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									Retirement and Beyond
         Benefits and programs available to retired
                        Endowed Faculty and Staff
Table of Contents
Introduction.........................................................................................................................3

Before.You.Retire................................................................................................................3
         Unused Vacation and Sick Days ....................................................................................................................3
         Beneficiaries...................................................................................................................................................3

Benefit.Plans.and.Policies.after.Retirement.....................................................................3
          .
    Health. .......................................................................................................................................3
         Health Insurance Eligibility ...........................................................................................................................3
             Retiring Under Age 65 ............................................................................................................................3
             Retiring At Age 65...................................................................................................................................4
             Retiring After Age 65 ..............................................................................................................................4
             Medicare Part D - Prescription Drug Coverage ......................................................................................4
             Aetna’s Medicare Direct Program ...........................................................................................................5
             All Retirees, Both Under and Over Age 65 .............................................................................................5
         Sick Leave Conversion Program ...................................................................................................................5
         Life Expectancy Table ...................................................................................................................................6
         Dental Plan .....................................................................................................................................................6
         Select Benefits................................................................................................................................................6
    Retirement.Plans.......................................................................................................................6
         Cornell University Retirement Plan (CURP).................................................................................................6
             Requesting Benefit Distributions ............................................................................................................6
             Payment Options .....................................................................................................................................7
             Personal Appointments ............................................................................................................................7
         Tax Deferred Annuity (TDA) Plan ...............................................................................................................7
             Requesting Benefit Distributions ............................................................................................................7
             Payment Options .....................................................................................................................................7
             Personal Appointments ............................................................................................................................7
         457(b) Deferred Compensation Plan .............................................................................................................8
         Social Security ...............................................................................................................................................8
    Life.Insurance.in.Retirement....................................................................................................8
         Basic Life Insurance ......................................................................................................................................8
            $3,000 Retiree Life Benefit .....................................................................................................................8
            Decreasing Retiree Life Benefit ..............................................................................................................8
         Group Universal Life (GUL) Insurance ........................................................................................................8
    Other.Plans.and.Policies...........................................................................................................9
         Personal Accident Insurance (PAI) Conversion .............................................................................................9
         Cornell Children’s Tuition Scholarship (CCTS)............................................................................................9
         NY College Savings Plan...............................................................................................................................9
         Faculty and Staff Assistance Program (FSAP) ..............................................................................................9
         Auto/Home/Pet Insurance ..............................................................................................................................9
         Long Term Care .............................................................................................................................................9
                                .
    Benefits.No.Longer.Available. ..................................................................................................9

                                                                                                                                             Continued on next page
                                                                                       -3-
Other.Retiree.Benefits/Programs/Services.......................................................................9
        Cornell Retirees Association (CRA) ..............................................................................................................9
        Encore Cornell .............................................................................................................................................10
        Cornell Association of Professors Emeriti (CAPE) .....................................................................................10
        Other Opportunities to Connect ...................................................................................................................10
        Identification Cards ......................................................................................................................................10
        CFCU Community Credit Union .................................................................................................................10
        Retiree Transit and Parking Privileges.........................................................................................................10
        Taking Courses for Credit ............................................................................................................................10
        Computer Access ......................................................................................................................................... 11
        Libraries ....................................................................................................................................................... 11
        Intercollegiate Athletics and Athletic Facilities ........................................................................................... 11
        Facilities and Events .................................................................................................................................... 11
        Cornell News ..............................................................................................................................................12
        Statler Club ..................................................................................................................................................12
        Cornell Club .................................................................................................................................................12
        Cornell Club–New York ..............................................................................................................................12
        Wellness Program for Health and Fitness ....................................................................................................12

For.More.Information......................................................................................................12




