Human Resources News Blog

Category: Retirement

Upcoming Employee Financial Health Webinars through Fidelity and TIAA

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Join the Benefits Office for these upcoming, free, live webinars scheduled this spring!

March 10th at 1:00pm:  Looking to turn your retirement savings into a “paycheck” for life? 
Join TIAA Sr. Director-Miguel Shefferson as he teaches you to diversify your investment portfolio before retirement to help offset risk.  A similar strategy can help see you through retirement.  Learn how creating a diversified income plan—one that uses a combination of income sources and includes annuity income that’s guaranteed for life that can help reduce the risks you may face in retirement and ensure you have income that never runs out. 
Register for the March 10th webinar here

April 15th at 12 noon:  Learn the Basics of When and How to Claim Social Security.
-Understand Social Security
-Considerations for claiming Social Security benefits
-Decide when to take Social Security benefits
Register for the April 15th webinar here

April 29th at 12 noon:  Prepare for the Reality of Health Care in Retirement.
–Estimate retirement health care costs
-Understand available options before and after age 65
-Plan for retirement health care costs
Register for the April 29th webinar here

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Retiree Husky Health

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Retiree Husky Health allows retirees to earn $200 for completing a Blue Cross Blue Shield Michigan Health Assessment and an annual physical.  The $200 Retiree Husky Health incentive will be paid directly to you, allowing more flexibility and choice in how you use your wellness incentive. Retiree Husky Health is voluntary and confidential.

To receive your Retiree Husky Health $200 incentive in February 2020, a Blue Cross Blue Shield Health Assessment and annual physical will need to be completed by December 31, 2019. Health Assessments and physicals completed after December 31, 2019 will count toward your Retiree Husky Health $200 incentive in 2021.

The Retiree Husky Health Checklist or the Retiree Husky Health Google Form MUST be returned to Benefits Services by January 13, 2020 for Benefits to verify participation in each activity prior to the incentive being awarded.

Retirees currently receiving the TechFit incentive will be able to continue using TechFit through 2019.

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Tuition Reduction Incentive Program (TRIP)

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Register Now for TRIP

Eligible employees whose family members will take classes at Michigan Tech may be eligible for the Tuition Reduction Incentive Program (TRIP). The program allows approved family members a 50 percent reduction in tuition at Michigan Tech. Applications to the TRIP program must be completed each academic year.

 

Students who will be enrolling in Fall semester must send their TRIP application to the Benefit Services office no later than July 1, 2016 to ensure adequate time for processing. Applications may be faxed to (906) 487-3220, sent by campus mail or delivered in person. For security purposes, please do not email applications.

 

For the policy, eligibility and application, visit Education Benefits. Please contact Benefit Services at benefits@mtu.edu or 906-487-2517 should you have any questions.

Here is the link:
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MI CUPA-HR Conference

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Michigan Tech Hosts Conference in Mackinaw City

 

The 2015 Michigan College and University Professional Association for Human Resources (MI CUPA-HR) Conference was hosted by Michigan Technological University September 17-18 in Mackinaw City, MI.

 

This year’s theme People, Process, and Performance:  Bridging the Gap brought together nearly 100 Human Resources professional from 17 different Michigan colleges and universities to share their expertise and energy.   Conference participants attended sessions covering a wide array of topics including Employee Engagement, Wellness Initiatives and the Future, Proposed FLSA Regulations, Conflict Resolution, and Negotiating in Today’s World.  Of particular interest was a session presented by Michigan Tech’s Kerri Sleeman, Executive Director, Facilities Management and assisted by Heidi Reid, Employment Services Representative, Human Resources, titled “Digital Negotiations and the HR Impact”.

 

They were also motivated by keynote speaker, Ken Trazska – President of Seward County Community College/Area Technical College in Kansas, who spoke on creating an inspiring, connected, and respected HR Culture.  Networking opportunities were abundant throughout the conference including a breathtaking Sunset Boat Cruise.

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Retirement Supplemental Voluntary Program (RSVP) Enrollment Period Begins

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The Retirement Supplemental Voluntary Program (RSVP) is a voluntary retirement program offered to eligible Michigan Tech employees. While employees are not constrained to retire at any particular age, arrangements for retirement are a natural part of an employee’s personal and professional planning. This program provides information and, in some cases, incentives, that should make retirement planning easier.

The window period for which an employee may sign their RSVP election is between July 1 and October 31, 2014. Employees electing the monetary Retirement Option must retire on or before June 30, 2015. Prior to electing RSVP, employees must meet with the Benefits Office for a confidential meeting to verify eligibility. The RSVP policy can be found online at http://www.mtu.edu/hr/benefits/retirement/.

The RSVP cap on the monetary benefit is adjusted periodically based on the percentage increase in the contribution and benefit base amount established by the Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI) program. The cap was increased on May 21, 2014 to $68,905.

Questions can be directed to Benefit Services at 487-2517 or benefits@mtu.edu.

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