1. Employee Benefits Insurance Retirement Benefits and Perks

2. Insurance Contacts Where do I go if I have any questions? People First 866-663-4735 Available Mon. – Fri., 8:00 a.m. to 6:00 p.m. ET http://peoplefirst.myflorida.com http://mybenefits.myflorida.com FSU HR Benefits Section (850) 644-4015 or insurance@fsu.eduinsurance@fsu.edu http://www.hr.fsu.edu

3. People First Responsibilities include, but are not limited to: Processing Insurance Enrollments Processing Qualifying Status Changes (QSCs) Verification of dependent eligibility Administering COBRA benefits Open Enrollment

4. Enrolling How To Enroll Enroll online through the People First website, or, http://peoplefirst.myflorida.com Enroll over the phone by calling the People First Service Center 1-866-663-4735 People First will mail you your ID and default password **You can also contact the HR Benefits section for this information** You have 60 days from your hire date to enroll

5. Health Insurance Monthly Premium IndividualFamilySpouse Program Who is covered? Employee Only Employee + 1 or more Both Full-Time State Employees Standard Plans$50$180$15 Rates listed are for positions.75 FTE or higher. Rates are pro-rated for employees hired below.75 FTE. Coverage can begin on the 1 st day of the month after your election Premium deductions in the Spring semester are doubled to ensure insurances are covered through the Summer months

6. HMO Health Insurance Services limited to a network Requires primary care provider Specialists may require a referral No deductibles No co-insurance Type of Medical VisitCo-Payment Office Visits (Primary)$20 Office Visits (Specialty)$40 Emergency Services$100 Hospital Admission$250 Only emergency services are covered outside the service area - The HMO must be notified within 48 hours of an emergency

7. PPO (Florida Blue) Health Insurance No restrictions on providers World-wide coverage with no restrictions on providers Co-payments Co-insurance Specialist self referrals Annual Deductibles Costs vary based on use of network or non-network providers

8. PPO (Florida Blue) Health Insurance NetworkNon-Network Office Visits $15 primary care $25 specialty care 40% of the allowance, plus the difference between the charge and the allowance Calendar Year Deductible $250 individual $500 family $750 individual $1,500 family Other Annual maximum out- of-pocket coinsurance: $2,500 individual; $5,000 family Employee must file claims for reimbursement Schedule of Benefits

9. High Deductible Health Plan (HDHP) High Deductible HMO and PPO Higher deductible and lower employee premium IndividualFamily Monthly Premium$15.00$64.30 Annual Deductible$1,300$2,600 Health Savings Account Accumulates interest on balances that roll over for future use Yearly ContributionIndividualFamily Employee$2,850$5,650 Employer$500$1,000

10. Prescription Services PPO members must use 90-day supply for all maintenance drugs CVS/Caremark: 888-766-5490 or http://info.caremark.com/sofrxplan http://info.caremark.com/sofrxplan Prescription drug class30-day supply90-day supply Generic$7$14 Preferred Drugs (contact provider for a list) $30$60 Non-preferred$50$100 CVS/Caremark

11. Life Insurance Minnesota Life State Term Life Insurance - Basic Employees receive $25,000 in coverage Coverage provided for employee only Premium is paid by FSU for all full-time employees Part time employees premium is based on FTE, must elect coverage State Term Life Insurance - Optional Optional coverage available from 1 to 7 times your base annual earnings, up to a maximum of $1,000,000 in total coverage Enrollment during first 60 days does not require proof of good health Post tax benefit

12. Life Insurance Minnesota Life State Term Life Insurance – Spouse Life $15,000 or $20,000 coverage options Post tax benefit Term Life Policy State Term Life Insurance – Child Life $10,000 coverage Post tax benefit Term Life Policy

13. Flexible Spending Accounts FSA Account Type Minimum Election Maximum Election Other Health Care$60$2,550 For tax-deductible medical expenses Limited Purpose $60$2,550 For employee’s enrolled in an HDHP plan with an HSA Dependent Care$60$5,000 For expenses incurred for care of dependents Pre-tax dollars used to cover eligible expenses Funds are use-it-or-lose-it A grace period is offered each year to spend and claim remaining funds Chard Snyder: 855-824-9284

14. Dental Insurance ProviderType AmeritasIndemnity w/PPO AssurantPrepaid and Indemnity w/PPO CignaPrepaid Humana2 Prepaid, PPO and Indemnity United DentalPrepaid Dentists may drop a provider at any time Plan brochures with rates are available on provider website

15. Dental Insurance Prepaid Plans HMO structure where services are limited to a network Most preventative care at no charge A specific dollar amount for each service received Orthodontia benefits (adults and children) No deductibles No claims to file

