RETIREMENT BENEFITS

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RETIREMENTBENEFITS
Human Resources - Employee Benefits Spring 2000
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OVERVIEW

• Payroll

• Medical benefits

• Vision and dental

• Notifying the retirement system

• Medicare

• Eligibility for health insurance

• Death benefit for retired state employees

• Vesting

• Cost

• Returning to work

• Deferring coverage

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PAYROLL
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PAYROLL

• Date of last paycheck

• 5-day salary withholding (CSEA, M/C, PEF)
• Vacation/balance of contract

• Notify of any address changes

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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

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NOTIFYING THE RETIREMENT SYSTEM

• TIAA - CREF

• Can begin benefits any timeafter retirement

• Contact TIAA for retirementapplication package1
  800 842 2733

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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

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VESTING

• Must meet service but not age requirement

• Pay full share cost

• Loss of unused sick leave credit

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COST

• Your share

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COST2000 Monthly Rates

• Your share

Individual
Family
Empire Plan
24.84
100.83






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COST

• Your share

• Sick leave credit

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

• Dual annuitant

• Payments

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DEPENDENT SURVIVORS

• Notify Department of Civil Service and retirement
  system

• 3 months extended coverage period

• Option to continue coverage available

• When survivor coverage ends

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DEFERRING COVERAGE

• Indefinite

• Sick Leave Credit increases

• Elect prior to retirement

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MEDICAL / RX BENEFITS

• Coverage continues automatically

• Will continue to receive Empire Plan
  Reports/updates

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EMPIRE PLAN
HEALTHCALL (Benefits Management Program)
1-800-992-1213

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

MANAGED PHYSICAL MEDICINE (MPN)
1-800-942-4640 Chiropractic Treatment and
Physical Therapy
VALUEOPTIONS 1-800-446-3995 Mental Health and
Substance Abuse Treatment
HOMECARE ADVOCACY PROGRAM (HCAP)
1-800-638-9918 Home Care Services and/or Durable
Medical Equipment/Supplies
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HMOs

• Benefits administered by individual HMOs

• Hospital, medical, surgical and prescription
  coverage

• All services provided or arranged by a primary
  care physician

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HMOs

• Emergency coverage worldwide

• NYSHIP HMOs now in Floridaand Pennsylvania

• HMO reports

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VISION and DENTAL

• Benefits expire

• Options

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

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MEDICARE

• What is it?

• Do I have to have it?

• How to enroll

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

• Medicare reimbursement

• Expenses outside the US

• Medicare crossover

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SURVIVORS BENEFIT PROGRAM

• 3,000 death benefit

• TIAA-CREF members must annuitize within 90 days

• Complete Death Benefit form

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RETURNING TO WORK

• Returning to SUNY 17,000 in 2000

• Social Security earnings limits

• Under 65 10,080 (2000)
• Age 65 no limit

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THINGS TO CONSIDER

• Letter of retirement

• CU membership may be continued

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

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INFORMATION from Web Sites

• General retirement information/updates

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CONTACTS

• Deborah Roe
• [phone]

Benefits

• Connie Davis
• [phone]

Payroll