WELCOME TO FLORIDA ATLANTIC UNIVERSITY BENEFITS and RETIREMENT

WELCOME TO FLORIDA ATLANTIC UNIVERSITY BENEFITS and RETIREMENT Orientation (561) 297 -3073 -Benefits (561) 297 -2061 -Retirement (561) 297 -3077 - Time Keeping Fax: (561) 297 -3915 3/10/2021 1

EMPLOYEE BENEFITS Leave Time n Annual Leave l SP (Support Personnel) n Up to 5 years – 4 hours bi-weekly n 5 to 10 years – 5 hours bi-weekly n Over 10 years – 6 hours bi-weekly n Can accrue to a maximum of 240 hours n Must have supervisor’s approval to use 3/10/2021 annual leave. (Approval obtained in advance) All hours over maximum will roll over to sick leave after December 31 st. 2

EMPLOYEE BENEFITS Leave Time n Annual Leave l Faculty n 12 month – 6. 7 hours bi-weekly l Can accrue to a maximum of 352 hours n 9 month - No Annual Leave l AMP (Administrative, Managerial, Professional) n 6. 7 hours bi-weekly n Can accrue to a maximum of 352 hours 3/10/2021 All hours over maximum will roll over to sick leave after December 31 st. 3

EMPLOYEE BENEFITS Leave Time n Sick Leave l Support Personnel, Faculty, and AMP n n 4 hours bi-weekly (13 days a year) Sick leave can be used for immediate family Annual leave can be used if sick leave Hrs. has been depleted Personal Leave l Support Personnel and AMP l Used during current fiscal year Effective date of hire n Use in one increment (8 hrs. ) n Must be Used between July 1 st through June 30 th n l 3/10/2021 Use it or lose it 4

3/10/2021 n Full Time and Part Time employees are eligible n Minimum one year of service n Minimum balance of 64 hours Sick leave hours from the Pool shall be granted only for the employee’s serious or catastrophic personal illness or injury. Employees donate 16 hours and can apply up to a maximum of 480 sick leave pool hours once personal leave has been 5 exhausted.

3/10/2021 n PPO l Blue cross & Blue Shield of Florida n HMO’s l Av. Med l Vista l United. Health. Care 6

Insurance Comparison Biweekly Premium 3/10/2021 30 day supply for prescription Generic n Individual n $10. 00 coverage Preferred $25. 00 n $25. 00 Non-Preferred n Family Coverage n $40. 00 $90. 00 Office visit n $15. 00 Cost will be different n $25. 00 specialist for part-time employees 7

HMO’s n Covered in the area that you live in or work in Vista and Av. Med have providers in Dade / Broward / Palm Beach County United Healthcare- has providers in Dade / Broward/ Palm Beach County/ Martin County n No approval is needed by PCP to see a specialist No deductible No claims to file n Rx through Mail Order n Emergency Room n n 3/10/2021 $50, waived if admitted 8

PPO- Blue Cross & Blue Shield n n n World wide coverage (network providers are also located world wide) No referral is needed to see a specialist Co-insurance (based on percentage) Calendar year deductible Rx through Mail Order Emergency Room $50, waived if admitted 3/10/2021 9

PPO network Non-network n Deductible $250/person $500/family n n n Network allowed amount 80% Hospital Stay $250 Ambulance 100% with no deductible n Deductible $750/person $1500/family n n n Network allowed amount 60% Hospital Stay $500 Ambulance 100% with no deductible Calendar Year out-of –pocket maximum $2, 500/person; $5, 000/family After your out-of –pocket costs reach the maximums, plan pays 100% for covered care in most cases, up to allowable costs 3/10/2021 PPO Lifetime maximum - $2, 000 Traditional HMO’s- Unlimited 10

The FAU Pharmacy is currently contracted with CAREMARK-Florida Blue Cross/Blue Shield. FAU Pharmacy also carries a wide variety of over-the – counter products including: cough and cold medication, pain relievers, hygiene products, bath and beauty aids, etc. (Boca Campus Only) 3/10/2021 More plans are being added continuously as contracts are approved. 11

