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Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit Union Additional Benefits

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Page 1: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Employee Benefits

Retirement

Health

Dental

Vision

Life/AD&D

Cafeteria

Flexible Spending

Long Term Disability

Long Term Care

Leave

Holiday

Savings

Credit Union

Additional Benefits

Page 2: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Classified Retirement

Louisiana State Employees Retirement System (LASERS)

Participant criteria:– Full-time classified employee– Part-time classified employee, working 21 or more hours per

week– Participation is mandatory

Employees age 55 or older when hired contribute to one of the following:– LASERS– Social Security (if you are under age 60, you must have already

contributed to Social Security for at least 40 quarters)– Deferred Compensation Plan

Page 3: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Classified Retirement

Regular Regular 2 Regular 3 Haz Duty

MandatoryMembership

Hired by 6/30/06 and re-hires who

did not refund contributions

Hired 7/1/06-12/31/10 and re-hires who did not refund contributions

Hired after 12/31/10 and

re-hires who refunded

contributions

POST certified employees hired after

12/31/2010 and previous hires who

elect to join

Employee Contributions 7.5% 8% 8% 9.5%

Retirement Benefit 2.5% of FAC*

(3-year)2.5% of FAC*

(5-year)

2.5% of FAC*(5-year)

3.33% of FAC* (if past 10 yrs in HAZ Duty

Position)

2.5% 2.5%

X Years of Service 20 years

X *Final Average Compensation (3 or 5 highest years of earnings)

$40,000

= Annual retirement amount $20,000

Page 4: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Classified Retirement

Regular Regular 2 Regular 3 Haz Duty

Regular Retirement

30 yrs of service, any age25 yrs of service, age 5510 yrs of service, age 60

5-years of service and age 60 12 yrs of service, age 5525 yrs of service, any age

Early Retirement 20 yrs of service, any age

Disability Retirement 10 years of service, any age

Occurred in line of duty – no vesting required

Not occurred in line of duty – 10 years at any age

Survivor Benefits 5 years for minor children

10 years for spouse

Death in line of duty – no vesting required

Death not in line of duty – 5 years for minor children,

10 years for spouse

Page 5: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Classified Retirement

Options at Separation of Employment– Keep your money in the plan and notify us when you

are ready to retire– Roll your contributions into an IRA or another

compatible plan– Withdraw your contributions

• 20% taxes and 10% penalty will be imposed

Page 6: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Pool Employee Retirement Options

Social Security – employee may contribute to Social Security at a rate determined

by the Federal Government. The Agency will also contribute to Social Security at the Federal Govt. rate.

Deferred Compensation– in lieu of contributing to Social Security you can opt to contribute

to this investment plan. Contributions by both the employee and agency are at the normal Social Security rate.

Page 7: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit
Page 8: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit
Page 9: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Write your name here Write your SSN here

Sign here Write the date here

Page 10: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Sign here

Write the date here

Write your name here

Write your SSN here

Page 11: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Benefits Department

Staff– Alisha Crowell 903-0113 Benefits Supervisor– Tonya Jackson 903-0141 Benefits Analyst– Kim Myers 903-0709 Benefits Analyst– Dolores Nehlig 903-1604 Benefits Specialist

Office Information– Butterworth Building, Rooms 204-207– 7:30 a.m. – 4:00 p.m. – Fax: 680-0221

Page 12: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Important Information

Dates to Remember:– Date of Hire _____________________________– Enrollment forms due in HR _________________– Coverage effective date ____________________

*Up to 30 days from date of hire to sign up for benefits

Documents– Retirement: Social Security Card and Birth Certificate– Benefits: Original Birth Certificate(s), and Marriage License

Page 1

Page 13: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance

Enroll within first 30 days of employment or at any time during the year

Premiums deducted one month in advance

Pre-existing conditions apply

Four plans:  Insurance Site

(find a doctor)Customer Service

 

