» CONTRIBUTION LIMITS UNCHANGED FOR IRAS | Page 7

STAYING HEALTHY THIS HOLIDAY SEASON

Making SenSe of

Health & Wellness, Page 8

For Retired Members of Utah Retirement Systems

Holiday 2013 | Volume 31, No. 3

IGNORE THE HEADLINES, STAY THE COURSE »Tune out current events and stick with a tried-and-true investment and distribution strategy.

Page 6

We’ll show you where to get help, give you some basic pointers, and tell you about a Medicare Supplement exclusively for you.

MeDiCaRe

Pages 3-5

» CREATE A RECORD OF IMpORTANT pApERS AND pROpERTy | Page 2

Holiday 2013 | Volume 31, No. 3

Utah Retirement Systems560 East 200 SouthSalt Lake City, UT 84102-2021www.urs.org

publications@urs.org

11/13/13C

Cycles | Utah Retirement Systems Holiday 2013

Stay up-to-date on your benefits by creating a myURS account. View your pension information, manage your savings plans, access tax documents and URS account statements, and more.Go to www.urs.org or click here to create an account. You'll need your Social Security number and your URS account number. Find your URS account number on your URS statements or call us at 801-366-7770 or 800-695-4877.Once created, access your account at www.urs.org. Enter your URS ID and PIN in the top-right corner. n

one-Stop account access

URS values your privacy. We never sell or otherwise share your private information, including your email and mailing address, to any outside entity.

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Featured Download

URS maintains no responsibility for content or links outside of this document and its direct control.

Among the most appreciated gifts you can leave your family at your passing is information. And order.This handy brochure can help. It gives you a simple, do-it-yourself way to create a record of important papers and valuable property. When properly filled out, this record becomes a detailed locator of financial and legal facts your survivors will need and appreciate n

It’s important — so make a record

Remember when...1930s » This piano style of blues music is criticized as immoral and a threat to the standards of dancing.

1940s » This blue-collar figure becomes the symbol of working women as men are sent off to war.

1950s » Dr. Seuss publishes this children’s book, still popular with little ones today, in 1954.

1960s » A popular comedic recording features this fictional soldier’s tales of life in West Germany during the Cold War.

1970s » This senator is Gerald Ford’s running mate in the 1976 presidential election, won by Jimmy Carter.

1980s » This astronaut becomes the first woman in space in 1983.

Answers: 1930s: Boogie-Woogie | 1940s: Rosie the Riveter | 1950s: The Cat in the Hat 1960s: Mox Nix, G.I. | 1970s: Robert Dole | 1980s: Sally Ride

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Cover Story » Medicare

MeDiCaRe DeSpaiR?Here’s a brief primer on where to go for help, some basic information, and details about a Medicare Supplement for URS members.

I Have Questions — Where Can I Turn?» Call 1‑800‑MeDICaRe (1‑800‑633‑4227)Get general or specific Medicare information and important telephone numbers. TTY users: Call 1-877-486-2048.

» go to www.medicare.gov Get detailed information about the Medicare health and prescription drug plans in your area, find participating healthcare providers and suppliers, get quality of care information, and more.

» Download “Medicare & You” Learn what’s new, find out your Medicare costs, and get information about what Medicare covers.

» Find out about free, personalized SHIP counselingThe State Health Insurance Assistance Program (SHIP) provides free, personalized counseling on Medicare coverage, claims, appeals, and help for people with limited income and resources. Call 1-800-541-7735.

What Does the New Health Insurance Marketplace Mean to Me?

Medicare Open Enrollment: Now Through Dec. 7

Medicare isn’t part of the Marketplace, so you won’t be affected.

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Cycles | Utah Retirement Systems Holiday 2013

Cover Story » Medicare

What’s the Alphabet Soup All About?

What About Preventive Care?

