The City University of New York Benefits Orientation Full Time Instructional Staff

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The City University of New YorkBenefits
Orientation-Full Time Instructional Staff-

• Office of Faculty and Staff Relations
• University Benefits

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YOUR BENEFITS INCLUDE

• Pension Plans
• Alternative Funding Vehicles (AFVs)
• Tax Deferred Annuity (TDA)-Voluntary Savings
• NYC Health Benefits Program
• PSC-CUNY Welfare Fund Benefits
• Leaves
• Retirement
• Other Benefits

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PENSION PLANS
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CHOOSING A PENSION PLAN!Your Choices are

• Teachers Retirement System of the City of NY
  (TRS)
• TIAA-CREF - (Optional Retirement Program)
• NYC Employees Retirement System (ERS)
• (only as a Transferred Contributor)
• Board of Education Retirement System (BOERS)
• (only as a Transferred Contributor)
• Please note New employees have 30 days from
  appointment date to choose a retirement plan. If
  no choice is made within 30 days, New York State
  Education Law Section 6253 mandates that the
  employee be assigned to TRS

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CHOOSING A PENSION PLAN! Review at a Glance!

• TRS
• Defined benefit plan
• Vesting after 5 years
• Employee contributes 3 of base salary, pre-tax
  to the Qualified Pension Plan (QPP) for the first
  10 years of public employment
• Employer contributes a lump-sum to the pension
  fund, not individual accounts
• Benefits are based on age, final average salary
  (FAS) and years of service credit

• TIAA-CREF (ORP)
• Defined contribution plan
• Vesting after 366 days
• Employee contributes 3 of base salary, pre-tax
• Employer contributes 8 of salary for the first
  seven years and 10 thereafter
  
• Employer/employee Contributions held in suspense
  for 366 days unless you have a vested open
  retirement plan contract
• Benefits are based on the amounts contributed by
  the employer and the employee and the investment
  experience

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TEACHERS RETIREMENT SYSTEM OF THE CITY OF NEW
YORK
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TRSWho Can Participate?

• full-time or a part-time Instructional Staff or
• pre-existing TRS members

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TRSHow do I Enroll?

• To enroll in TRS, you must obtain from your
• Human Resources/Personnel Office and
• complete the following
• The Tier III/IV Enrollment Application and
  Beneficiary Form
• must be notarized
• necessary proof of birth documentation must be
  submitted
• The Retirement Program Election Form

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TRSWhen Does your Pension Plan Become Effective?

• Your membership begins on the day that TRS
  receives your Tier III/IV Enrollment Application
  or 30 days after your CUNY appointment, whichever
  comes first.

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TRSTier Status

• Tier I members joined TRS before July 1, 1973
• Tier II members joined TRS after June 30, 1973,
  but before July 27, 1976
• Tier III members joined TRS after July 26, 1976,
  but before September 1, 1983
• Tier IV members joined TRS after August 31, 1983

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TRS Transferring Membership

• After joining TRS, you must contact the previous
  retirement system listed below to initiate
  transfer of your previous membership service
• NYC Employees Retirement System
• NYC Board of Education
• NYC Fire Department Fund
• NYC Police Department Pension Fund
• NYS and Local Police and Fire Retirement System
• NYS Teachers Retirement System
• NYS and Local Employees Retirement Systems

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TRS Important Facts

• Benefits are based on age, final average salary
  (FAS) and years of service credit (service
  prorated for part-time members)
• Vesting occurs after completing 5 full time years
  of membership service as an Instructional Staff
  member
• If you are an in-service member who is at least
  age 55 and have completed at least five years of
  membership service, you would be eligible to
  receive immediate payment of a reduced retirement
  allowance. However, if you were hired after
  12/27/01 you will need 10 years of service to
  receive retiree health insurance

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TRS Tier IV Service Retirement

• Calculation of a Retirement Benefit
• Service Credit Tier IV Service Retirement
• Less than 20 years 1 2/3 of FAS x years of
  service credit
• 20-29 years 2 of FAS x years of service credit
• 30 or more years 60 of FAS for first 30 years of
  service
• 1 ½ of FAS x years of service credit
• exceeding 30 years

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OPTIONAL RETIREMENT PROGRAM (ORP)

• Currently TIAA-CREF

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TIAA-CREF Who can Participate?

