Transcript Human Resources Department - LaGuardia Community College

Presented by the Department of
Human Resources
Employee Benefits
TOPICS
Health Insurance
Pension
Commuter Benefits Program
WageWorks
PSC-CUNY Welfare Fund
Time & Leave
Additional Benefits
Health Insurance
TYPES OF COVERAGE
PROVIDERS
DESCRIPTION
Health Maintenance
Organization (HMO)
HIP, Aetna
HMO, CIGNA,
Empire
•Personal Care Physician (PCP)
•Need referrals
•Little or no out of pocket expense
Exclusive Provider Organization
(EPO)
Empire
•Must stay in network only
•No referrals
•No Primary Care Physician (PCP)
•Higher Bi-weekly premiums
Point of Service (POS)
HIP Prime POS
•In/out of network flexibility
•Deductibles
•Higher Bi-weekly premiums
Preferred Provider Organization
(PPO)
GHICBP/EBCBS
•In/out of network flexibility
•Freedom to choose
•Deductibles for out of network
•Negotiated lower payments
Health Insurance (cont’d)
 The Summary Program Description
Manual describes City of New York
health benefits program in detail.
www.nyc.gov/olr
 Open Enrollment Period this year is
scheduled for:
- Fall 2012 (TBD)
Pension – Irrevocable Choice
NYC Teacher’s Retirement
System (Tier VI)
Optional Retirement Program
TIAA –CREF (Tier VI)
Defined Benefit Plan: Benefits
based on age, average of
highest five years consecutive
salary and years of
employment
Defined Contribution Plan: Benefits are
based on the amounts contributed by the
employer and employee and the success of
the employee’s choice of investments
Vesting: 10 years of full-time
credited service
Vesting: After 366 days of continuous fulltime employment (immediately if the
employee has prior vested TIAA-CREF
retirement contract.)
Contribution: 3% until 4/1/13;
then contribution rate
depends on salary.
Contribution: Employee Contribution 3%
until 4/1/13; then contribution rate
depends on salary, Employer contributes
8% for the first 7 years and 10% thereafter.
Retirement Age: 63 with
unreduced retiree health
benefits.
No retirement age, however needs 15 years
of continuous F/T service and be age 62 for
unreduced retiree health benefits.
TYPE OF
COVERAGE
TITLES
PROVIDER
WHO IS COVERED
403(b)
Supplemental
Retirement Annuity
(SRA)
TIAA-CREF
HRC
Faculty
HEO Series
Classified Managerial
457(b)
Deferred Compensation
Plan
NY State Deferred
Compensation Board
All employees
401 (k)
City of New York 401 (k)
Retirement Plan
City of New York
Community College
Employees only.
PSC-CUNY Welfare Fund
Basic Benefits
 Prescription Drugs – MEDCO (PICA through OLR)
 Dental
 Optical
 Death Benefit
 Long Term Disability (After completing 1 yr of service)
 Hearing Aid Benefit
 Term Life Insurance (One year free for new NYSUT
members)
 Extended Medical Benefit (For GHI members only)
Benefits effective the First of the Month
PSC-CUNY Welfare Fund
Optional Benefits
 Enhanced Long Term Disability
 Catastrophic Major Medical
 Term Life Insurance - NYSUT
For further information visit the website,
www.psccunywf.org or call 212-354-5230
LEAVES
TYPE OF LEAVES
• Family Medical Leave (FML)
• Paid Parental Leave (PPL)
• Scheduled Holidays
• Unscheduled Holidays
• Annual Leave
• Temporary Disability (sick)
• Jury Duty
Other Leaves
 Special Leave for Child Care (Unpaid)
 Presidential Leave for Personal
Emergencies (up to 10 days)
 Dedicated Sick leave (DSL)
COMMUTER BENEFIT PLAN
WAGEWORKS
• Benefit for all employees
• Defer transportation cost into
pre-tax account (tax deferred up to $125 per month)
• Only 2 Bi-weekly payroll deductions allowed per
month and monthly Admin Fee($1.77 - $3.05)
• Used on MTA Subway and Buses, LIRR, Metro North,
NJ Transit
• Park-n-Ride option available
Other Benefits
TYPE OF BENEFIT
DEFINITION
NY 529 College Savings Program
Provides flexible and convenient low-cost ways
to save for college – save for children/
grandchildren education
CUNY Tuition Fee Waiver
Employees can attend any CUNY Colleges
Graduate & Undergraduate courses during Fall
and Spring session. No summer courses
Workers’ Compensation
Employees who suffer a job-related injury or
illness
Employee Assistance Programs:
• CUNY Work/Life Program
Open to all teaching faculty, HEO Series
and Classified Managerial staff
Pre-Tax Benefits Programs
Application within 30 days of appointment or during Fall enrollment period
TYPE OF COVERAGE
WHAT IS COVERED
Health Care Flexible
Spending Accounts (HCFSA)
• Reduces taxable income
• Can be used to pay for medical expenses
such as:
- Co-payments
- Dental
- Prescription
• “Use it or lose it” Rule applies
Dependent Care Assistance
Program (DeCAP)
• Reduces taxable income
• Reimbursement after filing income
taxes
• Pays for nursery schools/certified
child care
• “Use it or lose it” Rule applies
Pre-tax Benefits Programs Continued
TYPE OF COVERAGE
Medical Spending
Conversion(MSC)
WHAT IS COVERED
• Allows City Employees to receive annual
incentive payment in exchange for waiving
City health benefits when other non-City
group coverage is available to them
• Employees receive $500 for waiving
individual coverage and $1000 for waiving
group coverage.
•Paid semi-annually
Questions & Answers
 Contact Information:
 Nila Bhaumik, Deputy Director, Human Resources,
[email protected], Phone (718)482-5082
 Andrea Cambridge, Benefits Coordinator, Human
Resources, [email protected], Phone
(718)482-5086
 Nicole Paige, Benefits Assistant, Human Resources,
[email protected], Phone (718)482-5075