Since 2021 is drawing to a close, it鈥檚 a good time to review your 黑料吃瓜网 retirement benefits. We are sharing the Annual Benefits Letter from the Faculty Council on Benefits and Retirement (FBCR).聽 It鈥檚 packed with good links and information that is relevant to professional staff. Below, we highlight a few upcoming benefit changes and information about a review of the 黑料吃瓜网 Retirement Plan (黑料吃瓜网RP):
- WA Cares Fund: Starting in 2022, all employees in Washington State must contribute to the WA Cares Fund, a new mandatory long-term care insurance operated by the State. If you have private LTC insurance, for instructions on how to obtain an exemption.
- Long-Term Disability (LTD) Insurance: Also starting in 2022, all 黑料吃瓜网 employees will be . You can .
- Possible Errors in 黑料吃瓜网RP Contributions: Several faculty members have alerted 黑料吃瓜网 about possible errors in past contributions to the 黑料吃瓜网RP. See here for a recording of an FBCR meeting about this topic. The 黑料吃瓜网 Administration has agreed to conduct an outside review of the 黑料吃瓜网RP for the years 2017 to 2021 and to determine corrective measures based on the review. We will keep you updated on the status of this review.
We have to dig into more information about retirement benefits and options.
We want to thank FBCR for sharing the document with us and allowing us to excerpt portions of the letter in our newsletter on our website. As you may know, the PSO board has representatives on Faculty and University Councils to stay informed about issues on campus and represent professional staff interests.