ENDOWED Retirement & Beyond Benefits and programs available to endowed faculty and staff retirees Effective January 1, 2021

INSIDE: - What to consider before you retire - Health insurance and Medicare - Your retirement savings plans - Programs and discounts for Cornell retirees

Benefit Services and Administration Table of Contents

Introduction...... 3 Notify your department...... 3 Confirm your Unused Vacation and Sick Days...... 3 Double-check your Beneficiaries...... 3 Benefit Plans and Policies after Retirement...... 4 Health...... 4 Health Insurance Eligibility...... 4 Health Plan Selections for Retirees are on an Individual Basis...... 5 Medicare Eligibility...... 5 Retiring Under 65...... 5 Retiring Age 65 and Over...... 6 Enrolling with Aetna...... 7 Suggested Steps Toward Enrolling in Medicare...... 8 Retirees Returning to Work in a Benefits-Eligible Position...... 9 Lifelong - Medicare Counseling...... 10 Medicare Part D - Prescription Drug Coverage...... 10 Aetna’s Medicare Direct Program...... 11 All Retirees, Both Under and Over Age 65...... 11 Sick Leave Conversion Program...... 12 Dental Plan...... 12 Vision Plan...... 12 Flexible Spending Accounts...... 13 Retirement Plans...... 13 Cornell University Retirement Plan (CURP)...... 13 Cornell University Tax-Deferred Annuity Plan (CUTDAP) ...... 14 Cornell University 457(b) Deferred Compensation Plan ...... 14 Social Security...... 14 Life Insurance in Retirement...... 14 Basic Life Insurance...... 15 Group Universal Life (GUL) Insurance...... 15 Other Plans and Policies...... 16 Personal Accident Insurance (PAI) Conversion...... 16 Long Term Care...... 16 Legal Plan Insurance...... 16 Cornell Children’s Tuition Scholarship (CCTS)...... 16 NY’s 529 College Savings Program...... 17 Faculty and Staff Assistance Program (FSAP)...... 17 Auto/Home/Pet Insurance...... 17 Benefits No Longer Available...... 17 Other Retiree Benefits, Programs and Services...... 18 Cornell Retirees Association (CRA)...... 18 Elder Care/Caregiving Services and Programs...... 18 Cornell Association of Professors Emeriti (CAPE)...... 18 Other Opportunities to Connect...... 19 Identification Cards...... 19 CFCU Community Credit Union...... 19 Retiree Transit and Parking Privileges...... 19 Learning at Cornell...... 20 Computer Access...... 20 Libraries...... 20 Intercollegiate Athletics and Athletic Facilities...... 20 Facilities and Events...... 21 Cornell News...... 21 Cornell Club...... 21 The Cornell Club – New York...... 21 Cornell Wellness for Fitness, Nutrition and Well-being...... 21 Employee Personal Purchase Discounts and Other Perks...... 22 For More Information...... 23 Appendix: Health Insurance Plan Rates...... 24

- 2 - Introduction Cornell offers a wide variety of benefits and programs for endowed faculty and staff during your employment at the university. While some of these benefits end upon retirement, others will continue throughout your retirement years.

The information in this brochure has been prepared to assist you in your planning for retirement. It describes the benefits available to you when you retire and answers some of the questions you may have about your future relationship with Cornell.

There is no mandatory age for retirement for Cornell faculty or staff. To receive certain benefits though, you must be at least age 55 and have ten years of credited service at the university.

Before You Retire NON-EXEMPT EMPLOYEES NOTE: For non-exempt (bi-weekly) endowed employees, consider retiring early in a month. If you retire near the end of the month during a pay period that crosses into the next month, you risk being double-billed for health insurance. Refer to the Health Insurance Eligibility section on the next page for more information. NOTIFY YOUR DEPARTMENT It’s not easy to replace long-term employees! Notifying your department well in advance of your anticipated retirement date will allow for adequate succession planning. When you retire, your department will process your retirement status, including accrued vacation days and sick leave. It is important that you confirm this information with your department. CONFIRM YOUR UNUSED VACATION AND SICK DAYS • Staff will be reimbursed for unused vacation days up to the allowed accrual cap. Nonacademic staff refer to the Maximum Accumulation section in the Vacation Policy (https://www.dfa.cornell.edu/sites/default/ files/policy/vol6_9-vacation.pdf) Bargaining unit staff refer to your contract.

