RETIREMENT BENEFITS Human Resources - Employee Benefits Spring 2000.

RETIREMENTBENEFITS

Human Resources - Employee BenefitsSpring 2000

OVERVIEW• Payroll

• Eligibility for health insurance

• Cost

• Deferring coverage

• Medical benefits

• Vision and dental

• Medicare

• Death benefit for retired state employees

• Returning to work

• Notifying the retirement system

• Vesting

PAYROLL

• Final leave record signed and returned to Payroll

- Retirement system- Final paycheck- Health insurance

PAYROLL

• Date of last paycheck

• 5-day salary withholding (CSEA, M/C, PEF)

• Vacation/balance of contract

• Notify of any address changes

NOTIFYING THE RETIREMENT SYSTEM

New York State Employees’ and Teachers’ Retirement Systems

• At least 30 but no more than 90 days ahead of retirement date

• ERS 518-474-7736• TRS 518-447-2666

NOTIFYING THE RETIREMENT SYSTEM

TIAA - CREF

• Can begin benefits any timeafter retirement

• Contact TIAA for retirementapplication package1 800 842 2733

HEALTH INSURANCE / RXAM I ELIGIBLE?

• Minimum service period

• Age 55 and eligible for retirement Age 50 during an incentive

• Enrolled in a health insurance program on date of retirement

VESTING

• Must meet service but not age requirement

• Pay full share cost

• Loss of unused sick leave credit

COST

• Your share

• Sick leave credit

• Dual annuitant

• Payments

COST2000 Monthly Rates

• Your share

Empire PlanEmpire Plan

IndividualIndividual FamilyFamily

$24.84$24.84 $100.83$100.83

COST

• Your share

• Sick leave credit

• Dual annuitant

• Payments

http://www.cs.state.ny.us

DEPENDENT SURVIVORS

• Notify Department of Civil Service and retirement system

• 3 months extended coverage period

• Option to continue coverage available

• When survivor coverage ends

DEFERRING COVERAGE

• Indefinite

• Sick Leave Credit increases

• Elect prior to retirement

MEDICAL / RX BENEFITS

• Coverage continues automatically• Empire Plan benefits administered by Civil Service

–Employee Benefits Division–1-800-833-4344

• Will continue to receive Empire Plan Reports/updates

EMPIRE PLANHEALTHCALL (Benefits Management Program) 1-800-992-1213

- Before Maternity or Scheduled Admissions- Within 48 Hours of Emergency Admission- Before Having Certain Procedures

HOSPITAL BENEFITSBlue Cross / United HealthCare1-800-342-9815

Hospital Inpatient / Outpatient CareSkilled Nursing Facility

Hospice

MEDICAL / SURGICAL BENEFITS United HealthCare (MetLife)1-800-942-4640

Participating Provider:

CopaysMetropolitan Pays Doctor Directly

Non-Participating Provider:

Annual DeductibleSubmit Claims to UHC

80% of Covered Expenses (reasonable & customary)

MANAGED CAREMANAGED PHYSICAL MEDICINE

(MPN) 1-800-942-4640

Chiropractic Treatment and Physical Therapy

VALUEOPTIONS1-800-446-3995

Mental Health and Substance Abuse

Treatment

HOMECARE ADVOCACY PROGRAM (HCAP) 1-800-638-9918

Home Care Services and/or Durable Medical Equipment/Supplies

HMO’s

• Benefits administered by individual HMO’s

• Hospital, medical, surgical and prescription coverage

• All services provided or arranged by a primary care physician

HMO’s

• Emergency coverage worldwide

• NYSHIP HMO’s now in Floridaand Pennsylvania

• HMO reports

VISION and DENTAL

• Benefits expire

• Options :

- COBRA- GHI Spectrum Plus- UUP Vision / Dental Plans- CSEA Dental Plan

MEDICARE

• What is it? • Do I have to have it?• How to enroll

• Medicare reimbursement • Expenses outside the US

- Contact Social Security (1-800-772-1213)

• Medicare crossover

SURVIVOR’S BENEFIT PROGRAM

• $3,000 death benefit

• TIAA-CREF members must annuitize within 90 days

• Complete Death Benefit form

RETURNING TO WORK

• Returning to SUNY : $17,000 in 2000

• Social Security earnings limits

- Under 65 $ 10,080 (2000)

- Age 65 + no limit

THINGS TO CONSIDER

• Letter of retirement

• CU membership may be continued

• Contact Aetna, TIAA-CREF, or Copeland about regular tax-deferred accounts

INFORMATION from Web Sites

• General retirement information/updates

http://www.NYSTRS.albany.ny.us

http://www.OSC.state.ny.us/retire/

-- includes deferred compensation information --

http://www.tiaa-cref.org

CONTACTS

• Deborah Roe • (716) 395-2126

• Connie Davis • (716) 395-5135