News & Announcements

CLASSIFIED EMPLOYEES -
HEALTH INSURANCE CREDIT

Earn a $100 co-share credit*

Complete and send the Tobacco-Free Affidavit to UnitedHealthcare by December 31, 2008.
No late affidavits will be accepted.

To to www.getfitri.ri.gov for more information, to print affidavit and to verify that your affidavit has been received.

*All State employees are welcome to participate in Rewards for Wellness activities and screenings, but only employees paying the new co-shares for fiscal year 2009 are eligible to receive co-share credits.

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DENTAL INCREASE

Human Resources was recently informed by The State Employees Benefits Office that the employee co-share for dental coverage will increase slightly (up to $0.25 per pay period) effective 1/1/2009.  The increase will be reflected in the paychecks issued on 1/9/2009.

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TIAA-CREF PLAN AMENDMENTS

IMPORTANT INFORMATION – Please read

The RIBGHE has revised the 403(b) Amendment extending the deadline for those employees who must open a Group Supplemental Retirement Account (GSRA) for voluntary contributions to December 31, 2009.

As previously explained, employees who have voluntary retirement contributions over and above the mandatory contribution of 5% being made to a RIBGHE Retirement Account (RA) will be required to open a GSRA to accept the voluntary contributions.  Your voluntary contributions will not stop as of 1/9/09 to the RA as previously indicated.  Instead, voluntary contributions will no longer be allowed in the RA account and will automatically be stopped as of January 1, 2010.  Your mandatory retirement plan contributions of 5% along with the College matching contribution of 9% will continue uninterrupted.

The 403(b) plan we have is called a defined contribution plan.  Each employee who participates in the plan has a Retirement Account (RA).  Employees contribute no less than 5% of their salary and the College contributes 9% for a total of 14%.  Up to now, however, employees have been able to contribute more than 5% to their regular Retirement Account.  That is what is going to change.  As of December 31, 2009, employees will no longer be able to have funds in excess of 5% go into their regular Retirement Account.  Although the 5% deduction will continue, any deduction in excess of 5% will be stopped automatically effective January 1, 2010.

You may elect to redirect your voluntary contributions to a GSRA at anytime during calendar year 2009.  To do so, please complete the attached payroll Retirement Authorization Form (PF-14).  If you do not currently own a GSRA you may open an account by completing a TIAA/CREF GSRA Enrollment form , and your additional contributions will go into this account.  If you are unsure if you have a GSRA, please contact TIAA/CREF at 1-800-842-2252, and someone at TIAA-CREF will help you.

Both the payroll PF-14 form and the TIAA/CREF GSRA Enrollment form must be returned to Terri-Ann Milligan in the Office of Human Resources for processing.

For more information regarding GSRA accounts and to view a current TIAA/CREF prospectus go to http://www.tiaacref.org/products/retirement/supplemental/index.html
 

If you are over age 50 and wish to contribute the special catch-up amount in 2009, please also complete and return the attached “Over Age 50 Catch-up Up Request Form”.  The new limits for calendar year 2009 are $16,500 if you are younger than 50 years old and if you are 50 or older, the maximum becomes $22,000.

If you have already made the above changes, you do not need to do anything further.

If your 403(b) is with AIG Retirement or MetLife, you will need to contact them directly to set up a GSRA.  Neil Lambert, our AIG representative, can be reached at 617-835-1207.
Bryan Durrington, our MetLife representative, can be reached at 401-827-3814.

Terri-Ann will send the changes to the State for processing as soon as she receives them.  Changes will be processed as they are received and may not be made retroactively.
If you have questions or need help with any of the forms or with your eligibility for a GSRA or Catch-Up account, please call Terri-Ann at 825-2311 or email her at tamilligan@ccri.edu.

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*UPDATE* - ANNUAL SECA CAMPAIGN

We have extended the SECA Campaign until December 19th.  There is still time to send in your pledge card!  If you have not received a card, please contact Melissa in the Human Resources Office at x2311 or mjmurphy@ccri.edu

Simplify your charitable giving by donating to one or more of your favorite charities through the SECA Campaign!  It's easy!....Donate through payroll deduction, by check, cash or credit card.
Your donation helps support local communities and school programs statewide.
For a complete listing of this years contributing agencies visit www.riseca.org .

Please consider donating today!

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NON-CLASSIFIED UNION EMPLOYEES - SICK BANK

The 2009 Sick Leave Bank for Non Classified Union employees will be handled electronically again via Pipeline through the Leave Report.  The online Leave Report will be active between January 4, 2009 - January 31, 2009, to contribute a day of sick leave.  More information will be forthcoming within the next few weeks from the Office of Human Resources.

