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RETIREMENT BENEFITS. Human Resources - Employee Benefits Spring 2000. Payroll. OVERVIEW . Medical benefits. Notifying the retirement system. Vision and dental. Medicare. Eligibility for health insurance. Death benefit for retired state employees. Vesting. Cost. Returning to work.

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Retirement benefits

RETIREMENTBENEFITS

Human Resources - Employee Benefits

Spring 2000


Overview

Payroll

OVERVIEW

  • Medical benefits

  • Notifying the retirement system

  • Vision and dental

  • Medicare

  • Eligibility for health insurance

  • Death benefit for retired state employees

  • Vesting

  • Cost

  • Returning to work

  • Deferring coverage


Payroll

  • Retirement system

  • Final paycheck

  • Health insurance

PAYROLL


Payroll1

Date of last paycheck

PAYROLL

  • 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

NOTIFYING THE RETIREMENT SYSTEM

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

  • ERS 518-474-7736

  • TRS 518-447-2666


Notifying the retirement system1

TIAA - CREF Systems

NOTIFYING THE RETIREMENT SYSTEM

  • Can begin benefits any timeafter retirement

  • Contact TIAA for retirementapplication package1 800 842 2733


Health insurance rx am i eligible

Minimum service period Systems

HEALTH INSURANCE / RXAM I ELIGIBLE?

  • 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 Systems

VESTING

  • Pay full share cost

  • Loss of unused sick leave credit


Retirement benefits

Your share Systems

  • Sick leave credit

  • Dual annuitant

  • Payments

COST


Cost 2000 monthly rates

Your share Systems

COST2000 Monthly Rates

Individual

Family

Empire Plan

$24.84

$100.83


Retirement benefits

Your share Systems

COST

  • Sick leave credit

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

  • Dual annuitant

  • Payments


Dependent survivors

Notify Department of Civil Service and retirement system Systems

DEPENDENT SURVIVORS

  • 3 months extended coverage period

  • Option to continue coverage available

  • When survivor coverage ends


Deferring coverage

Indefinite Systems

DEFERRING COVERAGE

  • Sick Leave Credit increases

  • Elect prior to retirement


Medical rx benefits

Coverage continues automatically Systems

  • Empire Plan benefits administered by Civil Service

    • Employee Benefits Division

    • 1-800-833-4344

MEDICAL / RX BENEFITS

  • Will continue to receive Empire Plan Reports/updates


Retirement benefits

MEDICAL / SURGICAL BENEFITS Systems

United HealthCare (MetLife)

1-800-942-4640

HOSPITAL BENEFITS

Blue Cross / United HealthCare

1-800-342-9815

Non-Participating Provider:

  • Annual Deductible

  • Submit Claims to UHC

  • 80% of Covered Expenses

  • (reasonable & customary)

Participating Provider:

  • Copays

  • Metropolitan Pays Doctor Directly

Hospital Inpatient / Outpatient Care

Skilled Nursing Facility

Hospice

MANAGED CARE

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


Hmo s

Benefits administered by individual HMO’s Systems

HMO’s

  • Hospital, medical, surgical and prescription coverage

  • All services provided or arranged by a primary care physician


Hmo s1

Emergency coverage worldwide Systems

HMO’s

  • NYSHIP HMO’s now in Floridaand Pennsylvania

  • HMO reports


Vision and dental

Options : Systems

VISION and DENTAL

  • Benefits expire

  • COBRA

  • GHI Spectrum Plus

  • UUP Vision / Dental Plans

  • CSEA Dental Plan


Medicare

What is it? Systems

MEDICARE

  • Do I have to have it?

  • How to enroll

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

  • Medicare reimbursement

  • Expenses outside the US

  • Medicare crossover


Survivor s benefit program

$3,000 death benefit Systems

SURVIVOR’S BENEFIT PROGRAM

  • TIAA-CREF members must annuitize within 90 days

  • Complete Death Benefit form


Returning to work

Returning to SUNY : $17,000 in 2000 Systems

RETURNING TO WORK

  • Social Security earnings limits

  • Under 65 $ 10,080 (2000)

  • Age 65 + no limit


Things to consider

Letter of retirement Systems

THINGS TO CONSIDER

  • CU membership may be continued

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


Information from web sites

General retirement information/updates Systems

ERS

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

-- includes deferred compensation information --

TRS

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

TIAA-CREF

http://www.tiaa-cref.org

INFORMATION from Web Sites


Contacts

Deborah Roe Systems

(716) 395-2126

CONTACTS

Benefits

  • Connie Davis

  • (716) 395-5135

Payroll