Category: Benefits

Huskies New Employee Orientation

Human Resources is excited to kick off the new Huskies New Employee Orientation.

The first new employee orientation was held on August 3rd, 2015 with 13 employees in attendance.

First Orientation group 1

First orientation group

The new program keeps in mind the importance of a well-defined and welcoming process that will enable new employees to complete required forms, learn about benefits, be introduced to the university’s mission, goals and strategic plan and to meet other employees who are also beginning employment at Michigan Tech.

The ultimate goal is to implement an efficient and effective organizational socialization process through which every new hire is seamlessly integrated into the Michigan Tech community.

The New Huskies Orientation will be held every other Monday and will coincide with the employee’s first day of employment at Michigan Tech.

For questions, please contact Human Resources at 906-487-2280.

 

 

 

Health Risk Assessment (HRA) Incentive Reminder

Benefit eligible employees who complete a Health Risk Assessment with Blue Cross Blue Shield of Michigan and have an annual physical can earn an incentive. Accessing the health assessment is easy. Here’s how to get started.

 

  1. Log in to your account at bcbsm.com. (You can easily register if you are          not currently set up.)
  2. Click “Health & Wellness” in the blue bar at the top of the page.
  3. Click “Take assessment now” to begin.

 

Requirements must be completed by December 31 and incentives will be awarded in 2016. Eligible employees will have the option to choose one of the following:

 

  • $100 deposited into a health savings account
  • $100 deposited into a flexible spending health care account
  • $100 deposited into a Techfit
  • $200 deposited into a T2 account, funds can only be used at a Michigan

Tech Facility.

 

If you have any questions, contact Benefit Services at benefits@mtu.edu.

Reminder to use your personal days

Benefit Services would like to remind employees that personal days must be used according to the following schedule:

AFSCME- Expire on September 30
UAW- Expire on July 31
Non-Union Staff- Expire on December 31
POA- Expire on September 30

If employees do not use their personal days by this time they will lose those days. Personal leave balances can be viewed on banweb. If you have any questions, call Benefit Services at 7-2517 or benefits@mtu.edu.

What’s New in Benefits

Short instructional videos are now on the Benefits Website.

Human Resources is always looking for new ways to provide information that is quick and easily accessible whenever you need it.  We have recently added two how-to videos to our website.   The videos are designed to help employees navigate through their Banweb account with the HSA and SRA benefit.

Health Savings Account (HSA) Information

HSA Banweb assistance located at – http://www.mtu.edu/hr/current/benefits/health-plans/

Retirement Planning Resources

Supplemental Retirement Agreement (SRA) Banweb assistance located at – http://www.mtu.edu/hr/current/retirement/

 

If you need assistance, have a question or an idea for a how-to video contact the Benefits Office at 487-2517 or email us at benefits@mtu.edu

 

 

Benefit Open Enrollment Now Open

Open enrollment is your opportunity to assess your individual and family needs and make changes to your benefit package selections. This would include changing health plans, adding/removing a dependent, electing to contribute to a health savings account or flexible spending account or changing any other benefits such as life or disability benefits. If you want to continue your current elections in 2015, you do not need to take any action.

Here is a brief summary of 2015 benefits:

  • There is no change in retirement benefits for 2015; Michigan Tech will continue to match up to 7.5% of your salary that you decide to save for retirement. Tax deferred as well as Roth options for 403b and 457b plans are also available without a match should you wish to save more for retirement. Keep in mind there are IRS maximums you are allowed to contribute.
  • There is no change in life insurance, dependent life insurance, voluntary accidental death and disability, short term disability and long term disability.
  • Tech will continue to offer both the PPO and HDHP health insurance plans. For the PPO plan, the premium will increase from $112 to $114 per person per month.
  • The HDHP will continue with no monthly premium, but you will need to decide what amount if any, you put in your tax sheltered Health Savings Account to cover health care deductibles and co-pays. Keep in mind that any amount you save in your HSA that is not used, is carried over to future years, even into retirement.
  • Eyecare and Dental coverage remains unchanged.

