Highlights of Faculty Task Force Recommendations : Benefits
- Provide health-benefits coverage for domestic partners and their children.
- Provide greatly enhanced, no-deductible HMO provisions without all the restrictions
- Add coverage for pre-existing conditions, women's health care (OB GYN), birth control, well-child care, routine physical exams, immunizations, hearing and eye exams, physical therapy, occupational therapy, respiratory therapy, radiation therapy, speech therapy, and affordable emergency room service, including emergency medical transportation service.
- Add a two-tier prescription drug plan, choice of drugs being at your doctorís discretion.
- Differentiate premium levels by size of family.
- No-cost dental and vision plan covering routine cleaning, checkups, and eye exams.
- Lock in the current rate of contribution to the Optional Retirement Plan at a minimum 10.43% to ensure predictability.
- Permit ORP participants to purchase an annuity, receive their accumulations as a lump sum, as a fixed number of payments, or according to any other distribution method provided by their annuity company.
- No-cost term life insurance for twice the faculty member's annual salary.
- Create an ìIncentive Retirement Accountî placing accrued sick leave and annual leave in a pretax account to use upon retirement for continuing health insurance premiums.
- Permit retired faculty option of remaining in the universityís health insurance plans.
- Provide option of a group legal services plan.
- Provide tuition benefits for faculty and their families.
- Guarantee pre-tax payroll deductions for parking benefits.