                                                                                       -4-
Introduction                                                   Benefit Plans and Policies after
Cornell offers a wide variety of benefits and pro-             Retirement
grams to endowed faculty and staff during their
employment at the university. While some of these
                                                               Health
benefits will be discontinued upon retirement, oth-
                                                               Health Insurance Eligibility
ers will continue throughout the retirement years.
                                                               Health insurance is available to retiring endowed
The information in this brochure has been prepared             faculty and staff who are at least age 55 and have
for you, an endowed faculty or staff member, to                at least ten years of benefits-eligible service with
assist in your planning for retirement. It describes           the university. If you are not covered under the
the benefits that are available to you when you retire         endowed health plan on your date of retirement, you
and answers some of the questions you may have                 must sign up within sixty days of your retirement
about your future relationship with Cornell.                   date to obtain retiree health coverage. If you decide
                                                               not to continue your health insurance at any time
There is no mandatory age for retirement for Cor-
                                                               and cancel your coverage, you will not be able to
nell faculty or staff. To receive certain benefits,
                                                               re-enroll at a later date.
however, you must be at least age 55 and have at
least ten years of credited service at the university.         Retiring.Under.Age.65
                                                               If you are under age 65 when you retire, your
Before You Retire                                              health insurance continues in the same plan as an
                                                               active faculty or staff member. If you are covering
You need to notify your department well in advance             a spouse or same-sex partner who is at least age
of your anticipated retirement date. This advance              65 and is Medicare-eligible, then Medicare will be
notice allows your department time to adequately               primary for their coverage and the endowed health
address succession planning. It’s not easy to replace          plan will be secondary. The spouse or same-sex
long-term employees! When you retire, your depart-             partner (ssp) must enroll in Medicare Parts A and B.
ment will process your retirement status, including            If your spouse or same-sex partner does not enroll
accrued vacation days and sick leave. It is important          in Medicare Parts A and B, the endowed health plan
that you confirm this information with your depart-            will still only pay as if Medicare paid as a primary
ment.                                                          insurer, which will result in a large financial burden
                                                               to you and your spouse/ssp.
Unused Vacation and Sick Days
Staff will be reimbursed for unused vacation days.             The university evaluates the health insurance pro-
Sick leave will be turned into a credit against future         gram annually to determine new contribution levels.
premiums for your Cornell retiree health care plan,            This means that the rate you are charged from year
as described below.                                            to year may vary. Endowed retirees under age 65
                                                               can be enrolled in the 80/20 Plan, PPO Plan, Cornell
Beneficiaries                                                  Program for Healthy Living or the Health Savings
You should keep the listing of your beneficiaries              Account (HSA) administered by Aetna, or the PPO
for your life and personal accident insurance and              Plan administered by HealthNow with either single
retirement fund accounts up-to-date. This informa-             or family coverage. Prescription drugs will continue
tion is highly confidential. Only you can check to             to be covered through Medco. You can only change
see who is listed as your beneficiary and only you             your health plan enrollment during the Open En-
can change your beneficiary. Contact CIGNA Group               rollment period, usually held in November, with an
Insurance at (800) 231-1193 to check your life in-             effective date of January 1. You may also change
surance and personal accident insurance beneficia-             your election from family coverage to single or vice
ries. Contact the investment vendors to check your             versa during the annual enrollment period or within
retirement plan beneficiaries: TIAA-CREF: (800)                60 days following a qualifying event.
842-2776; Fidelity: (800) 343-0860.

