The mutual funds chosen for your retirement savings plan provide the opportunity to focus on specific market segments - all of which offer varying degrees of risk and reward opportunities. Think about these three easy things you can do to keep your momentum & finish strong: Taking advantage of any new plans or matches your employer may offer. As a condition to begin employment, all new hires at UNC Health are required to submit proof of completing a COVID-19 vaccine series (first and second dose of Moderna or Pfizer; or single dose of Johnson and Johnson) before their start date . UNC Benefits pages are as current as possible; however, the links provided regarding UNC CH benefits, programs, and employee services is subject to change anytime. Those enrolled in the State Health Plan will now be able to purchase up to eight at-home rapid COVID tests every 30 days covered at 100% by the State Health Plan. 2 Available for Clinical Faculty eligible through UNC Faculty Physicians . hr@unc.edu, Careers . UNC Faculty Physicians Supplemental 403(b) Plan, The University of North Carolina Optional Retirement Program, UNC Faculty Physicians 457(b) Plan - Salary Reduction Agreement, UNC System Optional Retirement Plan - Election Change, UNC System 403(b) Plan - Salary Reduction Agreement, UNC Faculty Physicians Supplemental 403(b) Plan and 457(b) Plan, Do not sell/share my personal information. Families who make too much money to qualify for Medicaid but too little to afford rising health insurance premiums can get free or reduced-price comprehensive health care for their children through the North Carolina Health Choice for Children program. The value of a variable annuity is subject to market fluctuations and investment risk so that, if withdrawn, it may be worth more or less than its original cost. UNCEmploymentverificationis managed by the main campus Office of Human Resources rather than the individual Schools or divisions. Many participants enjoy the diversity of investing in mutual funds in their retirement plans. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. This notice is required to be sent out to all eligible staff and faculty regarding your ability to participate in this 403b voluntary retirement savings plan. Department of Health and Human Services (DHHS) Division of Cost Allocation Attn: Darryl Mayes, (202) 401-2808, 2023 The University of North Carolina at Chapel Hill, Office of the Vice Chancellor for Research, Military Critical Technical Data Agreement DD2345, Commercial and Government Entity Code CAGE, NIH Institutional Profile File Number IPF, European Union Participant Identification Code EU PIC, Federal Interagency Committee of Education FICE, Joint Certification Program Number JCPN, North American Industry Classification System Code NAICS, Research Misconduct Institutional Assurance, UNC-CH Federal Compliance Audit Procedures, UNC Faculty Physicians Supplemental Fringe Benefits Breakdown, Facilities and Administrative Rate Agreement, NC Department of Health and Human Services Rates, University of North Carolina at Chapel Hill, State Related Institution of Higher Education, MILITARY CRITICAL TECHNICAL DATA AGREEMENT DD2345, NATIONAL INSTITUTES OF HEALTH INSTITUTIONAL PROFILE FILE NUMBER, NATIONAL SCIENCE FOUNDATION INSTITUTION CODE NUMBER, FEDERALWIDE ASSURANCE FOR THE PROTECTION OF HUMAN SUBJECTS, D16-00256 (A3410-010) - Expires 04/30/2025, EUROPEAN UNION PARTICIPANT IDENTIFICATION CODE, FEDERAL INTERAGENCY COMMITTEE OF EDUCATION, NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM CODE, ASSURANCE OF COMPLIANCE TITLE IX (HHS 639-A), INSTITUTIONAL ASSURANCE & ANNUAL REPORT ON POSSIBLE RESEARCH MISCONDUCT, SOUTHERN ASSOCIATION OF COLLEGE AND SCHOOLS ACCREDITATION. Your plan's rules specify when you are eligible for a distribution. Imminent foreclosure or eviction from the participants or beneficiarys primary residence, Medical expenses, including non-refundable deductibles and the cost of prescription drug medication, Funeral expenses of a spouse or dependent. As a condition to begin employment, all new hires at UNC Health are required to submit proof of completing a COVID-19 vaccine series (first and second dose of Moderna or Pfizer; or single dose of Johnson and Johnson . Samantha.kemper@unchealth.unc.edu Chapel Hill, NC 27599 This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Your plan may distribute your entire balance if the value does not exceed $2,000. Please contact your department's assigned Office of Sponsored Research (OSR) Sponsored Projects Specialist with questions on applying these rates on sponsored projects. To reach Mr. Tom Shanahan Chief Legal Officer, UNC Health and Mr. Scott Doak Chief Human Resources Officer (CHRO), UNC Health You must begin taking minimum distributions from your IRAs and employer retirement plan accounts by your required beginning date (or retirement, if later for employer retirement plan accounts). What is the difference between a mutual fund and an annuity? Mutual funds offer systematic