• All full-time Instructional Staff members are
  eligible for membership in TIAA-CREF (ORP) at the
  City University of New York

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TIAA-CREF How do I Enroll?

• To enroll in TIAA-CREF you must obtain
• from your Human Resources/Personnel
• Office
• The TIAA-CREF Retirement Annuity Application
• The Retirement Program Election Form
• you must list beneficiaries

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TIAA-CREFVesting Cycle

• If you do not have a previous vested CUNY
  Retirement Annuity contract or a vested open
  retirement plan contract from another employer,
  employee employer contributions will be held in
  a suspense account for 366 days (the vesting
  cycle)
• For Senior Colleges Upon the completion of the
  vesting cycle, employee contributions which are
  being held in an escrow account in Albany will be
  sent from the Office of the State Comptroller
  (OSC) and applied to your TIAA-CREF annuity
  contracts with 2 interest. The University will
  apply the employer contributions to with 2
  interest to your contracts
• For Community Colleges Upon the completion of
  the vesting cycle, employee contributions which
  are being held in a deposit fund at TIAA-CREF
  will be applied with 2 interest to your
  contracts. The University will apply the
  employer contributions with 2 interest to your
  contracts
• After vesting you will start receiving quarterly
  statements from TIAA-CREF

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TIAA-CREFImpact of Multiple Employmenton
Contributions

• Effective July 1, 2001, earnings in a
  part-time/hourly Instructional Staff position
  held by a full-time Instructional Staff member
  became pensionable
• Part-time earnings require both employee and
  employer contributions

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TIAA-CREF How do I Initiate my Multiple
Employment Deductions?

• When a full-time Instructional Staff member is
  appointed to an part time/hourly position for the
  first time, they must complete the multiple
  position form (102b). Forms can be obtained in
  the
• Office of the Provost
• Office of the Academic Deans
• Academic Departments
• Evening Summer Session Office
• Benefits Office
• Human Resources Office
• Please review your pay stubs to ensure
  appropriate pension deductions

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TIAA-CREF Important Facts

• Benefits are based on the amounts contributed by
  the employer, the employee and the investment
  experience
• Vesting occurs after completing 366 days of
  full-time continuous service as an Instructional
  Staff member (waived if there is a vested open
  TIAA retirement plan contract)
• After the 366 day vesting period, employees are
  allowed to move funds to the Alternate Funding
  Vehicles MetLife or Guardian
• There is no minimum retirement age required to
  collect a retirement allowance. However, there
  is a tax penalty for early withdrawal

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ALTERNATE FUNDING VEHICLES(AFVs)

• In order to allow for diversification of your ORP
  investments two AFVs are permitted. At present,
  the AFVs are the Guardian (represented by the
  Halliday Financial Group) and MetLife. Once you
  are vested (after 366 days) in your retirement
  annuity you may transfer your assets. Please
  review with each vendor what fees, if any, apply
  to such transfers. Contact your Human
  Resources/Personnel Office for further details

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TDA or Supplemental Retirement Annuity
TAX DEFERRED ANNUITY (TDA)
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HOW DO I ADD TO MY PERSONAL INVESTMENTS FOR
RETIREMENT?

• Employees have the option of participating in a
  tax-deferred annuity
• The tax-deferred annuity allows employees to set
  aside pre-tax dollars subject to IRS limits
• As a result, the employee may voluntarily reduce
  their taxable income

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TAX DEFERRED ANNUITYOptions

• Teachers Retirement System of the City of New
  York (for current members only)
• TIAA-CREF
• Lincoln Life (represented by the Halliday
  Financial Group - HFG)

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TAX DEFERRED ANNUITY Limits

• Pre-Tax Savings Goal Amounts 2005
• 14,000 - 402(g) limit
• 4,000 additional if you are 50 years or older
  you are allowed to make additional catch-up
  elective deferral contributions
• 3,000 additional if you have 15 years of
  full-time service in CUNY. Catch-up provision -
  up to 3,000 per year and 15,000 over the period
  of employment at an institution
• deferred savings includes any pre-tax monies set
  aside, including Flexible Spending Accounts

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NYC HEALTH BENEFITS PROGRAM
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HEALTH BENEFITS Who can Participate?

