Retirement WorkshopHR Connections

MetLife Voluntary Group Term Life

• On April 1, 2012, a new plan will go into effect replacing the old plan.

• There will be a special enrollment period

February 12-March 2 to enroll or make changes with an April 1 effective date.

• Coverage amounts are changing from salary multiples to $10,000 increments.

Retirement WorkshopHR Connections

MetLife Group Term Life

February 12-March 2, 2012

• If you are currently enrolled in this plan, your coverage will map automatically to the next highest $10,000 increment.

Example: EE with 1x salary coverage of $42,000

Coverage maps to $50,000 automatically

• Eligible employees may enroll, increase/decrease coverage during this enrollment with limited health questions. Spouse and child coverage are included.

Retirement WorkshopHR Connections

MetLife Group Term Life

February 12-March 2, 2012

• Employees enrolled in MetLife can continue this coverage in retirement at active employee rates at their original amount of coverage amount up to $150,000, whichever is less.

• This enrollment will done through the MetLife online portal. Communication will be sent out soon.

Retirement WorkshopHR Connections

New Flexible Spending Account (FSA) Vendor

for 2012

• P&A Group is the new vendor.

• 2011 FSA money can be used to pay for claims in 2012 up to 3/15/12. A paper FSA claim form is mandatory for 2011 claims. Claim deadline is April 30, 2012

• www.padmin.com/ncflex/ is the online portal for flexible spending accounts.

Nominations for the 2012

University Awards For Excellence•Begin February 1st!

•Visit: go.ncsu.edu/afe

•go.ncsu.edu/afe