Salary and Benefits Easy as...
Transcript of Salary and Benefits Easy as...
Salary and Benefits Easy as XYZ
Jonathan R. Hiatt Professor of Surgery Vice Dean for Faculty
Camille Carr Benefits Counselor
Campus Human Resources
http://www.ucop.edu/acadpersonnel/apm/welcome.html
Today’s Topics
Structure of salary composition
How it is negotiated
What the paycheck reflects
Benefits
Retirement
Salary
X + X’ + Y = Total Negotiated Salary (TNS)
Salary
X + X’ + Y = Total Negotiated Salary (TNS)
Monthly paycheck is 1/12 of TNS
Salary - X
X + X’ + Y = Total Negotiated Salary (TNS)
X determined by step and rank
Set by the University
Tables found on websites
http://www.ucop.edu/acadpersonnel/1112/
Salary – X’
X + X’ + Y = Total Negotiated Salary (TNS)
X’ is the retirement factor
APU (Academic Personnel Unit) – Dept./Div.
Scale 1 to 8 = retirement at 110% to 180% of X
X + X’ = base salary, covered compensation for retirement purposes
Salary - Y
X + X’ + Y = Total Negotiated Salary (TNS)
Y is the delta
From activities: grants, clinical earnings
In Research series, Y may be the X’
Salary - Z
Mostly for clinical faculty Contribution beyond primary responsibility Usually paid every 2-3 mos as a check after
departmental taxes Set by Divisional and Dept. Bylaws In Medicine, based on RVUs Taxation on Z lower than on Y Fixed Z: paid by dept. for a particular job
Retirement
(X + X’) x (Yrs. of service) x (Age factor)
Age factor 2-2.5, maxes at age 60
Vested at 5 yrs of service
Vested in health at 20 yrs of service
http://atyourservice.ucop.edu/employees/retirement_savings/ucrp.html
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UC Benefits Review for
Health Sciences Faculty
October 18, 2012
CCARR/PWRPOINT/Health Sciences Faculty 10-2012.PPT
UCLA BENEFITS COUNSELORS
Name Email Extension Client by Alphabet:
Camille Carr [email protected] x40847 A-J Robert Larriva [email protected] x40837 K-Z
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Location: 10920 Wilshire Blvd. #200; Mailcode: 146548
NEXT 30 MINUTES…
UC Health & Welfare Plans University of California
Retirement Plan (UCRP) Current Tier
Retiree Health Plans G1, G2 and G3
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UC HEALTH & WELFARE PLANS
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UC HEALTH PLANS Medical Plans
PPOs: Co-Insurance with Deductible Payments Anthem BC PPO^ ($250 deductible, 80%/20%* co-insurance) Anthem Lumenos PPO with HRA ($1,700 deductible,
80%/20%* co-insurance, $1,000 HRA) Core ($3,000 deductible, 80%/20%* co-insurance)
POS: Anthem BC Plus^: Co-Pay/Co-Insurance Method Hybrid HMO with PPO Options ($20 co-pays in network; $500
deductible, 70%/30%* co-insurance out-of-network) HMO^s: Co-Payment Plans
Health Net ($20 office visit, $250 hospital, $50 ER) HN Blue & Gold ($20 office visit, $250 hospital, $50 ER) Kaiser ($20 office visit, $250 hospital, $50 ER)
PIE / HIPAA / Open Enrollment Subsidy based on Salary Bands ^ Plans have co-payment structure for Rx *Anthem contracted rates Beware of balance billing
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UC HEALTH PLANS Dental Plans
Delta PPO (Co-Insurance with Deductible) $1,500 year annual benefit
2x/year Prophylaxis, 1x/year Bite wing x-rays $50 Deductible, co-insurance: 75%/25% minor, 50% major
Delta Care (Co-Payment Plan) No annual benefit
PIE / Open Enrollment No Employee Premium