• If you work on a regular schedule at least 20
  hours per week and
• Your appointment is expected to last for more
  than six months and
• You are being paid from tax-levy funds

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HEALTH BENEFITS How do I enroll?

• Complete the Health Benefits Application (Form
  ERB)
• To enroll any eligible dependents you must submit
  acceptable documentation to support their
  eligibility status and
• Return the health benefits application to the
  Human Resources Department within 30 days

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HEALTH BENEFITS Who can be Covered?

• A legally married husband or wife, but never an
  ex-spouse
• Domestic Partner
• Unmarried children under age 19
• Unmarried children between 19 23 who are full-
  time students in an accredited educational
  institution
• Unmarried children who cannot support themselves
  due to disability that occurred while the
  dependent was covered by the City

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DOMESTIC PARTNER

• A domestic partner is
• at least 18 years of age,
• living together with the participant in a current
  continuous and committed relationship,
• not related by blood to the participant in a
  manner that would bar marriage in New York State
  
• City residents must register domestic partner
  through the City Clerks Office, the City Clerk
  issues a Domestic Partnership Registration
  Certificate which you will forward to your Human
  Resources/Personnel Office or to the University
  Benefits Office if confidentiality is required.
• Non City residents must complete an Alternative
  Affidavit of Domestic Partnership and then
  complete a statement of financial interdependence
  with supporting documents- notarized which you
  will forward to your Human Resources/Personnel
  Office or to the University Benefits Office if
  confidentiality is required.

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TAX CONSEQUENCES OF HEALTH BENEFITS FOR DOMESTIC
PARTNERS

• Based on Internal Revenue Service (IRS) policy,
  health benefits provided by the City and union
  welfare funds to domestic partners are considered
  income to employees and retirees
• This additional income is subject to Federal,
  State, and local tax plus Social Security/
  Medicare taxes

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HEALTH BENEFITSTypes of Health Plans and
Services Offered

• Health Maintenance Organizations (HMO) A system
  of healthcare that provides managed, pre-paid
  hospital and medical services to its members. An
  HMO member chooses a Primary Care Physician (PCP)
  from within the HMO network
• Plans presently offered Aetna HMO, CIGNA
  Healthcare, GHI HMO, Empire HMO New York, Empire
  HMO New Jersey, Healthnet, HIP Prime HMO and
  Vytra Health Plans
• Exclusive Provider Organization (EPO) Offers a
  higher level of choice and flexibility than many
  other managed care plans. Members can see any
  EPO network provider. There is no need to choose
  a PCP and no referrals are necessary to see a
  specialist. Plans presently offered Empire EPO

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HEALTH BENEFITSTypes of Health Plans and
Services Offered cont..

• Point of Service (POS) Offers the freedom to
  use a network or an out-of-network provider for
  medical and hospital care. When using
  out-of-network providers, healthcare delivery
  resembles that of a traditional indemnity plan
• Plans presently offered Aetna QPOS, HIP Prime
  POS and GHI-CBP/EBCBS
• Preferred Provider Organization (PPO) Offers
  the freedom to use either a network or an
  out-of-network provider for medical and hospital
  care. Participating plans contract with health
  care providers who agree to accept negotiated
  lower payment from the health plan
• Plans presently offered None

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HEALTH BENEFITS How to Select a Health Plan?

• Coverage - some plans offer preventative services
  while others do not
• Choice of Doctor - some plans offer partial
  reimbursement when non-participating doctors are
  used
• Convenience of Access - home or work
• Cost - some plans require payroll deductions for
  basic coverage while others charge for the
  optional rider only

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HEALTH BENEFITS Transfer Period

• The Transfer Period is a time in which you can
• make changes to your health plan without
• having a qualifying event
• The NYC Health Benefits Program determines the
  exact dates usually it is during the Fall
• All changes become effective the first day of the
  first full pay period in January of the next year

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HEALTH BENEFITS Cost of Health Coverage

• The rates vary depending on the type of plan
  carrier you choose
• Refer to the Citys Summary Program Description
  (SPD) and updates for rates and information.
  www.nyc.gov/html/olr

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PSC-CUNY WELFARE FUND BENEFITS
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PSC-CUNY WELFARE FUND Who is eligible for
benefits?