What is Medicare? Medicare is health insurance for the following: ■ People 65 or older ■ People under 65 with certain disabilities ■ People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)

The Different Parts of Medicare The different parts of Medicare help cover specific services:

Medicare Part A (Hospital Insurance)

■ Helps cover inpatient care in hospitals ■ Helps cover skilled nursing facility, hospice, and home health care

Medicare Part B (Medical Insurance)

■ Helps cover doctors’ and other health care providers’ services, outpatient care, durable medical equipment, and home health care ■ Helps cover some preventive services to help maintain your health and to keep certain illnesses from getting worse

Medicare Part C (also known as Medicare Advantage)

Offers health plan options run by Medicare-approved private insurance companies. Medicare Advantage Plans are a way to get the benefits and services covered under Part A and Part B. Most Medicare Advantage Plans cover Medicare prescription drug coverage (Part D). Some Medicare Advantage Plans may include extra benefits for an extra cost.

Medicare Part D (Medicare Prescription Drug Coverage)

■ Helps cover the cost of prescription drugs ■ May help lower your prescription drug costs and help protect against higher costs ■ Run by Medicare-approved private insurance companies

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What is Medicare? Medicare is health insurance for the following: ■ People 65 or older ■ People under 65 with certain disabilities ■ People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)

The Different Parts of Medicare The different parts of Medicare help cover specific services:

Medicare Part A (Hospital Insurance)

■ Helps cover inpatient care in hospitals ■ Helps cover skilled nursing facility, hospice, and home health care

Medicare Part B (Medical Insurance)

■ Helps cover doctors’ and other health care providers’ services, outpatient care, durable medical equipment, and home health care ■ Helps cover some preventive services to help maintain your health and to keep certain illnesses from getting worse

Medicare Part C (also known as Medicare Advantage)

Offers health plan options run by Medicare-approved private insurance companies. Medicare Advantage Plans are a way to get the benefits and services covered under Part A and Part B. Most Medicare Advantage Plans cover Medicare prescription drug coverage (Part D). Some Medicare Advantage Plans may include extra benefits for an extra cost.

Medicare Part D (Medicare Prescription Drug Coverage)

■ Helps cover the cost of prescription drugs ■ May help lower your prescription drug costs and help protect against higher costs ■ Run by Medicare-approved private insurance companies

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H

What is Medicare? Medicare is health insurance for the following: ■ People 65 or older ■ People under 65 with certain disabilities ■ People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)

The Different Parts of Medicare The different parts of Medicare help cover specific services:

Medicare Part A (Hospital Insurance)

■ Helps cover inpatient care in hospitals ■ Helps cover skilled nursing facility, hospice, and home health care

Medicare Part B (Medical Insurance)

■ Helps cover doctors’ and other health care providers’ services, outpatient care, durable medical equipment, and home health care ■ Helps cover some preventive services to help maintain your health and to keep certain illnesses from getting worse

Medicare Part C (also known as Medicare Advantage)

Offers health plan options run by Medicare-approved private insurance companies. Medicare Advantage Plans are a way to get the benefits and services covered under Part A and Part B. Most Medicare Advantage Plans cover Medicare prescription drug coverage (Part D). Some Medicare Advantage Plans may include extra benefits for an extra cost.

Medicare Part D (Medicare Prescription Drug Coverage)

■ Helps cover the cost of prescription drugs ■ May help lower your prescription drug costs and help protect against higher costs ■ Run by Medicare-approved private insurance companies

H

H

What is Medicare? Medicare is health insurance for the following: ■ People 65 or older ■ People under 65 with certain disabilities ■ People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant)

The Different Parts of Medicare The different parts of Medicare help cover specific services:

Medicare Part A (Hospital Insurance)

■ Helps cover inpatient care in hospitals ■ Helps cover skilled nursing facility, hospice, and home health care

Medicare Part B (Medical Insurance)

■ Helps cover doctors’ and other health care providers’ services, outpatient care, durable medical equipment, and home health care ■ Helps cover some preventive services to help maintain your health and to keep certain illnesses from getting worse

Medicare Part C (also known as Medicare Advantage)

Offers health plan options run by Medicare-approved private insurance companies. Medicare Advantage Plans are a way to get the benefits and services covered under Part A and Part B. Most Medicare Advantage Plans cover Medicare prescription drug coverage (Part D). Some Medicare Advantage Plans may include extra benefits for an extra cost.

