Retiree Health

In the March 10, 2009 issue of HR News, we announced that a review of the current retiree health plan would be conducted and that we hoped to announce a new retiree health plan in September 2010, to be effective on January 1, 2011. On October 26, 2010 we announced that the retiree health plan would be suspended as of December 31, 2010 and that final recommendations to the Board would be made in February. However, the review took longer than expected and it was not until May 2011 that we announced significant changes to the fee structure of the plan, and that the changes were retroactive to January 1, 2011.

Since the announcement, some faculty and staff have expressed concern that communications around potential changes to the retiree health plan were insufficient to allow individuals to make an informed decision as to whether they should retire under the then current plan. We have heard this concern and agree that communications were not timely and detailed enough to make an informed decision.

In response to these concerns, we are offering a one-time opportunity for eligible faculty and staff to retire under the old retiree health plan. (Under the old plan faculty and staff could retire at age 55 with 10 or more years of service; under the new plan you must be 60 with 15 or more years of service. The University covers 70% of the cost of the premium for the retiree and their dependents under the old plan; under the new plan the University pays 70% of the premium for the retiree and 30% for dependents.) In order to retire under this program, you must meet the eligibility requirements listed below, agree to retire no later than June 30, 2012, and complete the application process by the stated deadlines.

Important notes: anyone who does not meet the eligibility requirements cannot retire under this program. No exceptions will be considered. Also note that the University reserves the right to change the plan design (i.e. co-pays, deductibles, etc.) in the future.

Eligibility:

  • 55 years of age or older; and
  • 10 or more years of service
  • as of December 31, 2010

Process:

  • Notify your direct supervisor of your planned retirement date
  • Complete the Application on the HR Intranet website under “General Information ” and submit the form to Human Resources no later than January 31, 2012

Questions? Contact Deborah Raikes-Colbert at draikesc@drew.edu or extension 3515.

2012 Holiday Schedule

The President has approved the holiday schedule for 2012, which includes additional time off during the Christmas holidays. Please join me in thanking President Weisbuch for this wonderful gift of time! The schedule is located on the HR Intranet website under “General Information”.

Payroll Deadlines

To ensure that monthly paid faculty and staff are paid correctly, all paperwork, including stipends and new hire benefit enrollment forms, must be received in HR or Payroll no later than the dates shown below:

November 18 for the November 30 paycheck

December 9 for the December 22 paycheck

Important Reminders

Floating Holidays. Don’t forget to use Float Holidays before the end of December! Unused Floating Holiday hours do not carry over to 2012 –all unused floating hours will be lost.

Sexual Harassment and Employment Discrimination Training is mandatory for all full and part-time faculty, including adjuncts, and staff. Designed to help us understand, respond to and prevent employment discrimination and sexual harassment in the workplace, the online training takes less than one hour and can be taken anywhere you have access to a computer. If you have not already done so, please fulfill your responsibility by going to: http://training.newmedialearning.com/phs/drewu to take the sexual harassment training and http://training.newmedialearning.com/ped/drewu for employment discrimination training. If you are not certain whether you have taken the training, call Fredi Cox at 3795.

The Campus Conduct Hotline is available 24/7 and makes it possible for you to report concerns about possible violations of Drew’s policies on a completely confidential and anonymous basis. For more information about the Hotline and/or the Whistleblower’s Policy, go to “Information for Employees” on the HR Intranet website.

Calendar of Events

New Staff Orientation:

Monday, Dec 5 9:00 am – 11:30 am Madison House, Room 104

Thanksgiving Holiday

½ Day Wednesday, November 23

Closed Thursday and Friday, November 24-25

TIAA-CREF Individual Counseling Sessions (by appointment only*)

Tuesday, Nov 29 9:00 am – 5:00 pm Commons, Room 207

*To schedule an appointment with TIAA-CREF please call 1-800-732-8353

 

Posted in HR News