• must be eligible for health coverage under the
  NYC Health Benefits Program
• full-time Instructional Staff members with a six
  month or more appointment
• paid from tax-levy funds
• working at least 20 hours per week

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PSC-CUNY WELFARE FUNDWhat Titles are Eligible
for Benefits?

• Classified Managerial Staff Members
• included
• Administrative Superintendent (BG)
• Assistant College Security Director
• Chief Administrative Superintendent of Building
  and Grounds (BG)
• Chief Administrative Superintendent of Campus
  Buildings and Grounds (BG)
• College Security Director
• Computer Operations Manager
• Computer Systems Manager
• Deputy University Security Director
• University Associate Chief Engineer
• University Chief Architect
• University Chief Engineer
• University Security Director

• Instructional Staff Groups
• included
• College Laboratory Technician series
• Higher Education Officer series
• Full-time faculty titles
• Continuing Education Teachers

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PSC-CUNY WELFARE FUNDHow do I enroll?

• You must complete the PSC-CUNY Welfare Fund Data
  Sheet which you can obtain from your Human
  Resources/Personnel Office
• To enroll any eligible dependents, you must
  submit acceptable documentation to support their
  eligibility status

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PSC-CUNY WELFARE FUNDWhat is the Effective Date
of Coverage?

• Your PSC-CUNY Welfare Fund benefits begins on the
  1st day of the next month following your
  appointment (or on the first day of the month if
  you start on the 1st day of the month), if your
  enrollment form (data sheet and supporting
  documentation) is received within 31 days
• If the Human Resources Department does not
  receive your enrollment form within 31 days of
  your appointment date, your benefits may be
  delayed, and you may be subject to a loss of
  benefits

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PSC-CUNY WELFARE FUND Non Contributory Plans

• Non Contributory Plans are provided by the
  PSC/CUNY
• Welfare Fund at no cost to you. These include
• Cigna Major Medical Supplement for members in
  GHI-CBP/Empire Blue Cross Blue Shield
• Death Benefit
• Dental Plan
• Group Long Term Disability
• Optical Hearing Aid Benefits
• Prescription Drug Plan

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CIGNA MAJOR MEDICAL SUPPLEMENT

• Deductible
• For those who purchased the optional rider
  through GHI the deductible is 1,000 for
  individual plan and 2,000 for a family plan
• For those who do not purchase the Optional Rider
  the deductible is 4,000 for an individual plan
  and 8,000 for a family plan
• Coinsurance
• After deductible is met, Cigna pays 50 of R C
  not paid by GHI
• After 50 coinsurance equals 3,000 for
  individual or 6,000 for family in a calendar
  year, CIGNA will pay 100 of R C not paid by
  GHI

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CIGNA MAJOR MEDICAL SUPPLEMENT GHI-CBP Members
Only

• If you have covered medical expenses that are
  not completely reimbursed under your GHI-CBP
  plan, you can use the CIGNA major medical
  supplement. When your GHI-CBP allowance for
  covered procedures doesn't cover your medical
  bills completely, the major medical supplement
  gives you added financial security.

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DEATH BENEFIT

• If you die in active service, your designated
  beneficiary is entitled to a 2,500 death benefit

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GUARDIAN DentalGuard PREFERRED ALLOWANCE PLAN

• This is a scheduled dental plan
• each dental service has a scheduled fee
• No deductible, annual or lifetime maximum payment
• Preferred Provider Organization-PPO Network
• may use any dentist of your choice
• How to contact Guardian
• 1.800. 541.7846
• www.guardianmarketing.com/psccuny

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GROUP LONG TERM DISABILITY

• Coverage through the Standard Insurance Company
  after completing one year of service
• Basic Disability coverage pays 50 of the
  pre-disability salary with a minimum of 1,250
  monthly and a maximum, of 2,500 monthly before
  offsets
• Begins 1st of month following six consecutive
  months of total disability
• Benefits continue to the earlier of five years or
  age 65

