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
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