                                                         -3-
Retiring.At.Age.65                                             paid first, potentially leaving you with a substantial
If you retire on or near your 65th birthday, you will          financial burden until you get Medicare coverage.
have two health insurance arrangements to make
simultaneously. First, your Cornell health insurance           Retiring.After.Age.65
plan will become the 80/20 Plan administered by                Individuals who work beyond their 65th birthday usu-
Aetna. Prescription drugs will continue to be cov-             ally remain on one of the Cornell-sponsored health
ered through Medco. This is the only plan that can             plans for active employees. Dependents of active em-
use Medicare as a primary payor. So participants               ployees, regardless of age, also remain on the health
in the Aetna PPO, Cornell Program for Healthy                  plan for active employees.
Living, Health Savings Account (HSA) or the
                                                               When you retire, you will be sent an Endowed
HealthNow PPO plans will have to change cover-
                                                               Retiree Health Enrollment Form along with other
age in retirement beyond age 65. Contact Benefit
                                                               materials from Benefit Services. You will need
Services to change your coverage to the 80/20 Plan
                                                               to complete the enrollment form in order to con-
for retirees or to maintain your 80/20 coverage if
                                                               tinue your (and your eligible dependents) health
you already have it. HSA note: If you are enrolled in
                                                               insurance coverage in the Retiree 80/20 Plan. The
the HSA, upon turning age 65, IRS regulations no
                                                               Retiree 80/20 Plan is designed to coordinate with
longer permit you to make or receive contributions
                                                               Medicare. The Retiree 80/20 Plan includes the same
to your HSA. However, you can continue to use the
                                                               prescription drug coverage through Medco as that
account balance.
                                                               provided with the HealthNow, Aetna PPO and 80/20
Second, you should contact the Social Security                 Plans.
Administration to register for Medicare Parts A and
                                                               As outlined in the previous section “Retiring At Age
B. Medicare becomes your primary coverage in
                                                               65,” you will need to contact the Social Security
retirement once you are age 65 and eligible for this
                                                               Administration to register for Medicare Parts A and
coverage. The Social Security Administration sug-
                                                               B. The Social Security Administration recommends
gests that you contact them at least 90 days before
                                                               that you contact them approximately 90 days be-
you retire and reach age 65. You can reach Social
                                                               fore you retire. Once you retire at age 65 or older,
Security by calling their toll-free nationwide num-
                                                               Medicare becomes the primary payer for claims and
ber (800) 772-1213 or by calling the local office in
                                                               Aetna the secondary payer. It is very important for
your area. The phone number for the local Social
                                                               you (and your spouse or same-sex partner if Medi-
Security Administration office in Tompkins County
                                                               care Eligible) to enroll in both Medicare Parts A &
is (607) 256-3651.
                                                               B. If you do not enroll in Medicare Parts A & B, the
Once you have registered properly with Benefit Ser-            Retiree 80/20 Plan will still only pay as if Medicare
vices for the Retiree 80/20 Plan and with the Social           paid first, and you could end up with a substantial
Security Administration for the Medicare programs,             financial burden until you do enroll in Medicare
you will have complete retiree medical coverage.               coverage. In addition, if you or your spouse/ssp
You may pay your premium for the Cornell cover-                enroll late in Medicare Part B, you will be charged
age by bank draft or direct billing. Social Security           a penalty for those months you could have been but
usually takes your Medicare premium directly from              were not enrolled in Medicare Part B.
your Social Security income check each month.
                                                               You can reach the Social Security office by calling
Please note: the Social Security Administration                (800) 772-1213 or the local Tompkins County office at
does not treat late applicants kindly. Individuals             (607) 256-3651.
who apply late for Medicare coverage will be forced
to wait until the national open enrollment period to           Medicare.Part.D—Prescription.Drug.Coverage
enroll and then wait six months for the effective date         Starting January 1, 2006, everyone with Medicare
of coverage—and the premium will be substantially              became eligible for prescription drug coverage.
higher for each month of late enrollment. Further-             Cornell’s Endowed Health Plans, including the
more, if you do not have Medicare coverage, the                Retiree 80/20 Plan, are just as good as the Medicare
Retiree 80/20 Plan will still only pay as if Medicare          standard prescription.
                                                         -4-
The Medicare law requires the university to provide an              All.Retirees,.Both.Under.and.Over.Age.65
independent, actuarial certification of our health plan’s           Endowed retirees can elect to either have their bank
prescription drug coverage. The point of this require-              accounts drafted for their health insurance premi-
ment is to assure participants that their employer plan             ums every three months or to be billed. For more
is at least the equivalent of the new Medicare Part D               information on the Direct Debit or Billing, call Re-
offering. Cornell’s prescription drug plan design easily            cords Administration at (607) 255-6898. If you have
passed the comparison test. Annually, Benefit Services              sick leave credit, it will be applied to the cost of
is required to provide you with a formal declaration of             your health insurance. Please see the section on the
the results of the test for your records. It is included in         Sick Leave Conversion Program below. The maxi-
your Open Enrollment materials that you will receive                mum sick leave credit that can be applied to your
in early November.                                                  monthly premium is one half of the monthly cost of
                                                                    single retiree coverage.
We are counseling retirees not.to.enroll in Medi-
care Part D, because the Retiree 80/20 Plan (along                  For retirees under age 65, your medical identifica-
with the other Endowed Health Plans) meets Medi-                    tion card and your Medco prescription drug card re-
care’s requirement that the employer’s prescription                 main in effect. If you are enrolled in Aetna’s 80/20
drug coverage be as good as the Medicare standard                   Plan or PPO Plan, you continue to use the same
prescription drug plan. If you decide to enroll in                  Aetna I.D. card to verify health insurance coverage.
Medicare’s Part D coverage, then your prescription                  Once you turn age 65, you continue to use the Aetna
drug coverage through Medco will be secondary.                      I.D. card, but you will be transferred to the Retiree
In order to get reimbursed through Medco, you will                  80/20 Plan that coordinates with Medicare. You will
need to submit a paper claim to Medco. You will not                 continue to use your Medco prescription drug card.
be able to use your Medco prescription drug card at
the pharmacy counter or through mail order.                         Retirees under age 65, who are enrolled in the
                                                                    HealthNow PPO Plan, will continue to use the
Note: Some people with limited income and resourc-                  HealthNow I.D. card for medical coverage. You
es may qualify for extra help and should contact                    will continue to use your Medco prescription drug
the Social Security Administration at their special                 card to purchase prescription drugs. The HealthNow
toll-free number, (800) 772-1213, or via the web at                 PPO and Aetna PPO plans do not coordinate with
<www.socialsecurity.gov>. In some cases, it may                     Medicare. Therefore, once you reach age 65, you
make sense for these individuals to enroll in Medi-                 need to complete a Retiree 80/20 Plan enrollment
care Part D. Then, the prescription drug coverage                   form to continue health insurance coverage. You
through Medco would be reimbursed on a second-                      will receive new I.D. cards from Aetna and will be
ary basis to Medicare Part D. If you have questions                 covered under Aetna’s medical plan. Prescription
about Medicare benefits, call Medicare at 800-633-                  drug coverage will continue through Medco. For
4227 or visit <www.medicare.gov>.                                   more information, call Benefit Services at (607)
                                                                    255-3936.
Aetna’s.Medicare.Direct.Program
Retirees who are age 65 and older will be given the                 Note: Cornell expects and intends to continue to
opportunity to enroll in Aetna’s Medicare Direct                    offer health coverage to retired faculty and staff.
Program. Once you are enrolled, you will not need                   However, it reserves the right to modify, suspend, or
to file claims for most services. Your doctor will                  terminate the plan at any time.
submit the medical claim to Medicare Part B. Medi-
                                                                    Sick Leave Conversion Program
care will make their payment and then forward the
claim for the remaining expenses directly to Aetna.                 Endowed staff: You will receive credit for unused
Aetna will make any appropriate payment to the                      sick leave if you retire at age 55 or older with at
provider and send you an Explanation of Benefits                    least ten years of service at Cornell University, have
statement when the claim is processed. The Medi-                    participated in a Cornell health insurance plan at the
care Direct information will be included in the in-                 time of retirement, and have accumulated sick leave
formation that Cornell’s Benefit Services will send                 at the time of retirement. This program converts
to you at retirement.                                               your unused sick leave into a dollar credit, which is
                                                              -5-
Life.Expectancy.Table.(effective.2/2/2006)

        Age in             50   51    52   53    54      55     56     57    58   59    60   61    62    63   64
        Retirement
        Life Expectancy    308 301 293 286 279 271 264 256 248 240 232 224 216 208 200
        (in months)