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OPTICAL BENEFITS

• Benefits available once every 24 months
• General Vision
• Plan includes eye exam and prescription/glasses
• Other options at your expense
• Davis Vision
• Plan includes eye exam and prescription/glasses
• Co-pay of 25 for contact lenses
• Direct reimbursement Plan
• Maximum reimbursement of 100 for prescription
  glasses purchased through a non-participating
  provider

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OPTICAL BENEFITS cont

• General Vision Services (GVS) offers the "Off
  Year" benefit for dependent children who have a
  prescription change in the year following the
  year of the use of the benefit. You MUST notify
  GVS that you are using this benefit at the time
  of service.
• Davis Vision offers a percentage discount on the
  "Offer Year" for contacts or frames and lenses.

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HEARING AID BENEFIT

• Benefits available once every 36 months
• Direct reimbursement of 500 maximum
• The Speech Hearing Center of Brooklyn College

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PRESCRIPTION DRUG BENEFITMedco Health (Primary
Plan)

• Ability to get your prescription through a
  network of participating retail pharmacies or
  through the Medco Health Home Delivery Pharmacy
• maintenance drugs may be purchased through Medco
  Health Home Delivery Pharmacy
• How to contact Medco Health
• Member Services 1.866.386.3797
• www.medcohealth.com

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PRESCRIPTION DRUG BENEFIT cont..Medco Health
Home Delivery Service

• Maintenance Drugs
• Ability to get up to 100-day supply of medication
• Pay a 20 coinsurance with a minimum of 5.00
  for generic drugs
• Pay a 20 coinsurance with a minimum of 30.00
  for plan-preferred brand-name drugs
• Pay a 20 coinsurance with a minimum of 60.00
  brand-name drugs not preferred by the plan
• which ever is greater

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PRESCRIPTION DRUG BENEFIT cont..Medco Health
Retail Network Service

• Medication needed for short periods of time, up
  to a 30-day supply of medication
• You pay a 20 coinsurance with a minimum of
  5.00 for generic drugs
• You pay a 20 coinsurance with a minimum of
  15.00 for plan-preferred brand-name drugs
• You pay a 20 coinsurance with a minimum of
  30.00 for brand-name drugs not preferred by your
  plan
• Coinsurance will increase to 35 if you continue
  to use retail pharmacy after second refill
• which ever is greater

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PRESCRIPTION DRUG BENEFIT cont..Nonparticipating
Pharmacies

• If you use nonparticipating pharmacies
• you must pay the full cost of a prescription
• complete a direct reimbursement claim form and
  submit to Medco Health
• if you complete a direct reimbursement you will
  be reimbursed for a portion of the cost

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PSC-CUNY WELFARE FUND Contributory Plans

• Contributory Plans are voluntary and require a
• contribution from you. These include
• Catastrophe Major Medical
• Guardian DentalGuard PreferredSupplemental
  Voluntary Buy-up Plan
• Optional Long Term Disability
• Term Life Insurance (provided through NYSUT)
• Long Term Care

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CATASTROPHE MAJOR MEDICAL (voluntary, must
purchase)

• Supplement to basic health policy. Provided
  through Marsh Affinity
• 10,000 deductible
• Premium based upon age at time of enrollment
• Plan pays up to 2 million for up to ten years
  for covered services (medical, surgical
  convalescent expenses)

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Guardian DentalGuard PreferredSupplemental
Voluntary Buy-up Plan

• Enhances core dental plan for more costly
  procedures
• Maximum Benefit per year 1,500 per covered
  person
• Enroll by filing application within 30 days of
  appointment or during the City of New Yorks
  open enrollment period
• If you decide to drop coverage you must wait a 2
  year period to re-enroll

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GROUP LONG TERM DISABILITY Optional Coverage
(voluntary, must purchase)

• Coverage through the Standard Insurance Company
  after completing one year of service
• Disability coverage pays 60 of the
  pre-disability salary with a minimum of 1,500
  monthly and a maximum, of 5,000 monthly before
  offsets
• Begins 1st of month following six consecutive
  months of total disability
• Benefits continue to age 65
• If you are a member of TIAA, TRS, ERS or BOERS
  Contributions to a TIAA GRA account equal to 10
  of your pre-disability salary (Minimum of 100
  monthly)

