Posted on 22 September 2016
The University of Miami’s 403(b) investment structure for the Retirement Savings Plan, Retirement Savings Plan II, Faculty Retirement Plan, and Supplemental Retirement Annuity is changing, effective January 2017. Over time, market performance, fund fees, and fund management are prone to change. The UM 403(b) Investment Committee, with assistance from independent investment advisors, has the fiduciary responsibility to oversee the investment options in Tiers 1, 2, and 3 of the 403(b) investment structure. The committee monitors the performance of funds, reviews fees and investment managers, and retains or replaces funds and/or investment managers as needed.
The following changes will occur in January:
- There will be a new, lower cost share class suite of target date funds.
- Six new mutual funds will be added, while four of the existing funds will be removed.
- Six TIAA variable annuities will be frozen to new contributions, with four remaining open.
- View details.
Fidelity Investments will continue to serve as the Master Administrator of the University’s 403(b) retirement plans, with TIAA remaining as the annuities vendor. There will be no change to Tier 4, Brokerage Link, through which any mutual fund may be purchased.
Current 403(b) participants will receive communications via email and U.S. mail from Fidelity Investments and TIAA regarding the changes. Representatives from Fidelity Investments and TIAA also will be onsite throughout the next several months to answer your questions through one-on-one consultations and at the ’Canes Total Rewards Benefits Fairs in October.
If you have any questions regarding the changes to the investment structure, please contact Fidelity Investments at 1-800-642-7131 or TIAA at 1-800-842-2252. One-on-one consultations may be scheduled online at netbenefits.com/um.
Posted on 15 September 2016
This Faculty and Staff Assistance Program (FSAP) seminar is offered monthly to explore the basic tenets of mindfulness, review the significance of mindful living, and guide participants through a mindfulness practice. Being mindful increases engagement with the present moment and allows for a clearer understanding of how thoughts and emotions impact our health and the quality of our lives. This month’s focus will place emphasis on the attitude of “patience.” Attend to awaken your innate capacity for mindful living and nurture a practice to positively inspire every facet of your life. This seminar will be facilitated by a UM FSAP consultant.
Coral Gables campus: Tuesday, September 27, 12-1 p.m., McKnight Building, room 201AB
Miller School campus: Wednesday, September 28, 12-1 p.m., Clinical Research Building, room 692
Rosenstiel campus: Thursday, September 29, 12-1 p.m., Library Media room
FSAP Health and Wellness seminars are offered as part of the University of Miami’s Well ’Canes Program. Register through ulearn.miami.edu. For help with ULearn registration, or to receive email announcements of upcoming seminars, please call the FSAP at 305-284-6604.
Posted on 09 September 2016
The University of Miami is partnering with the National Immigration Forum’s New American Workforce to offer free, 45-minute information sessions for faculty and staff interested in becoming United States citizens. Information sessions will cover eligibility, application costs and requirements, study resources, and more.
Miller School campus: Thursday, September 15, 9 a.m., 12 p.m., and 3 p.m., Gordon Center for Research and Medical Education
Coral Gables campus: Friday, September 16, 9 a.m., 12 p.m., and 3 p.m., Shalala Student Center, Activities Room
Rosenstiel campus: Thursday, September 22, 2 p.m., Auditorium
New American Workforce works with businesses to assist their eligible immigrant employees with the citizenship process so they become full participants in the workplace, community, and economy. The project is now operational in eight major U.S. cities with high concentrations of legal permanent residents. If you have any questions about the upcoming information sessions, please contact the UM Benefits team at 305-284-3004, option 1 or miami.edu/benefits/ask.
Posted on 04 August 2016
Because Medicare is so important, it is essential that you know how to get the most out of it. Join Fidelity for a free webcast that will explain why you need to think about Medicare before retirement, break down the basics, and answer questions about eligibility, types, costs, and more. Select the date and time most convenient for you and register today:
Register for Tuesday, September 20, 2016, at 1 p.m.
Register for Wednesday, September 21, 2016, at 1 p.m.