Docstoc

UNM RETIREES BENEFITS - Download as DOC

Document Sample
UNM RETIREES BENEFITS - Download as DOC Powered By Docstoc
					                                              UNM RETIREES BENEFITS

   Below is a list and description of the UNM Benefits currently available to retirees. Please refer to the contact
   information for each benefit or the UNM Benefits office at 277-MYHR for additional information. Please note
   that some benefits may be taxable.

   All retirees must have an updated Retiree Lobo card if they want to utilize the full range of benefits available. If
   the retiree Lobo card does not have a swipe on the back, some benefits may not be accessible. To get an updated
   card, bring the old Lobo card to the Lobo Card Office and it will be replaced free of charge. The Lobo Card
   office is located on the plaza level of the Student Union (SUB) building.

   RETIREE                                 DESCRIPTION OF BENEFIT                                  CONTACT INFORMATION
   BENEFIT
ERB Retirement Pension   Defined Benefit Plan where the retirement benefit is calculated         ERB Office (505-888-1560
Plan                     based on years of service, salary, and age*:
                                                                                                 UNM Benefits Office (277-6947)
                                 “Rule of 75”= Age +Earned Service Credits OR
                                 “25 and out”= Earned Service Credits and/or
                                  allowed service totals 25 years OR
                                 Age of 65= at least 65 with at least 5 years of service

                         *Subject to reduction if under the age of 60 and accumulated earned
                         service is less than 25 years

Alternative Retirement   Defined Contribution Plan available to select UNM Faculty and
Plan                     Professional titles* where the retirement benefit is calculated based
                         on contributions made into the program.                                 UNM Benefits Office (277-6947)
TIAA-CREF
VALIC                    *Contact the UNM HR office a complete list of eligible titles

Medical Insurance        Available to retirees who satisfy the following criteria:
                              Can provide proof of coverage by a local group health
                                 insurance policy for at least four of the last five years
LOVELACE                         before retirement.
                              Have completed a minimum of 5 consecutive years of                UNM Benefits Office (277-6947)
PRESBYSTERIAN                    service with UNM immediately prior to retirement.
                              Were enrolled in one of the UNM Healthcare plans for the
AARP                             last 12 months of employment.
                              Must be on the payroll at time of retirement.

                         UNM pays 43% of premium cost at age 65, based on plan selected
                         by retiree and spouse*

                         Under 65: Same insurance program as active employee-no change in
                                   premium payment

                         Over 65: Must select a Senior plan from a choice of Lovelace,
                         Presbyterian, or AARP
                         Will be reviewed on an annual basis and may be subject to change.

                         *For Spouses who participated in a retiree’s coverage and the retiree
                         predeceases the spouse, UNM will continue to pay the same
                         premium rates that applied at the time of the retiree’s death for one
                         year after the death of UNM Retiree. Thereafter the Widow pays
                         100% of the premium.


                                                                   1
Dental Insurance     Available to retirees who satisfy the following criteria:               UNM Benefits Office (277-6947)
                          Can provide proof of coverage by a local group health
                             insurance policy for at least four of the last five years
DELTA DENTAL                 before retirement.
                          Have completed a minimum of 5 consecutive years of
                             service with UNM.
                          Were enrolled in one of the UNM Dental plans for the last
                             12 months of employment



                     UNM pays 43% of a slightly higher premium cost, based on plan
                     selected by retiree and spouse

                     *For Spouses who participated in a retiree’s coverage and the retiree
                     predeceases the spouse, UNM will continue to pay the same
                     premium rates that applied at the time of the retiree’s death for one
                     year after the death of UNM Retiree. Thereafter the Widow pays
                     100% of the premium

Life Insurance       Available to retirees who satisfy the following criteria:               UNM Benefits Office (277-6947)
                          Were enrolled in the life insurance plan at least 12 months
                             prior to retirement
CIGNA                     Meet the eligibility guidelines for an ERB or ARP
                             retirement benefit

                     Under 65: Same level as coverage you had as an active
                               Employee

                     At/Over 65: Coverage decreases to a $4000.00 benefit Additional
                     insurance available if elected prior to turning 65 for an additional
                     cost. Contact the UNM Benefits office for details.