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TERM LIFE INSURANCE(must purchase)

• Provided through the New York State United
  Teachers (NYSUT) Trust term life insurance plan
• Effective 9/1/05, new Full-time employees receive
  free for one year a 25,000 term life insurance
  policy with option to renew after one year.
  Option not available to prior NYSUT members
• Spouses or domestic partners can be covered
• Employees under age 65 may apply for additional
  coverage up to 1,000,000. Physical exam may be
  required
• Policy is portable

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LONG TERM CARE INSURANCE PROGRAMS

• Provides benefits when you are unable to care for
  yourself because of chronic illness, severe
  physical impairment, or disease that lasts a long
  time. Dependents can also be covered
• Eligibility - Full-time member or a retired
  member of the Instructional Staff

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LONG TERM CARE INSURANCE PROGRAMS cont..

• CNA Group Long Term Care Insurance Program
  (offered by the City of New York) - payroll
  deduction
• John Hancock Mutual Life Insurance (offered by
  the PSC-CUNY Welfare Fund) - payroll deduction
• New York State United Teachers Long Term Care
  Program (offered by the PSC-CUNY Welfare Fund) -
  payroll deduction

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PICA
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WHAT IS PICA?

• PICA is a prescription drug program made
  available through the joint effort of the City of
  New York Office of Labor Relations and the
  Municipal Labor Committee
• PICA covers all employees, non-medicare retirees
  and their dependents enrolled in a health plan
  offered by the City Health Benefits Program

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PICA PROGRAM

• PICA covers medication in two specific drug
  categories
• Injectable - most medications normally
  administered by injections (not in the doctors
  office
• Chemotherapy - medications used to treat cancer

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PICA DRUG COST

• The co-pay for the PICA drugs bought at the
• Retail Pharmacy (up to a 30 day supply) are
• 10 for generic medications
• 25 for preferred brand name (formulary)
  medications
• 45 for non-preferred brand name (non-formulary)
  medications
• Mail Order Pharmacy (up to a 90 day supply)
  required after second re fill
• 20 for generic medications
• 50 for preferred brand name (formulary)
  medications
• 90 for non-preferred brand name (non-formulary)
  medications
• Effective January 1, 2006, 100 per person annual
  deductible

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PICA

• In general, PICA drugs are not covered by a
  health plans optional prescription drug rider or
  the welfare fund. Use your prescription drug
  card for medication not covered by PICA
• To access PICA benefits you must use your
  prescription drug card issued by NPA, a Division
  of Express Scripts

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FLEXIBLE SPENDING ACCOUNTS PROGRAM
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FLEXIBLE SPENDING ACCOUNTSWhat are the Flexible
Spending Accounts Programs?

• Pays for necessary out-of-pocket medical expenses
  not covered by insurance
• Pre-tax dollars from 260 to a maximum of 5,000
• Use it or Lose it by calendar year end
• Reduces your gross income for Federal, Social
  Security and Medicare tax purposes

69
FLEXIBLE SPENDING ACCOUNTS Types of Flexible
Spending Accounts

• Health Care Flexible Spending Account helps to
  pay for unreimbursed out-of-pocket medical
  expenses while reducing your taxable income. 48
  yearly administrative fee taken out monthly
• Dependent Care Assistance Program (DeCap) helps
  to pay for expenses to care for your child or
  other eligible dependents (while you and your
  spouse work) while reducing your taxable income.
  48 yearly administrative fee taken out monthly

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FLEXIBLE SPENDING ACCOUNTS Types of Flexible
Spending Accounts cont

• Medical Spending Conversion (MSC) Premium
  Conversion program (automatic) pays for health
  premium deduction on a before tax basis, thereby
  reducing the gross income tax
• Medical Spending Conversion (MSC) - Health
  Benefits Buy-out Waiver program enables
  eligible employees who have non-city group health
  benefits to waive city health benefits in return
  for an annual cash incentive (500 for individual
  and 1,000 for family coverage) post-tax payment.
  Must provide proof of coverage under another
  group health plan. No person can be covered by
  two City heath contracts at the same time.

