eligible to enjoy other benefits as a
More informationBenefits Summary for UAB Employees
Benefits Summary for UAB Employees uab.edu/benefits HUMAN RESOURCES The University of Alabama at Birmingham Healthcare Plans For new employees, coverage under UAB s healthcare plans will begin on the date
More informationContinuing State Group Insurance Benefits as a Retiree
Continuing State Group Insurance Benefits as a Retiree Erin Rock, Secretary Be sure to keep your address up todate in People First Learning More Once action is entered in People First State Group Insurance
More information2018 Benefits Summary
2018 Benefits Summary While this summary is intended to be a useful reference, it is not a substitute for your Group Certificate or handbook. If there are any discrepancies between this summary and the
More informationBenefit Description Cost Effective Date Eligibility Enrollment. Accrued cost paid by FSU Date of Hire USPS
Sick Leave Accrued paid time off for illness, injury, or appointments with health care providers for the employee or the employee's immediate family member. Each pay period the employee accrues 4 hours.
More informationWestlake Chemical 2019 BENEFITS GUIDE
Westlake Chemical 2019 BENEFITS GUIDE Westlake Chemical Benefit Guide What s Inside About This Guide...1 Your 2019 Benefits Summary...1 Eligible Dependents...1 When Coverage Is Effective...1 Medical Plan
More informationMedical Plan Options
Medical Plan Options Plans Ferris 1 Time Contribution To HSA In Network Deductible Note: Deductible is per Plan Year (July-June) Out of Network Deductible *Inpatient Services & Non-copay Medical Services
More informationReady to Retire Learn about the Defined Benefit Retirement Process Presented by Dave Bernier, MERS Benefit Education Specialist
Ready to Retire Learn about the Defined Benefit Retirement Process Presented by Dave Bernier, MERS Benefit Education Specialist About MERS MERS is an independent, professional retirement services company
More informationEQUITY-LEAGUE HEALTH FUND (the Fund) ELIGIBILITY SUMMARY CHART (AS OF 4/01/18) SUBSEQUENT COVERAGE
EQUITY-LEAGUE HEALTH FUND (the Fund) ELIGIBILITY SUMMARY CHART (AS OF 4/01/18) INITIAL PARTICIPANT MEDICAL/VISION COVERAGE begins 2 months after you work at least 11 weeks of covered employment (earn 11
More informationSummary of Health Benefits Effective January 1, 2017
Summary of Health Benefits Effective January 1, 2017 At AVT, we do everything possible to ensure our employees enjoy a comprehensive benefits package which meets a wide variety of needs. Our Employee Benefits
More information2018 Benefits Summary
2018 Benefits Summary University of North Carolina Health Care System UNC Health Care is committed to offering a competitive benefits program for UNC Health Care employees. Our benefits options extend
More information2015 Summary of OUC Benefits and Hybrid Retirement Program
2015 Summary of OUC Benefits and Hybrid Retirement Program BENEFITS AVAILABLE UPON EMPLOYMENT MEDICAL, DENTAL AND PRESCRIPTION INSURANCE PROGRAMS (Health Plan): OUC offers three different medical plans
More information20 E M P L O Y E E B E N E F I 18 T S
EMPLOYEE BENEFITS 2018 2 advantel employee benefits 2018 Medical Insurance AdvantTel Networks is proud to offer medical benefits available to all eligible employees through United Healthcare (UHC) and
More informationWestlake Chemical Benefits Guide
Westlake Chemical Benefits Guide Westlake Chemical Benefit Guide What s Inside Your 2017 Benefits Summary...1 Your Eligible Dependents Include...1 Medical Plan Options...1 2017 Medical Premiums...1 2017
More informationMedical Plan Options
Medical Plan Options Plans In Network Deductible Note: Deductible is per Plan Year (July-June) Out of Network Deductible *Inpatient Services & Major Medical Services Coinsurance Maximum Office Visit Co-Pay
More informationA comparison guide to help you select the best plan for your needs
Choosing Your Retirement Plan Optional Retirement Plan VRS Hybrid Retirement Plan Membership Date: On or after January 1, 2014 A comparison guide to help you select the best plan for your needs Choosing
More informationARTICLE TWENTY-FIVE GROUP INSURANCE AND HEALTH EXPENSE CARE BENEFITS. Appendix C-1, Paragraph F describes Employee Contributions for medical.