• Sick leave will be turned into a credit against future premiums for your Cornell retiree health care plan. The maximum amount of sick leave is 90 days or 702 hours.

• Endowed faculty do not accrue sick leave and are given the equivalent of 30 days sick leave at retirement, which is applied in the same method. DOUBLE-CHECK YOUR BENEFICIARIES Keep your beneficiary listings for your life insurance, personal accident insurance and retirement plan accounts up-to-date. This information is highly confidential. Only you can check to see who is listed as your beneficiary, and only you can change your designations. Contact CIGNA Group Insurance at 1-(800) 231-1193 to verify your life insurance and personal accident insurance beneficiaries. Contact the investment service pro- vider(s) to confirm your beneficiaries: Fidelity Investments 1-(800) 343-0860 and/or TIAA 1-(800) 842-2776

- 3 - Benefit Plans and Policies after Retirement

HEALTH INSURANCE Example for a Bi-weekly Employee: HEALTH INSURANCE ELIGIBILITY • Last day of work is 10/5/2021 which is in the middle of the pay period 9/23 to If you are 55 years of age or older and have 10/6/2021. at least 10 years of benefits-eligible service with the University then you are eligible • Retirement date is 10/4/2021 to continue your health insurance upon • Active health plan coverage continues retirement. That includes any combination to the last day of the month (10/31/2021), of benefits-eligible service in an endowed coverage is extended and the employee college or unit, a contract college or unit, or is not billed. with Weill Cornell Medicine. • Aetna starts the retiree coverage (and If you are covered by an endowed health billing) the first day of the following plan at retirement, coverage continues but month, 11/1/21 in this example. the plans offered are different from the active plans. The retiree plans are outlined in the Important Information to Consider in following section of this booklet. Determining the Date You Select to Retire! Avoid being double billed for health If you are not covered under the endowed insurance. This can occur if you are a health plan, you must sign up within ninety biweekly employee and select a retire- days of your retirement date to obtain ment date that falls during a pay period retiree health coverage. The effective date and crosses into the next month. Refer to will vary by plan. If you enroll in the Aetna example below. Retiree 80/20 Plan or Retiree Pre-Medicare Health Plan (RPHP), your coverage will be If you retire in a month and the pay period effective the first day of the month following crosses into the next month (i.e. biweekly your retirement date. This differs from employees), the active health plan continues the Aetna Medicare Advantage Plan PPO to the last day of the month in which you (MAPD) in which the effective date is the retire and your paycheck will reflect a full first of the month following approval by the premium for health insurance coverage for Centers for Medicare and Medicaid Services the days of coverage that were paid in your last paycheck. A refund will not be issued. (CMS). If you decide to discontinue your health insurance at any time and cancel Bi-weekly Example of Selecting a Retire- your coverage, you will not be able to ment Date with a Pay Period that crosses re-enroll at a later date. into the next month: Your active health plan continues to the • Pay period: 4/22 – 5/5/2021 end of the month in which you retire (not • Last day of work: 4/28/2021, falls during the end of the pay period). You will pay a pay period for a biweekly employee. premiums through your last paycheck and Cornell will absorb the remaining cost of the • Retirement date: 4/29/2021 premium(s) through the end of the month. (Exception: if you retire the first day of the • The Active health plan continues month, then your retiree coverage starts on through the last day of the month in which you work. that date.)

- 4 - • The 5/13/2021 paycheck includes a full If you and a dependent are on different health insurance premium. It cannot individual plans, you will have unique plan be pro-rated. You will not receive a names, ID cards and bills. This arrangement refund for the period 5/1-5/6/2021 which allows Cornell to provide the best coverage overlaps the billing from Aetna. Avoid for retirees and covered dependents by paying this by selecting a retirement date making non-Medicare eligible persons that does not cross into the next month! exempt from Medicare primary rules.