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FLEXIBLE SPENDING ACCOUNTSQualifying Events (QE)

• Changes in family status or employment are
  considered triggering events which allow you to
  make certain changes to your health benefits.
  Examples of qualifying events are
• Mid-year changes due to change in family status,
  marriage, birth of child
• Change in employment status
• Attainment of the maximum age for coverage of a
  dependent child
• Significant change in spouses coverage which is
  outside of spouses control
• 30 days to submit documentation and will go
  retroactive to date of the event

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LEAVES..

• The University provides holidays, unscheduled
  holidays and a variety of other leaves such as
  vacation, leave for child care, fellowship leave,
  etc. Please contact your Human Resources office
  for further details.

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CUNY FAMILY AND MEDICAL LEAVE (FML)

• CUNY Family and Medical Leave (FML) entitles
  eligible employees to take up to 12 weeks of
  unpaid, job protected leave for family (including
  Domestic Partners) and medical care during the
  designated FML year, September 1st through August
  31st. Employee must have worked for 12 months
  1,250 hours
• Employees pay their share of the premiums through
  direct pay. The employer share is paid by CUNY

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JURY DUTY

• Employees who are required to serve on a jury
  receive their regular salary during any absences
  provided that they remit to the University an
  amount equal to the compensation received by
  them, if any, for jury duty

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SLOAC

• Special Leave of Absence Coverage (SLOAC)
  provides up to four months of additional health
  coverage if you have exhausted all accumulated
  leave balances including sick leave, annual leave
  and compensatory time. For employees own illness
• Employees pay their share of the premiums through
  direct pay. The employer share is paid by CUNY

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TEMPORARY DISABILITY (Sick Leave)

• Each year you earn 20 calendar days of temporary
  disability leave
• The unused portions of temporary disability leave
  can be accumulated to a maximum of one hundred
  and sixty (160) calendar days

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MILITARY LEAVE

• New York State Military Law Section 242 provides
  for paid military leave for 30 calendar days or
  22 work days, which ever is greater, in any
  calendar year or in any continuous leave of
  absence which spans more than one calendar year.
  You may be also be eligible for supplemental
  military leave and reduced pay

78
OTHER BENEFITS
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COBRA

• Employees, retirees and family members are
  offered the opportunity to continue group health
  and/or welfare fund coverage in certain instances
  where coverage would otherwise terminate
• Monthly premium is 102 of group rate
• Maximum period of coverage is 18, 29, or 36
  months depending on the reason for continuation

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COLLEGE SAVINGS PLAN (529)

• College Savings tax deductible Plan presently
  administered through Upromise Investments Inc.
  Parents, grandparents, relatives or friends can
  set up a tuition savings account for a future
  college student through payroll deductions. This
  program allows you to save for higher education
  expenses. New York State tax payers can save
  5,000 per year per person married couples
  filing jointly can save 10,000. Contact 1 877
  NYSAVES. There is a management fee of 0.58 of
  your accounts

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CUNY eMALL

• Visit the CUNY eMall for a variety of discounts
  and offering of products and services for CUNY
  employees and students. To access the web site
  you must first obtain a CUNY portal id by logging
  on to www.cuny.edu, then log on to
  www.portal.cuny.edu, then click on the CUNY eMall

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FEDERAL CREDIT UNIONS

• Employees are eligible to participate in the
  PSC-CUNY Federal Credit Union the Municipal
  Federal Credit Union. Services include share
  savings plans, individual retirement accounts
  (IRA) and term share certificates with various
  maturities, loans, credit cards

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HIPPA

• Certificate of Group health plan coverage issued
  to employee upon termination to certify coverage
  that will be credited against any pre-existing
  exclusion period under a new health plan

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SAVINGS BONDS

• U.S. Savings Bonds are a safe easy way to save
  money and a way to increase your retirement
  investment portfolio through payroll deductions.

