1. New Faculty & Staff Benefits Orientation Click here to type your campus name To insert your company logo on this slide From the Insert Menu Select “Picture” Locate your logo file Click OK To resize the logo Click anywhere inside the logo. The boxes that appear outside the logo are known as “resize handles.” Use these to resize the object. If you hold down the shift key before using the resize handles, you will maintain the proportions of the object you wish to resize. Human Resources and Payroll

2. New Faculty & Professional Staff Benefits Orientation To insert your company logo on this slide From the Insert Menu Select “Picture” Locate your logo file Click OK To resize the logo Click anywhere inside the logo. The boxes that appear outside the logo are known as “resize handles.” Use these to resize the object. If you hold down the shift key before using the resize handles, you will maintain the proportions of the object you wish to resize. Human Resources and Payroll

3. Lag Payroll Lag Payroll Federal & State Withholding Federal & State Withholding Direct Deposit Direct Deposit SEFCU SEFCU Savings Bonds Savings Bonds Union Membership Union Membership

4. Federal & State Withholding Forms W4 and IT 2104 are used to specify: - number of exemptions - tax marital status - additional dollars toward tax liability

5. Federal & State Withholding Forms New forms are required to make changes in tax exemptions, tax marital status or additional dollars toward tax liability

6. Lag Payroll First check date is contingent upon completion of I 9 form Paychecks arrive two weeks after end of pay period

7. If effective date of appointment is 9/1/00, first check will be 9/27/00

8. Direct Deposit Takes effect second paycheck If depositing to checking account, attach voided check VOID If depositing to savings account, your financial institution is required to complete the direct deposit form Electronic transfer of paycheck to banking institution of your choice

9. Direct Deposit Can deposit to 8 different savings or checking accounts in up to 8 different financial institutions nationwide Employee name must be on account Financial institution must use American Clearing House

10. SEFCU (credit union) Direct deposit Offers commercial-type options

11. Savings Bonds NYS employees can purchase US Savings Bonds Payroll deduct any amount toward purchase When purchase price is reached, bond is issued National Bond and Trust Co. 1-800-426-9314 Purchase price 1/2 of face value

12. Union Membership UUP - United University Professions Non-union members required to pay agency fee 1% of biweekly gross salary with base pay of $19,112 or more Based on biweekly gross, minus Extra Service and Summer Session

13. In summary... Paid every two weeks Payday is Wednesday Recommend reviewing paycheck or direct deposit advise each pay period Strongly encourage direct deposit

15. Tax-Deferred Annuities Tax-Deferred Annuities Long-term Disability Long-term Disability Health Insurance/ Prescriptions Health Insurance/ Prescriptions Vision & Dental Vision & Dental Retirement Plans Retirement Plans

16. NYS Employees’ Retirement System NYS Teachers’ Retirement System Teacher’s Insurance and Annuity Association/ College Retirement Equities Fund Retirement Plans

17. Final average salary and years of employment Employer / employee contributions and success of investments DefinedBenefit Defined Contribution

18. Vesting Periods 5 years of full-time service 13 months Existing contracts

19. Employee Contributions 3 % Before tax contributions for Federal 414H contributions for NYS tax purposes Refund of contributions 3 %

20. Employer Contributions Lump-sum annually to pension funds, not to individual accounts 8% of salary for first 7 years of service; 10% of salary thereafter

21. Payout Options Lifetime annuity Cash withdrawals subject to certain limitations

22. Death Benefits Maximum: 3 times salary Minimum: lesser of 1/2 salary or $10,000 Value of contracts on date of death Minimum: lesser of 1/2 salary or $10,000

23. Transfer of funds from CREF to: MetLife VALIC Aetna Alternate Funding Vehicles - Must be vested - Can transfer only CREF (not TIAA) accumulations