BCBS - HMOwww.bcbsla.com/ogb 800-392-4089BCBS - PPO

BCBS – High Deductable

LSU First/CIGNA - CDHP (two options)

www.lsufirst.lsu.edu 800-929-5781

Page 14: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance ComparisonBCBSHMO

BCBS PPO

BCBSHigh Deductable

LSU First

Deductable None

$500 Active, $300 Retired

Maximum of $1500 for active, Maximum of

$900 for retired, exclusive of co-pays

$1250 Employee

$2500 Employee & Spouse or Employee

& Children

$3000 Family

Health Savings Account - State of LA Makes $200 deposit, matches up to $575 ,

no use it or lose it rule. You can use the

money for any reason after age-65. Not

eligible to enroll if you or a spouse participate

in a flex plan, have other coverage, tri-

care or tri care for life, used VA benefits in

last 3 months, or have Medicare

Unused HRA rolls over to next year

Option 1

Option 2

Employee Only

HRA $1000 $1000

You Pay $500 $1500

Total $1500 $2500

Employee & Sp or Child(ren)

HRA $1500 $1500

You Pay $750 $2250

Total $2250 $3750

Family

HRA $2000 $2000

You Pay $1000 $3000

Total $300 $5000

Page 15: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

OPTION 1

EffectiveDate

Employee Only Employee + Spouse, orEmployee + Child(ren)

Employee + Family

HRA MemberResponsibility

HRA MemberResponsibility

HRA MemberResponsibility

January 1st $1,000.00 $ 500.00 $1,500.00 $750.00 $2,000.00 $1,000.00

February 1st 916.67 458.33 1,375.00 687.50 1,833.00 916.67

March 1st 833.33 416.67 1,250.00 625.00 1,666.67 833.33

April 1st 750.00 375.00 1,125.00 562.50 1,500.00 750.00

May 1st 666.67 333.33 1,000.00 500.00 1,333.33 666.67

June 1st 583.33 291.67 875.00 437.50 1,166.37 583.33

July 1st 500.00 250.00 750.00 375.00 1,000.00 500.00

August 1st 416.67 208.33 625.00 312.50 833.33 416.67

September 1st 333.33 166.67 500.00 250.00 666.67 333.33

October 1st 250.00 125.00 375.00 187.50 500.00 250.00

November 1st 166.67 83.33 250.00 125.00 333.33 166.67

December 1st 83.33 41.67 125.00 62.50 166.67 83.33

LSU First Option 1 Pro-rated Deductable

Page 16: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

OPTION 2

EffectiveDate

Employee Only Employee + Spouse, orEmployee + Child(ren)

Employee + Family

HRA MemberResponsibility

HRA MemberResponsibility

HRA MemberResponsibility

January 1st $1,000.00 $1, 500.00 $1,500.00 $2,250.00 $2,000.00 $3,000.00

February 1st 916.67 1,375.00 1,375.00 2,062.50 1,833.00 2,750.00

March 1st 833.33 1,250.00 1,250.00 1,875.00 1,666.67 2,500.00

April 1st 750.00 1,125.00 1,125.00 1,687.50 1,500.00 2,250.00

May 1st 666.67 1,000.00 1,000.00 1,500.00 1,333.33 2,000.00

June 1st 583.33 875.00 875.00 1,312.50 1,166.37 1,750.00

July 1st 500.00 750.00 750.00 1,125.00 1,000.00 1,500.00

August 1st 416.67 625.00 625.00 937.50 833.33 1,250.00

September 1st 333.33 500.00 500.00 750.00 666.67 1,000.00

October 1st 250.00 375.00 375.00 562.50 500.00 750.00

November 1st 166.67 250.00 250.00 375.00 333.33 500.00

December 1st 83.33 125.00 125.00 187.50 166.67 250.00

LSU First Option 2 Pro-rated Deductable

Page 17: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance ComparisonBCBSHMO

