Go to navigation Go to content
opener

Total Rewards frequently asked questions

Browse FAQs or filter by topic, audience, or program.

Audience
Program
Topic
 
Did retiree insurance change for employees who retired prior to 1/1/18?

Changes to UM System retiree insurance eligibility and subsidies, effective 1/1/2018, have no effect on employees who retired prior to 1/1/2018. These retirees, as well as their spouses and other dependents, who are enrolled in UM’s insurance plan(s) will:

  • Retain their UM insurance coverage—including medical, dental, life, and vision insurance.
  • Retain the current subsidy from UM—including subsidies for spouses and other dependents.

For a list of current plans available to retirees—including dental, vision, and life—visit the retiree benefits overview on the Total Rewards website.

Link to this FAQ

How do changes to retiree insurance, effective 1/1/18, affect current faculty and staff?

Under the changes, employees’ eligibility for UM System retiree insurance benefits, as well as their eligibility for a UM System premium subsidy, is different depending on their age and years of service. Visit the Retiree benefits overview webpage for general information on eligibility.

Link to this FAQ

What research was conducted to support the new structure of retiree insurance, effective 1/1/18?

The Retiree Medical Study provided the research on which the Total Rewards Advisory Committee (TRAC) made its deliberations when developing its retiree insurance recommendations, which have since been approved and implemented. For more information, access the Retiree Medical Study webpage or the Retiree Insurance Eligibility webpage.

Link to this FAQ

When deciding which Access Category I am in, does UM round my age and years of service?

Effective January 1, 2018, employee’s eligibility for the university’s retiree insurance plans will change. Eligibility will differ based on whether an employee falls into Access Category A, B, C, or D. The Access Category you are assigned to is based on whole numbers; partial years are not counted. For example, if you are age 50.5 and have 5.5 years of service, you drop the half a year on each and add 50 and 5. In this example, the calculation is 50 + 5 = 55. It’s not 50.5 + 5.5 = 56.

Link to this FAQ

Do changes to retiree insurance affect all retiree insurance benefits, or just medical plans?

The changes in eligibility pertain to all retiree insurance plans including life insurance plans.  Changes in subsidies pertain only medical and dental plans; all other plans are unsubsidized both for current faculty and staff and eligible retirees.

Link to this FAQ

How does an employee become eligible for UM retiree insurance right now?

Employees who retire on or after January 1, 2018, are eligible for retiree health insurance if they: were employed in a UM System benefit-eligible position on December 31, 2017; reached at least five years of vesting service as of December 31, 2017; and reach at least 60 years old by retirement date; and accrue at least 20 years of creditable service to the UM System by their retirement date.

Link to this FAQ

If I have a sick or vacation time accrued, what happens to it when I retire?

When you retire, you will receive day-for-day service credit for accrued sick leave, and there is no cap on sick leave accruals. 

For unused accrued vacation time, you will receive service and salary credit. Unused accrued vacation time is paid out over time at retirement; there are caps on vacation accrual based on your accrual rate. 

Link to this FAQ

If an employee retired, then returns to a benefit-eligible position, could the benefit change again?

We can't tell you absolutely that UM System retiree insurance will never change again. But at this time, we don’t anticipate additional changes. If an employee retires and comes back to a benefit-eligible position, the retiree would return to their original retiree insurance eligibility as of their original retirement date.

Link to this FAQ

I’m in Category B with 19 years of service on 1/1/18. Can I enroll in ret. insurance after 1/1/18?

If retiring 1/1/18 or later, you must work to at least age 60 and attain at least 20 years of service to be eligible for retiree insurance. Category B employees who work to age 60 and attain 20 years of service can enroll in UM System retiree insurance plans, any date after the employee reaches those two benchmarks.

Link to this FAQ

I’ve heard I can only retire at certain times of the year; is that true?

If you are in a 9-month appointment, you may retire on 3/1 or 9/1. All others can retire on any day of the year after meeting the eligibility requirements to be a retiree.

