2013 Employee Benefits Guidebook - Administration Home

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2013 Employee Benefit Guidebook Updated August 2013 provisions stated above. If hired before 2013 and you leave employment with 5 years or more of service, you have the option of taking the money out of the Plan with the same provisions stated above. You may choose to leave your money in the Plan until you are eligible to begin a monthly benefit anytime between age 55 and 61 at a reduced benefit (3% for each year under age 62), or at age 62 with no reduction. No further contributions can be made. Your contributions accumulate interest. The current interest rate is 3%. You may withdraw the money at anytime which then forfeits any future benefits and the taxes and penalties apply. Again, you only get back your contributions plus interest. The County’s portion is forfeited. DEATH BENEFITS: If you die while you are actively employed by the County and are not vested, your beneficiary will receive your contributions and interest. If you die, were vested and under age 55, your beneficiary could take two times your account balance or they could leave the money in the Plan until you would have been 55. They would then receive a lifetime benefit equal to 60% of the benefit you had accrued. If you were already 55 and vested, they could begin that 60% benefit immediately. If you were already 62, it would be treated as a 100% J & S benefit and benefits would begin immediately. IF YOU LEAVE AND RETURN: If you leave employment and return to work full-time within 48 months and had removed your contributions from the Plan, you have the option of repaying your contributions, plus interest, for the period of time you were gone. You would get credit for your prior service. You have one year from the date you are re-hired to re-pay the Plan. If you were vested and left your money in the Plan, you would pick up where you left off and would be credited with the prior service at retirement. PURCHASE OF SERVICE: Hired post-2013 and after 8 years or hired pre-2013 and after 5 years you can purchase service from a previous employer. The cost is based upon an actuarial equivalent of your final average salary at the time of purchase. You would be purchasing service from a previous employer that you participated in a retirement plan with but are not entitled to a retirement benefit from. It has to be full-time employment. Verification from your previous employer is needed stating your dates of full-time employment and non-vested status. MEDICAL BENEFITS: To be eligible for continuation of medical coverage the employee must be enrolled on the county’s medical plan at the time of retirement. Retiree Eligibility Definitions: Normal Retirement – Age 62 Years and who have a minimum of eight (8) years, if hired after 2013, or five (5) years, if hired prior to 2013, of creditable service as an employee of El Paso County are eligible for continuation of health insurance medical benefits, if enrolled at the time of retirement. Early Retirement – Retirees who were fifty-five (55) years of age or older when he/she left the continuous service of El Paso County and who have a minimum of eight (8) years, if hired after 2013, or five (5) years, if hired prior to 2013, of creditable service as an employee of El Paso County are eligible for continuation of health insurance medical benefits, if enrolled at the time
2013 Employee Benefit Guidebook Updated August 2013 of retirement. Elected officials who were fifty-five (55) years of age or older when he/she left the service of El Paso County and who have a minimum of eight (8) years, if elected after 2013, or five (5) years, if elected prior to 2013, of creditable service with El Paso County are eligible for continuation of the County’s self-funded medical benefits, if enrolled at the time of separation. This eligibility clause is effective for all employees retiring after January 1, 2003. Special Early Retirement – Rule of 75 Years. Age + creditable (continuous) years of service must equal 75 years. (No minimum age requirement) Eligibility: Retirees and eligible dependents (spouses and/or children) of retirees may continue medical coverage on the County’s self-funded medical plans if the retiree is currently enrolled and elects such coverage at the time of retirement. (Retirement is not a qualifying life event.) Spouses and dependent children can continue coverage under the medical plans if they meet the eligibility requirements outlined in Chapter IX of the El Paso County Employee Policies and Procedures manual. Spouses may continue to receive coverage under their own identity after the retiree has become entitled to Medicare, reached age sixty-five (65) or death. The spouse is eligible to remain on the EPO medical plan until age sixty-five (65) or Medicare entitlement, whichever may occur first, at which time they may choose to enroll in the 65+ PPO Plan. Dependent children of a retiree that is no longer eligible for the medical plans will be allowed to continue coverage as a dependent on the EPO Medical Plan until the retiree’s spouse reaches the age of sixty-five (65) or Medicare entitlement, provided the dependent child meets the eligibility requirements. Once the retiree’s spouse reaches the age of sixty-five (65) or Medicare entitlement, the dependent child is no longer eligible for the EPO Medical Plan. If the retiree has coverage for eligible dependent children and no spouse coverage and the retiree becomes entitled to Medicare, reaches age sixty-five (65), or dies, the dependent child is eligible to remain on the EPO Medical Plan until they no longer meet the definition of an Eligible Dependent. When enrolled retirees and spouses of retirees become Medicare eligible, they are no longer eligible for the EPO plan but can enroll at that time in the PPO 65 + Plan, provided the member is also enrolled in Medicare Part A and Part B. The PPO 65+ Plan will be the covered individual’s secondary insurance and pay after Medicare pays in accordance with plan provisions. Please contact the Employee Benefits office for more information at 719-520-7420. (The PPO 65+ Plan will only be offered if the County meets all eligibility requirements as defined by the Plan Provider. If the eligibility requirements are not met, the benefit will not be offered until such eligibility is guaranteed and will begin on January 1st of the following year.) For the retiree and dependents of the retiree to be eligible for continuation of health benefits, the retiring employee and dependents must be currently enrolled and elect to continue the coverage at the time of retirement. If the retiring employee does not elect continuation of the
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Page 3 and 4: PHONE DIRECTORY Employment, Benefit
Page 5 and 6: IMPORTANT INFORMATION SUMMARY OF BE
Page 7 and 8: EMPLOYEE CONTRIBUTIONS AND POP: The
Page 9 and 10: MEDICAL, VISION AND DENTAL PLAN PRE
Page 11 and 12: Questions regarding which protectio
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Page 17 and 18: Note: The copayment will apply as l
Page 19 and 20: Pregnancy * Initial visit (to confi
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