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TRANSITBENEFIT

• TransitBenefit Transportation Spending Account
  (TSA) is a voluntary benefit for eligible
  employees interested in saving on their New York
  City Transit subway and bus costs. Depending on
  your particular tax situation and your NYCT
  commuting expenses, you could save more than 200
  annually if you commute by subway or local bus,
  more than 300 if you commute by express bus.
  For more details please visit www.cuny.edu/transit
  benefit

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TUITION WAIVERS

• Tuition may be waived for undergraduate
  graduate courses at any college of the City
  University on a space available no cost basis. No
  waivers are available in the summer session.
• The number of undergraduate credits for which
  tuition may be waived is unlimited. You must be
  on staff for one year.
• The number of graduate credits for which tuition
  may be waived per semester is six. There is no
  service requirement for the graduate tuition
  waiver.

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WORKERS COMPENSATION

• You are covered for workers compensation
  benefits if you suffer a job-related injury or
  illness

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RETIREMENT
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TRAVIA (Paid Sick Leave Upon Retirement)

• Members of a public retirement system (TRS, ERS
  or BOERS) must meet the eligibility requirements
  for a service retirement and must declare their
  bonafide intention to retire, file an application
  for retirement with their retirement system
• ORP members are eligible for Travia if they
  declare their bonafide intention to retire, file
  an application for retirement with TIAA/CREF and
  are
• Tier 1 - age 55 or possess 20 years of service
  Tier 2 - age 55 or possess 20 years of service
  Tier 3/4 - age 55 and possess 5 years of service
• Retirees are granted a retirement leave of
  absence with full pay consisting of a maximum of
  five (5) months of pay if they have accrued 160
  days. Those who have fewer than 160 sick days
  will receive one-half of their accumulated unused
  sick days

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ELIGIBILITY FOR RETIREE HEALTH BENEFITS

• ERS/TRS members who retire with immediate
  payability are eligible for benefits
• Tier 1 ERS members who retire with deferred
  payability can retain benefits for 5 years while
  in such status. If the deferment lasts longer
  than 5 years, benefits will be suspended until
  the retiree begins receiving retirement income
  from ERS
• TRS members who retire with deferred payability
  retain the right to retiree health coverage upon
  receiving retirement income from TRS
• Retirees pay their share of the premiums through
  pension deductions. The employer share is paid
  by CUNY

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ELIGIBILITY FOR RETIREE HEALTH BENEFITS cont

• TIAA-CREF members
• Instructional Staff members initially appointed
  to a full-time
• position
• a. On or before June 30, 1976
• 1.Separated at age 55 or over, with at least 10
  years of pensionable, continuous, full-time CUNY
  service, or
• 2.Separated prior to 55, with at least 15 years
  of pensionable, continuous full-time CUNY
  service and attained the age of 55.

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ELIGIBILITY FOR RETIREE HEALTH BENEFITS cont

• b. Appointed between July 1, 1976 and August 31,
  1985
• Separated with at least 15 years of pensionable,
  continuous, full-time CUNY service and attained
  the age of 62, or
• Separated with at least 10 years of pensionable,
  continuous, full-time CUNY service, and no
  subsequent full-time employment in a college,
  university, or other institution of
  post-secondary education related to the duties
  performed while in active service in CUNY or to
  duties normally performed by the Instructional
  Staff at CUNY and attained the age of 62.

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ELIGIBILITY FOR RETIREE HEALTH BENEFITS cont

• c. Appointed on or after September 1, 1985
• Separated at age 62 or over with 15 years of
  pensionable, continuous, full-time CUNY service,
  or
• Separated prior to age 62, with 15 years of
  pensionable, continuous, full-time CUNY service
  and no subsequent full-time employment in a
  college, university, or other institution of post
  secondary education related to the duties
  performed while in active service in CUNY or to
  duties normally performed by the Instructional
  Staff at CUNY and attained the age of 62.

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CHECK LIST OF FORMS TO BE RETURNED

• Pension Applications
• Retirement Program Election
• PSC-CUNY Welfare Fund Data
• Health Benefits Application (ERB)
• Flexible Spending Account
• Buy-Out-Waiver
• Death Benefit Beneficiary Designation Card

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MAKING A DECISION

• Your responsibility is to determine which plans
  are best for you and your family. The College
  may not make health benefits or pension elections
  on your behalf.
• Take the time to review your options carefully.
  It is important for you to play an active role in
  understanding your benefits and how they work.
  We encourage you to weigh all factors before
  making a decision.