        Age in             65   66    67   68    69      70     71     72    73   74    75   76    77    78   79
        Retirement
        Life Expectancy    192 184 176 169 161 154 147 140 133 126 119 113 106 100 94
        (in months)

then applied toward the cost of your retiree health                  date of termination only if you continue to partici-
coverage. The maximum amount of sick leave is 90                     pate in Select Benefits by making after-tax contri-
days or 702 hours.                                                   butions during the remainder of the same calendar
                                                                     year of your retirement. Contact Benefit Services at
Example:                                                             (607) 255-3936 to arrange after-tax contributions.
Formula: total hours of unused sick leave multiplied                 You can continue to remit dependent care expenses
by final hourly rate divided by life expectancy value                incurred during the plan year against any unused
(Group Annuity Mortality Table)                                      balance until the funds in your account are exhaust-
                                                                     ed or the plan year ends, whichever comes first.
Total hours of unused sick leave = 702
                                                                     All claims must be received by the administrator
Final hourly rate = $20.00                                           within the time frame for claims submission for that
                                                                     year, which is generally April 30 following the cal-
Life expectancy value at age 60 = 232 months
                                                                     endar year of participation. Contact Benefit Services
Monthly premium credit amount = $60.51                               at (607) 255-3936 for additional information.

This credit is used to satisfy up to one-half the cost               Retirement.Plans
for single coverage under the chosen plan.
                                                                     Cornell University Retirement Plan (CURP)
Endowed faculty, who do not accrue sick leave,
are given the equivalent of 30 days sick leave at                    You are eligible to begin benefit distributions from
retirement, which is applied in the same method as                   your CURP Plan retirement account if your employ-
above.                                                               ment with the university has terminated or you have
                                                                     retired. It is not possible to begin distributions from
Dental Plan                                                          the CURP Plan account while you are still actively
The Endowed Dental Plan, administered by First                       working at Cornell unless you are a faculty member
Ameritas, is not available to individuals who retire                 who is on the Phased Retirement Program or a staff
from the university. However, you have a feder-                      employee who is on the Staff Phased Retirement
ally protected right under COBRA legislation to                      Program, or you are receiving benefits from Cor-
continue coverage for up to 18 months beyond your                    nell’s Long Term Disability program. Once retired,
retirement date. Call Benefit Services at (607) 255-                 you may delay receiving the benefits from this Plan
3936 for more information.                                           until you attain age 70 1/2.

Select Benefits                                                      Requesting.Benefit.Distributions
If you retire and there is a balance left in your medi-              You should contact the investment vendors to obtain
cal care reimbursement account, you can continue                     and submit the proper distribution forms to them: TIAA-
to receive reimbursement of medical expenses                         CREF at (800) 842-2776 or Fidelity at (800) 343-0860.
incurred prior to your date of termination. Federal                  Retirement contributions made by the university un-
regulations permit you to continue to receive reim-                  der this Plan during your employment are fully and
bursement of medical expenses incurred after your                    immediately vested, which means that you are the
                                                              -6-
sole owner of the funds in your account. You decide             have attained age 59 1/2 or you are receiving benefits
how you want to receive these funds during your                 from Cornell’s Long Term Disability program. Once
retirement years to best meet your needs.                       retired, you may delay receiving the benefits from this
                                                                Plan until you attain age 70 1/2.
Payment.Options
Many payment options are available to you. You                  Requesting.Benefit.Distributions
should study these options thoroughly before final-             You should contact the investment vendors to obtain
izing your retirement plans. These payment options              and submit the proper distribution forms to them: TIAA-
include (may not apply to all funds):                           CREF at (800) 842-2776 or Fidelity at (800) 343-0860.
• Single Life Annuity
                                                                Contributions made to this Plan during your em-
• Survivor Annuity                                              ployment are fully and immediately vested, which
• Guaranteed Period                                             means that you are the sole owner of the funds in
• Systematic Withdrawal                                         your account. You decide how you want to receive
• Interest Only Option                                          these funds during your retirement years to best
• Cash Withdrawal                                               meet your needs.
• Transfer Payout Annuity
                                                                Payment.Options
• Minimum Distribution at age 70 ½
                                                                Many payment options are available to you. You
Both TIAA-CREF and Fidelity have materials that                 should study these options thoroughly before final-
describe these payment options in detail. Contact               izing your retirement plans. These payment options
the investment vendors directly to obtain materials             include (may not apply to all funds):
on these payment options: TIAA-CREF at (800)
                                                                • Single Life Annuity
842-2776 or Fidelity at (800) 343-0860.
                                                                • Survivor Annuity
Direct Deposit: Your retirement benefits can be                 • Guaranteed Period
directly deposited into your personal account. Ar-              • Systematic Withdrawal
rangements for direct deposit should be made with               • Interest Only Option
the investment vendors.
                                                                • Cash Withdrawal
Remember that payment options are varied and may                • Transfer Payout Annuity
need to be discussed with a professional who un-                • Minimum Distribution at age 70 ½
derstands the complexities of income tax law. Cash              Both TIAA-CREF and Fidelity have materials that
distributions will be taxable as ordinary income.               describe these payment options in detail. Contact
Personal.Appointments                                           the investment vendors directly to obtain materials
                                                                on these payment options: TIAA-CREF at (800)
Representatives from both TIAA-CREF and Fidel-                  842-2776 or Fidelity at (800) 343-0860.
ity are on campus regularly to provide individual-
ized counseling. They can assist you in determining             Direct Deposit: Your retirement benefits can be
which payment option may best meet your needs                   directly deposited into your personal account. Ar-
for retirement. You should contact the investment               rangements for direct deposit should be made with
vendors directly to set up a personal appointment:              the investment vendors.
TIAA-CREF at (800) 732-8353 or Fidelity at (800)
642-7131.                                                       Remember that payment options are varied and may
                                                                need to be discussed with a professional who un-
Tax Deferred Annuity (TDA) Plan                                 derstands the complexities of income tax law. Cash
You are eligible to begin benefit distributions from            distributions will be taxable as ordinary income.
your TDA Plan retirement account if your employment
                                                                Personal.Appointments
with the university has terminated or you have retired.
You may also begin distributions from your TDA Plan             Representatives from both TIAA-CREF and Fidel-
account while you are still actively working if you             ity are on campus regularly to provide individualized
                                                                counseling. They can assist you in determining which
                                                          -7-
payment option may best meet your needs for retire-              Employees who retire from the university with a
ment. You should contact the investment vendors                  $3,000 benefit have the option to convert the differ-
directly to set up a personal appointment: TIAA-CREF             ence between their Basic Life Insurance amount and
at (800) 732-8353 or Fidelity at (800) 642-7131.                 $3,000.