Vision Plan VSP (Choice Network)
$10 co-pay exam, $25 co-pay on materials 1x/year Lenses (contacts or single/bi/tri focals) 1x/other year Frames ($130 benefit, $70 benefit @ Costco)
PIE / Open Enrollment No Employee Premium
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UC WELFARE PLANS Life Insurance (cost based on age and salary)
UC Paid ● 1x annual salary up to $50,000 Employee Paid: Supplemental Chose between flat $20,000, 1x, 2x, 3x, or 4x annual
salary PIE / Statement of Health
Employee Paid Dependent Life 50% of Employee Paid Supplemental Amount PIE / Statement of Health
Accidental Death & Dismemberment $5,000 to $500,000 coverage levels Self, Self and Spouse, Self and Child(ren), Family Enroll anytime; subject to pay compute deadlines
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UC WELFARE PLANS Legal Insurance (ARAG)
Flat Monthly Premium PIE / selective Open Enrollment
Disability Insurance UC Paid ● Short Term (55% up to $800/mo. up to 26 weeks) ● Automatic – commences with appointment ● Assumes the same wait period as Employee Paid plan Employee Paid (7-day, 30-day, 90-day, and 180-day) Employee cost based on waiting period, age & salary Short Term (70% up to $10,000/mo. up to 12 months) Long Term
70% up to $10,000/mo. If offset by other sources 50% up to $10,000/mo. If not offset by other sources $100 minimum monthly payment if other sources >70%
PIE / Statement of Health
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UC WELFARE PLANS – FSAS
Pretax employee contributions
Use for Health (M/D/V) expenses that exceed insurance limitations, co-pays / insurances, eligible medical supplies, chiropractic / acupuncture
Convenient debit card $2,500/year max. 2013
Pretax employee contributions
Use for day care expenses for dependents [child(ren), parents, spouse(s)] that allow you/spouse to work or go to school
$5,000 annual household maximum ($2,500 if married and filing a separate tax return)
Health Care Dep Care
21 “Use it or lose it” UC annually files for extension to March 15th Requires Positive Re-enrollment during the annual Open Enrollment
UC WELFARE PLANS WORK LIFE BENEFITS Stay Well (Premium paid by UC)
Wellness initiation program Incentive: $100/employee, $50/spouse-d.p. Deadlines:
June 15, 2012 – Health Assessment December 15, 2012 – Follow-up Activity
SelectPlus (formerly Sittercity, premium paid by UC) Provider service website
Nannies, babysitters, eldercare, pets (walkers/care), tutors and housekeepers
Participant responsible for all hiring arrangements and payments for services
www.sittercity.com/universityofcalifornia www.selectplus.com/universityofcalifornia
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UC HEALTH PLANS 2013 Changes
Health Net / Kaiser / Anthem Plus +$5 co-payments* OP Surgery co-payment $100 +$25 ER co-payment
All Anthem Plans Out-of-Network Ambulatory Surgical Center limit of $350
(still requires prior authorization)
Prescription Drug Plans +$5 co-payments on Retail rx brand and non-formulary +$10 co-payments on Mail rx brand and non-formulary
Supplemental Disability Monthly benefit maximum raised to $15,000 (70% of $21,429)
*Including Optum formerly UBH (Behavioral Health) co-payments
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2012 Open Enrollment
October 29th
8:30am – November 20th 5:00pm
January 1, 2013 effective date
