After 28 years at the Lab, Cheryl Fragiadakis, head of the Technology Transfer and Intellectual Property group, has announced her retirement, effective June 27. She has headed this group (formerly the Tech Transfer Department) since 1992, the longest serving tech transfer director of all multiprogram DOE or NNSA labs. She started at the Lab in 1985 in what was then called the Energy and Environment Division, after working for Exxon. Go here for more on Fragiadakis’s accomplishments, and here for a profile of her that appeared in the September 2003 issue of the View.
Posts Tagged ‘Retirement’
About half of current faculty and staff will be affected by new eligibility rules for retiree health benefits that go into effect on July 1, 2013. These rules were approved by the Regents in December 2010 as part of a series of reforms to address the $14.5 billion unfunded liability in the retiree health program, and to help sustain the long-term viability of the program. The Regents also approved a new pension tier for employees hired or re-hired July 1, 2013 and later. The new pension tier does not apply to current employees unless they leave employment and return at a later date. More>
Starting April 1, retiree health coverage processing and inquiries will be handled by the University of California Office of the President’s Retirement Administration Service Center (RASC) in Oakland. In addition to the RASC unit supporting the retirement services for our Lab employees, RASC will also be providing support for our Lab retirees and their eligible family members/dependents concerning their UC-sponsored health benefits coverage, including Medicare benefits coordination. Contact RASC at 800-888-8267, M-F, 8:30 a.m. to 4:30 p.m.
In 2011 the Berkeley Lab Retirees Association (EX-Ls) conducted a survey of all Lab retirees, which at that time comprised around 2,300 people. The 425 responses (19% response rate) have provided a comprehensive picture of Lab retirees and helped the EX-Ls and UC Berkeley Retirement Center ensure that programs meet the needs and interests of retirees. The results suggest that most retirees are enjoying retirement, were well prepared, and enjoy reasonable health and financial security. Survey results have been shared with Lab management so they are aware of retirees’ continuing contributions to the Lab, University, their local communities. The full report is available here.
The Lab’s HR Benefits Office is offering several retirement education classes conducted by Fidelity Retirement Services. The workshops will help employees learn about investing for retirement and the steps they can take to help ensure retirement readiness. These classes are free and open to all. All take place tomorrow in Perseverance Hall.
8:30 a.m. — Getting on the Right Path with your Workplace Savings
9:30 a.m. — Understanding Fund Menu Changes
10:30 a.m. — Accessing your Account
Effective Friday, Feb. 1, employee retirement inquiries and counseling will be transferred to the Retirement Administration Service Center (RASC) at the University of California. The center is located at the UC offices in Oakland. It supports members of the University as they transition into retirement. U.C Berkeley is currently using RASC and has over a 90% satisfaction rate. The Lab Benefits website will be updated with RASC contact information on Feb. 1.
Planning for retirement may seem daunting to UC Berkeley employees, but it doesn’t have to be. That’s the view of the UC Berkeley Retirement Center, which this fall is offering a free six-week program, held on Friday afternoons, to guide faculty and staff through everything from retirement benefits to work-life transitions. The comprehensive Pre-Retirement Planning (PRP) program, which launches Friday, Oct. 5, is designed to help active UC Berkeley and Berkeley Lab employees plan and implement a successful retirement strategy. More>
To honor their years of service, the Lab would like to post the names of employees who are retiring this month. The list is not only a tribute to staff and their careers, it also lets current employees know who among their colleagues are moving on. Those interested in having their names included can e-mail their division name and years of service. Have a photo you’d like included with your listing? Send that along too. The deadline is 5 p.m. Friday (June 29). The list will run in TABL next week. Know an employee who has already left the Lab and might want their name included? If so, please forward this article to them. (Note: Due to privacy reasons, the UC Retirement Function is not allowed to share this information unless the employee self identifies.)
The mandatory contribution rate for UCRP members will rise to 5 percent of pay, up from 3.5 percent of pay. The Lab will pay 10 percent of pay, up from 7 percent. Bi-weekly paid employees will see the increased contributions reflected in their July 13 paycheck. Monthly paid employees will see the increased contributions reflected in their August 1 paycheck. All employee contributions are pre-tax. More>
The latest edition of “Our University,” the newsletter for University of California employees, has been posted. The publication includes a recap of Regents’ call for reinvestment in higher education, a reminder that UC Retirement Plan contributions will increase July 1, HR news about family member verification and resources to stop smoking, among other stories.