ARTICLE TWENTY-FIVE GROUP INSURANCE AND HEALTH EXPENSE CARE BENEFITS Section 1. Employee and Dependent Coverage All group insurance, health expense care benefits which include medical, dental and prescription
More information2019 Open Enrollment. Presented by Araceli Cosio, Filice Insurance
2019 Open Enrollment Presented by Araceli Cosio, Filice Insurance Introduction Open Enrollment is your annual opportunity to make benefit election changes without a qualifying event. During open enrollment
More informationA Guide to Your Benefits 2019
A Guide to Your Benefits 2019 Lamers Bus Lines, Inc. offers a comprehensive suite of benefits to promote health and financial security for you and your family. This booklet provides you with a summary
More information2018 Benefits Open Enrollment: October 23 November 3
2018 Benefits Open Enrollment: October 23 November 3 Campus Open Enrollment Benefits Fair Schedule Campus/Location Date Time University of New Hampshire School Monday 11:30 a.m. 1:00 p.m. of Law Concord
More informationUNIVERSITY OF MISSOURI. Benefits Summary for Full-Time Faculty & Staff
UNIVERSITY OF MISSOURI Benefits Summary for Full-Time Faculty & Staff Effective January 1, 2010 This benefits summary is designed to give you an overview of the major points of UM s various benefits programs.
More information2016 BENEFITS AT A GLANCE Sinai Non-Union
2016 BENEFITS AT A GLANCE Sinai Non-Union At LifeBridge Health - Sinai Hospital, we are proud of our diverse workforce and we want to make every effort to meet your diverse needs. We are pleased to present
More informationAll new non-faculty employees have a mandatory New Staff Orientation that they must attend. If you haven t already scheduled this session please call
1 All new non-faculty employees have a mandatory New Staff Orientation that they must attend. If you haven t already scheduled this session please call Staff Development at x7654 to do so. 2 How to locate
More informationAgenda. Annual Benefit Enrollment What s New in 2019? Next Steps Questions?
2019 BENEFITS SSA Agenda Annual Benefit Enrollment What s New in 2019? Next Steps Questions? 2 Annual Benefit Enrollment Annual Enrollment is the time of the year to: Review benefit plan options Change
More informationContinuing State Group Insurance Benefits as a Retiree
Continuing State Group Insurance Benefits as a Retiree Erin Rock, Secretary Be sure to keep your address up-todate in People First Learning More Once action is entered in People First - State Group Insurance
More informationBENEFITS SUMMARY. Skilled Crafts (Unit 6)
BENEFITS SUMMARY Skilled Crafts (Unit 6) THE BENEFITS OF WORKING AT THE CSU This summary provides an overview of systemwide benefits generally available to Skilled Crafts (Unit 6) employees of the California
More informationShell Oil Company US Summary of Benefits
Shell Oil Company 2017 US Summary of Benefits The information presented in this document is a high level overview of benefits offered to eligible regular full-time and regular part-time Shell and Motiva
More informationWelcome to the School District of Philadelphia
Welcome to the School District of Philadelphia Benefits and Retirement Overview* For PHILADELPHIA FEDERATION OF TEACHERS (PFT) EMPLOYEES Inside you will find a summary overview of the benefits for which
More informationMedical Plan Options
Medical Plan Options Plans Ferris 1 Time Contribution To HSA In Network Deductible Note: Deductible is per Plan Year (July- June) Out of Network Deductible *Inpatient Services & Non-copay Medical Services
More information2017 Benefits Open Enrollment
2017 Benefits Open Enrollment Benefits Open Enrollment Is October 31 November 11, 2016. Ready to Choose? As recently announced by President Zach Green, Colas Inc. continues to align aspects of its business.
More informationKCTCS EMPLOYEE OPEN ENROLLMENT October 10 28, 2011
KCTCS EMPLOYEE OPEN ENROLLMENT 2012 October 10 28, 2011 HEALTH INSURANCE HIGHLIGHTS Passive Enrollment for 2012 Health elections for 2011 will automatically roll-over unless you make a change IDs were
More informationFlorida State University Summary of Benefits. Benefit Description Cost Effective Date Eligibility Enrollment
Sick Leave Accrued paid time off for illness, injury, or appointments with health care providers for the employee or the employee's immediate family member. Each pay period the employee accrues 4 hours.
More information2018 Health, Dental and Vision Monthly Contributions
2018 Health, Dental and Vision Monthly Contributions Benefit Plan Monthly Contributions for Active Regular Full-Time and Part-Time Employees Employee Only Spouse Child(ren) Family Dental: Cigna PPO $ 13
More information2018 EMPLOYEE BENEFITS PRESENTATION
2018 EMPLOYEE BENEFITS PRESENTATION 2018 BENEFITS MEETING Agenda 1 Overview 2 3 4 5 6 7 Touchpoints & Pocketpal Medical BCBS MA HRA Benefit Strategies Alex FSA Benefit Strategies Dental Delta Dental 8
More information(a) Information Session For Plan Enrollment Options
2018 401(a) Information Session For Plan Enrollment Options 1 This presentation has been prepared by Anne Arundel County and T. Rowe Price Retirement Plan Services, Inc., for general education and informational
More informationBenefit Summary
2018-2019 Benefit Summary Your Health Your Decision Welcome to your 2018-2019 Benefits Enrollment What s in the Guide? Enrollment Process....3 Medical........ 4 gap Plan.....5 Dental.....6 Vision... 7
More information