HR Insider — Special Benefits Edition — Spring 2017 — Click to Read Online
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Spring 2017 — HR Insider — Special Benefits Edition

Click to read online for the best experience

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In This Issue

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About our Benefits

This special edition alerts you to benefit information, upcoming trainings, important reminders, and notices about CalPERS.

Being a CSU employee gives you access to some phenomenal benefits and perks! Why do so many people apply for jobs on campus? They understand the value of our benefits and how difficult it is to pay out of pocket for those same benefits. The CSU offers its employees a wide range of health and life benefits. To make sure you understand the value of your benefits, our campus has developed a new tool called MyPay. This tool that can help you calculate your total compensation.

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Introducing MyPay.csuchico.edu

We are very excited to introduce MyPay.csuchico.edu, a brand-new tool that calculates your total compensation by fiscal year. MyPay.csuchico.edu calculates your fiscal year-to-date pay, CalPERS retirement (employer contribution), combined benefits (employer contribution), and employer portion of taxes to provide a compensation total.

MyPay is available to active State employees in salaried positions. It's important to note that this tool calculates only a portion of your benefits. Not included in the total compensation figure is the value of your paid leave options—vacation, sick, holiday, bereavement pay, jury duty, etc. Go online, log in, and find out your total compensation today!

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Understanding Our Benefits Series

Let’s talk about savings! Approximately one quarter of a person’s life can be spent in retirement and experts advise saving roughly 10-15% of your income for retirement. Learn more about our phenomenal employee tools and begin saving early! To help you learn more, we’ve asked the experts to come to campus and share information directly with you.

CalPERS Retirement Basics

This session provides employees an overview of the CalPERS retirement process, highlights retirement planning steps, and gives you tools to estimate your future income after retirement.

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Savings Plus

A Savings Plus Representative will be on campus to provide one-on-one consultations for faculty and staff to assist with questions, enrollment, or account review in the voluntary State of California employee 401k & 457-retirement plans through California Department of Human Resources.

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CSU 403(b) Plan

Fidelity Investments will be on campus to provide one-on-one consultations for faculty and staff to assist with any questions or enrollment in the voluntary CSU 403(b) retirement plan through Fidelity Investments.

Learn More

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CalPERS Special Power of Attorney

What is a CalPERS Special Power of Attorney and why is it important?

A CalPERS Special Power of Attorney allows you to designate one or more representatives, known as your attorney-in-fact, to conduct your retirement affairs. Having a CalPERS Special Power of Attorney on file ensures that your attorney-in-fact will be able to conduct business with CalPERS such as address changes, tax withholding elections, lost or stolen retirement checks, or retirement benefit elections should you become unable to act on your own behalf.

If you become unable to handle your affairs before completing a Special Power of Attorney, CalPERS may find it necessary to withhold your retirement allowance until a court appoints a conservator to handle your affairs. Since appointing a conservator can be both expensive and time-consuming, you may wish to safeguard against this possibility by completing the CalPERS Special Power of Attorney form.

I already have a durable power of attorney, why do I need a CalPERS Special Power of Attorney?

The CalPERS special power of attorney is specifically designed for CalPERS retirement issues and only authorizes your attorney-in-fact to handle your CalPERS retirement affairs. A special power of attorney for health care cannot be accepted for retirement issues.

More information regarding the CalPERS Special Power of Attorney can be found in its publication A Guide to the CalPERS Special Power of Attorney or by visiting the CalPERS website.

CalPERS Military Service Credit

Are you a current CalPERS member who has served in the military prior to CalPERS membership?

If so, you may be able to purchase additional CalPERS Service Credit for your active duty service with the United States armed forces. A helpful eligibility flow chart is available on page 16 of the CalPERS Publication.

More information regarding the purchase of service credit can be found at: CalPERS Service Credit webpage.

CalPERS Retirement Compensation Limits

Pursuant to Assembly Bill (AB) 340, also known as the “Public Employees’ Pension Reform Act of 2013” (PEPRA), employees deemed new members by CalPERS hired at the CSU on or after January 1, 2013, are subject to a reduced retirement compensation limit. For calendar year 2017, the CalPERS retirement limit is $118,775 for PEPRA employees subject to Social Security and $142,530 for PEPRA employees who are not subject to Social Security (e.g., Public Safety).