Medicare Part D (Medicare Prescription Drug Coverage)

■ Helps cover the cost of prescription drugs ■ May help lower your prescription drug costs and help protect against higher costs ■ Run by Medicare-approved private insurance companies

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Different parts of Medicare help cover specific services.

Medicare Part B covers a variety of preventive and screening services, from flu shots, to mammograms, to depression screenings. See complete list. Also, you get an introductory “Welcome to Medicare” visit only within the first 12 months you have Part B. This visit includes a review of your medical and social history related to your health as well as education and counseling about preventive services, including certain screenings, shots, and referrals for other care, if needed.

Hospital Insurance » Helps cover inpatient stays in hospitals, skilled nursing facilities, hospice, and home healthcare.

Medical Insurance » Helps cover doctors’ services, outpatient care, durable medical equipment, and preventive services.

Medicare advantage » Offers health plan options run by Medicare-approved companies. May include extra benefits. See Page 5.

Medicare Prescription Drug Coverage » Helps cover the cost of prescription drugs.

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Cover Story » Medicare

peHp MeDiCaRe SuppleMentPeHP’s Medicare Supplement Plans give you additional coverage for the medical and pharmacy costs Medicare doesn’t cover. Three supplement medical plans and three pharmacy plans are available. Enroll in just a medical plan, just a pharmacy plan, or both. Learn more.

Am I Eligible?

What Are the Advantages?

What Does It Cost?

How Do I Learn More?

How Do I Enroll?

If you’ve ever been a URS member or married to someone who was, you can get PEHP Medicare Supplement when you are eligible for Medicare.

To enroll in a medical plan, you must be enrolled in Medicare Part A and Part B. To enroll in a pharmacy plan, you must be enrolled in either Medicare Part A or Part B. Complete this form and mail to:

PEHPEnrollment Department560 East 200 SouthSalt Lake City, UT84102-2004

We must receive your form by December 7.

» Your premium won’t increase based on your age.

» Monthly premiums can be deducted from your URS retirement check.

» Coverage out-of-state and out-of-country.

» Discounted dental benefits.

» Discounts on healthy lifestyle products and services (www.pehp.org/plus).

» Options for every budget. Choose from three medical plans and three prescription drug plans.

Call peHp 801-366-7555 or 800-765-7347

DoWnloaD»2014 Open Enrollment Guide

»2014 Benefits Summary

Plan Choice Monthly Cost

Basic Prescription Drug Plan $30 per person

Basic Plus Prescription Drug Plan $42 per person

enhanced Prescription Drug Plan $99 per person

Medicare Supplement Medical Plan 100 $139 per person

Medicare Supplement Medical Plan 75 $104 per person

Medicare Supplement Medical Plan 50 $81 per person

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Retirement Savings Plans

We’ve heard all kinds of frightening news lately – recessions, fiscal cliffs, government shutdowns, political unrest overseas. It makes you want to hide yourself and your money under the bed.How about some good news? Here it is: Money invested in the broad stock market for the last three years has earned more than 16% per year — despite the bad news!

Long-term HorizonThe purpose of a retirement savings plan is to grow and be used over your lifetime. This gives you the benefit of a long-term investment horizon, allowing you to ignore the immediate noise created in the news. It also allows time and the strength of the U.S. financial system to work in your favor.

Let’s look back a lifetime, say 87 years, to 1926. Since then we have seen depressions, recessions, wars, oil embargos, Republican presidents, and Democrat presidents. Over that same period, however, we have experienced a boom in technology, transportation, health sciences, and the availability of energy. Looking at the performance of the stock market, the broad market has returned about 9% annualized returns over that period — despite the ups and downs.

Withdrawal StrategiesOne of the mistakes we make is to panic and pull the money out of our accounts too quickly — when we may not even need it — because we’re afraid of current events. It’s better to plan systematic withdrawals from our accounts, taking into consideration how much we currently need, how long we want it to last, and the tax impact the withdrawals will have on our income.URS can help you with your distribution strategy.

See STRATEGY, Page 7

ignore Scary Headlines, Stick to a proven StrategyBad news comes and goes. The market goes up

and down. The best thing you can do as an investor?

Tune out the noise and stay with your plan.