16. Dental Insurance PPO; Indemnity w/PPO Choose any dentist you want Cost is lower when using network dentists An annual deductible to meet before the plan starts paying Coverage and costs vary by company Indemnity May choose any dentist you want Coinsurance, deductibles, and maximum annual benefits Coverage and costs vary by company

17. Vision Insurance Humana Vision BenefitFrequency of Benefit Eye ExamOnce every 12 months FramesOnce every 24 months Eyeglass Lenses or Contact LensesOnce every 12 months Elective Contact Lenses: $150 allowance

18. Additional State Insurances Hospital, Cancer, Accident, and Short Term Disability Plans vary by company (AFLAC, Cigna, Colonial, New Era) Additional income for out-of-pocket expenses Paid directly to you or the hospital Independent of health insurance coverage For more information visit: http://mybenefits.myflorida.comhttp://mybenefits.myflorida.com

19. Other Opportunities to Make Changes Qualifying Status Change (QSC) Events Participants have 60 calendar days following a qualifying event (marriage, divorce, loss of coverage, etc.) to make a change to their coverage Open Enrollment Occurs every fall For State insurance programs only Make any changes, additions or deletions during this time All changes made are effective January 1 st of the following year

20. Gabor – Post Tax Benefits Life Insurance Whole Life: cash value and loan option Term Life: death benefit Coverage for employee, spouse, and dependents Accidental Death and Dismemberment (AD&D) Insurance Underwritten by Zurich American Insurance Company Coverage for employee and/or family Guaranteed issue Gabor: (850) 894-9611 or http://www.gaboragency.comhttp://www.gaboragency.com

21. Gabor – Post Tax Benefits Long Term Disability Insurance Underwritten by the Standard Insurance Company Benefits: Monthly payment = 60% of gross salary earnings Two elimination periods options – 30 or 90 days Long Term Care Insurance Underwritten by John Hancock Insurance Company Helps you stay independent for as long as possible Enables you to receive care in the location of your choosing Available to University employees, ages 18-64

22. Insurance Reminders All State of Florida insurance enrollments MUST occur within 60 days of hire date Insurances can only be changed during Open Enrollment or with a Qualifying Status Change event 9 or 10-month faculty insurance premiums are doubled during the spring term to cover summer coverage

23. Employee Benefits Insurance Retirement Benefits and Perks

24. Retirement Options EmployeeEligible Retirement Plan Faculty Optional Retirement Program (ORP) FRS Pension FRS Investment

25. Optional Retirement Program ORP Defined contribution plan – similar to a 401(k) Employee Pre-Tax Contributions : Mandatory - 3% Voluntary – can contribute an additional 5.14% University Contribution : 5.14% of gross salary No vesting period Deadline to enroll: 90 days from date of hire – strictly enforced

26. Optional Retirement Program ORP Start or stop voluntary contributions at any time IRS calendar year maximums: $18,000, if under age 50 $24,000, if age 50+ See investment company representatives for tax law/limit informationinvestment company representatives

27. Optional Retirement Program ORP Five investment companiesFive investment companies to choose from: AXA – (850) 893-9535 MetLife – (800) 763-2838 TIAA – (877) 267-4510 VALIC – (850) 297-0780 Voya – (850) 894-9611

28. FRS Pension Plan Defined benefit plan - monthly pension retirement payment Employee Pre-Tax Contributions : Mandatory – 3% 8 years of service to vest (does not need to be continuous) Retirement eligibility : 65 or 33 years of service (at any age) Vested Early retirement: 5% penalty per year under age 65 Part-time faculty receive full service credit

29. FRS Pension Plan - DROP Deferred Retirement Option Program Begin accumulating retirement benefits without terminating employment - up to 60 months Starts once requirements for normal retirement are met Eligibility to join expires one year after normal retirement requirements are met Exception: Employees who have 33 years of service prior to age 57 can defer participation

30. FRS Pension Plan - DROP Annual retirement benefit is based on: Average Final Compensation (AFC) Eight highest fiscal years’ earnings during FRS career Years of “creditable” service (A&P & USPS) Percentage value per year: 1.6% Benefit formula: AFC x Service x Percentage value per year

31. FRS Pension Plan Monthly retirement benefit Disability retirement Survivor benefits Health Insurance Subsidy (HIS) $5 per year of service Maximum of $150 to monthly benefit Annual Cost of Living Adjustment (COLA) Based on current law

32. FRS Investment Plan Defined contribution plan – similar to a 401(k) Employee Pre-Tax Contributions: Mandatory – 3% University contribution: 3.3% (combined total of 6.3%) 1 year of service to vest Normal retirement age is 59½ For more information : MyFRS Financial Guidance Line: 1-866-446-9377 http://www.myfrs.com

33. FRS Investment Plan Not eligible for DROP No cost-of-living increase Eligible for the Health Insurance Subsidy (HIS) $5 per year of service Maximum of $150 Normal retirement age is 59½