• Aetna starts the retiree coverage (and Medicare Eligibility billing) the first day of the month Medicare is a federal health insurance following retirement, 5/1/2021. program for people who are age 65 or older, have been entitled to Social Security Disabil- Dental Insurance Eligibility ity Income benefits for 24 months, or have Your active dental coverage continues end stage renal disease (permanent kidney through the end of the month in which you failure). Cornell retirees who are age 65 or retire. There is no prorating of the premiums older must establish and maintain Medicare to accommodate partial pay periods. Payflex participation. They have the Cornell Retiree will send you COBRA coverage information 80/20 plan or the Aetna Medicare Advantage to continue your dental coverage for up to Plan to help pay for eligible medical expense 18 months. after Medicare Parts A and B have adjudi- cated the claim. Medicare is directed by the federal Centers for Medicare and Medicaid Vision Insurance Eligibility services (CMS). Local Social Security Ad- Your active vision coverage continues ministration offices accept applications for through the end of the month in which you Medicare and provide information about the retire. There is no prorating of the premiums program. If you have questions concerning to accommodate partial pay periods. Payflex your eligibility and coverage, we strongly will send you COBRA coverage information suggest you contact the Social Security to continue your vision coverage for up to Administration office at (800) 772-1213 or 18 months. use their website medicare.gov. The phone number for the local Tompkins County Health Plan Selections for Retirees Social Security Administration office is (866) are on an Individual Basis 706-8289. As you make plan decisions, you will notice Retiring Under 65 an important eligibility change that impacts If you are under age 65 and not eligible for your offerings — you and each of your de- Medicare due to disability, your coverage pendents’ plan options will be determined will continue in the Retiree Pre-Medicare individually based on age and Medicare Health Plan (RPHP). This plan is very eligibility. That means: similar to the Cornell Program for Healthy Living and the WCM-PPO Plans. Like all • Retirees and/or dependents who are our Cornell health plans, the RPHP is fully age 65 or older will be offered post-65 compliant with current federal mandates on Medicare plans. preventive care. There will be no change to • Retirees and/or dependents who are your pharmacy coverage – it will continue to under the age of 65, and thus not be provided by OptumRx. eligible for Medicare, will be offered a The employer share of the premium will pre-65 plan. continue to be paid by Cornell on your behalf.

- 5 - NOTE: the coverage categories or tiers in re- contacting Aetna’s Retiree Service Center at tirement will be “individual” and “family” (800) 338-4533 (TTY: 711). only. The three family tiers available to active employees are collapsed into one The endowed healthcare program will family tier with one premium level for continue to provide primary coverage until retiree health plans. If you are currently you turn 65 or until you become eligible for charged the Dual Eligibility rate for health Medicare due to disability or end-stage renal insurance, please be aware this rate is not disease², then Medicare becomes primary available in retirement status and you will and you will be given the choice of Medi- be charged the regular family rate. care-based plans. This also applies to your dependents. You should contact your local Social Retiring Under 65 - Medicare eligibility ACTION REQUIRED: If you or your de- Security Administration Office three months pendent(s) are Medicare eligible due to before you become eligible for Medicare disability either at the time of your retire- to enroll in both Parts A and B. Aetna will ment or after retirement, enrollment in both contact you (and/or your spouse or domestic Medicare A & B is mandatory. It is your and partner) about three months before you turn your dependent’s responsibility to contact 65 to provide you with information on your Social Security to enroll in Medicare Parts A two plan choices once you are Medicare & B timely, to avoid penalties. eligible: the Aetna Retiree 80/20 Plan and the Aetna Medicare Advantage PPO. Upon retirement, Aetna automatically enrolls you and your under age 65 depen- Please note that your domestic partner must dents in the RPHP plan. However, if you or enroll in Medicare at age 65, regardless of your dependents are eligible for Medicare whether you are active or retired with the univer- due to disability, it is your responsibility sity. The endowed health plan will begin to pay to inform Aetna prior to your retirement secondary to Medicare for your domestic partner to insure you and/or your dependents are as of the date they are eligible, even if you are not automatically enrolled in the Aetna Retiree yet retired. 80/20 Plan at retirement. The Retiree 80/20 ²If you become eligible for Medicare due to dis- Plan and the MAPD Plan are designed for ability or end-stage renal disease, please contact individuals who are Medicare eligible and Aetna at (877) 371-2007 for more information no longer eligible for RPHP. about when you should enroll in Medicare.