Please plan to explore and evaluate your benefit options and cost during at an Open Enrollment educational session.

Lunch and Learn to Cover Stress Management and Attitude

Benefit Services and Northstar Employee Assistance Program (EAP) will host a Lunch and Learn.

Don Grisham, President of Northstar EAP, will present an orientation to the program.  Topics Grisham will cover include stress management and attitude.

All employees are welcome; bring your lunch, and beverages will be provided. Mark your calendars:

Thursday, November 6
Noon to 1 p.m.
Memorial Union Alumni Lounge A.

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Flu Vaccine Clinics Announced

Portage Health will offer four flu vaccine clinics on campus this fall. The vaccine is by form of injection at a cost of $30 payable at the time of service. (Cash, check or credit card will be accepted). Shots will be administered on a first-come, first-served basis; no appointment is necessary.

If you are insured by Michigan Tech’s Blue Cross Blue Shield of Michigan (BCBSM) health plan, your vaccine is free of charge and will billed to insurance if you present your BCBSM member ID card at the time of service.

Employees, retirees and family members are welcome. Be prepared to show a picture ID and anyone under the age of 18 cannot be vaccinated without parental permission. A spouse and/or child may attend without the employee.

Students are welcome to attend the clinics as well. Students with Michigan Tech’s Aetna student health plan will also have their vaccine billed to insurance.

The clinics are as follows:

  • Wednesday, October 15 during the Health Fair from at noon to 4:00 p.m. in the Memorial Union Isle Royale Ballroom
  • Tuesday, October 21 from 4:00 p.m. – 7:00 p.m. in the Memorial Union Alumni Lounge
  • Monday, October 27 from 10:00 a.m. – 1:00 p.m. in the Memorial Union Alumni Lounge
  • Thursday, October 30 from 4:00 p.m. – 7:00 p.m. in the Memorial Union Alumni Lounge
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Healthy Cooking Classes with Dining Services

Dining Services will offer two cooking classes this fall as part of Michigan Tech’s employee wellness programs. The following classes are available to benefit eligible employees.

  • Healthy Greek Cuisine, Wednesday, September 24, 2014 – Learn more about Greek Cuisine with Ernie Beutler of Dining Services.
  • Healthy Moroccan Cuisine, Friday, October 10, 2014 – Learn more about Moroccan Cuisine with Chef Eric Karvonen of Dining Services.

At each session you will prepare a meal and eat what you make.

Registration is necessary and class sizes are limited to 12 participants, please register on the Wellness Programs Page.

Contact Benefit Services at benefits@mtu.edu with questions.

Roth Contribution Option Now Available In Retirement Plans

TIAA-CREF and Fidelity now offer a Roth contribution option in the Michigan Tech retirement plans. Employees may take advantage of more choices in retirement planning by making after-tax contributions to your retirement account.

Fidelity and TIAA-CREF will be on campus to introduce the new contribution option, explain the differences between a Roth vs. traditional pretax contributions, and discuss benefits and considerations of both. Additionally, confidential one-on-one consultations will be available by appointment.

On campus workshops and confidential one-on-one consultations are as follows.

Fidelity Investments Workshop – Designing Your Financial Roadmap / Roth Option
Tuesday, September 23, 3:00 to 4:00 p.m. in Ballroom A
Registration is available at http://getguidance.fidelity.com/ or by calling 800-642-7131.
To schedule a one-on-one consultation with Fidelity on October 7 – 9, 2014 call 800-642-7131.

TIAA-CREF Workshop – The New Roth Contribution Option
Tuesday, October 14, 12:30 – 1:30 p.m. in Alumni Lounge
Registration is not necessary.
To schedule a one-on-one consultation with TIAA-CREF on October 14 – 15 call 800-732-8353.

See Retirement for more information. To enroll in the Roth, simply complete the Supplemental Retirement Account Enrollment/Change form and send it to Benefit Services for processing.

Contact benefits@mtu.edu or at 906-487-2517 with questions.