News from human resources
2012 Option Transfer Period
We have received notice that the health insurance rates for 2012 have been established. The deadline for changing health insurance options is Thursday December 30, 2011.
To change your health insurance option for 2012, you must complete a NYS Health Insurance Transaction Form. These forms are available in human resources on the ground floor of Kunsela Hall. The health insurance options available in our area are The Empire Plan, HMO Blue, MVP Health Care (Mohawk Valley Physicians), and CDPHP (Capital District Physicians’ Health Plan).
If you have any questions regarding the health insurance option transfer, please contact Melissa Newman in human resources.
Individual (salary equated to Grade 9 or below) $ 32.93
Individual (salary equated to Grade 10 or above) 43.90
Family (salary equated to Grade 9 or below) 132.48
Family (salary equated to Grade 10 or above) 158.19
Individual (salary equated to Grade 9 or below) $ 44.71
Individual (salary equated to Grade 10 or above) 59.47
Family (salary equated to Grade 9 or below) 174.74
Family (salary equated to Grade 10 or above) 198.76
Individual (salary equated to Grade 9 or below) $ 95.82
Individual (salary equated to Grade 10 or above) 105.78
Family (salary equated to Grade 9 or below) 316.43
Family (salary equated to Grade 10 or above) 340.95
Individual (salary equated to Grade 9 or below) $ 56.72
Individual (salary equated to Grade 10 or above) 66.71
Family (salary equated to Grade 9 or below) 193.65
Family (salary equated to Grade 10 or above) 218.27
UNSETTLED GROUPS - COUNCIL-82, NYSCOPBA, UUP
Individual $ 28.06
Individual $ 32.99
Individual $ 88.86
Individual $ 42.86
Defensive Driving Course
National Safety Council Defensive Driving Courses will be offered Friday, December 16; Wednesday, December 21; Wednesday, January 11, 2012; and Friday, January 13, 2012. Employees must obtain their supervisor's permission prior to registration to ensure there is proper coverage in the department. To register for the class, bring your payment to Human Resources (Kunsela Hall - A011) at least 10 days prior to the class you will be attending. Make checks payable to The College Association.
The cost is $15 for SUNYIT faculty, staff and students/alumni, including State, Research Foundation & College Association employees, retirees and students, and $25 for non-employees. All classes are 9 a.m. - 4 p.m.
One short course = long time savings!
By simply taking the NSC's six-hour course, you will save money for three full years. Receive up to a 10% discount on your vehicle collision and liability insurance premiums each year for three years. This discount applies to the base rate of your automobile and motorcycle insurance premiums providing you are listed as the principal operator.
One short course = point reduction!
The same six-hour course may allow you to receive up to a four (4) point reduction on your driving record with the NYS Department of Motor Vehicles. Courses may be taken once every 18 months for point reduction.
One short course = a life saved!
The best benefit you can receive from our six-hour defensive driving course is a safer, smarter way of driving. Taking this course is priceless and can help save lives.
New -2012 Health Insurance Opt-Out Program
Effective January 1, 2012, the New York State Health Insurance Program (NYSHIP) will offer the Opt-Out Program. This program allows eligible employees who have other employer-sponsored group health insurance to opt out of their NYSHIP coverage in exchange for an incentive payment. This program is available to employees represented by CSEA, PEF, and Managerial Confidential employees. On an annual basis, employees who elect to participate in the Opt-Out Program will receive incentive payments totaling $1,000 for opting out of individual coverage or $3,000 for opting out of family coverage.
To be eligible for the Opt-Out Program, an employee must meet two eligibility criteria to receive the incentive payment:
1. The employee must have been enrolled in NYSHIP, as a State employee, on April 1, 2011 or on the date first eligible for NYSHIP if that date is after April 1, 2011 through the end of the plan year; and
2. The employee must provide information and attest to having other employer sponsored group health insurance in effect for the Opt-Out period.
The annual incentive amount for opting out of NYSHIP coverage is $1,000 for Individual coverage or $3,000 for Family coverage. The incentive payments will be prorated and reimbursed through the employee’s biweekly paychecks throughout the year. The payments to employees participating in the Opt-Out Program for 2012 will begin as soon as practicable after January 1.
If you are interested in participating in this program, you must complete the appropriate forms in human resources by December 23, 2011. If you have any questions, please call Melissa Newman, ext. 7191.
2012 SUPPLEMENTAL RETIREMENT ANNUITY
Supplemental Retirement Annuities (SRA) and Tax Deferred Annuities (TDA) are an excellent way of providing additional retirement income while lowering your current tax liability. The Economic Growth and Tax Relief Reconciliation Act of 2001 has enhanced this benefit. All employees can now contribute a maximum of $17,000 for 2012. In addition, if you are age 50 or over you can contribute an additional $5,500 and/or if you have 15 years of SUNY service you can still do an additional "catch up" of $3,000 per year for five years for a total of $15,000.
The Tax Relief Act of 2001 will also allow you to contribute an additional $17,000 to the NYS Deferred Compensation Plan. In addition, the Deferred Compensation Plan has a “50 and Over Catch-Up” provision whereby you can contribute an additional $5,500.
Based on these two plans, you could conceivably defer a total of $48,000 for calendar year 2012.
Forms and applications are available if you are interested. If you already have an account please complete the form that was mailed to you and return to the Office of Human Resources on or before December 19, 2011.
PEF and M/C Vision Insurance
Effective in January Management Confidential and PEF employees’ Vision Insurance will be changing from EyeMed to Davis Vision. More information will be released from Civil Service and available in Human Resources soon.
November 28, 2011
November 15, 2011
November 15, 2011
December 2, 2011
December 31, 2011
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