High Deductible Health Plan- PPO (Blue Cross & Blue Shield) Biweekly Cost Individual Family Coverage coverage Biweekly $32. 15 $7. 50 Covers care received Annual deductible Individual coverage Family coverage What you pay for care received after deductible Medical care Prescription drug ogeneric drug and preferred brand onon-preferred brand Annual out-of-pocket maximum Individual coverage Family coverage High Deductible Health Plan - HMO (Av. Med, Vista) non-network in network only In Network $1, 250 $2, 250 Non-network $2, 500 $5, 000 $1, 250 $2, 500 20% 40% 20% 30% not covered 30% 50% not covered 50% $3, 000 $6, 000 $7, 500 $15, 000 $3, 000 $6, 000 after your out-of-pocket costs reach these maximums, plan pays 100% for covered care in most cases, up to allowable costs 3/10/2021 Preventive care same as current PPO, no deductible required for some physical exams and screenings Same as traditional HMOs, 12 no deductible required for some physical exams and screenings

For someone participating in a HSA (health savings account) for full year. . State Contributes Employee can add: Individual Coverage up to $500/year up to $750/year tax -free Family Coverage up to $1, 000/year up to $1, 500/year tax-free Employees receive HSA debit card and convenience checks n n n 3/10/2021 n 1. pay for expenses while meeting deductible 2. Pay coinsurance (based on percentage) 3. pay for other healthcare like dental and vision not covered by FSA or other plans. . 4. save for future healthcare costs next year or longer 13

Limited Purpose Medical Reimbursement Account (to be used in conjunction with HSA) n n n 3/10/2021 n You can use the LPMRA to cover dental, vision and over-the-counter medication costs considered tax deductible by the IRS but not paid by any health plan Dental and vision expenses Orthodontia not covered by a dental plan Over-the-counter medications n You can set aside as much as $5, 000 in an account 14

Flexible Spending Accounts program FSA allows you to set aside a portion of your income to pay for health and dependent care expenses not covered by your insurance. Deduction amounts are taken from your gross pay before FICA and Social Security taxes are calculated Medical Reimbursement Account n n Minimum amount $60 Maximum amount $5000 Dependent Care Reimbursement Account Minimum amount $60 If you are married filing separately n Amount $2500 If you are single and head of household or married filing jointly n Maximum $5000 n If your spouse is a full-time student or incapable of self-care, your maximum annual deposit is $3000 a year for one dependent and $5000 a year for two or more dependents. n 3/10/2021 n n n Reimbursements are processed within 7 days Total claims must be $25. 00 or more Deadline for filing is April 15 of the following Year You must use money by the end of the year or it will be forfeited. 15

Eligible Health Care Expenses n n n n n 3/10/2021 Acupuncture Chiropractors Contraceptives Co-payments Cancer screening Deductibles Dental fees Eye exam & glasses Hearing aids Insulin n n n n Immunizations OTC medicine Prescription drugs Pediatrician Transplants Vaccines Wheel chair Drug addiction therapy X-RAY fees 16

Eligible Dependent Care Expenses Day care services n In-home care n Nursery n Pre school and after school care n Summer day camps n Baby-sitting fees n 3/10/2021 17

Ineligible Health Care Expenses n n n n n 3/10/2021 Toothpaste Cosmetics and toiletries Diaper service Anti-baldness drugs Health club dues Weight loss programs Dental whitening (bleaching) Insurance premiums Maternity clothes 18

Ineligible Dependent Care Expenses n n n n 3/10/2021 Dues or membership fees Child support payments Fees for meals Transportation fees Books and supplies Extra fees charged for late payments Fees paid for children over the age of 13 19

What Should I Know About My Options? A High-Level Look at How the Plans Work High Deductible PPO High Deductible HMO Av. Med, Vista State Employees’ PPO Traditional HMOs Av. Med, Vista, United. Healthcare Choice of Providers Network or Non. Network Only Network or Non-Network only Lifetime maximum $2, 000/Person* Unlimited $2, 000/person* Unlimited Health Savings Account? YES No No Reimbursement Account? Yes, Limited Purpose Medical Reimbursement Account $5000 PER YEAR Monthly Cost Individual $15. 00 Family $64. 30 Prescription drugs Annual deductible Individual coverage Family coverage Annual out-of-pocket maximum after any deductible Individual coverage Family coverage How you pay for most care Yes, Medical Reimbursement Account $5000 PER YEAR Individual $50. 00 Family $180. 00 30%-50% of Cost Not Covered 30%-50% of Cost Network Non-Network $1, 250 $2, 500 $5, 000 $2, 500 $3, 000 $7, 500 $3, 000 $2, 500 $1, 500 $6, 000 $15, 000 $6, 000 $5, 000 $3, 000 Percentage of cast after deductible Network – set co-payments Nom-network – percentage of cost after deductible Set co- payments Percentage of cost after deductible 3/10/2021 Set amount Network Set amount Non-Network $250 $750 $0 $0 $500 $1, 500 20 With family coverage, you must meet family deductible before anything but preventive care is covered

