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Disability insurance Dec. 15 deadline reminder 6:14 p.m., Dec. 12, 2005--UD’s Office of Human Resources reminds for staff who participate in the State Employees’ Pension Plan that effective Jan. 1, 2006, the Pension Plan will implement a short-term and long-term disability insurance program that, for many participants, will replace the current disability pension benefits. Individuals who are vested--i.e., have five or more years of credited pension service--have until Dec. 15, 2005, to make a decision to join the new plan or remain with their current coverage. If you are a vested State Pension Plan participant, please visit the Office of Pensions web site at [http://disability.pensions.omb.delaware.gov/] to make your online election. Vested employees who fail to make an election will retain their current disability coverage through the Office of Pensions and University Long-Term Group Disability Insurance plan. Nonvested employees will be automatically enrolled in the new plan. For a majority of participants, the new plan will offer a better overall benefit. In particular, the new plan’s short-term disability insurance is an enhancement to the current coverage available to State Pension Plan participants. Under the new plan, individuals will also continue to receive pension service credit for periods when they are receiving disability income benefits. At retirement time, this service credit can have a significant positive impact on a retiree’s pension income. More information about the new options is available on the Office of Human Resources web site [www.udel.edu/hr]. Questions about the disability benefit options may be directed to the Office of Pensions at (302) 739-4208 or 1-800-722-7300 or to the University’s Office of Human Resources by phone (302-831-2171) or by e-mail to [ben-serv@udel.edu]. |
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