457(b) Deferred Compensation Plan                                Decreasing.Retiree.Life.Benefit
You elect benefit distributions from your 457(b)                 If on January 1, 1980, you were age 50 or older, em-
Plan account within 60 days after employment with                ployed at Cornell, and continued to work here until
the university has terminated or you have retired.               your retirement, you will receive decreasing life
Many payment options are available under this plan.              insurance coverage after retirement. The amount of
You should contact TIAA-CREF at (800) 842-2776                   your life insurance coverage for the first year after
for information on these payment options and to                  your retirement date will be equal to your budgeted
obtain the proper distribution forms.                            annual salary, rounded to the next highest thousand.
                                                                 On each January 1, coinciding with or immediately
Representatives from TIAA-CREF are on campus
                                                                 following the next four anniversaries of your retire-
regularly to provide individualized counseling.
                                                                 ment date, your insurance amount will be reduced
They can assist you in determining which payment
                                                                 by 20 percent of the original amount of retirement
options may best meet your needs for retirement.
                                                                 coverage, until it reaches 20 percent of the initial
You should contact TIAA-CREF directly to set up a
                                                                 amount, or $3,000, whichever is greater. It is at this
personal appointment at (800) 732-8353.
                                                                 time (January 1) that you may convert the amount
Social Security                                                  that you are losing through the 20 percent reduction.
                                                                 You have 31 days to do this without medical under-
You may also be eligible to start receiving Social
                                                                 writing.
Security retirement benefits as early as the first full
month that you are age 62. To find out if you are eligi-         For example, if your salary at retirement is $30,000,
ble and how much you can receive, contact the Social             your coverage will be reduced by $6,000 per year as
Security Administration at (800) 772-1213, (607) 256-            follows:
3651 or on-line at <www.ssa.gov>. If you are retiring
before the Social Security full retirement age, there            Retirement.Year.      Life.Insurance.Coverage
may be reduced benefits from Social Security.                    1                    $30,000
                                                                 2                    $24,000
Social Security will be able to answer any questions             3                    $18,000
you might have concerning eligibility, restrictions,             4                    $12,000
registration, payments, etc.                                     5 and after           $6,000
                                                                 Employees who retire from the university with a
Life.Insurance.in.Retirement                                     Decreasing Life Benefit do not have the conversion
                                                                 option for the Basic Life Insurance during the first
Life insurance is available to endowed faculty and               year of retirement. Under this benefit, employees
staff who are at least age 55 and have at least ten              have coverage in the amount of full salary for the
years of service with the university, provided you               first year of their retirement (basic life insurance
meet the requirements described below. This cover-               coverage is half of the annual salary amount).
age is provided as part of your basic life insurance.
                                                                 Employees interested in information about convert-
Basic Life Insurance                                             ing their Basic Life Insurance should contact CIG-
$3,000.Retiree.Life.Benefit                                      NA Group Insurance at (800) 423-1282.
If you were younger than age 50 on January 1,
                                                                 Group Universal Life (GUL) Insurance
1980, or if your coverage through the Group Life
Insurance Plan began after January 1, 1980, and                  As a retiree, you may continue the full amount of
you have had at least ten years of service, you will             your Group Universal Life Insurance coverage. This
receive a $3,000 life insurance policy, currently                coverage may be maintained either by continuing to
provided at no cost.                                             pay premiums directly to CIGNA Group Insurance