n Pre-existing conditions will be covered if you have a certificate of creditable coverage for 12 months under the PPO plan. (Pre-existing conditions are covered under traditional HMO’s) n Employees and dependents are covered at 100% for preventative care benefits under the PPO and HMO plans. -physical exams including lab work -routine eye test -hearing tests -PSA test for males 50 and over 3/10/2021 Other preventative benefits are listed in the PPO and 21 HMO benefits guide

All dependents from age 19 through the end of the calendar year in which the child turns 25 must meet both of the following criteria to continue coverage. n n n 3/10/2021 Must be dependent upon the employee for support, and Must either live with the employee or be a full-time or part-time student Copies of birth & marriage certificates are needed for all dependents should be sent directly to People. First. 22

Spouse Program – When both spouses are full –time active State Employees, there is no cost for health insurance coverage. Employees may not change their benefits elections during the course of a plan year unless they experience a qualifying status change (QSC) event. 3/10/2021 Examples: marriage or divorce / Death of a spouse or dependent / Birth, adoption, or legal guardianship / change from part time to full 23 time or vice-versa.

n n TRICARE is a Federal health insurance program for the military community at no cost. To verify your eligibility for TRICARE benefits, contact the Defense Enrollment Eligibility Reporting Systems (DEERS) at the following toll free number: 1 -800 -638 -2610 or visit their Web site at http: //www. tricare. osd. mil/ 3/10/2021 24

View your benefits through an Online secure website at https: //peoplefirst. myfl orida. com n People First Service call Center (1 -866 -663 -4735) n Fax number for People First Service Center is (904) 828 -6092 n 3/10/2021 25

n n n Checks are payable to: Florida Atlantic University. Please include your requested effective date (month and year) on the check. All enrollment forms should be sent to Personnel Services Department Administration Building, room 107. 3/10/2021 26

n n 3/10/2021 Basic Life Insurance coverage is 1. 5 times base annual earnings (pre-tax) Optional Life Insurance – Employees may additional term life insurance by selecting 1 to 5 times their annual salary (post tax) Basic and Optional life insurances will terminate when you terminate employment 27

n n Cigna Denticare Oral Health Services American Dental Plan Premiums are listed on the enrollment form Cost will depend on the coverage selected 3/10/2021 28

Prepaid n n n 3/10/2021 Each member chooses a dentist from a list of providers Many no charge benefits available No claims to file No deductibles Expenses for preventative and restorative care vary by company American dental and Denticare also include vision discounts 29

n Indemnity / DPPO n May may select any dentist More out of pocket expense Coinsurance, deductibles and maximum annual benefits Coverage and cost vary by company Employees will pay out of pocket for services and then submit a claim for reimbursement n n 3/10/2021 30

Bi-Weekly rate: Employee only $3. 48 Employee + Family $8. 94 3/10/2021 31

n n n 3/10/2021 $10 co-pay for Vision Exam (once a year) $15 co-pay for Lenses Frames- every 2 yrs $150 allowance Contact lenses - $100 allowance LASIK- 15% discount or pay no more than$1, 800 per eye for the procedure 32

Supplemental Insurance Plans pay you cash for out of pocket expenses AFLAC – cancer, hospital and intensive care insurance n Capital Insurance – hospital insurance and vision discount program n Gabor Agency – Long Term disability coverage (30 or 90 day waiting period) long term care, hospital, group term life insurance n Detail information about each plan is provided through a brochure n 3/10/2021 33

Wachovia Insurance Services Automobile Insurance l l l Private passenger automobile insurance Antique or classic car insurance Recreational vehicles, Motorcycles Other Personal Insurance l l l Valuable items special coverage for furs, jewelry, antiques, collectibles, etc. boats, yachts, watercraft Flood Insurance Homeowners insurance is only available in certain parts of Palm Beach county Enroll any time during the Year! 3/10/2021 34

PREFERRED LEGAL PLAN 3/10/2021 Biweekly Cost $4. 97 n Unlimited free legal advice via phone n Free review of legal documents n Free face-to-face initial consultations n Free letters and phone calls made on your behalf n Free credit report analysis and repair n Free simple wills for member & spouse n Free notary services n 40% - 70% reduced off legal fees and services 35