24. Retirement Election Form STATE UNIVERSITY OF NEW YORK OPTIONAL RETIREMENT PROGRAM RETIREMENT PROGRAM HISTORY SHEET This form is to be completed by all employees electing the optional Retirement Program Name: _____________________________ Social Security #: _______________________ 1. Do you presently own retirement contracts from Aetna, Met Life, TIAA/CREF or VALIC? Yes No If yes, a) Which carrier ____________________________ b) Contract # _______________________________ 2. Are you presently a member of the New York State Employees’ Retirement System or the New York State Teachers’ Retirement System? If yes, and you have less than ten years of service credit, please complete the “Public Retirement System Determination” (Form ORP-4) and attach it to this form. Yes No 3. Are you presently receiving a retirement benefit from any public retirement system of New York State? If yes, from which system? ____________________ __________________________________________ Yes No Signed: _______________________________ Date: _________________ ORP-3 April 2000 Office of Resource Planning

25. TIAA/CREF Enrollment Form

26. TIAA/CREF form, pg 2 TIAA/CREF Enrollment Form

27. Tax Deferred Annuities Tax Deferred Annuities Optional TIAA/CREF TDA/SRA Program Aetna Opportunity Plus NYS Deferred Compensation Plan

28. Long-term Disability Long-term Disability Carrier: TIAA - CREF No cost Automatic coverage

29. Long-term Disability Long-term Disability Wage replacement benefit equal to 60% of monthly salary ($5,000 cap) Contributions to retirement plans continue throughout disability period One year waiting period

30. Health Insurance / Prescription Drugs Health Insurance / Prescription Drugs 42-day waiting period Individual / family coverage See “Choices” booklet COBRA

31. Plan Options Plan Options HMO’s HMO-CNY, Inc. MVP Health Plan

32. Blue Cross HOSPITAL CIGNA/Express Scripts (formerly Value Rx) PRESCRIPTIONS United HealthCare MAJOR MEDICAL - participating / non-participating providers - managed care Plan Options Plan Options

33. Cost Cost Bi-weekly premiums See “Benefits at a Glance”

34. 2000 Bi-weekly Cost 2000 Bi-weekly Cost Empire Plan Empire Plan Individual Individual Family Family $11.40 $11.40 $46.28 $46.28 HMO-CNY, Inc. HMO-CNY, Inc. $9.11 $9.11 $63.75 $63.75 MVP Health Plan MVP Health Plan $10.58 $10.58 $68.50 $68.50

35. Enrollment Enrollment Indicate choices on enrollment forms Return within 30 days

36. Health insurance enrollment form, pg1 Health Insurance Enrollment Form (PS404)

37. Health insurance enrollment form, pg2 Health Insurance Enrollment Form (PS404)

38. HMO Enrollment Form Complete only if enrolling in an HMO

39. Vision & Dental Vision & Dental 42-day waiting period No premium cost UUP Benefit Fund

40. Vision & Dental Vision & Dental Partial reimbursement for services through participating and non-participating providers Yellow enrollment card

41. Dental Dental  80% of fixed cost for diagnostic and preventative services Carrier: Delta Dental  60% of fixed cost for basic restorative services Participating dentist:  50% of fixed cost for other services * * see UUP Benefit Trust Fund booklet

42. Dental Dental  80% of customary fees for diagnostic and preventative services  60% of customary fees for basic restorative services Non-participating dentist:  50% of customary fees for other services * * see UUP Benefit Trust Fund booklet

43. Vision Vision Carrier: Davis Vision Benefits available once every 24 months; once every 12 months for children under 19

44. Vision Vision Access services by calling Davis Vision for voucher 800-999-5431

45. Vision Vision Participating provider:  one pair glasses or plan-covered contact lenses with $25 copay Non-participating provider:  $10 for exam  $35 toward glasses or contact lenses

46. To insert your company logo on this slide From the Insert Menu Select “Picture” Locate your logo file Click OK To resize the logo Click anywhere inside the logo. The boxes that appear outside the logo are known as “resize handles.” Use these to resize the object. If you hold down the shift key before using the resize handles, you will maintain the proportions of the object you wish to resize. Enrollment within 30 days of appointment! 30

47. To insert your company logo on this slide From the Insert Menu Select “Picture” Locate your logo file Click OK To resize the logo Click anywhere inside the logo. The boxes that appear outside the logo are known as “resize handles.” Use these to resize the object. If you hold down the shift key before using the resize handles, you will maintain the proportions of the object you wish to resize. Click to type contact name & number Click to type contact name & number Office location