You will have the opportunity to make Retiring Age 65 and Over changes to your coverage during the annual You will have a choice between two Medi- open enrollment held in the fall for coverage care-based health insurance plans: effective the following January 1. Aetna will administer the open enrollment and • The Aetna Medicare Advantage plan with provide you with health plan rates and plan prescription drug coverage provided by changes. Enrollment is completed directly Aetna Pharmacy Management, or through Aetna’s Retiree Service Center. You • The Aetna Retiree 80/20 plan that may also make changes to your health plan includes OptumRx prescription (i.e. adding or removing dependents) within drug coverage – the same pharmacy 31 days following a qualifying event by coverage you currently have today.

- 6 - If you also cover a family member, he or she defaulted into the Retiree 80/20 Plan, you may have a different choice depending on will have 90 days from your retirement date Medicare eligibility. Remember, all enroll- to consider enrolling in the Aetna Medicare ments are now individual choices. You and Advantage PPO (Preferred Provider Orga- your family member do not have to be on nization). Aetna administers the enrollment, the same plan of coverage. billing and answers questions about the coverage details: (800) 338-4533. Individuals who work beyond their 65th birthday usually remain on one of the Cornell If you enroll in the Aetna Medicare Endowed health plans for active employees. Advantage PPO, Aetna submits your en- The endowed health program will continue rollment to CMS for approval, and once to pay as primary insurer while the employee approved, it’s effective the first day of the is still actively employed in a benefits-eli- month following CMS approval (i.e. you gible position. Spouses, domestic partners, enroll February 5, CMS approves about 21 and eligible children of active employees, days later, coverage is effective March 1). If also remain on the health plan for active you decide not to enroll, you’ll continue to employees. (Domestic partners - refer to note be enrolled in the Retiree 80/20 Plan and will on page 6.) have another opportunity to switch plans during the open enrollment held by Aetna in HSA note for employees remaining in active the fall. Thus, the step of automatic enroll- employment at age 65 and beyond: ment in the Retiree 80/20 plan prevents gaps If you are enrolled in the HSA, please in your health coverage until your election contact the HR Services and Transi- can be put into place. tions Center at 395 Pine Tree Road, Suite The Aetna Medicare Advantage Plan is also 110, East Hill Office Building; call (607) known as Medicare Part C, which includes 255-3936, or email [email protected]. prescription drug coverage through Aetna. IRS rules pertaining to Social Security re- This plan combines coverage for both tirement income status and HSA plan par- medical and prescription drug into one ticipation are not easy to understand. We plan with one ID card. You can use doctors will be happy to clarify the regulations as or hospitals in or out of the Aetna Medical they apply to your situation. Network. Using a participating network ENROLLING WITH AETNA provider will cost you less though. The If retiring at age 65 or older, your coverage Aetna Medicare Advantage Plan (PPO) will be transferred to the Retiree 80/20 Plan covers preventive care beyond original effective the first of the month following Medicare at $0 cost. You are not required to your retirement date. Your eligible depen- choose a primary care physician (PCP) but dents covered under your plan will also be are encouraged to do so. transferred to the Retiree 80/20 Plan if they NOTE: Travel outside of the U.S. is only are Medicare eligible. If they are under age covered for emergencies under Medicare 65 and not yet eligible for Medicare, they rules. Furthermore, if you are residing will be enrolled in the Retiree Pre-Medi- abroad and your mailing address is outside care Health Plan (RPHP). As soon as Aetna the U.S., you will not be eligible to enroll in receives notice of your retirement date, you the Aetna Medicare Advantage PPO Plan. will receive an enrollment kit from Aetna with information about your plan options As with the Retiree 80/20 Plan, you are and billing information. Even though Medi- required to be enrolled in both Medicare A care-eligible retirees and dependents are and B and continue to pay for Medicare Part B.