                     Spousal/Dependent Coverage: Spousal and dependent life insurance
                     coverage terminates at retirement

Long-Term Care       $2000.00 of monthly coverage for 3 years. Available to retirees who     UNM Benefits Office (277-6947)
Insurance            satisfy the following criteria:
                           Were enrolled as of the time of retirement.
UNUM                       Worked full time (1.0 FTE)

                         Premiums must be paid 100% by the retiree upon retirement

Athletic Events      50% Discount on the cost of season tickets for retiree and spouse*:     UNM Athletic Ticket Office (925-
Discounted Tickets             NM football season                                           5626)
                               Men’s and women’s basketball season tickets
                     Limited to two tickets.

                     *Widows eligible for benefit.




                                                                2
Popejoy Hall Ovation     50% Discount on the cost of season tickets of shows identified by          Popejoy Hall ( 277-4569)
Series Discounted        Popejoy as Ovation Series*
Tickets                  Limited to two tickets.

                         *Widows eligible for benefit.
UNM Fine Arts College    10% Discount on event tickets for retirees and spouse.                     Fine Arts Box Office (277-4569)
sponsored events.
Durango Mountain         Coupons for discounted tickets are available at UNM Benefits office.       UNM Benefits Office (277-6947)
Resort Ski Tickets
Disney Land                      Enrollment in the Disney Club for a year of discounted            UNM Benefits Office (277-6947)
                                  rates
                               One-time discounted tickets
Cliffs Amusement Park    Coupons for discounted tickets are available at UNM Benefits office.       UNM Benefits Office (277-6947)
                         UNM Retirees are eligible for a yearly vehicle parking permit at
                         a reduced rate* allowing parking in any space not designated for
Campus Parking           handicapped or in a metered or restricted space. A restricted space is     Parking & Transportation Services
                         defined as a fire zone (red curbs), safety zone (yellow curbs), official   (277-1938)
                         vehicle zones, service vehicle zones, loading zones and reserved
                         parking spaces.

                         *Parking fee is capped at a rate of $129 until the 2010-2011 year.

                         **Vehicles displaying a handicapped placard may park in any space
                         without payment, except for restricted spaces.
On-Campus Office space   Emeritus retired faculty may be provided office space in their             Various Departmental offices
                         respective departments, depending availability.
UNM Bookstore            20% discount on General Books ONLY with the presentation of a              UNM Bookstore (277-5451)
Purchase                 Lobo Retiree card*.

                         *Previously discounted merchandise excluded.
UNM Tuition Remission    Covers the cost of tuition for an unlimited number of courses,             Continuing Education (277-2527)
                         including Continuing Education courses.

                         Continuing Education courses-Retirees must present the Lobo
                         Retiree Card at the time of signup/registration. Restrictions include:
                              Same-Day Field Trips-covered to a maximum cost of
                                  $65.00.
                              Overnight trips-The average cost of the instructional
                                  portion of the program will be covered under tuition
                                  remission to a maximum amount of $50. Participant pays
                                  additional costs of the trip such as lodging, meals, etc.
                              International trips-If trip is offered for academic credit, the
                                  academic credit portion will be itemized and covered under
                                  tuition remission

                         Spouse/Domestic Partner-If the retiree does not use any portion of
                         the tuition remission benefit, the spouse or domestic partner may
                         take ONE academic credit course per semester, not to exceed four
                         credit hours. Spouses are not eligible for Continuing Education
                         courses.

                         Dependent Education-Dependents may continue on the Dependent
                         Education program if the dependent was enrolled at the time of
                         retirement. Dependents are eligible for a total of 8 semesters

                                                                    3
                          including all semesters before and after the retirement date of the
                          retiree.