BCBS PPO

BCBSHigh Deductable

LSU First

Out of Pocket Maximum

$1000 per person $1000 per person/$3000 per

family $2000 per person

$1500 employee

$2250 employee & spouse or employee & child(ren)

$3000 Family

Office Visits

Wellness Benefits

100% 100% 100% 100%

First Choice

ProviderNot Available $0 after HRA

In Network

$15 co-pay PCP$25 co-pay Specialist

10% of contracted rate

20% of contracted rate

Member pays 10%

Out of Network

30%, plus a separate $1000

deductable

30% of fee schedule if

member resides in LA, otherwise

10%

30% of fee schedule Member pays 30%

Page 18: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance ComparisonBCBSHMO

BCBS PPO

BCBSHigh Deductable

LSU First

Hospital Services

First Choice

Provider

Not Available $0 after HRA

In Network

$100 per day, $300 max

10% of contracted rate

20% of contracted rate 10% after deductable

Out of Network

30%, plus a separate $1000

deductable

30% of fee schedule if

member resides in LA, otherwise

10%

30% of fee schedule, separate $1000

deductable

30% of the maximum reimbursable charge, plus amount

over the maximum reimbursable charge

Page 19: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance ComparisonBCBSHMO

BCBS PPO

BCBSHigh

Deductable

LSU First

Mental Health Inpatient

Mental HealthOutpatient

First Choice Provider

Not Available $0 after HRA

In Network $100 co-pay per day, $300 max per

admit

10% of contracted rate

20% of contracted rate

10% after deductable

Out of Network

30% after deductable

30% after deductable

30% after deductable

30% of the maximum reimbursable charge, plus amount over the maximum reimbursable

charge

First Choice Provider

Not Available $0 after HRA

In Network $15 co-pay 10% of contracted rate

20% of contracted rate

10% after deductable

Out of Network $15/$25 co-pay 30% after deductable

30% after deductable

30% of the maximum reimbursable charge, plus amount over the maximum

reimbursable charge

Page 20: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance Comparison

BCBSHMO

BCBS PPO

BCBSHigh Deductable

LSU First

Prescription Drugs

$50 max co-pay for 31-day supply

$1200 maximum per person, per year

$50 max co-pay for 31-day supply

$1200 maximum per person, per year

$10 co-pay generic$25 co-pay Preferred

Brand$50 co-pay non

preferred brand & specialty, after

deductable 31-day supply

$40 Co-Pay$120 Specialty

Step Therapy – required to try generic medications at $0

before brand name

$0 for generic drugs30-day supply

Prescription Drug Home Delivery

Same as above Same as aboveSame as above, expect a 90-day

supply

Same as above, expect a 90-day supply

Page 21: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance ComparisonBCBSHMO

BCBS PPO

BCBSHigh Deductable

LSU First

Plan PerksHealth Management Program –

Member has access to health coaches and online health information, reduced co-pays. For plan members and covered

dependents diagnosed with 1 or more of these health conditions:Diabetes

Heart FailureHeart Disease

AsthmaChronis Obstructive Pulmonary Disease (COPD)

$25K Employee Life & AD&D Policy

$5K Critical Illness Policy

Employee Assistance Program

$10K Travel reimbursement for transplant related expenses

Lifestyle Management Programs

Health Advisors

Page 22: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Health Insurance Rates

2013 monthly deductionsEmployee

OnlyEmployee &

SpouseEmployee & Child(ren) Family

HMO - BCBS $136.02 $441.74 $195.74 $473.30

PPO - BCBS $143.98 $467.66 $207.22 $501.10

LSU First Opt. 1 - CIGNA $143.98 $408.90 $207.22 $489.52

LSU First Opt. 2 - CIGNA $126.28 $356.10 $193.94 $429.34

High Deductable Health Plan-BCBS

$111.76 $363.00 $160.94 $388.92

Page 23: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Dental Insurance

Two Options (Basic or Enhanced)Service Basic Plan Enhanced Plan

Type 1 ProceduresPreventative

100% of Usual and Customary

100% of Usual and Customary

Deductible$100 Lifetime

(excludes preventative services/Type 1)

