Posted on 25 September 2014
Open Enrollment begins October 13 and runs through October 31. This is your annual opportunity to review, enroll in, or make changes to your medical, dental, flexible spending, and disability benefits. If you are currently participating in the University’s medical plan, please remember that your medical plan elections do not roll over. You must either elect or decline medical coverage for 2015 as well as confirm your smokers’ and spousal surcharge elections during Open Enrollment. If you do not, you and your covered dependents will be placed in the Aetna HRA option, and the increased smokers’ and spousal surcharges will apply for 2015.
Please visit the Open Enrollment website for more information about your 2015 benefits, the open enrollment process, and to review the webcast and live information sessions schedule. And don’t forget to mark your calendars to visit the Benefits Fair featuring a Workday preview, a glimpse at the new Career and Compensation program, benefits vendors, giveaways, free chair massages, flu shots, and more. Click here to view the complete schedule.
This is also a great time to review your retirement savings. If you are a participant in the Faculty Retirement Plan or the Employees’ Retirement Plan, Open Enrollment is the perfect time to begin or increase your voluntary contributions, in addition to what the University is contributing, to help secure your financial wellness. If you are in the Retirement Savings Plan, you could be missing out on free money if you’re contributing less than 5 percent to the plan. Visit netbenefits.com/um or call 1-800-642-7131 to get started. You can receive personalized assistance in person or by phone. It’s never too early or too late to get started.
If you have any questions about your ’Canes Total Rewards or the Open Enrollment process, please contact HR-Benefits at 305-284-3004 or miami.edu/benefits/ask.
Posted on 25 September 2014
The Pension Protection Act of 2006 requires that the University of Miami provide an Annual Funding Notice to all ERP participants. The Annual Funding Notice reports the funded status of the ERP for the plan years 2011 through 2013, describes how the plan assets are invested, and outlines the benefits that are guaranteed by an agency of the federal government called the Pension Benefit Guaranty Corporation. Frequently asked questions and a glossary of terms are also included. This notice is provided for informational purposes only. No action is required on your part. If you have any questions, please email the HR-Benefits team by completing the online form located here.
Posted on 27 August 2014
UM faculty and staff considering retirement are encouraged to attend Ready to Retire, a seminar designed to guide them through the steps of retirement. Experts will discuss your retirement fund distribution options, health care benefits, and important Medicare deadlines, as well as the emotional and psychological factors that contribute to a healthy and happy retirement. Sessions will be held from noon to 1:30 p.m. as follows:
Coral Gables campus | Tuesday, September 9 at Founders Hall; Friday, September 12 at Storer Auditorium
Miller School of Medicine campus | Wednesday, September 10 at the Mailman Center Auditorium
RSMAS campus | Thursday, September 11 at RSMAS Auditorium
Register for a session here. If you have trouble registering, contact BenefitsRSVP@miami.edu and indicate which campus session you will be attending. For more information, please contact a benefits representative at www.miami.edu/benefits/ask.
Posted on 27 August 2014
If you’re eligible for the Retirement Savings Plan (RSP) but aren’t making contributions, you are missing out on free money from the University that will help you save for your retirement. If you aren’t sure how to get started or think it’s too late to start, you should register for “Save a Little Today, Play a Lot Tomorrow.” Hosted by Fidelity Investments, these interactive workshops will teach you how saving a little today will result in an increased retirement benefit. Workshops are scheduled from 11 a.m. to noon, and healthy snacks will be provided at the end. As an added bonus, if you enroll or increase your voluntary contribution after the workshop, you will receive a complimentary two-week pass, good at both the UHealth Fitness and Patti and Allan Herbert Wellness Centers. Click here to reserve your seat today.
Posted on 13 August 2014
University of Miami faculty and staff can enjoy all the excitement of the Miami Seaquarium for half the price during the fall semester. From August 23 through October 19, UM employees, and up to five guests, can receive 50 percent off regular admission to the Seaquarium and experience a fun-filled day of spectacular marine animal shows and tropical wildlife. Special offers on annual passes and animal encounter programs also will be available.
UM faculty and staff must present a valid ’Cane Card (UM ID) when purchasing tickets to redeem this special offer. For more information, click here, or contact HR-Benefits at 305-284-3004 or complete the online for at www.miami.edu/benefits/ask.