withdrawals. Does it still make sense in relation to your age and lifestyle? Insurance, Health & Wellness Vacation & Time Off Insurance, Health & Wellness Health Insurance 3.0 3 Ratings Employee Benefit Reviews Benefits Employee Relations People Home / Benefits Benefits Benefits and Employee Services "The University of North Carolina at Chapel Hill offers a comprehensive benefit package and other programs, resources, policies and practices that integrate work/life strategies. To reach UNC Health Board of Directors, Health Care Special Events, and Dr. William L. Roper (Former CEO and Dean, Professor) Responsibilities: 1. Mutual funds offer systematic withdrawals. **ATTENTION NEW APPLICANTS** - COVID-19 Vaccine Mandatory at UNC Health: At UNC Health, our goal is to protect the health and well-being of North Carolinians and others we serve. The UNC One Card is a multipurpose identification and on-line accounts card. UNC Children's Primary Care Franklin St. 1512 E Franklin St Ste 100. For help and advice, schedule an appointment with a TIAA investment professional or attend a seminarOpens in a new window. Your Retirement Benefits Explore Ready to enroll See what's available to you You can put money away for retirement while saving on taxes. Social Security will only replace about 40% of your pre-retirement income for the average worker, so you and your employer need to cover the rest. Learn ways to save and invest to help you prepare for your retirement. UNC System Optional Retirement PlanOpens in a new window, Call UNC Faculty Physicians at 919-843-8608 or TIAA at 800-842-2252. General record keeping and other plan services. If you have had an IRS-defined "triggering event," and your plan allows withdrawals, you can roll over your accumulations to another retirement plan that will accept them or to an Individual Retirement Account (IRA). UNC Health and our 40,000 employees, continue to serve as North Carolina's Health Care System, caring for patients from all 100 counties and beyond our borders. UNC Faculty Physicians Supplemental 403(b) Plan and 457(b) PlanOpens in a new window, To enroll in each plan separately select the plan below: Expand All Educational Assistance Program Tuition & Fee Waivers Carolina Family Scholarship Employee, Spouse and Dependent Scholarship UNCFP Faculty Physicians Benefits Website: https://www.tiaa.org/public/tcm/uncfp/contact-us, Finance & Business Office Leaving the University Provides important information about pay and benefits, Retirement Things to Consider A resource and referral information for UNC Chapel Hill retirees related to continued campus privileges and access to selected University services, 145 Medical Drive About Human Resources Otherwise, mutual funds and annuities are treated very similarly when offered as part of your employers retirement plan. However, diversification doesn't guarantee against loss. (984) 215-3617, Constituent Services Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. If an institution does not allow participants to purchase service credits, they must meet a triggering event at which point the transaction can be processed (Per Plan Rules). Users of JUGGLE are responsible for performing any screening or evaluation they desire. hr@unc.edu, Careers 919-843-2300 Take advantage of it. Update your name and address, designate your beneficiaries, upload documentation and take care of other benefits-related items in ConnectCarolina Service with these step-by-step instructions. The in-service rule usually only allows payment of the employees money, but if you are terminated, you may be eligible for some matching funds. Kelly.Doss@unchealth.unc.edu You may be able to leave money in your current plan or withdraw cash. These benefits are available as part of your overall compensation and total rewards package. To obtain contribution information regarding this plan, contact your HR/benefits office at 919-843-8608. . The University of North Carolina at Chapel Hill offers a comprehensive benefit package and other programs, resources, policies and practices that integrate work/life strategies. Compensation & Benefits | UCnet - University of California Benefits Services - UNC-CH Office of Human Resources Health Insurance Dental Insurance Vision Insurance Flexible Spending Accounts Group Life Insurance It may not be complete. You can leave the tool now and go to Insights to read articles, use tools and see videos that will help you step forward. Compensation. Each is solely responsible for its own financial condition and contractual obligations. SCHEDULE II Fringe Benefit Rate Fixed Health Insurance . With the new year upon us, its important to review some timely benefits news and information. Register for your free account with Working Advantage, using your employers company code. Benefits Summary Info (PDF) Basics of Benefit Eligibility Review your Welcome Kit carefully to verify the information is correct, including investments and beneficiary information. When purchasing service credits, keep in mind: Some companies will allow active employees participating in a qualified employer retirement plan to withdraw a portion of their plans account balance upon request, without demonstrating a specific financial need - its called an in-service withdrawal or an in-service distribution. In service means you are still working for the employer sponsoring the plan. UNC Faculty Physicians 457(b) Plan - Salary Reduction Agreement, UNC System Optional Retirement Plan - Election Change, UNC System 403(b) Plan - Salary Reduction Agreement, UNC Faculty Physicians Supplemental 403(b) Plan and 457(b) Plan, Do not sell/share my personal information. UNC System Optional Retirement Plan - Election ChangeOpens pdf For help and advice, schedule an appointment with a TIAA investment professional or attend a seminarOpens in a new window. Be sure to check out ways to save with Working Advantage when planning your next adventure. During enrollment, once you choose your contribution amount, you can direct your contributions to a range of investment options. UNC Health Care - Careers No, there is no tax advantage to owning variable annuities or mutual funds in your TIAA-funded retirement plan. 260 MacNider Hall, CB# 7220 Article - Office of Sponsored Program - University of North Carolina UNC FACULTY PHYSICIANS. To withdraw money for an emergency with a 457(b) plan requires you to meet the rules for an Unforeseeable Emergency withdrawal. Investment decisions should be made based on the investors own objectives and circumstances. Member FDIC. (984) 974-1401 Patient Appointments, Transforming Care and Inspiring Hope for all children, Benefits Services UNC-CH Office of Human Resources, UNC-Chapel Hill Faculty Retirement Planning Guide, Surprise Billing and Good Faith Estimate Notices, Avisos de facturas mdicas sorpresas y avisos de presupuestos de buena fe. Investment decisions should be made based on the investors own objectives and circumstances. (919) 966-7299 Fax The University of North Carolina at Chapel Hill Office of Human Resources (OHR) maintains the Discounts and Perks as a convenience to University faculty, staff and students. Retirement annuities can help replace your salary with monthly income thats guaranteed for life. Any benefit elections you made during Open Enrollment for NCFlex and the University benefit programs went into effect Jan. 1, 2022. If you are enrolled in TSERS, you are not able to enroll in the ORP. These employees are eligible for the UNC Faculty Physicians . FILL OUT AND RETURN THE FOLLOWING FORMS: Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Please consult your legal or tax advisor. Discounts and Perks - UNC Human Resources This is an exciting opportunity to provide leadership for and coordinate scientific research within the NIH and provide advice to the NIH Director and Director, Division of Program . This amount is in addition to the rates included in Schedule I. See the table below for the fund types that FP benefits are allowed to post to. How do I find an online Notary? You may be able to roll the money over to another IRA or qualified plan or annuity without tax penalty, if you do so within 60 days. The Benefits Services Department in the Office of Human Resources is responsible for reviewing and revising the content of the Benefits web pages. This will help guide which investments you choose. *Guarantees are subject to the claims-paying capability of the insurer. By owning a combination of funds with different investment characteristics, you may be able to offset the poor performance of one asset class with another that is benefiting from an upward trend. Payroll Services CB# 9520 CB #1045 Your Benefits at UNC-Chapel Hill | Welcome to Carolina Blue. Contributing even a small amount now can potentially make a big difference by the time you retire. Benefits and Leave Administration Team As you get older, youll likely want to shift to conservative investments with lower risk. Or you can decide to receive income for a certain number of years or take a cash withdrawal (depending on your plans provisions). By owning a combination of funds with different investment characteristics, you may be able to offset the poor performance of one asset class with another that is benefiting from an upward trend. When you enroll online, you create an individual account where you can view your balances, change your investment mix, make transfers and other transactions. For your security, please remember to destroy your 2021 ID card. Be sure to check out ways to save with Working Advantage when planning your next adventure. You can invest into this plan right away. Both options receive favorable tax treatment under the plan. Chapel Hill, NC 27599 1 Fringe benefits and health insurance rates differ for those clinical faculty members licensed to practice medicine in North Carolina as well as those providing clinical effort equal to or greater than 50%. Office of Human Resources CB #1045 UNC-Chapel Hill. If you are enrolling in the ORP, you are required to fill out and completeForm ORP-1Opens pdfand select TIAA as your plan provider. Chapel Hill, NC 27599 schedule an appointment with a TIAA investment professional or attend a seminar. Assisting in developing budgets, monitoring expenditures, and reconciling financial statements. Interested in offering a discount to UNC-Chapel Hill employees? United States, Monday-Friday UNC Faculty Physicians | Investment Options - TIAA Find out who to contact about enrollment or investing. 