None

Type 2 ProceduresBasic Filings, Oral Surgery (extractions

& impacted teeth), Root Canal, Dentures and Crown Repair

Fee Schedule 80% of Allowable Expense

Type 3 ProceduresInlays and Crowns, Dentures and

Bridges, Periodontal SurgeryFee Schedule 50% of Allowable

Expense

Orthodontic Not Covered $1,500 Lifetime

Implants Not Covered $2,000 Lifetime

Maximum Plan Year Benefits $1,250 $1,500

www.dearbornnational.com 1-888-758-6979

Page 25: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Dental Insurance

  Basic Enhanced

Employee Only $16.56 monthly $26.26 monthly

Employee + Spouse $31.11 monthly $51.37 monthly

Employee + Child(ren) $43.01 monthly $62.44 monthly

Family $57.56 monthly $87.55 monthly

Page 26: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Vision Insurance

Service LSU First Members Non-LSU First Members

Eye Exams (once per year) $0 $10

Lenses (once per year)

Single/Bi-focal/Tri-focal $0 $0

Lenticular $0 $0

Frames (once per year)Choose from Davis Vision

Designer Frames, or receive 20% discount after $130

Choose from Davis Vision Designer Frames, or receive 20%

discount after $100

Contact Lenses (once per year)

Elective, formulary Up to 4 boxes of disposables Up to 4 boxes of disposables

Elective, non-formulary Up to $130, +15% discount Up to $130, +15% discount

Medically necessary Paid in full with prior approval Paid in full with prior approval

*if LSU 1st member, receive UV coating, scratch protection & progressive lenses at no additional

cost

1-877-923-2847 www.davisvision.com (LSU 1st Client Control 4884) (Non LSU 1st Client Control 4885)

Page 27: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Vision Insurance

  Monthly

Employee Only $7.66

Employee + Spouse $12.90

Employee + Child(ren) $13.18

Family $21.24

Page 28: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Employees are guaranteed coverage within 30-days of hire

State pays half the premiums for employee life

Dependent premiums are 100% employee paid

Includes AD&D on employee

Children covered until age 26

25% reduction in coverage amount and premiums at age 65 and 70

Prudential Life Insurance (OGB)

Page 29: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Prudential Life Insurance (OGB)

Basic Life Insurance Option 1 Option 2

Employee $5,000Monthly rate: $2.70, plus employer pays $2.70

Spouse $1,000 $2,000

Each child $500 $1,000

Monthly Rate: .98¢ $1.96

Basic Plus Supplemental Life Insurance Option 1 Option 2

Employee Salary based, up to $50,000Monthly rate: Salary based, employer pays 50%

Spouse $2,000 $4,000

Each child $1,000 $2,000

Monthly Rate: $1.96 $3.92

Page 30: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Prudential Life Insurance (OGB)Supplemental Life