Link to this FAQ

If spouses work for UM, what if one retired while eligible for ret. insurance and the other didn’t?

If a spouse lost eligibility for UM System retiree insurance, the retiree may add the spouse as a dependent for UM System retiree insurance benefits. Please keep in mind, the newly covered spouse is eligible only for continued coverage under the same programs that individual was enrolled in as an eligible employee. Additionally, such a change must be made within 31 days after the change in status.

Link to this FAQ

If I’m 62 or older, can I continue to work in the UM System (UM) after retirement?

If you are at least age 62 at retirement, you may be eligible to return to work after retirement. Please note:

  • You must complete all the necessary paperwork to apply for and initiate your retirement.
  • You may only return to work on a part-time basis. In other words, you may work at less than 75% full-time equivalency (FTE) at department and University discretion.
  • The “less than 75% FTE” threshold is measured by including all appointments you may hold at any given time.
  • The decision of whether you will be offered continued employment is at the discretion of the department and the University.

Link to this FAQ

If I meet eligibility requirements, what UM health insurance plans can I enroll in as a retiree?

If eligible, a retiree may enroll in the plans they were enrolled in immediately prior to their retirement date. For more information, access the Retiree benefits overview webpage.

Link to this FAQ

Who receives a 1099-R?

Anyone who receives a distribution from the Retirement, Disability and Death Benefit Plan (i.e., receives a pension payout) during the tax year, will receive Form 1099-R from the University.

Link to this FAQ

When will I receive Form 1099-R?

If you receive a pension payout, Form 1099-R will be available to you in myHR.  To access the form, select the “Payroll” tile, then in the left-hand menu choose “View Your 1099-R Form.”  You will be prompted to enter your password to access the electronic form. 

Retirees do not have the option to provide electronic consent for the 1099-R form so a paper form will be postmarked to you by the end of January (or early February if the end of January falls on a weekend) for delivery by the US Postal Service. Please allow 10 business days for delivery.

Link to this FAQ

I didn’t receive my Form 1099-R. How can I obtain a reprint?

Form 1099-R will be postmarked by the end of January (or early February in year's where the end of January falls on a weekend) for delivery by the US Postal Service. Please allow 10 business days for delivery. If you have not received your 1099-R form by February 16, please contact the HR Service Center to request a reprint via.

The 1099-R form is also accessible in myHR. To access the form, select the “Payroll” tile, then in the left-hand menu choose “View Your 1099-R Form.”  You will be prompted to enter your password to access the electronic form. 

Link to this FAQ

I won’t be 62 when I retire; can I continue to work for the university after retirement?

Those who retire before age 62 must execute a “bona fide” termination, consistent with IRS standards. If you are younger than age 62 at retirement, you must complete all the necessary paperwork to apply for and initiate your retirement. You are not eligible to return to work unless certain criteria are met.

The following measures are in place to ensure a “bona fide” termination took place:

  • The employee and the employer did not engage in discussions regarding reemployment before the employee’s effective date of retirement/separation from service (i.e., your official retirement date). Therefore, for employees who have not reached 62, discussions about reemployment are prohibited.
  • The break in service before reemployment is at least 90 days from the effective date of retirement/separation, unless the rehire is part of a competitive hiring process, which generally includes posting of the position, receipt of applications, and interviewing candidates.
  • In order to ensure that there is not an understanding or agreement to rehire prior to effective date of retirement, the employee may not apply for a position until after the effective date of the employee’s retirement/separation.

If these criteria are met, then at the discretion of the department and University, you may return to work. However, in order to continue receiving pension benefits, you may only work on a non-benefit eligible basis (less than 75% FTE). Please note, the “less than 75% FTE” threshold measurement includes all appointments you may hold at any given time.

Link to this FAQ

How can I find out if my doctor or other provider is a member of the UHC Group PPO Network?

