HR Insider Newsletter Fall 2020

Fall 2020

Benefits 2020 OPEN ENROLLMENT Open enrollment has successfully closed and your 2020 - 2021 benefit elections was reflected on your October 9, 2020 paycheck. Please take this opportunity to re - view your benefit summary and deductions. If you have any questions or concerns, contact Hilda Campos at extension 127. BENEFITS OVERVIEW Medical plan - Our two plans continue to be managed by Humana. You can continue using the same cards unless you have changed plans. Each plan covers the same services and include all the essential benefits and features. Since in-network and out-of-network deduct - ibles increased effective October 1, 2020, Humana will apply any deductibles you have met this year and transfer them to the new limits. Deductibles will re- set on January 1st. Important information: To help prevent the spread of the coronavirus, Humana is temporarily waiving member out-of- pocket costs for telehealth virtual visits. Access the care you need from the safety of your home. Dental plan - Dental benefits continue to be mana - ged by Metlife with no increase to premiums. Metlife will not mail dental cards. You can provide your den - tist Group # 5965612 and your SSN to verify benefits. Routine exams and cleanings are available at no cost as the deductible does not apply for these preventati - ve services when visiting an in-network dentist. Click here to view the plan summary. Metlife will also continue to provide the complimen - tary MetLife VisionAccess discount program. You can receive discounts such as 25% off frames or 20% off high index lenses. Find a participating private practice and provide discount code, MET2020, when making your appointment. Click here for more information. Life and AD&D Insurance - Reliance Standard con- tinues to provide coverages for life and accidental dea - th and dismemberment (AD&D) at 2 times your an - nual salary up to $500,000 at no cost to you. Reliance will also continue to provide supplemental coverage

Benefits

Retirement • Be actively employed with the EAA in December An accrued personal leave balance of 240 hours must be maintained; therefore, only the hours above the 240-hour threshold are eligible for the Personal Leave Employees who at the end the calendar year with ac - crued sick leave balance in excess of 480 hours are el - igible to convert these excess hours into real dollars to be placed into a 401a plan savings account as an added retirement benefit. Funds are placed into a 401a account at each employee’s current rate of pay. If you meet this criteria and already have an established TCDRS has added new content and streamlined the whole public site to make it easier to find what you need. Here’s what you’ll discover: • Mobile responsiveness: Each page is designed to look great on both desktops and mobile devices. • Simplified navigation: SICK LEAVE RETIREMENT SAVINGS PERSONAL LEAVE BUYBACK Employees who are eligible may participate in the Per - sonal Leave Buyback Program for 2020. To be eligible, an employee must have an accrued: • Personal leave balance of at least 240 hours by No - vember 30th; • Sick leave balance of at least 160 hours by November 30th; and NEW TCDRS SITE The new site is here!

Buyback. An employ - ee may “sell” some of their accrued personal leave in increments of 8 hours to a maximum of 80 hours.

If you meet this criteria and wish to participate in the Personal Leave Buyback program, please complete and submit this Form by December 4, 2020 to Mar- garet Ross. Forms received after the deadline will not be accepted. The Personal Leave Buyback payout will be included in the normal bi-weekly paycheck on 12/18/2020 .

for employees who elected additional life insurance and dependent life coverage. Long Term Disability - Reliance Standard is also pro- viding long-term disability insurance at no-cost if you are unable to work due to a covered illness or injury that is longer than 90 days. This policy provides 60% of your monthly income up to $10,000 per month. Optional Benefits - Employees will continue their benefits if elected with AFLAC, Legal Shield, Tran - sAmerica, Pet Benefit Solutions and Goodly Student Loan Program. NEW CHANGES HRA/FSA - On October 1, 2020, qualified employees who elected the HDHP medical plan received $500 deposited into an employer FSA account. These funds may be used for either medical/dental/vision expen - ses. On January 1, 2021 for employees who participa - te in our medical plans, the EAA will be contributing $1,000.00 (NPOs medical plan) or $3,499.99 (HDHP medical plan) into a Medical Health Reimbursement account (HRA). This account will only reimburse for medical expenses. In addition, HDHP medical plan participants will also receive $1,000 deposited into a separate HRA account that is designed to reimburse for only dental and vision expenses. These changes are designed so that Medicare eligible employees and/or their dependents are not penalized when their HRA accounts exceeds $5,000 during the plan year. For additional information, please refer to GM Roland Ruiz’s letter and email update outlining the changes and provisions.

401a plan, you do not need to do anything at this time as funds will be deposited into current account. If you meet this criteria and do not have an established 401a plan savings account, please complete and submit ei - ther the 401a Enrollment Form or the 401a Enrollment Form – Managed Accounts to Margaret Ross by Janu - ary 15, 2021.

Library has all our videos, articles, brochures, forms — basically all the content you could need — in one easily searchable place. • Expanded content: They have made it easier to find what you need and increased what they provide based on where you are in your career. Account Summary details provides your vesting date and re - tirement eligibility date. As a reminder, the EAA matches 180% of your contri - butions at retirement if you are eligible and vested. Enjoy the new TCDRS.org!

Get to the content you want faster with less clicks. • Resources: TCDRS new

4 / 12

5 / 12