- 7 - Please contact the Aetna Retiree Service phone number for the local Tompkins Center at (800) 338-4533 (TTY:711) to review County Social Security Administration the Aetna Medicare Advantage Prescription office is (866) 706-8289. If your covered Drug formulary. You will want to review dependent spouse/domestic partner/child and compare Aetna’s prescription drug is age 65 or over, turns 65, or becomes coverage to OptumRx’s coverage available eligible for Medicare due to disability after under the Aetna Retiree 80/20 Plan. your retirement, they should also contact Social Security Administration to enroll NOTE an important CMS Rule: in Medicare Parts A and B. Your domestic If you enroll in Aetna’s Medicare Advantage partner should enroll in both Medicare PPO, and are previously enrolled in a Parts A and B three months prior to age stand-alone Medicare prescription drug 65, regardless of whether you are actively plan with another company or association, employed or retired with the university. CMS will cancel the stand alone Medicare RX PDP plan. Alternatively, if you enroll It is very important for you (and your in the Aetna Medicare Advantage plan with covered dependent/spouse or domestic prescription drug coverage and subsequently partner/child if Medicare-eligible) to enroll in an independent Medicare-approved enroll in both Medicare Parts A and B. If prescription drug plan offered by another you do not enroll in Medicare Parts A and company, Aetna will be forced to cancel B, the Retiree 80/20 Plan will only pay as your Medicare Advantage plan participa- if Medicare paid first, and you could end tion entirely and you will lose your right to up with a substantial financial burden participate in a Cornell sponsored medical until you do enroll in Medicare coverage. or prescription drug plan. CMS honors the In addition, if you or your covered latest prescription drug plan enrollment, dependent spouse/domestic partner/child cancelling all previous coverages for the enroll late in Medicare Part B, you will be individual. Neither Aetna nor Cornell can charged a penalty for those months you remedy this loss of coverage. were eligible but not enrolled in Medicare Part B. If you or your Medicare-eligible SUGGESTED STEPS TOWARD dependents decide to enroll in the Aetna ENROLLMENT IN MEDICARE Medicare Advantage PPO, enrollment in If retiring beyond age 65 or if you turn age Medicare A and B is also required. Social 65 while in retirement: Security usually takes your Medicare premium directly from your Social 1. You should contact the Social Security Security income check each month, or will Administration to register for both bill you if you are not collecting Social Medicare Parts A and B. Medicare Security income. becomes your primary health insurance in retirement once you enroll. 2. Your Cornell health insurance plan will become the Retiree 80/20 Plan adminis- The Social Security Administration tered by Aetna automatically to prevent suggests that you contact them at least a gap in coverage while you decide three (3) months before you retire and which plan to use. Prescription drugs will reach age 65. You can reach Social continue to be covered through OptumRx Security by calling their toll-free na- without a break in coverage. tionwide number (800) 772-1213 or by calling the local office in your area. The 3. Aetna will bill you and your covered

