Human Resources

December 5, 2007 Benefits Update

Insurance information provided in this update pertains to individuals eligible for state insurance.

TOPICS

EIP Direct

CU Well -Fike “Activate Clemson”
Benefit Premiums Insurance and MoneyPlu$ deductions
Insurance Benefits Guides - To be mailed soon
Address Changes – Reference MyCLE for instructions
Supplemental Retirement – 2008 limits, 401k Roth and loan repayment, universal notification

EIP Direct

Employee Insurance Program Publication - December 2007 Issue:
Please reference the following link for current state insurance updates.http://www.eipnews.sc.gov/newsletter-detail.cfm?id=15D0A95B-112F-9ED8-2AFBFACD5BE6DCFB

CU Well

Fike: “Activate Clemson” (formerly Shrink Down) Free year long weight loss program
Achieve optimum health and well-being through balance, variety, and moderation, using information regarding nutrition and physical activity. This is a nation-wide effort of awareness and education open to all university employees, students and community members. Please join us at Fike beginning January 18, 2008 to participate. The weigh in schedule is listed as follows:

  • January 18, 2008 6am-6pm at Fike, first 100 participants will receive a free t-shirt
  • Every Friday thereafter through March 7th
  • Then the third Friday of every month until the end of the year
  • Fike will provide presentations on health related topics/issues each weigh in Friday at noon.

For more information on Activate Clemson, please call Fike at 656-6673

Prevention Partners- Health Promotion and Education

http://www.eip.sc.gov/prevention/index.aspx

Benefit Premiums

Insurance premiums for January 2008 coverage will be reflected in the December 28, 2007 check date. MoneyPlu$ Medical Spending, Dependent Care, Health Savings Accounts and fees for 2008 will be reflected in the January 11, 2008 check date.

Please review your paycheck on-line at http://www.clemson.edu/cubs/ to verify benefit deductions and review MyBenefits at http://www.eip.sc.gov/mybenefits.aspx in relation to any open enrollment changes. Please report any discrepancies to the benefits office.

Insurance Benefits Guides
2008 Insurance Benefits Guides will be distributed through interoffice mail sometime late December or early January. Hard copy provider directories were not provided by the state this year. Participants may reference the following site for on-line provider directories: http://www.eip.sc.gov/category/index.aspx?cat=1&p=1

ADDRESS CHANGES

Employees who change their address need to reference MyCLE at the following link for instructions to update their contact information at Clemson University and appropriate benefit vendors: http://bb.clemson.edu/webapps/portal/frameset.jsp

Supplemental Retirement

2008 Limits
The limits for the supplemental retirement plans are not changing for 2008. The limits are as follows:

403b and 401k regular $15,500
403b 15 year rule catch-up $3,000, with calculation
403b and 401k over age 50 catch-up $5,000
457 regular $15,500
457 over age 50 catch-up $5,000

For more information regarding 2008 retirement plan limits, please reference: http://www.irs.gov/newsroom/article/0,,id=174873,00.html

401k Roth and 401k loan repayment options
Clemson University is exploring options to offer a Roth 401k plan and 401k loan repayment through South Carolina Deferred Compensation Program. An implementation date has not been determined due to a system upgrade.

Current participants that have a pin number to access their South Carolina Deferred Compensation account may view the Roth 401k option on line, but the plan is not currently available at Clemson University. Changes made on line for the Roth 401k plan will not be processed until the option is implemented. More information will be provided when the options are made available. Employees may wish to talk with a tax consultant and contact South Carolina Deferred Compensation at 1-866-826-7283 for more information about advantages of using a Roth plan. When offered, the 401k Roth plan contributions will be coordinated with the regular and over age 50 catch-up tax deferred 401k and 403b plan contributions.

Universal Notification of 401k, 403b and 457 plans
Eligibility: As a reminder, all Clemson University employees may participate in the supplemental retirement plans, except those in intermittent or student employment positions.
Procedure: If you wish to enroll, change or cancel a contribution, please reference the company listings and plan options on the Clemson University website below to obtain specifics on the procedure and contact information. http://www.clemson.edu/humanres/Payroll_Benefits/Pb.htm#retirement
Changes: Changes may be made throughout the year. However, if you wish to make changes effective the first check date of January, the supporting documentation must be received at Clemson University by December 15, 2007.

Contact for further questions about supplemental retirement
Roth 401k Questions - South Carolina Deferred Compensation 1-866-826-7283
Krissy Kaylor 864-656-1545, kkaylor@clemson.edu
Pablo Unda 864-656-5591 punda@clemson.edu

INSURANCE Contact Information
Phone: (864) 656-2713 Fax: (864) 656-4672 Email: empins@clemson.edu
Address: Office of Human Resources-Insurance Benefits Office
Clemson University, Administrative Services Building, Box 345337 Pearman Blvd. Clemson, SC 29634-5337

Office Hours
Monday, Tuesday, Thursday 8am - 12pm and 1pm - 4:30 pm, closed 12pm-1pm – lunch hour
Wednesday - Not available - Insurance staff conducting new employee orientation
Friday – Available 8am-12pm, 12pm-4:30pm not available - Insurance staff completing paperwork and reconciliations.

Exceptions:
Insurance staff will not be available on the following dates due to holidays:
December 24, 2007 through January 1, 2008 Christmas Holidays and New Years
January 21, 2008 Martin Luther King, Jr. Day

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