2. Dorrie Tatum Lassiter - Benefits Manager - UNC Health | LinkedIn Take advantage of your jobs retirement benefits. If you arent sure which to choose, you may want to contact your HR office for help. This may be restricted by the terms of your TIAA contracts. FP Supplemental Benefits | Finance and Business Operations 919-843-2300 Juggle helps make life a little easier with seamless payment and on-demand services for when youre in a pickle. Amy.Armstrong@unchealth.unc.edu (Except on University Holidays), Website Help or Comments TIAA-CREF Life Insurance Company is domiciled in New York, NY with its principal place of business in New York, NY. There are several technology companies that offer end-to-end notarization systems. Mgr Clinic Business Office- UNCPN Holly Springs Fam Prac - UNC Health Care (919) 966-8622, Our vision is to be the nation's leading public school of medicine, University: 919-962-2211 Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Make Roth contributions that can grow tax-free, Your right to a lump-sum distribution from your TIAA Traditional Account may be restricted to taking periodic payments under the terms of the contract. The Benefits Services Department in the Office of Human Resources is responsible for reviewing and revising the content of the Benefits web pages. Remember to review your paycheck (Jan. 14 and Jan. 28 for biweekly paid employees and Jan. 31 for monthly paid employees) to ensure that the benefits you elected are reflected with the corresponding deductions. Thank you, Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Understanding your retirement benefits as a faculty physician can be daunting but there are resources that can help explain all of your options. 984-974-6669. You can also contact us online. Fringe Benefits. The following three categories of services are provided to your plan: 1. Please let us know through our feedback form. PDF MEMORANDUM - UNC Research GENERAL REMINDERS You may also review your existing accounts and make transactions online by logging into your secure account. The earlier you start contributing to retirement plan investments, the more you can potentially save. schedule an appointment with a TIAA investment professional or attend a seminar. OHR does not screen the caregivers provided by JUGGLE and makes no representations about their qualifications, conduct, or the services to be provided. UNC-Chapel Hill, 104 Airport Drive Benefits Overview (From UNC System Office) When Coverage Begins Benefit Plan Deductions When to Enroll or Change Benefits How to Enroll & Plan Information Leave & Holidays The University of North Carolina recognizes that it is important for employees to have time away from work. If 10-15% is an amount you can't afford right now, contribute as much as you can comfortably afford. We offer the benefit plans you would expect from a leading employerincluding employer paid medical insurance and retirement and a variety of health, life, and income protection plan options that will allow you to tailor a benefit package that meets the needs of you and your family. Email: benefits@unc.edu The 403b Universal Availability Notice applies to all employees who are FICA-eligible. Carolina Talent Use your NEW ID card as your 2021 ID card will no longer work. Payments stop at the end of the period, during which you will have received all your principal and earnings. UNCFP SharePoint Info - UNC School of Medicine You can withdraw all or part of your account in a single cash payment, depending on your plan rules and the terms of your contracts. It is the official ID card for students, faculty, & staff of The University of North Carolina at Chapel Hill. TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Annuities are designed for retirement and other long-term goals. 101 Manning Drive. Constituent Relations for the Office of the Dean/CEO The UNC Human Resources site is a good place to start. These lower risk products offer a guaranteed income that you cant outlive. University of North Carolina at Chapel Hill Office of Sponsored Programs C/O Bank of America Lock Box Service P.O. Get professional advice to help you save and invest for your future. Print this page Our UNC Wellness Centers App is now available to download on the AppStore and on Google Play.. The amount you withdraw will reduce your lifetime annuity income accordingly. Chapel Hill NC 27599-9520 Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Benefits & Perks - Employee Gateway Some plans offer different options. To support faculty and staff