                          Custom Training-Some custom-training services are available,
                          including “one-on-one” instruction. Contact custom training
                          consultant at 277-6034


CNM Emeritus Academy      UNM Retirees may enroll. CNM Emeritus Academy offers many              Emeritus Academy
                          short-term, non-credit workshops in a variety of subject areas.        (224-5526)

UNM Alumni                Retirees may participate in Alumni Association travel.                 Alumni Office (277-5808)
Association Sponsored
Travel
Exercise Facilities       Retirees may use swimming, gym, weight room, handball,                 Leisure Services (277-4347)
                          racquetball, tennis, equipment rental, and jogging paths on the
                          campus and participate in UNM organized group activities. Lockers
                          may be rented on an available basis.
Community Fitness         Retirees may obtain a free or discounted membership at Defined         UNM Benefits Office (277-6947)
Center Membership         Fitness and NM Sports and Wellness facilities. Check your insurance
                          for covered memberships.
Legal Services            Retirees may access the College of Law Clinical Law Program, if        College of Law (277-6236)
                          certain financial guidelines are met.
Library Services          UNM Retirees maintain all library privileges. Present your Lobo        Libraries (277-2003)
                          Card with “Banner I.D. Number.”

                          For access to “on-line” services, access must be made from on-
                          campus or branch locations.
Computer Services         Retirees may use the ITS computer facilities including access to the   ITS
                          network and e-mail. Must have a user account.                           (277-8140)
Museum Stores             Retirees receive a 10% discount on all Maxwell Museum gift shop        Maxwell Museum (277-4405)
                          purchases.

UNM Recreational          Retirees get access to all programs at the same cost as an active      UNM Recreational Services (277-
Services                  UNM employee.                                                          3739)
Faculty-Staff Directory   Retirees may have name listed in Faculty-Staff Directory.              CIRT (277-8140)

UNM EHPP (Employee        $40.00 per semester-classes only*.                                     UNM EHPP (277-4460)
Health Promotion
Program)                  *Does not include Locker Rental at Johnson Gym

                          Emeritus Faculty may have reserved seats at Commencement and,
Commencement              with appropriate dress, may be seated with faculty.                    Various Departments

                                                                                                 Student Health Center
Student Health Center     Flu and Travel immunizations are available for a fee                      (277-3136)

Counseling, Assistance
and Referral Services     Three free counseling sessions are available on request.               UNM Benefits Office (277-6947)
    (CARS)
UNM Golf Courses          Discounts for faculty and staff and for seniors over 60.               UNM Benefits Office (277-6947)

UNM Today                 Campus News Available online at:
                          www.unm.edu/news/UNMToday/Issues.htm



                                                                    4
Faculty-Staff Club          Retirees are eligible for membership for a fee.                          Faculty-Staff Club (277-0045)

UNM Press                   20% discount for books at the UNM Press.                                 UNM Press (277-5920)

UNM Retiree                                                                                          (277-2337)
Association                 Retirees are eligible for membership and may participate in all          retassoc.unm.edu (website)
                            programs sponsored by the Association. Dues are $15 for retiree, $5      retassoc@unm.edu (email)
                            for retiree spouse or $20 for two retiree household.



                            Discounted Membership fees available with a Lobo Card. Non-
                            UNM membership fees are shown in parentheses.

                            A. Family Membership          Available to 2 adults and all unmarried
                            children under 21 living at home.
                                                           Monthly Dues: $52 ($62)
                                                           Annual Dues: $90 ($115)

                            B. Couples Membership: Available to 2 adults living in same
                            domicile.
                                                     Monthly Dues: $47 ($54)
                                                     Annual Dues: $78 ($105)

UNM Lobo Tennis Club        C. Individual Membership: Available to an individual over 18.
                                                       Monthly Dues $37 ($42)                        Contact: Kathy Kolankiewicz
                                                       Annual Dues $63 ($78)                                  (925-5780)




   Benefits will be reviewed periodically and may be subject to change. Please refer to the contact numbers listed for questions.




                                                                      5

				
DOCUMENT INFO