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University of California
Retirement Plan (UCRP)
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UCRP – 1976 TIER 5 full service years to vest Requires contributions (7/1/2012): Employee: 5% - $19/month University: 10%
Defined Benefit Plan Service credit x age factor x [HAPC - $133] = BRI
Service Credit Excludes: Student titles, WOS, BYA, LWOP
Age 50 is earliest retirement age Age factor assigned at retirement age
1.1% age 50 2.5% age 60 .14% incremental increase between 50 and 60
HAPC is highest average 36-consecutive month plan compensation (x plus APU scale) Reduce by $133 for Social Security coordinated members
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UCRP AGE FACTORS
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UCRP COVERED COMPENSATION
HAPC Eligible HAPC Not Eligible X = Base Salary
–FTE for Part-time appointments
–Step Salary; Above & Off Scale
Y
Negotiated Additional Compensation
Health Science Scale attached to Academic Programmatic Unit
Z
Incentive/Bonus Compensation
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UCRP COVERED COMPENSATION LIMIT
UCRP Entry Date Before 7-1-94 7-1-94 & later
7-1-12 $375,000 $250,000 7-1-11 $360,000 $245,000 7-1-10 $360,000 $245,000 HAPC $30,416.67 $20,555.55
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SAMPLE PAY STUB PAY TYPE TITLE PAY RATE TIME GROSS TEMP-B-11MON. Asst Prof-MEDCOMP 12.590.00 .4461% 5,616.40 HS-TEMP-.3-T- Asst Prof-MEDCOMP 12.590.00 .1337% 1,683.28 HS-TEMP->.3-T Asst Prof-MEDCOMP 12.590.00 .2230% 2,807.57 TEMP-DELTA-N Asst Prof-MEDCOMP 12.590.00 .1176% 1,480.58 TEMP-DELTA-N Asst Prof-MEDCOMP 12.590.00 .0796% 1,002.16
* TOTAL EARNINGS * 12.590.00 DEDUCTIONS COVERAGE AMOUNT TAX-SHELTERED YEAR… ANTHEM BC PPO SELF 125.62 125.62 HEALTH FSA 18.00 18.00 PARK REG PRT 68.00 68.00 612.00 UCRP 486.36 486.36 4,377.24 MEDICARE 179.48 1,615.32
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See handout of sample pay stub
UNIVERSITY OF CALIFORNIA - LOS ANGELES Payroll Office, 10920 Wilshire Blvd., Suite 620, Los Angeles, CA 90024
IMPORTANT: PLEASE VERIFY ALL INFORMAITON CONTAINED IN THIS STATEMENT AND NOTIFY YOUR DEPARTMENT OF ANY ERRORS. RETAIN THIS STATEMENT AS A RECORD OF EARNINGS AND DEDUTIONS FROM THE UNIVERSITY.
EARNINGS STATEMENT ADDRESS: 3610
JOSEPH BRUIN
200 WILSHIRE CENTER
146548
NET EARNINGS OF $8,151.64 WILL BE AVAILABLE AS OF 08/31/12 AT YOUR BANK
EMPLOYEE ID NUMBER: 123456789 FEDERAL WITHHOLDING: SINGLE 002 ALLOWANCES XXX-XX-0000 STATE WITHHOLDING: SINGLE 001 ALLOWANCES HOME DEPARTMENT NUMBER: 361000 STATE ITEMIZED: 000 ALLOWANCES
FEDERAL CALIFORNIA STATE TOTAL NET GROSS EARNINGS TAXABLE EARNINGS TAXABLE EARNINGS DEDUCTIONS EARNINGS
CURRENT $12.590.00 $11,892.01 $11,892.01 $4,185.49 $8,151.64 YEAR TO DATE $113,310.00 $107,028.09 $107,028.09 PAY TYPE TITLE PAY RATE TIME GROSS PERIOD END DATE TEMP-B-11MON. Asst Prof-MEDCOMP 12.590.00 .4461% 5,616.40 08/31/12 HS-TEMP-.3-T- Asst Prof-MEDCOMP 12.590.00 .1337% 1,683.28 08/31/12 HS-TEMP->.3-T Asst Prof-MEDCOMP 12.590.00 .2230% 2,807.57 08/31/12 TEMP-DELTA-N Asst Prof-MEDCOMP 12.590.00 .1176% 1,480.58 08/31/12 TEMP-DELTA-N Asst Prof-MEDCOMP 12.590.00 .0796% 1,002.16 08/31/12 * TOTAL EARNINGS * 12.590.00
