The general salary increase of 2% was processed with an effective date of January 1, 2014. Eligible employees will see the increase in the paycheck they receive on January 31, 2014.
The university's inaugural Retirement Readiness Fair was held on October 28, 2013. Participants included: Kentucky Teachers' Retirement System (KTRS), Kentucky Retirement System (KRS), TIAA-CREF, Valic, Kentucky Deferred Compensation, ING, and the Social Security Administration.
The Employee Benefits Advisory Committee (EBAC) met with broker Neace Lukens and representatives from United Healthcare, the university's health insurance provider, for the annual health insurance plan review. This meeting serves as the starting point for the employee benefits renewal process which leads to the annual open enrollment cycle in the spring.
The 2013-2014 Employee Benefits Guide has been completed. The Guide is also posted on the Office of Human Resources website: http://www.kysu.edu/NR/rdonlyres/31B7E67E-2EF7-4E39-90A1-4233D69DA1A9/0/KSU_BenefitGuide2013_14Final.pdf.
Informational Item
Initiator:Ms. Anita Lockridge, Vice President for Finance Administration
Board Action Date:January 24, 2014
Effective Date:January 24, 2014