- 8 - dependents on a monthly basis for your Medicare advises: health insurance coverage. FOR MEDICARE, YOUR MEDICARE NOTE: the Social Security Administration IF YOU ENROLL COVERAGE STARTS does not treat late applicants kindly. Indi- The month you turn 65 1 month after enrollment viduals who apply late for Medicare coverage 1 month after you turn 65 2 months after enrollment will be forced to wait until the national open 2 months after you turn 65 3 months after enrollment enrollment period to enroll and then wait six 3 months after you turn 65 3 months after enrollment months for the effective date of coverage— and the premium will be substantially higher All questions MUST be directed to Medicare for each month of late enrollment. Further- at (800) 633-4227 or medicare.gov to get more, if you do not have Medicare coverage, reliable answers. the Retiree 80/20 Plan will still only pay as Please refer to the Medicare & You infor- if Medicare paid first, potentially leaving mation via the website at https://www. you with a substantial financial burden until medicare.gov/medicare-and-you/medicare- your Medicare coverage becomes effective. and-you.html. You are not able to be enrolled in the Aetna Medicare Advantage PPO at all if you are Or refer to the “When Will My Coverage not enrolled in both Medicare Parts A and B. Start” information via the Medicare website: https://www.medicare.gov/sign-up-change- Retiring Near Your 65th Birthday plans/how-do-i-get-parts-a-b/when-will-my- If you will be retiring during what Medicare coverage-start calls the Initial Enrollment Period (3 months before you turn 65, the month you turn 65, Retirees Returning to Work in a Benefit or the 3 months following when you turn Eligible Position 65), please be aware that you run the risk of If you return to a benefits-eligible position at your health insurance and effective date of Cornell, Aetna will not permit you to remain Medicare Part B being negatively impacted. enrolled in a retiree health plan. The Retiree Cornell’s coverage becomes secondary to Service Center will need to be informed – Medicare if you are over 65 when you retire, the health insurance you hold due to retiree as of the first of the month following your status for yourself and your covered de- retirement date. However, if your retirement pendents will need to be terminated, and is during that Initial Enrollment Period there you will be required to enroll in an active can be delays that will negatively impact your employer health plan. The active employer coverage under Medicare Parts A & B. You plan will be primary and Medicare MUST work with Medicare to ensure that secondary. If you are Medicare-eligible, you the timing of your retirement does not leave will need to review carefully if you want to you without a primary insurer. If you will be continue your enrollment in Medicare Part retiring during this seven (7) month period B. You will need to discuss this with Social (the Initial Enrollment Period referenced Security and be sure you understand Social above), you must contact Medicare at (800) Security’s rules for starting and stopping 633-4227 or visit your local Social Security Medicare Part B enrollment since penalties Administration Office. You can reach Social exist if you make any mistakes, or act on Security by calling their toll-free nationwide assumptions. number (800) 772-1213 or by calling the local office in your area. The phone number for the When you return to retirement, you and Tompkins County Social Security Administra- your covered dependents must return to tion office is (866) 706-8289. the retiree health plans. If you and/or a

- 9 - dependent are over the age of 65, you will be The Medicare law requires the university to re-enrolled in the Retiree 80/20 Plan. Or, if provide an independent, actuarial certifica- you and/or your dependents are under age tion of our health plan’s prescription drug 65 you will be enrolled in the Retirement coverage. The point of this requirement is Pre-Medicare Health Plan (RPHP). If you or to assure participants that their employer your dependents stopped Medicare Part B plan is at least the equivalent of the new enrollment, you’ll need to be sure to contact Medicare Part D offering. Cornell’s pre- Social Security well in advance to re-enroll scription drug plan design easily passed the in Medicare Part B to avoid penalties. comparison test. Annually, Benefit Services and Administration is required to provide Lifelong - Medicare Counseling you with a formal declaration of the results We understand that the transition to of the test for your records. It is included in Medicare enrollment can often be confusing the summary annual report that you will and overwhelming as you will be presented receive in October. with many options in various forms of media. The HR Services and Transition We are counseling retirees not to enroll in Center (HRSTC) cannot provide official another company or association’s Medicare advice in discussing your Medicare options Part D plan. These plans are heavily ad- with you. We encourage you to contact vertised and appear to be just right for Lifelong, a non-profit organization located most consumers. Be assured that your in Ithaca who, among several other services, pharmacy coverage though the Retiree retains certified Medicare counselors on 80/20 Plan (along with the other Endowed staff to assist you. The Tompkins County Health Plans) meets Medicare’s require- office is located at 119 W. Court St. in Ithaca ment that the an employer’s prescription and can be reached at (607) 273-1511 or drug coverage be as good as the Medicare [email protected]. More information standard prescription drug plan. If you can be found on their website at tclifelong. decide to enroll in another company’s org/counseling-volunteer-services/. If you Medicare Part D coverage, you will not be have questions about how the Cornell able to use your OptumRx prescription drug endowed health insurance will coordinate card at the pharmacy counter or through with Medicare, please call the HR Services mail order. and Transition Center (HRSTC) at (607) 255-3936. Those living in other locales Note: Some people with limited income should seek similar help from local agencies and resources may qualify for extra help or directly from the Social Security Adminis- and should contact the Social Security tration. Administration at their special toll-free number, (800) 772-1213, or via the web at Medicare Part D — Prescription Drug socialsecurity.gov. In some cases, it may Coverage, Related to OptumRx Only make sense for these individuals to enroll in Beginning January 1, 2006, everyone with a separate Medicare Part D. Then, the pre- Medicare became eligible for prescription scription drug coverage through OptumRx drug coverage. would be reimbursed on a secondary basis to Medicare Part D. If you have questions Cornell’s Endowed Health Plans, including about Medicare benefits, call Medicare at the Retiree 80/20 Plan, meet and exceed (800) 633-4227 or visit medicare.gov. Medicare’s standard prescription drug plan requirements.