Salary Range

Maximum Insurance

Total Monthly Premium

Employee’s Monthly Share

19,333.34 - 20,000.00 30,000 32.40 16.20

20,000.01 20,666.66 31,000 33.48 16.74

20,666.67 21,333.33 32,000 34.56 17.28

21,333.34 22,000.00 33,000 35.64 17.82

22,000.01 22,666.66 34,000 36.72 18.36

22,666.67 23,333.33 35,000 37.80 18.90

23,333.34 24,000.00 36,000 38.88 19.44

24,000.01 24,666.66 37,000 39.96 19.98

24,666.67 25,333.33 38,000 41.04 20.52

25,333.34 26,000.00 39,000 42.12 21.06

26,000.01 26,666.00 40,000 43.20 21.60

26,666.01 27,333.33 41,000 44.28 22.14

27,333.34 28,000.00 42,000 45.36 22.68

28,000.01 28,666.66 43,000 46.44 23.22

28,666.67 29,333.33 44,000 47.52 23.76

29,333.34 30,000.00 45,000 48.60 24.30

30,000.01 30,666.66 46,000 49.68 24.84

30,666.67 31,333.33 47,000 50.76 25.38

31,333.34 32,000.00 48,000 51.84 25.92

32,000.01 32,666.66 49,000 52.92 26.46

32,666.67 And Over 50,000 54.00 27.00

Page 31: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

The Hartford Life Insurance (LSU)

Guaranteed issue when enrolling during the first 30 days Guarantee issue amount for employee coverage is five (5)

times annual base salary up to $500,000Spouse coverage is guaranteed up to $100,000.  Spouse is

eligible for up to 50% of employee coverage; amounts over $100,000 require approval

Accidental death and dismemberment coverage for employee/spouse available

Child(ren) are eligible for $5,000, $10,000 or $20,000 of life up to age 26 (AD&D not available)

Spouse and children are not eligible for coverage if they are an active member of the armed forces.

May apply for coverage at any time, yet coverage is subject to underwriting approval

Page 32: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

The Hartford Life Insurance (LSU)

Employee Coverage

AgeEmployee Rate/$10,000

Spouse Rate/$5,000

<25 $0.55 $0.28

25-29 $0.65 $0.33

30-34 $0.75 $0.38

35-39 $0.95 $0.48

40-44 $1.19 $0.60

45-49 $1.68 $0.84

50-54 $2.85 $1.43

55-59 $4.35 $2.18

60-64 $6.60 $3.30

65-69 $10.90 $5.45

70-74 $20.50 $10.25

75-79 $34.30 $17.15

80-84 $60.90 $30.45

85+ $115.10 $57.55

AD&D CoverageEmployee $0.31 per $10,000

Spouse $0.16 per $5,000

Child(ren) CoverageCoverage Amount Monthly Rate

$5,000 $0.75

$10,000 $1.49

$20,000 $2.98

Page 33: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Accidental Death and Dismemberment

Covered Amount Employee Only* Employee & Family*

$27,500 $1.00 $1.50

$55,000 $2.00 $3.00

$82,500 $3.00 $4.50

$110,000 $4.00 $6.00

$165,000 $6.00 $9.00

$220,000 $8.00 $12.00

$275,000 $10.00 $15.00

$300,000 $10.90 $16.36

– Benefits are paid for loss of life, disability or dismemberment resulting from a covered accident.

– Coverage is effective 1st of month following enrollment.– Employee's spouse and unmarried eligible dependents (14 days up to age 21, up to

age 24 if a full-time student) are also eligible for coverage:• Spouse coverage = 50% of principal sum or 40% if you have eligible children• Children coverage = 15% of principal sum or 10% if your spouse is eligible for

coverage

* Monthly Rate

Page 34: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Tax Saver Flexible Benefit Plan

Cafeteria Plan– Premiums for medical, dental, vision and Group Benefits life

insurance are deducted from your check pre-tax. – Must enroll within 30 days of appointment date; otherwise, must

wait until October Annual Enrollment period – No cost to participate– You can only cancel or lower coverage during Annual Enrollment

unless you have a qualifying event. Change must be made within 30 days of event.

• Qualifying events include:– Change in marital status– Birth/Adoption– Change in employment status of spouse– Change in eligibility of a dependent

Page 35: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Flexible Spending Account

You can set aside a portion of your earnings, tax-free, for everyday expenses you may have:

– Dependent day care expenses – Out-of-pocket medical expenses including medical, dental, vision, over-

the-counter medications or prescription drugs

How it works– The amounts you elect are automatically deducted from your paycheck

on a pre-tax basis.– The money is held until you have a qualified expense– You will receive a credit card to pay for qualifying expenses or you can

email your claims and receipts to [email protected] – If emailed, the claim is reviewed and tax-free reimbursements are made

to you by direct deposit.