well-being, USC provides benefits-eligible employees with a broad range of benefits and perks to help protect their and their dependents' health, wealth, and future. Administrative Specialist in Chapel Hill, NC - UNC Health Care Most employers require you to save a certain amount before they will match it when they do, its all extra money! This is not to be confused with the NCFlex voluntary group term life plan, which is a separate plan through the State. Through Feb. 15, 2022, eligible employees may use Community Service Leave Option A (up to 24 hours) for service as a substitute teacher or in another role in a school or school district, such as a substitute school bus driver or cafeteria worker, that meets the duties of staff who are temporarily not available. Coordinating and completing special projects independently or in cooperation with other groups as assigned. If you're already enrolled, log in to your secure account from the login button at the top of the home page of this site. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. Heels Care Network, 2023 University of North Carolina at Chapel Hill Office of Human Resources, The leading health and wellness discount program, Juggle provides a pool of energetic, educated and experienced sitters and recent grads to provide safer, smarter and simpler childcare, and pet care too! Benefits and Leave - UNC Human Resources Example: FP Practice Plan member benefits calculation would include both schedules, 31.081% (Schedule I 26.174% + For enrollment information contact the FP benefits office at uncfpbenefits@unchealth.unc.edu. jacky.kelly@unchealth.unc.edu Responsibilities: 1. Some plans offer different options. February 1, 2022 The 403b Universal Availability Notice applies to all employees who are FICA-eligible. If youd like to enroll in this plan or change your current 403b deduction, you can do so by: As of Jan. 1, 2022, Securian Financial has replaced MetLife as the provider for the UNC System Voluntary Term Life Insurance. Guarantees are based on the claims-paying ability of the issuer. Ensures all staff are provided adequate training and training needs are addressed in a prompt, accurate manner. UNC Faculty Physicians 457(b) Plan does not offer a loan feature. please visit hr.unc.edu/benefits/eligibility. For your convenience, the following links are provided regarding UNC CH benefits, programs, and employee services. PDF Current Status: Active PolicyStat ID - UNC Health UNC Faculty Physicians | Retirement Benefits - TIAA People are living longer than ever. 3. Plan to save at least enough to cover the essential and inevitable expenses, like healthcare, long after you retire. 145 N. Medical Drive, AHEC Building, Suite 400, Campus Box # 7150, Chapel Hill, NC 27599, UNC Faculty Physicians 457(b) Plan - Salary Reduction AgreementOpens pdf A complete list of university benefits and perks can be found on the USC Employee Gateway, including information about healthcare and retirement.A popular benefit is the university's tuition assistance benefit, tuition assistance for family and tuition exchange program (scroll down to "Alternative education benefit for your child") for benefits-eligible faculty. Contributions to this account will be 100% vested immediately. For help and advice, call us anytime at800-842-2252. COVID-19 Resources If you were born in 1959, federal guidance is needed to determine if your RMD Applicable Age is 73 or 75. Fiscal Year 2021 Fringe Benefits Update - UNC Research Many financial planners estimate that youll need 80-90% of your pre-retirement income to maintain your lifestyle in retirement. Business Address Location Map Authorized Official The name of the person authorized to submit the NPI application or to officially change data for a health care provider. About Human Resources TIAA Traditional is a guaranteed insurance contract and not an investment for federal securities law purposes. Phone: Coming Soon United States, Monday-Friday UNC-Chapel Hill employees now receive their first booking free waived with, Juggle Now Available to UNC-Chapel Hill Families, Contact the Benefits & Leave Administration Support Center, Families First Coronavirus Response Act (FFCRA), Families First Coronavirus Response Act: Fact Sheet & FAQs, Outstanding Encouragement of Learning and Development (OELD) Award, North Carolina 457(b) Deferred Compensation Plan, Teachers & State Employees (TSERS) Retirement Program, Law Enforcement Officers Retirement System (LEORS), Employee, Spouse and Dependent Scholarship, FMLA Military Caregiver/Qualifying Exigency Leave. How do I find an online Notary? Payroll Services Benefits Services designs the pages to be current as possible; however, the information contained on the pages is subject to change anytime. This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. Working Advantage offers savings on electronics, hotels, local and national attractions such as Carowinds, Disney World, Universal Studios, and more.

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