Highlights include small cost increases (none over $12 per month) and some decreases (for UC Care), adding voluntary disability insurance with no statement of health required, added Kaiser locations, and expansion of Health Net Blue & Gold provider groups. The Open Enrollment website and booklet will be available the week of Oct. 24. More>
Employees who wish to change payroll deductions for their remaining Nov. 1 and Dec. 1 paychecks this year must meet the Lab’s October payroll deadlines for contribution changes. The Maximum Annual Contribution limit for the UC Retirement Savings Program’s 403(b) and 457(b) Plan is $18,000 per plan. Log into your Fidelity account here. More>
Meet retirement counselors from the UC Retirement Administration Service Center as they explain UC retirement benefits and eligibility rules for health coverage, describe the steps required to get ready for retirement, and answer questions. The meeting runs from 1:30 to 3:30 p.m. in the Building 50 auditorium and will be live-streamed. More>
Employees can choose Voluntary Short-Term Disability (benefits up to six months), Long-Term Disability (benefits after six months, up to your Social Security retirement age) or both, depending on needs and budget. Since premiums are paid with after-tax dollars, income from Voluntary Disability Insurance is generally not taxable. View informational video here. More>
With Blue Shield of California’s rate guarantees expiring, other vendors were evaluated through a formal request for proposal process. UC has selected Anthem to replace Blue Shield as the claims administrator and network provider for UC Care, Health Savings Plan, Core, and Blue Shield Medicare plans. More>
Retirement counselors from the UC Office of the President’s Retirement Administration Service Center will discuss UC’s retirement benefits and eligibility rules for retiree health benefits, describe the steps you need to take to retire, and answer questions. The event will take place from 1.30 to 3.30 p.m. in the Building 50 Auditorium and will be live streamed.
Over the next few days, employees will receive Form 1095 to document information provided on their 2015 federal tax returns regarding health insurance coverage. Depending on employment status and the type of coverage, staff may receive one or more copies of Form 1095-B or 1095-C. More>
UC President Janet Napolitano will ask the Regents to approve implementation of a new set of retirement benefits for future UC employees hired on or after July 1, 2016. New staff will be offered one of two options: a pension plus 401(k)-style supplemental benefit, or a stand-alone 401(k)-style benefit. More>
By March 31, 2016, members of a University of California-sponsored medical plan will receive Form 1095, which will be used to document information you provide on your 2015 federal tax return regarding health insurance coverage. Berkeley Lab has engaged an outside vendor, ADP, to produce and mail the forms. Go here and look for the Affordable Care Act tab.
The workshops include Designing a Financial Road Map (8:30 to 9:30 a.m.), Your UC Retirement System (9:30 to 10:30 a.m.), and Building a Portfolio for Any Weather (10:30 to 11:30 a.m.). A Fidelity representative will staff a help desk in the cafeteria lobby from noon to 2 p.m. that day.