The compensation limit for classic CalPERS members (those hired prior to January 1, 2013) for the 2017 calendar year is $270,000.

If the limit is met, the State Controller’s Office refunds the excess retirement contributions manually each month through the remainder of the 2017 reporting period. The refund payments are not included in the employee’s master payroll warrant, but are instead issued as a separate warrant. The refund payments will be generated the first week of the following month in which the affected employee has reached the limit. Retirement contributions would resume upon commencement of the 2018 reporting period.

Communications regarding these limits will be sent to the affected employees later this year.

Please contact the Benefits Department at benefits@csuchico.edu or (530) 898-5436 with any questions.

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Qualifying Events and Making Changes to your Benefits

When can I add or delete dependents from my health benefits?

This can be done when there has been a “qualifying event” or during our annual Open Enrollment offered in Fall. There are several “qualifying events” that allow additions or deletions of dependents. These include a new marriage or registered domestic partnership, divorce, birth of a child and/or adoption or placement of a child. A Benefits Worksheet and supplemental documentation must be submitted within 60 days of these events.

I had a baby, how do I add my new child to my health plan?

Congratulations! You may add your newborn to your health plan within 60 days of the child’s birth. Submit a Benefits Worksheet along with a copy of the birth certificate to Kendall Hall, Room 220. Coverage is effective from the date of birth.

Have you lost your other health insurance?

If you initially declined your health enrollment because you had other health coverage at that time, you are able to enroll in a CSU health plan if the other coverage ends. Submit a Benefits Worksheet and proof that the other coverage has ended within the last 60 days. You can also add eligible dependents who recently lost their other health coverage.

Did you forget to enroll in health benefits or to add a new dependent? Is it past 60 days from the qualifying event?

If so, don’t despair—this would be considered a “Late Enrollment.” Submit a Benefits Worksheet and any supplemental documents to add dependents as soon as possible. You will have a 90-day wait period, benefits will begin the first of the month following the end of the 90-day wait period.

If you have any questions about enrolling or adding and deleting dependents please contact the Benefits Office at benefits@csuchico.edu.

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Health Plan Dependent Verification Requirements —
Changes Coming Soon!

In 2013, new regulations were created requiring that all State employees verify health eligibility for covered dependents every three years beginning in 2018. All employers of the State, which includes California State University, must adhere to these regulations and CalPERS will be requesting information from affected employees to verify the continued eligibility of existing health covered dependents in the plan.

CalPERS will begin sending notifications to the affected employees on a quarterly basis, based on the employee’s date of birth. These notifications will begin in late 2017 and more information will follow. The text of the applicable regulation is indicated below:

CA Govt Code22343.1.1.

  1. Pursuant to standards established by the Department of Human Resources, the employing office of a state employee or state annuitant shall possess documentation verifying eligibility of an employee(s) or annuitant(s) family member prior to the enrollment of a family member in a health benefit plan. The employing office shall maintain the verifying documentation in the employee or annuitant s official personnel or member file.
  2. The employing office of the state employee or state annuitant shall obtain verifying documentation to substantiate the continued eligibility of family members as follows:
    1. At least once every three years for the following family members:
      1. Spouses
      2. Domestic partners
      3. Children and stepchildren
      4. Domestic partner children

Please contact the Benefits Department at benefits@csuchico.edu or (530) 898-5436 should you have any questions.

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Value Time to Recharge

CSU, Chico employees value the time we get to recharge with paid time off. We receive 13 paid holidays and 1 personal holiday (some of which are included in an annual winter recess at the end of the calendar year) and can earn up to 24 vacation days per year (based on employee group and/or service). Use this time to take a break, do something you enjoy, and come back to work refreshed.

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The Benefits office is here for you!

Lori Adrian

Lori Adrian

Lynn Taylor

Lynn Taylor

Our Benefits staff is here to help you find answers to your questions. Call or email us with your questions or to schedule an appointment. Lori Adrian and Lynn Taylor can be reached at:

Phone: 530-898-5436
Email: benefits@csuchico.edu
More information available on Benefits website.

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HR Insider for Spring 2017

Did you miss our Spring 2017 edition of the HR Insider? Find articles on:

Human Resources Service Center