Credit Unions Palm Beach County Broward County accounts can be open at any time 3/10/2021 competitive rates on home, personal and 36 auto loans

BENEFITS US Saving Bonds - $50~$10 k National Bond & Trust n EAP – Employee Assistance Program Counseling Service Institute 3 free sessions with a private counselor Finances Legal Marital abuse Alcoholism Drug abuse Eating Disorders Family counseling Addictions Emergency Line 800 492 -0253 n 3/10/2021 37

BENEFITS n Employee Educational Scholarship Program (EESP) n To Qualify: Full –time employee 6 months of employment undergraduate - C grade Graduate - B grade n n 3/10/2021 Employees are allowed to take up to 6 credit hours per semester. 38

3/10/2021 n Print all forms needed for changes or enrollment n Have direct link to all insurance websites and vendor numbers n Receive discount information on Tri-Rail, Universal Studios, Busch Gardens and other theme parks in Florida n View Employee Handbook and commonly asked questions n Print Employee Educational Scholarship Program form n Use our Benefits Calculator n Log on to: http: //personnel. fau. edu/benefits/ 39

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Florida Retirement System n State sponsored retirement plan All retirement contributions are paid by the State of Florida Pension Plan Investment Plan n Eligible Employees: n n n l l 3/10/2021 All faculty AMP employees SP employees are automatically enrolled in the FRS when employed by the University. 41

Florida Retirement System n n FRS Pension Plan Must have 6 years of creditable services in order to receive retirement benefit Normal retirement is considered to be age 62 with 6 years of service or 30 years of service, regardless of age. For Special Risk members, normal retirement is considered to be age 55 with 6 years of service or 25 years of service, regardless of age. n n n 3/10/2021 Retirement benefit is based on your earnings, length of service, and membership class, and is adjusted by a 3% cost-of-living each July. Subsidy for Health insurance( $5 for every year worked) Eligible for DROP (deferred retirement option program) DROP was implemented on July 1, 1998, It is a program that allows employees to retire without terminating employment for up to 5 years. Employees retirement benefits accumulate and earn interest compounded monthly at an effective guaranteed annual rate of 6. 5%. 42

Florida Retirement System FRS Investment Plan n You must be vested (with 1 year of FRS creditable service) in order to receive retirement benefit. (9% contribution) n There aren't any age or service requirements for you to receive a benefit, once you've become vested. You should consult a tax specialist to get an explanation of the tax implications of early retirement n Health Insurance Subsidy is available only after you attain six years of FRS service credit and you reach normal retirement eligibility Not eligible for DROP participation n n If you're vested when you leave FRS-covered employment and go to work for a non-FRS employer, you can: l l l 3/10/2021 Leave your account in the Investment Plan, where it will remain invested until you withdraw it; Roll your account over to an Individual Retirement Account (IRA) or to the plan of your new employer, if that plan accepts rollovers; or Have your account paid to you. You'll have to pay taxes on this 43 amount in the year during which it's paid to you.

Florida Retirement System n n n 3/10/2021 You have a one-time opportunity after your Choice period ends, or you make your plan election, if earlier, to switch from the Investment Plan to the Pension Plan, or from the Pension Plan to the Investment Plan. You will have to "buy-back" cost to convert plans For more information log on to: www. myfrs. com. or call 866 446 -9377 44

ORP-Optional Retirement Program n n n 3/10/2021 Only AMP and Faculty are eligible for ORP. The ORP is a defined contribution plan that provides full and immediate vesting of all contributions. FAU contributes 10. 42% and employees can match that amount. Maximum amounts employees can contribute for the year. - $15, 000 - Over 50 years of age $20, 000 After the first 90 days if no choice is made, employees are automatically enrolled in the FRS pension plan. 45

Tax Sheltered Accounts (TSA) TSA is a savings plan which allows you to invest a chosen dollar amount as a pre- tax deduction. Contribution amounts can be changed or stopped at any time. 3/10/2021 46

TSA Companies n n n n n 3/10/2021 AIG/VALIC Fidelity Investments Jefferson National ING Met. Life Resources Met. Life/Valic SYMETRA/Sun. Life/Trans. America Life T. Rowe Price Ins. TIAA-CREF 47

Department of Personnel Services Florida Atlantic University 777 Glades Road Boca Raton, FL 33431 Phone: (561) 297 -3073 -Benefits (561) 297 -2061 -Retirement Fax: (561) 297 -3915 3/10/2021 48