Turn a Buck Into $3,530

$10,000

$1,000

$100

$10

$1

$01926 2012

Source: Standard & Poor’s Index Services Group

$3,530Growth of $1 in the S&P 500 in a lifetime.

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STRATEGY for systematic withdrawalsContinued from Page 6

Periodic distributions are safely combined with your retirement benefit payment (if you are receiving one), and can be taken monthly, quarterly, semi-annually, or annually.

You can instruct us to base your payments on a fixed amount, an expected rate of return, or a specified number of years. Or you can simply receive your over 70 ½ required minimum distribution.

By establishing regular payments, you can evenly spread your income throughout your retirement

years.

Use An Appropriate Investment Allocation

Your investment strategies should take into consideration how much longer you will leave the money invested, and how much volatility you can manage. For example, if you have a specific amount of money you must withdraw during the coming 12 months, you probably shouldn’t take a lot of market risk with that money. You could put it in the Income Fund, our most conservative investment option. However, when you are slowly withdrawing your funds, you can take some volatility off the table and still have higher earnings potential by investing in the Medium Horizon Fund or Short Horizon Fund. n

Viewpoint | Utah Retirement Systems Holiday 2012 Cycles | Utah Retirement Systems Holiday 2013

Retirement Savings Plans

The 2014 IRA contribution limit for the traditional and Roth IRAs remains unchanged at $5,500 (combined), with an additional age 50 catch-up provision of $1,000. And remember, as a retiree, you can still contribute to an IRA as long as you have earned income (wages) or income from self employment (you must be under 70½ to contribute to a traditional IRA). Social Security or income from your retirement plans is not considered earned income. If you don’t currently have an IRA, you can enroll online at myURS or fill out a URS IRA Enrollment Contract. You can put money in an IRA after the end of the calendar year. A 2013 contribution can be received until April 15, 2014. n

Contribution limits for IRAs unchanged

2014 LimitsThe 2014 contribution limit for both the traditional and Roth IRAs is $5,500 (combined), with an additional age 50 catch-up provision of $1,000.

All Bad News? Not at All!Money invested in the broad stock market for the last three years has earned more than 16% per year — despite news about government shutdowns, recessions, tapering, and the like. Returns for the URS Large Cap Index Fund are below.

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Health & Wellness

The holidays are a time when calorie-laden goodies and cooler weather may tempt us away from sensible eating and consistent exercise. Here are some tips for keeping health in the forefront this holiday season.Take advantage of local events that focus on seasonal wellness – such as annual holiday road races and walks. For example, the Capitol Holidaython on November 30 is a 5K run/walk that starts at the steps of the Utah State Capitol Building. The Jinglebell Run/Walk for Arthritis 5K run/walk on December 7 starts at the Gateway mall in Salt Lake City. Find more.Register yourself and others for a memorable holiday experience that will keep you motivated to stay in shape throughout the season.Consider starting your own holiday ritual — take your family on a hike or play a sport. Try hiking Angels Landing in Zion’s National Park on Thanksgiving Day – a

great way to earn that holiday meal!When writing your gift list this year – think “health for the holidays.” Consider the receivers and what activities may suit them, health conditions they may have, and, most of all, what they enjoy. Spend your time, rather than your dollars, and exercise together. Besides physical activities, there are also health-related gifts to wrap and share. Here are a few ideas: Quality ear buds » For those active outside or in the gym, listening to music is essential.

Digital Food Scale » A perfect item for portion control.Bike Light & Horn » Be seen and heard while cycling on the road — safety first!Fruit of the Month » A variety of companies ship quality, in-season produce right to your door.eco‑Friendly Water Bottle » Reduce plastic waste by giving a reusable, durable bottle.Wii Technology » Games and exercise programs are available for all ages and physical abilities. n

Make the Holidays Healthful

Celebrate Smart Helpful Tips for Healthy Holiday Parties

Cold weather doesn’t mean you need to stop exercising outdoors. Why not try something new, like cross-country skiing? It’s a great, low-impact, total-body workout that’s easy to learn and can torch some serious calories. And, fortunately for us, Utah has some of the best cross-country skiing tracks in the county.

» Find places in Utah to Cross-Country Ski

Try a New Fitness Activity This Season