*IF YOU DON’T USE THE MONEY, YOU LOOSE IT!!

Page 36: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Flexible Spending Account

Dependent Care FSA– Who is eligible?

• Child under 13 (over 13 if physically incapable of self care)• Spouse or parent who resides with you and incapable of self care

– Eligible Expenses• Day care facility• Before/After School Care• Summer Day Camp• Nursery school or preschool, if child is too young for Kindergarten

(Private school tuition K4 and above is not eligible.)• In home babysitting fees, if claimed as income by care provider and

not provided by dependent

Page 37: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Flexible Spending Account

Health Care FSA – Eligible Expenses

• Co-payments• Deductibles• Prescription Drugs• Dental Services• Braces• Eye examinations• Contacts/Eyeglasses

Healthcare FSA Dependent Care FSA

Maximum Contribution $2,500.00/year $5,000.00/year

Minimum Contribution $100.00/year $100.00/year

Administrative Fee $5.10/month

• Hospitalizations• Surgery Expenses• Chiropractors• Podiatrists• Hearing Aids• Laboratory Fees• Acupuncture

Page 38: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Flexible Spending Account

Example:Assuming an employee has an Annual Gross Income of $30,000

and is in the15% tax bracket:

With FSA Without FSA

Gross Monthly Pay $2,500.00 $2,500.00

Minus FSA Contribution -$360.00 N/A

Taxable Income $2,140.00 $2,500.00

Minus Taxes -$321.00 -$375.00

Net Income $1,819.00 $2,125.00

Plus FSA Reimbursement +$360.00 N/A

Total Monthly Pay $2,179.00 $2,125.00

Monthly tax saving = $54.00; Annual tax savings = $648.88

Note: Savings are greater for persons in higher tax brackets

Page 39: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Long-Term Disability

– Affordable financial protection against a disabling illness or injury

– 60% of salary is insured

– Payable once 90 consecutive days of work are missed & sick leave is exhausted

– Employee is guaranteed coverage if enrolled within the first 30 days of employment.

– Monthly salary X .00553 = monthly premium (see right)

– Deductions are immediate and are taken from all 26 checks.

 Annual Salary

 Monthly Salary

 Monthly Amount

Bi-Weekly Amount

 $12,000  $1,000  $5.53  $ 2.55

 $15,000  $1,250  $6.91  $3.19

 $18,000  $1,500  $8.30  $3.83

 $20,000  $1,667  $9.22  $4.25

 $25,000  $2,083  $11.52  $5.32

 $30,000  $2,500  $13.83  $6.38

 $35,000  $2,917  $16.13  $7.44

 $40,000  $3,333  $18.43  $8.51

 $45,000  $ 3,750  $20.74  $9.57

 $50,000  $4,167  $23.04  $10.63

 $55,000  $4,583  $25.35  $11.70

 $60,000  $5,000  $27.65  $12.76

 $65,000  $5,417  $29.95  $13.83

 $70,000  $5,833  $32.26  $14.89

 $75,000  $6,250  $34.56  $15.95

 $80,000  $6,667  $36.87  $17.02

 $90,000  $7,500  $41.48  $19.14

 $100,000  $8,333  $46.08  $21.27

Page 40: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

Long-Term Care

Guaranteed issue for employee and spouse if elected within first 30 days of employment

Choose a benefit amount of $1,000 to $4,000 per month, in increments of $1,000, with a benefit duration of either three or six years

May elect coverage for parents and grandparents after medical underwriting

Benefits paid for a cognitive loss or when person can no longer perform 2 of the 6 “Activities of Daily Living”

Before benefits are payable, a 60-day waiting period requirement must be met.

Benefit payments are made directly to you, to be used at your discretion

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Classified Leave

– All job appointment, probationary and permanent classified Civil Service employees earn sick and annual leave.