                                                           -8-
or by having your premiums paid out of the Cash               NY College Savings Plan
Accumulation Fund, if your balance is adequate.               Retirees who contribute through payroll deduction
The cash value that is not being used to fund your            should contact UPromise at 1-877-697-2837 in or-
insurance coverage can be withdrawn to supplement             der to set up a schedule for future contributions.
your retirement income.
                                                              Faculty and Staff Assistance Program (FSAP)
You may also want to consider using the money in
                                                              As a retiree, you and your dependents continue to
your Cash Accumulation Fund to “pre-fund” or pre-
                                                              remain eligible to receive free assessment, counsel-
pay your retirement life insurance. When you retire,          ing and referral under the FSAP. Contact the Faculty
you can use all or some of the money in the fund to           and Staff Assistance Program at (800) 364-4748 or
purchase a specified amount of paid-up insurance.             <FSAP@cornell.edu>. Licensed counselors are avail-
By purchasing paid-up insurance, you will not need            able 24 hours a day, 7 days a week. Appointments are
to make any additional payments to keep the policy            available with counselors nationwide.
in force.
                                                              Auto/Home/Pet Insurance
For more information regarding your options at re-            You may continue your automobile, homeowner’s/
tirement with your Group Universal Life Insurance             rental, and pet insurance by being billed directly.
plan, please call CIGNA Group Insurance at (800)              You will need to contact Marsh Voluntary Benefits
231-1193.                                                     at (800) 553-4861 for more information.

Other.Plans.and.Policies                                      Long Term Care
                                                              CNA provides a Long Term Care policy for Cornell
Personal Accident Insurance (PAI) Conversion                  staff and family members and retirees. A retiree can
As a participant in the PAI plan, you and your eli-           enroll at any time subject to proof of medical insur-
gible dependents may convert your insurance cover-            ability. To get more information about this policy,
                                                              or if you are enrolled and need to arrange for direct
age to an individual policy if you are under age 70.
                                                              billing, contact CNA at (866) 234-9031.
A medical examination is not required to obtain an
individual conversion policy. You have 31 days after          Benefits.No.Longer.Available
your retirement date to complete an application for
an individual policy. You will be billed by CIGNA             Certain benefits you enjoyed as a Cornell faculty and
for the premiums. For more information, please call           staff member were directly related to your employ-
CIGNA Group Insurance at (800) 231-1193.                      ment. When you retire, you will no longer be eligible
                                                              for those benefits through Cornell. Those benefits in-
Coverage cannot exceed the amount purchased un-
                                                              clude Workers’ Compensation, Short Term Disability,
der your current PAI group plan, and cannot be less
                                                              Long Term Disability, Select Benefits (except as previ-
than $25,000 or more than $150,000. Call Benefit
                                                              ously noted), Tuition Aid or the Employee Degree
Services at (607) 255-3936 to obtain a PAI conver-
                                                              Program, and Business Travel Insurance. However, if
sion application.
                                                              you retire while you are receiving long term disability
Cornell Children’s Tuition Scholarship (CCTS)                 benefits, you should call Benefit Services at (607) 255-
Individuals who retire at age 55 or older with ten or         3936 to review your change of status.
more years of service retain the same CCTS privi-
leges they had as active faculty or staff members.            Other Retiree Benefits/Programs/
The level of CCTS benefits available to your chil-
dren is determined by the date you were hired as              Services
an active employee. Although children of eligible             Cornell Retirees Association (CRA)
employees have no age limitation, marital status
                                                              All Cornell staff automatically become members
limitation, or dependency limitation, the benefit
                                                              of the Cornell Retirees Association (CRA) upon
paid may be considered a taxable fringe benefit to
                                                              retirement. Membership is voluntary and there are
the employee. Call Benefit Services at (607) 255-
                                                              no dues. Retirees and their spouses/partners are
3936 for more information.
                                                              encouraged to participate in activities.
                                                        -9-
CRA offers retirees volunteer opportunities such as                 ministrative staffs as well. The Executive Council
Cornell Retirees Volunteering in Schools (CRVIS)                    meets monthly during the academic year to discuss
and the Cornell Jack Lewis Visitors Program (in                     the varied issues related to the Emeriti. Committees,
area nursing homes), annual social events including                 such as the University Benefits Committee, Univer-
luncheons and a barbecue, and provides a liaison                    sity Faculty Senate, and Statler Board, are repre-
with the university on important retiree issues. For                sented by CAPE Executive Council members. A
more information, contact the CRA desk in 101                       subset of emeriti benefits is published and updated
Day Hall or call (607) 255-0388. To be added to an                  in a brochure entitled, “Perquisites and Privileges”
e-mail list, please send e-mail to <CornellRetirees@                and is available through the CAPE office or by go-
cornell.edu>.                                                       ing to the CAPE Web site.

