RETIREMENT BENEFITS Human Resources - Employee Benefits Spring 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 TRS

NOTIFYING THE RETIREMENT SYSTEM TIAA - CREF Can begin benefits any time after retirement Contact TIAA for retirement application package

HEALTH INSURANCE / RX AM 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

COST 2000 Monthly Rates Your share Empire Plan Empire Plan Individual Individual Family Family $24.84 $24.84 $ $100.83

COST Your share Sick leave credit Dual annuitant Payments

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 – Will continue to receive Empire Plan Reports/updates

EMPIRE PLAN HEALTHCALL (Benefits Management Program) u- Before Maternity or Scheduled Admissions u- Within 48 Hours of Emergency Admission u- Before Having Certain Procedures HOSPITAL BENEFITS Blue Cross / United HealthCare Hospital Inpatient / Outpatient Care Skilled Nursing Facility Hospice MEDICAL / SURGICAL BENEFITS United HealthCare (MetLife) Participating Provider: âCopays âMetropolitan Pays Doctor Directly Non-Participating Provider: âAnnual Deductible âSubmit Claims to UHC â80% of Covered Expenses (reasonable & customary) MANAGED CARE MANAGED PHYSICAL MEDICINE (MPN) Chiropractic Treatment and Physical Therapy VALUEOPTIONS Mental Health and Substance Abuse Treatment HOMECARE ADVOCACY PROGRAM (HCAP) 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 Florida and 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 ( ) 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 -- includes deferred compensation information --

CONTACTS Deborah Roe (716) Connie Davis (716)