For Your Benefit

Look for Employees’ Retirement Plan (ERP) Statements in the Mail

Participants in the Employees’ Retirement Plan (ERP), the defined benefit retirement plan, will be receiving a statement at their preferred home mailing address in the next few days. This statement provides participants with estimates of their cash balance and monthly payment at their normal retirement date. Participants in the Supplemental Retirement Annuity (SRA), Retirement Savings Plan (RSP) or Faculty Retirement Plan (FRP) may view their account balances at any time by visiting the Fidelity website at www.netbenefits.com/um , or the website of their investment provider.

With your ERP benefit statement in hand, now is the perfect time to meet with a financial representative to review your account balances and help plan for your future. Making an appointment is easy. Just visit www.netbenefits.com/um or call Fidelity at 1-800-343-0860 or TIAA/CREF at 1-866-843-5640. If you’re participating in the Well ’Canes Incentives Program, you’ll earn 150 points for meeting with a Fidelity/TIAA-CREF representative to help you reach your goal of earning $300 in Well ’Canes incentives.

If you have any questions email a Benefits Representative at www.miami.edu/benefits/ask.

Posted in Benefits, For Your BenefitComments (0)

Compliance Corner: Student-Athletes and Agents

There have been numerous national media reports regarding agents having impermissible encounters with collegiate student-athletes. The actions of an agent are governed by the professional players’ associations (NFLPA, MLBPA, etc.), so NCAA rules primarily outline what a student-athlete may do in relation to an agent. Below are some frequently asked questions about this topic so you may gain a basic understanding regarding NCAA rules in this area.

Q: Would prospective or enrolled student-athletes jeopardize their amateur status and become ineligible for intercollegiate athletics if they retain an agent?

A: YES. The basic rule is that student-athletes are ineligible for participation in an intercollegiate sport if they have ever agreed (orally or in writing) to be represented by an agent for the purpose of marketing their athletic ability or reputation in that sport.

Q: How would the NCAA find out if a student-athlete did sign with an agent?

A: Information comes to the NCAA from a variety of sources. For example, it may come from the student-athlete or the institution, the student-athlete’s ex-girlfriend or boyfriend, a disgruntled teammate, or a competing agent or runner. If the NCAA receives credible information that suggests that a violation may have occurred, it will follow up.

Q: What benefits can agents provide to enrolled or prospective student-athletes without jeopardizing their amateur status?

A: NONE. Any benefits (i.e., cash or other gifts or services) that agents or their firm or agency provide to student-athletes would constitute compensation for their athletic talent and abilities, regardless of the value of the benefit or whether the benefit is used.

Q: Can an agent send a gift to a student-athlete’s mother or girlfriend?

A: NO. A student-athlete’s friends or relatives cannot receive any benefit that would be an impermissible benefit if received by the student-athlete, without jeopardizing the student-athlete’s amateur status.

Below are additional guidelines for athletics department staff members:

  • No athletics department staff member of a member institution may serve as an agent, or represent, directly or indirectly, any individual in the marketing of athletic ability or reputation to a professional sports team or a professional sports organization, unless that staff member is acting in his or her capacity as a member of the institution’s professional sports counseling panel.
  • An athletics department staff member may not receive benefits for facilitating or arranging a meeting between a student-athlete and an agent, financial advisor, or a representative of an agent or advisor.

Maintaining compliance is essential to the success of the University’s athletics programs and the UM Athletics Department asks for your help in making sure the U is operating within the rules. As always, your efforts to help the University maintain a culture of compliance are greatly appreciated. For more compliance information, follow the UM Athletics Department on Twitter (@UCompliance), like them on Facebook (facebook.com/UCompliance), or contact them via email, athleticscompliance@miami.edu.


Posted in Athletics, For Your BenefitComments (0)

Sign Your High Schooler Up Now to Earn College Credit this Summer

The University’s three-week Summer Scholars Program offers talented high school sophomores and juniors an opportunity to earn college credit in one of 12 academic specialties, learn from renowned UM professors, and experience college life—all before graduation. Students attend classes with their peers, learn time management skills, and explore South Florida on weekend excursions. Residential and commuter options are available.

The Summer Scholars Program runs June 27 through July 17. Students are encouraged to apply early to reserve space in their preferred program. The early application deadline is April 1, but applications will be accepted until May 1, or until the program has reached capacity.

Employees may be eligible to apply their tuition remission benefit for the program and should visit the Education Benefits page to learn more. For more information, visit www.miami.edu/SSP or call 305-284-5078.

Posted in For Your BenefitComments (0)

Discounted CPR Certification Course Offered by Hecht Residential College on April 2

Hecht Residential College is offering discounted CPR certification for students, faculty, and staff, with all proceeds going to UM’s Relay for Life charity, on Thursday, April 2, from 5:30 to 8:30 p.m. in Hecht Residential College, classroom 101.The course will be taught by Professor Justin Tatman, from Athletic Training, and will provide CPR certification for all participants who complete the course.  The cost is just $30, which is one-third of how much courses like this can cost, so do not miss this opportunity. Sign up for the class and pay your $30 at the Hecht Residential College Front Desk (1231 Dickinson Drive).

Posted in Events, For Your BenefitComments (0)

IBIS Ally Network Holds Inaugural Training for LGBTQ Allies on April 2

The University’s new IBIS Ally Network, which aims to train faculty, staff, and students to be effective allies to members of the lesbian, gay, bisexual, transgender, and queer community at the University of Miami, will hold its inaugural ally training session on Thursday, April 2,  from 3 to 6 p.m. in the Student Activities Center Vista Room

The session, which will include dinner, will cover a variety of topics, from important terminology, current issues, the LGBTQ student experience, helping skills, referrals, and more. Those who complete the program will be invited to become a part of the  IBIS Ally Network and will be given the network symbol to display to show their support for members of the LGBTQ community.

To maintain a training environment which allows for discussion and activities, the training session will be limited to the first 25 people who can commit to being available for the full three hours. To RSVP, please email ibisally@miami.edu with your name (as you would like it printed on a certificate), position on campus, department, and contact email address by Friday, March 27.  If this session fills up, the network will send you information on future IBIS Ally trainings.


Posted in Events, For Your BenefitComments (0)

  • Features
  • Tags
  • Popular
  • Subscribe
  • Subscribe to the Veritas RSS Feed
    Get updates to all of the latest Veritas posts by clicking the logo at the right.

    You can also subscribe to specific categories by browsing to a particular section on our site and clicking the RSS icon below each section's header.

UM Facebook

UM Twitter