DEDUCTIONS COVERAGE AMOUNT TAX-SHELTERED YEAR-TO-DATE SICK VACATION COMP ANTHEM BC PPO SELF 125.62 125.62 BEGIN 0.00 192.00 .00 HEALTH FSA 18.00 18.00 PARK REG PRT 68.00 68.00 612.00 ACCRUED 0.00 16.00 .00 UCRP 486.36 486.36 4,377.24 MEDICARE 179.48 1,615.32 TAKEN 0.00 24.00 .00 FEDERAL TAX 2,557.32 23,015.88 CA STATE TAX 959.43 8,634.87 FINAL 0.00 184.00 .00 SUPPL DIS 180 DAY WAIT 11.12 100.08 ARAG LEGAL SELF 10.02 90.18 UNIV REC CARD 23.00 207.00 OASDI 4,624.20 * TOTALS * $4,438.35 $697.98 UC CONTRIBUTIONS ANTHM PPO CT SELF 466.94 DDENTAL CON SELF 43.96 VISION PLAN SELF 11.76 * TOTALS * $522.66
UCRP – 1976 TIER
Defined Benefit Plan Service credit x age factor = Benefit % Benefit % x [HAPC - $133] = BRI
(Basic Retirement Benefit)
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UCRP – 1976 TIER
Monthly Retirement Income (MRI) Retiree Health Insurance Survivor Benefits Payment Options (Contingent Annuitant) Cost of Living Adjustments $7,500 Death Payment
Or Lump Sum Cashout (LSC)
Forfeit all future UCRP benefits
Or Refund of Accumulations Forfeit the Monthly Retirement Income / LSC 33
RETIREE HEALTH BENEFITS
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• You must elect a monthly benefit • Your health insurance must be current • You must retire (start payments) within
120 calendar days of the date your UC employment ends to continue your medical, dental and legal plans, if eligible.
• If you do not continue your medical, dental and/or legal plans when you retire, you will not be eligible to enroll in these plans at any time in the future.
RETIREE HEALTH BENEFITS G1
UCRP entry date pre 1/1/1990 Retire at age 50 – 54 with 10 years or more UCRP Retire at age 55 or older with 5 years or more UCRP
G2 UCRP entry date or rehire date 1/1/1990 or later Retire at age 50 or older:
10 years of service credit, 50% UC Contribution Each additional year of service credit +5% 20 years or more 100% UC Contribution
G3 UCRP members who do not meet 2 thresholds by 7/1/13
5 years of UCRP service Age plus service credit equals 50 or more
Retire age 56 or older with 10 years is 5% UC contribution
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Retiree Health Benefits Subsidy Levels – G1, G2, G3 Example 18 years of UCRP service credit
Health Net HMO, 2-Adult coverage Both H&W age 60
2012 Premium $ 1,300.45
2012 Maximum (100%) UC Contribution $ 907.89
Retiree Insurance Level
G1 100%
G2 90%
G3 45%
$907.89 $817.10 $ 408.55
Monthly Retiree Cost
$ 392.56 $ 483.35
($90.79 + 392.56) $ 966.70
($499.34 + $392.56)
G1 = UCRP Members before 1/1/1990 without a break in service, 100%
G2 = UCRP Members 1/1/1990 or later, or above with a break in service of >120 days: 50% with 10
years, +5% for each additional year, 100% with 20 years or more.
G3 = UCRP Members who do not meet 5 years of UCRP service credit and age plus service credit of 50
as of 7/1/2013.
QUESTIONS??? Campus Human Resources, 310.794.0847
— www.chr.ucla.edu
UC Benefits, 800.888.8267 — http://atyourservice.ucop.edu
FITSCo, 866.682.7787 — http://www.netbenefits.fidelity.com
IRS, 800.772.1213 — www.irs.gov
Social Security — http://www.ssa.gov
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Jr. Faculty Lecture Series
4 pm, Gonda 1357
11/15/12 Work-life balance Lynn Gordon
1/17/13 Mentoring Linda Baum
2/21/13 Negotiations seminar Carol Mangione
3/21/13 Networking M. Ines Boechat John Luo
4/18/13 Academic process David Hovda
5/16/12 Research update Judith Gasson