Encore Cornell                                                      CAPE offers a quarterly newsletter, computer
Cornell University is committed to expanding its                    workshops, related emeriti projects, and volunteer
connection with retirees, both locally and nationally,              opportunities. During the academic year, CAPE
through the Encore Cornell program. The goal of                     hosts a monthly lecture series, computer workshops,
this retiree initiative is to increase Cornell’s respon-            and a monthly roundtable, to name a few. For more
siveness to the diverse range of retiree needs, in-                 information contact CAPE at 431 Day Hall, (607)
cluding partnering with other groups on campus, in                  255-6608, <cape@cornell.edu> and <www.emeri-
the local community, and nationwide to help iden-                   tus.cornell.edu>.
tify resources and opportunities for retiree programs               Other Opportunities to Connect
and services. Encore Cornell has four components:
                                                                    On-campus events and many one-day motorcoach
•  Encore Hire: linking retirees with remote and                    trips provide retirees and their spouses/partners
   local short-/fixed-term employment opportuni-                    continued connection with the Cornell community.
   ties at Cornell that are generally envisioned to                 Retirees are encouraged to get involved in commit-
   last no more than a few weeks.                                   tees and volunteer at events. To hear about upcom-
• Encore Volunteer: connecting retirees, through-                   ing events and trips as they are announced, ask to be
   out the nation, with their surrounding communi-                  added to the events/trips email list by contacting the
   ties through a variety of volunteer opportunities                Employee Outreach Desk at 130 Day Hall, (607)
   run through Cornell and local not-for-profit                     255-7565.
   agencies.
                                                                    Identification Cards
• Encore On-Call: providing a voluntary oppor-
                                                                    Retirees need to obtain an identification card from
   tunity for retirees to share their expertise, upon
                                                                    the University Registrar at B7 Day Hall on or after
   request, with members of the Cornell commu-
                                                                    your retirement date. No appointment is necessary.
   nity.
• Encore and More: providing retirees with web-                     CFCU Community Credit Union
   based information on resources, classes, and                     If you are a member when you retire, you can
   events to help support their continuous personal                 remain a member of the CFCU Community Credit
   growth and development.                                          Union with the same privileges as an active employ-
For information about Encore Cornell, please call                   ee. For more information, call (607) 257-8500.
(607) 255-3976 or e-mail <Encore@cornell.edu>.
                                                                    Retiree Transit and Parking Privileges
Cornell Association of Professors Emeriti (CAPE)                    Call Cornell Commuter and Parking Services at
The Cornell Association of Professors Emeriti                       (607) 255-PARK (607-255-4600) for information
provides professional and social community among                    on transit and parking privileges for retirees.
those who share the experience of being Cornel-
lians. In addition to those granted the title professor             Taking Courses for Credit
emeritus, membership is open to retired librarians,                 Retirees are eligible to enroll in up to six credit
extension associates, other members of Cornell’s                    hours per semester at no charge. You may enroll
professional teaching, research, advising, and ad-                  through Continuing Education and Summer Ses-
                                                           - 10 -
sions in B-20 Day Hall, (607) 255-4987, with the                   Lynah.Rink:.Call (607) 255-3793 for more infor-
permission of the course instructor and a representa-              mation.
tive of Benefit Services. This office can answer any
of your questions about taking classes for credit.                 Robert.Trent.Jones.Golf.Course:.For more infor-
                                                                   mation, call (607) 254-6531.
Cornell’s Adult University offers fabulous on-cam-
pus non-credit summer seminars and workshops,                      Reis.Tennis.Facility:.For more information, call
travel programs in the U.S. and abroad, and on-line                (607) 272-0037 or online at <www.reistenniscenter.
educational programs for Cornell alumni, friends,                  com>.
and families. For information on all CAU programs,                 Helen.Newman.Hall.Bowling.Center:.Cornell
call (607) 255-6260, e-mail <cauinfo@cornell.edu>,                 retirees receive a discount on open bowling rates,
or visit the CAU Web site at <www.sce.cornell.edu/                 and the opportunity to join other retirees for regular
cau>. To register for CyberTower, log on to <http://               bowling. For more information, call (607) 255-
cybertower.cornell.edu>.                                           4200.
For Cornell Plantations adult education, programs,                 Facilities and Events
classes, and workshops, call (607) 254-7430 or go
                                                                   Willard.Straight.Hall,.Appel.Commons,.Noyes.
to <www.cornell.plantations.org>. For School of
                                                                   and.Robert.Purcell.Community.Centers: Retirees
Industrial and Labor Relations workshops call (607)
                                                                   are welcome to use general facilities and programs
255-9298.
                                                                   free of charge, except for some specialized services
Computer Access                                                    which require a membership.
For information on computer access, call the CIT                   Concert.tickets.or.season.tickets.can be purchased
Contact Center at (607) 255-8990 or <helpdesk@                     on-line at <www.cornellconcertseries.com> or call,
cornell.edu>.                                                      Cornell Concert Series, (607) 255-5144 for sub-
                                                                   scriptions or group sales, or (607) 273-4497 and
Libraries
                                                                   (800) 284-8422 for single tickets.
As a Cornell retiree you are entitled to full Cornell
University Library privileges. Your retiree I.D. is                The.Music.Department sponsors many performanc-
your library card. Notices from the library will be                es by individuals, ensembles, and chamber groups,
sent by e-mail to your Cornell NetID unless you                    as well as faculty and student recitals, performances
make other arrangements with the library. You can                  by visiting groups, and various choral organizations
do this at the Public Services Office, 116 Olin Li-                on campus. Contact the Music Department at (607)
brary, by e-mail: <libpublicservices@cornell.edu>,                 255-4097 or <www.music.cornell.edu> for more
or by phone (607) 255-5069.                                        information.

