OPERS Board Approves ONe-Year Delay on New REtiree Health Care Plan
Opers Board approves one-year delay on new retiree health care plan
The OPERS Board of Trustees approved a one-year delay in the implementation of a new retiree health care plan adopted last year. This one-year delay applies to all the components of the new plan with a few exceptions.
The following components of the new health care program will NOT be delayed for one year:
- Qualifying service credit: OPERS will apply the new rules for which types of service credit will qualify in 2014.
- Medicare Part B premium reimbursement: OPERS will retain our scheduled reduction of the Medicare Part B reimbursement in 2014.
- Disability 5-year rule: Members who retire under a disability retirement Jan. 1, 2014, or later will be subject to the 5-year limit on access to health care.
- Elected withdrawal: Retirees who voluntarily elect to withdraw from the OPERS health care plan on or after Jan. 1, 2014 cannot re-enroll.
- Minimum earnings: Beginning Jan. 1, 2014, contributing service credit for health care will be accumulated only if the member earns at least $1,000 per month.
Key components being delayed by one year to Jan. 1, 2015:
- New eligibility rules: The new program will require members to have at least 20 years of service and be at least 60 years old to qualify for health care or have 30 years of service at any age.
This means that members have an extra year to decide whether or not to retire under the current eligibility rule of 10 years of service. Members must not be on their employers’ payroll later than Nov. 30, 2014, in order to qualify for OPERS retiree health care with 10 years of service.
- Allowance transition: The new health care plan will base the allowance given to participants for their monthly premiums on age and service. There will be a three-year transition for participants to the new allowance tables.
The delay means that the transition will run from 2015 to 2017. Plan participants and their spouses will retain their current allowance through 2015. In 2016, the difference between the current allowance and the new allowance will be reduced by one third. In 2017, the difference will be reduced by two-thirds. The new allowance will go into effect in 2018.
Key component being delayed one year from Jan. 1, 2015 to Jan. 1, 2016:
- OPERS Medicare Connector: The new health care plan includes a connector model for Medicare-eligible members, in which a licensed professional helps the member choose a plan that can be paid for with the allowance received from OPERS.
OPERS is making these timing changes so that current members and retirees can have more time to prepare. The delay also will allow us more time to educate members and communicate the details of the new retiree health care plan. Please click here to view a video featuring OPERS Health Care Director Marianne Steger sharing the reasons behind these changes.
Please click here to access a summary of the health care plan approved last year and a breakdown of which components are and are not affected by the implementation delay.
Benefit Open Enrollment
The Benefit Open Enrollment period for Non-Bargaining Unit Faculty and Staff began Monday, November 5, 2012 and ends at 4PM on Monday, November 19, 2012. Open Enrollment materials are available at http://www.wright.edu/hr/benefits/index.html.
You are encouraged to carefully review open enrollment materials and attend one of the open enrollment meetings. This week is the final week of meetings for Non-Bargaining Unit Faculty and Staff. The final meetings are Thursday, 11.15.2012 at 10:00 AM & 1:00 PM in the Apollo Room Student Union.
If you are unable to attend one of these meetings, a recorded version of the first Open Enrollment Presentation is available at www.wright.edu/streaming. Scroll down to Video on Demand and select the “News & Information” category, followed by “Open Enrollment Presentation”.
If you have any questions, contact the Department of Human Resources at email@example.com.
Smoking Policy and Health Insurance Refunds
Posted: August 2, 2012
Staff Council (the combined leadership teams of CSAC and USAC) met with Dr. Henry Limouze, Associate Provost for Faculty and Staff Affairs, on August 1 for our monthly meeting. At that meeting, Dr. Limouze was asked what is the status of the smoking policy and the health insurance refund.
At this time, the president's cabinet is reviewing the Board of Regents "tobacco-free campus" proposal and crafting a draft of a policy to be disseminated to faculty,staff, and students for input.
With regards to the health insurance refunds, Wright State is self-insured and so the Division of Business and Fiscal Affairs is examining how this federal regulation will impact Wright State.
Pension Reform Legislation
Posted: September 6, 2012
The bills have effective dates that aren’t necessarily 90 days after the governor’s signature.
SB342, STRS) for example contains a provision that establishes for the bill as a whole, an effective date of January 7, 2013. In addition, it delays for an additional 180 days provisions authorizing the STRS Board to reduce the employee contribution rate to less than 14% for compensation earned on or after July 1, 2017, adjust retirement eligibility requirements, and adjust the COLA. It also delays until July 31, 2014 the repeal of a provision providing for the establishment of retirement incentive plans.
SB341 (SERS) also establishes for the bill as a whole an effective date of January 7, 2013.
SB343 (PERS) does the same thing – establishes for the bill as a whole an effective date of January 7, 2013.
2008 Staff Survey Results
Full survey information can be found here.