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FACULTY SICK BANK

The 2008-2010 Faculty Sick Leave Bank Donation form is now available online.  (PDF*)

In the past, faculty had to complete a form to indicate they wanted to contribute one day to the Sick Leave Bank. To simplify the process for contributing time to the Sick Leave Bank a change in procedures will be implemented. The simplified procedure will prevent the situation of a faculty member forgetting to contribute to the Sick Leave Bank and forfeiting eligibility to use the Sick Leave Bank. One day of sick leave will automatically be contributed to the Sick Leave Bank on an annual basis, unless the faculty opts out by completing the form below.

If you DO NOT want to contribute a day of sick leave to the Sick Leave Bank for the year 2009, please complete the form (PDF*) and return it to the Office of Human Resources by December 31, 2008.  No opt out contribution forms will be accepted after 4:00 p.m., on that date.

Get Adobe Reader*PDF files require Adobe Acrobat Reader to view - Download here

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CLASSIFIED UNION EMPLOYEES - SICK BANK

The Classified Sick Leave Bank Donation form is now available online. (PDF*)

During the month of January of each year of the contract, a Classified staff member can voluntarily contribute one day (7 hours for a 35 hour per week employee; 8 hours for a 40 hour per week employee) of his/her sick leave accrual toward the Bank.

If you would like to contribute a day of sick leave to the Sick Leave Bank for the year 2009, please complete the form (PDF*) and return it to the Office of Human Resources by December 31, 2008.  No contributions will be accepted after 4:00 p.m., on that date.

Get Adobe Reader*PDF files require Adobe Acrobat Reader to view - Download here

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ING FINANCIAL ADVISERS ON CAMPUS

Stephen Brown, a representative from ING Financial Advisers, LLC will be available to discuss 457 Deferred Compensation options available through payroll deduction.  Please stop by and learn how to save for retirement using this valuable state sponsored benefit.  He will be at the following campus from 9:30 am to 2:30 pm:

Date Campus Location
Schedule Dates TBA    

You can also contact Stephen directly at the following email Stephen.Brown@us.ing.com with any questions.

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TIAA-CREF

CCRI's TIAA-CREF Representative, Allen Waters, will be on campus and available for private consultation meetings on the following dates:

Day & Date Campus Room Number
Wednesday, January 7, 2009 Flanagan Campus President's Office, 2nd Floor
Thursday, January 15, 2009 Knight Campus HR Conference Room, 3rd Floor
Tuesday, February 3, 2009 Liston Campus Room 1134
Wednesday, March 4, 2009 Flanagan Campus President's Office, 2nd Floor
Thursday, April 2, 2009 Knight Campus HR Conference Room, 3rd Floor
Tuesday, April 7, 2009 Liston Campus Room 1134
Wednesday, May 6, 2009 Flanagan Campus President's Office, 2nd Floor
Thursday, June 4, 2009 Knight Campus HR Conference Room, 3rd Floor
Tuesday, July 21, 2009 Flanagan Campus President's Office, 2nd Floor
Wednesday, August 5, 2009 Knight Campus HR Conference Room, 3rd Floor
Thursday, September 17, 2009 Liston Campus Room 1134
Tuesday, October 6, 2009 Knight Campus HR Conference Room, 3rd Floor
Wednesday, November 4, 2009 Flanagan Campus President's Office, 2nd Floor
Thursday, December 3, 2009 Knight Campus HR Conference Room, 3rd Floor

Employees interested in scheduling an appointment with Allen for one-on-one counseling, please call 1-800-842-2004, or go to www.tiaa-cref.org/moc to schedule an appointment online.

The one-on-one counseling sessions can help you sort things out and make informed decisions. Setting up a long-term financial plan can be a complicated task. It involves evaluating your potential income sources, and then factoring in the impact of taxes, inflation and the larger economic picture.  Meeting with a TIAA-CREF Consultant can help.  Don't miss this opportunity to meet with them.

[Campus locations, campus maps and directions]

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MetLife

CCRI's MetLife Representative, Bryan Durrington, will be on campus and available for private consultation meetings.  Employees interested in setting up an appointment with Mr. Durrington may call him at 401-827-3814 or email him at bdurrington@metlife.com .

Day & Date Hours Campus Room Number
Schedule Dates TBA      

[Campus locations, campus maps and directions]

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AIG Retirement (formerly VALIC)

CCRI's AIG Representative, Neil Lambert, will be on campus from 10:30 a.m. to 1:30 p.m. on the following dates:

Day & Date Campus Room Number
Monday, January 26, 2009 Knight Lower Commons
Monday, February 23, 2009 Flanagan Cafe
Monday, March 30, 2009 Liston Atrium
Monday, April 27, 2009 Knight Lower Commons
Monday, May 18, 2009 Flanagan Cafe
Monday, June 22, 2009 Knight Lower Commons

Employees interested in setting up an appointment with Mr. Lambert should call him at 617-835-1207.

[Campus locations, campus maps and directions]

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