– Part-time Civil Service employees earn a pro-rated amount based on their hours worked.

– There is no maximum amount of leave an employee may accumulate.– When leaving state service, up to 300 hours of annual leave will be paid

out; sick leave will not be paid out.– If you return to state service within 5 years, unpaid annual and sick time

will be restored.– At retirement, leave can be converted to service credit or paid out.

Civil Service Accrual System

Years of ServiceSick and Annual Hours Earned

Per Pay PeriodApproximate Days Earned

Per Year

0-3 3.688 12 days annual/12 days sick

3-5 4.608 15 days annual/15 days sick

5-10 5.536 18 days annual/18 days sick

10-15 6.456 21 days annual/21 days sick

15+ 7.384 24 days annual/24 days sick

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Savings Plans

LA Deferred Compensation(457b) & 403b– Both are defined by the IRS as retirement savings accounts.– Your contributions are made pre-tax.– You pay taxes on the money when you make a distribution after

retirement.– IRS limits: $17,500/year and an additional $5,500/year if 50+– You decide how the money is invested.– You can roll money into account from other retirement plans, – To sign up for 403(b) you must contact the individual vendor.

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Savings Plans Companies

Company Web-Site Customer Service

Plan Representative

ING www.ingfinancial.com 800-584-6001 Daniel Misse504-710-7766 (cell)

800-873-2161

Great West louisianadcpretire.gwrs.com 800-701-8255 David Arriaza985-445-6642 (cell)

800-345-4699

TIAA-CREF www.tiaa-cref.org 800-842-2252 Mark DiGiovanni504-644-5013 800-732-8353

VALIC www.valic.com 800-448-2542 Mitch Tabor504-810-8626 (cell)

225-201-1064

Met Life www.cfs.metlife.com 866-538-3605Cliff Lloyd

985-969-2839 (cell)225-300-1528

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Credit Unions

Credit Unions Address Phone/Web-Site

Campus Federal Credit Union

433 Bolivar St. New Orleans, LA 70112

504-568-8425888-769-8841

www.campusfederal.org

Fleur De Lis Federal Credit Union

1450 Poydras St. 6th Floor, Room 628

New Orleans, LA 70112

433 Metairie Rd.Suite 114

Metairie, LA 70005

504-838-5456 800-256-9072

www.fdlfcu.com

LA Capitol Federal Credit Union

3197 Richland Ave.Metairie, LA 70002

504-888-4290www.lacapfcu.org

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Additional Benefits

LA Start Saving Program– Saving money for college expenses for your children’s or

grandchildren’s college or vocational education– Earnings enhancements between 2% and 14%– Up to $2,400 per year may be excluded from taxable income

reported on the account owner’s Louisiana tax return– Earnings are tax deferred while in the account and are exempt

from state and federal taxes when used to pay qualified higher education expenses

– http://www.startsaving.la.gov

Page 46: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

BEFORE LEAVING FOR LUNCH

All Employees must :

Turn in your completed Benefits forms in the back of the room.If not electing to take benefits you need to turn in the forms declining them. Pool Employees may leave for lunch if they turned in their forms after the pool

benefits presentation.

All employees may go to lunch when finished with your Benefits paperwork.

If you have not already done so, contact your manager to find out what time to report to work after orientation.

The afternoon session begins promptly at 12:00 pm. Kindly return by 11:50 am so you can be settled and ready to begin the first afternoon presentation. The lecture on Prisoner Safety is from 12:05pm – 12:10. If you are late you will miss it.

Thank you and enjoy your lunch.

Page 47: Employee Benefits Retirement Health Dental Vision Life/AD&D Cafeteria Flexible Spending Long Term Disability Long Term Care Leave Holiday Savings Credit

LUNCH

The afternoon session begins at 12:00 pm. Please return by 11:55 am so you will be seated and ready to start on time.