34. FRS – 2 nd Election All FRS plan members have one opportunity to switch from: FRS Pension Plan → FRS Investment Plan FRS Investment Plan → FRS Pension Plan ORP members are not eligible to use the 2 nd Election A finalized 2 nd Election cannot be undone Note: Switching to the FRS Pension Plan may require additional out-of-pocket expenses

35. Enrollment Retirement PlanEnrollment Form(s) Optional Retirement Program ORP-ENROLL-1 FRS Pension FRS Investment ORP-ENROLL-1ORP-ENROLL-1 and ELE-1-EZ ORP enrollment is not complete until contracts are signed with the ORP provider 90-day deadline to enroll in ORP & 5-month deadline to enroll in FRS Pension or FRS Investment.

36. Reemployment Restrictions You are considered a retiree of the State of Florida if you receive, withdraw, roll over or transfer any employer- funded Pension, Investment or ORP benefit, regardless of age. If a retiree is being rehired: Minimum of 6 full calendar month waiting period Financially liable for repayment, if in violation 1 full year after “retirement” – no further restrictions Rehired retirees are not eligible for renewed membership in any State of Florida retirement plan

37. Supplemental Retirement Reduce taxable income Minimum $10 bi-weekly Subject to yearly contribution limits: $18,000, if under age 50 $24,000, if age 50+ Voluntary ORP contributions count toward limit Contributions can be changed at any time Tax Sheltered Annuities – 403(b)

38. Supplemental Retirement Tax Sheltered Annuities – 403(b) Choose from nine participating investment companies :nine participating investment companies AXA – http://us.axa.com/home.htmlhttp://us.axa.com/home.html Voya, Jefferson National, Reliastar, Symetra – http://www.gaboragency.com http://www.gaboragency.com Lincoln Financial – http://www.lfg.comhttp://www.lfg.com MetLife – http://www.metlife.comhttp://www.metlife.com TIAA – http://www.tiaa.org/fsuhttp://www.tiaa.org/fsu VALIC – http://www.valic.comhttp://www.valic.com Additional contact information: http://hr.fsu.edu/?page=benefits/retirement/retirement_tax_shelter_annuity_companies http://hr.fsu.edu/?page=benefits/retirement/retirement_tax_shelter_annuity_companies

39. Supplemental Retirement Administered by the State of Florida For a list of companies, or to enroll, contact : Bureau of Deferred Compensation (850) 413-3162 or http://www.myfloridadeferredcomp.comhttp://www.myfloridadeferredcomp.com Subject to yearly contribution limits : $18,000, if under age 50 $24,000, if age 50+ Separate limit from 403(b) See company representatives for tax law/limit informationcompany representatives State of Florida Deferred Compensation - 457

40. Supplemental Retirement Post Tax – Roth 403(b) Choose from four participating investment companies:four participating investment companies AXA – http://us.axa.com/home.htmlhttp://us.axa.com/home.html Voya – http://www.gaboragency.comhttp://www.gaboragency.com TIAA – http://www.tiaa.org/fsuhttp://www.tiaa.org/fsu VALIC – http://www.valic.comhttp://www.valic.com Additional contact information: http://hr.fsu.edu/?page=benefits/retirement/retirement_roth_403b_companies http://hr.fsu.edu/?page=benefits/retirement/retirement_roth_403b_companies Voluntary employee contributions made on an after-tax basis Roth 403(b) contributions are subject to the same yearly contribution limits as Traditional (pre-tax) 403(b) accounts

41. Retirement Reminders IMPORTANT REMINDER! Failure to elect ORP (by successfully completing the enrollment form and signing contracts with investment companies) within the first 90 days of employment will result in a permanent and irrevocable default election into the FRS Pension Plan.

42. Retirement Contacts Questions/Help Human Resources – Benefits University Center A, Suite 6200 (850) 644-4015 or retirement@fsu.eduretirement@fsu.edu http://www.hr.fsu.edu MyFRS 1-866-446-9377 (Toll-Free) http://www.myfrs.com

43. Employee Benefits Insurance Retirement Benefit and Perks

44. Benefits and Perks FSU Employee Tuition Scholarship Fund Only for courses taken at FSU (degree or non-degree seeking) Provides up to 6 hours per academic term, tuition-free Available to salaried, full-time employees only Requires supervisor and department chair approval For guidelines and application, go to the Employee Tuition Scholarship website or call (850) 644-6217Employee Tuition Scholarship website

45. Benefits and Perks Seminole Savings Employee Discount Program Provides discounts on products and services at participating local, state, and national businesses Most participating companies will need to see your FSU Card or a printed coupon to receive discount For a list of participating companies, visit http://hr.fsu.edu/seminolesavings http://hr.fsu.edu/seminolesavings

46. Employee Benefits Thank you! Questions? (850) 644-4015 benefits@fsu.edu