To find out if your provider participates in the UHC Group PPO Network, you can ask your provider if they are a UHC Medicare Advantage Provider, or you can also call UHC’s university-dedicated toll-free number at 1-866-899-5903, TTY 711, from 8:00 a.m. – 8:00 p.m. in your local U.S. time zone, seven days a week.

Link to this FAQ

What happens if I am traveling overseas and need care?

The university-sponsored UHC Group Medicare Advantage plans include worldwide coverage for emergency or urgently needed services, when medical services are needed right away because of an illness, injury, or condition that you did not expect or anticipate, and you can’t wait until you are back in the United States to address it. If you incur expenses for emergent or urgently needed care while traveling outside of the United States, you will have to personally submit your claims to UHC for reimbursement.

Link to this FAQ

What is ERIP?

ERIP stands for Employee Retirement Investment Plan. Learn more on the Core and Voluntary Plans webpage.

Link to this FAQ

What is RDD?

RDD stands for Retirement, Disability and Death Benefit Plan. Learn more about RDD by visiting the Core and Voluntary Plans webpage.

Link to this FAQ

Does the “90-day break” apply to retirees moving from one appointment to another?

No. If an employee has been rehired after retirement in a manner consistent with the standards discussed on the Retiree Rehire Requirements webpage, there is no requirement for a break in service before moving from one appointment to another.

Link to this FAQ

Can retirees be rehired as independent contractors/consultants since they’re not UM employees?

Yes, if the retiree meets all of the IRS and UM criteria required to be an independent contractor or consultant. The retiree may be hired as such since contractors are not considered UM employees. However, this mechanism must not be utilized in order to circumvent the policy of reemploying retirees. Contractor and consultant appointments must be approved in advance by campus business services.

Link to this FAQ

Does the ‘90-day break’ apply to employees under age 62 moving from one appointment to another?

The 90-day break in service requirement only applies when an employee under age 62 separates from the University and elects to take their retirement benefit. If an employee is simply moving from one appointment to another without electing to take their retirement benefit, there is no requirement for termination or a 90-day break in service. However, if an employee under age 62 elects to take a retirement benefit, then that employee must make a bona fide termination of employment and meet the 90-day break in service before moving to another appointment with the University.

Link to this FAQ

Is there a limit to the length of term for which a retiree can be rehired?

Not at this time, provided that the retiree meets the guidelines to be eligible for rehire.

Link to this FAQ

If I retire and return to work at less than 75% FTE, am I eligible for active employee benefits?

No. Only employees in benefit-eligible positions are eligible for employee benefits, and employees must work at 75% FTE or more in an appointment duration of at least nine months to be benefit-eligible. (See Subchapter 320.050: Employee Status of the University of Missouri’s Collected Rules and Regulations.) As a retiree, you may be eligible for retiree benefits if you were enrolled in coverage prior to retirement. For more information on this, see the Retiree benefits overview webpage.

Link to this FAQ

How will laid-off employees who retire within/at the end of layoff leave of absence be treated?

If eligible, employees may choose to retire and receive retiree pension benefits and health and welfare benefits available to them, even if they wish to continue working in the future. Pursuant to UM layoff policy, applicable individuals are entitled to the right to recall and preference for reemployment, and may return to work in a career position if a recall or reemployment opportunity arises. However, these individuals must agree to suspend their monthly retirement payments at the time of rehire. If the retiree is under age 62, then they must meet the guidelines to be eligible for rehire.

Link to this FAQ

How do I know if RDD is my core retirement plan?

To find out if RDD is your core retirement plan, view the core and voluntary retirement plans page.

Link to this FAQ

Am I automatically enrolled in ERIP upon employment?

Yes, you are automatically enrolled in the Employee Retirement Investment Plan upon employment. You do not need to enroll.

Link to this FAQ

What Voluntary Retirement Plans are available to me?

There are three voluntary retirement plans available to those that are eligible. They are:

  • 403(b)

  • 457(b)

  • Supplemental Retirement Plan (SRP) 401(a)

Learn more about these voluntary plan options on the core and voluntary plans page.

Link to this FAQ