Intercollegiate Athletics and Athletic Facilities                  The.Department.of.Theatre,.Film.and.Dance pres-
Retirees with 25 years of service or emeritus profes-              ents plays throughout the year, which often include
sors are offered two tickets to all athletic contests              guest artists as well as students, faculty, and staff.
except Men’s Ice Hockey and post-season contests.                  For audition information, season and individual
All other retirees with 10 to 24 years of service to               tickets, contact the University Theatre Box Office,
the university continue to be eligible for the same                (607) 254-2700 or <theatre@cornell.edu>. More in-
privileges they enjoyed when they were employed.                   formation can be found at <www.arts.cornell.edu>.
All tickets can be obtained at the Athletic Ticket Of-             Senior citizen tickets may be available.
fice, Bartels Hall, by appearing in person and show-               Cornell.Cinema offers close to 300 different films/
ing a retiree I.D. card. All retirees could be eligible            videos each year. Except for special offerings,
for certain other discounted senior citizen tickets.               tickets for senior citizens are discounted. Contact
Contact the Ticket Office at (607) 255-4247 for                    the box offices, 104 and 106 Willard Straight Hall,
more information. Athletic facilities that continue to             (607) 255-3522. More information can be found at
be available to all retirees are:                                  <www.cinema.cornell.edu>.

                                                          - 11 -
Cornell News                                                    waived initiation fee. Annual membership dues
Many Cornell sources help retirees keep in touch                are listed at <www.cornellclubnyc.com> and dues
with university news, events, and activities. Paw-              may be paid either quarterly or annually. For more
print is published regularly and available at a                 information, please contact Lara Chrisomalis ’02,
variety of campus locations and on line. The Cor-               director of marketing and membership, at (212)
nell Chronicle is available online but you can also             692-1386 or e-mail <l.chrisomalis@cornellclubnyc.
subscribe to their weekly or monthly enews posting.             com>.
Ezra magazine is published quarterly and available
                                                                Wellness Program for Health and Fitness
on online.
                                                                The Cornell University Wellness Program provides
Here are some useful links:                                     retired Cornell employees and their spouses/partners
                                                                with diverse opportunities that foster joy, balance,
•   Cornell Chronicle <http://www.news.cornell.                 and well-being.
    edu>
•   Pawprint: <http://www.pawprint.cornell.edu>                 Wellness.membership: Includes access to all fit-
•   Ezra magazine: <http://ezramagazine.cornell.                ness centers, pools, and group exercise classes such
    edu>                                                        as aerobics, water aerobics, tai chi, and yoga. The
                                                                Cornell Fitness Centers have five fitness center
•   University Events Calendar: <http://cornell.edu/            facilities on the campus, each with state-of-the-art
    events>                                                     equipment, and offer over 60 different group ex-
•   CUinfo: <http://cuinfo.cornell.edu>                         ercise classes each week. Members may schedule
Statler Club                                                    individual sessions, including fitness consultations,
Applications for membership in the Statler Club can             fitness testing, and nutrition counseling. Fee: $175
be obtained by calling (607) 254-2589.                          per year per member. (Emeritus professors: contact
                                                                the Wellness Program directly for additional infor-
The Club offers to its members and a guest the use              mation.)
of the Statler Hotel’s Regent Lounge and an a la
carte private dining room during the hours of 11:00             This membership also includes participating in the
a.m. to 2:00 p.m. during the academic year.                     classes for healthy aging: you and your spouse or
                                                                same-sex partner are eligible. All classes work on
Emeriti faculty are automatically members of the                improving flexibility, core strength, and balance and
Club and do not pay dues. Memberships are also                  are held in Helen Newman Hall weekday mornings.
open to any retired member of the university faculty
or exempt staff member who has been a member in                 For more information, contact the Wellness
good standing of the Statler Club for a period of at            Program office at (607) 255-3886 or visit
least five years.                                               <http://wellness.cornell.edu>.
                                                                Outreach for non-members: The Wellness Program
Cornell Club
                                                                offers classes, lectures, and events free of charge
Retired faculty and staff interested in maintain-               to the Cornell community. Updated schedules are
ing contact with the university should write to the             available at <http://wellness.cornell.edu>.
Alumni Office, 626 Thurston Avenue, Ithaca, New
York 14850, or call (607) 255-2390. The office will
be pleased to provide the name, address and tele-               For More Information
phone number of the current president of the Cor-
                                                                More detailed information concerning any of the
nell Club in the area in which the retired employee
                                                                topics in this brochure can be obtained by contact-
is living.
                                                                ing Benefit Services, Division of Human Resources,
Cornell Club–New York                                           130 Day Hall, (607) 255-3936, or e-mail:
Retired Cornell faculty and staff members are                   <benefits@cornell.edu>. Visit the Web site:
eligible to join The Cornell Club in New York City              <www.hr.cornell.edu>.
at a discounted membership rate, in addition to the
                                                       - 12 -
While every attempt has been made to ensure the
accuracy of this document, the legal documents,
policies, or certificates pertaining to the various
benefits prevail in the event of any discrepancy. This
booklet does not constitute a legal document. The
policies summarized here are subject to change. The
language is not intended to create a contract be-
tween the university and its retired faculty and staff.
The university reserves the right to amend, modify,
or withdraw in its sole discretion any provision
contained herein. Neither this document, nor any
of its terms or provisions, constitute a contractual
obligation by the university. Policies and benefits
for members of collective bargaining units may
differ from those described herein. If you belong to
a collective bargaining unit, refer to the terms and
conditions of your contract for more information.




                                                          - 13 -

								
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