- 10 - Aetna’s Medicare Direct Program ID Cards When you’re enrolled in the Retiree 80/20 Retirees will be issued new medical ID cards plan, you’re eligible to enroll in Aetna’s from Aetna. For the Retiree Pre-Medicare Medicare Direct program. Through this Health Plan and the Aetna Retiree 80/20 program, there are virtually no claims Plan, ID cards will be provided in about two forms for you to submit for Medicare-cov- weeks following the date Aetna receives ered benefits. To enroll in this program, your enrollment information from Cornell. please contact Aetna Retiree Service For the Aetna Medicare Advantage PPO Center at 1-800-338-4533 and provide your Plan, the ID card will be produced in about Medicare Beneficiary Identification number. two weeks following the date CMS approves Medicare Direct always begins on the first your enrollment. of the month. It takes Medicare 6-8 weeks to process an enrollment. If a member enrolled If you are covered under the Retiree on April 15th, Medicare Direct would be Pre-Medicare Health Plan or the Retiree active June 1. Once you are enrolled, you 80/20 Plan, OptumRx continues to provide will not need to file claims for most services. your prescription drug coverage; therefore, Your doctor will submit the medical claim to you will continue to use your current Medicare Part B. Medicare will make their OptumRx ID card – a new one will not be payment and then forward the claim for issued. the remaining expenses directly to Aetna. The ID cards you and your covered depen- Aetna will make any appropriate payment dents receive may vary depending on the to the provider and send you an Explana- medical plan you are enrolled in. tion of Benefits statement when the claim is processed. For example:

All Retirees, Both Under and Over Age 65 • Each Medicare eligible member enrolled in the Retiree 80/20 Plan will have their How to Pay own ID card and share a common Endowed retirees are billed monthly by OptumRx ID card. You enroll as individ- Aetna’s Retiree Service Center. You can uals for medical coverage through Aetna. pay your bill through bank draft, check, online bill pay or debit/credit card online. • Each Medicare-eligible member For more information on retiree health enrolled in the Aetna Medicare payment options, call the Aetna Retiree Advantage PPO Plan will have their Service Center at (800) 338-4533 or log-in own combined medical/RX ID cards. to the retiree benefits website by visiting • All non-Medicare-eligible members AetnaRetireeHealth.com/Cornell. If you enrolled in the Retiree Pre-Medicare have sick leave credit, it will be applied to Health Plan will have a common the cost of your health insurance. Due to Aetna medical ID card and a common timing issues, your sick leave credit may not OptumRx ID card. be reflected immediately on your Aetna bill. Questions should be directed to the Aetna Note: Cornell expects and intends to Retiree Service Center. Please see the section continue to offer health coverage to retired on the Sick Leave Conversion Program. faculty and staff. However, Cornell reserves The maximum sick leave credit that can be the right to modify, suspend, or terminate applied to your monthly premium is one the plan at any time. half of the monthly cost of single retiree coverage.

- 11 - Sick Leave Conversion Program Total hours of unused sick leave = 702 Endowed staff Final hourly rate = $20.00 You will receive credit for unused sick leave (annual salary/52 weeks/scheduled weekly hours if you retire at age 55 or older with at least = hourly rate. Scheduled weekly hours for an ten years of service at Cornell Universi- exempt person is usually 40) ty, have participated in a Cornell health Life expectancy value at age 60 = 288 months insurance plan at the time of retirement, and Monthly premium credit amount = $48.75 have accumulated sick leave at the time of retirement. This credit is used to satisfy up to one-half the cost for single coverage under the chosen plan. This program converts your unused sick leave into a dollar credit, which is then Endowed faculty applied toward the cost of your retiree Endowed faculty do not accrue sick leave, health coverage. The maximum amount of and are given the equivalent of 30 days sick sick leave is 90 days or 702 hours. leave at retirement, which is applied in the same method. Example Formula: total hours of unused sick leave multiplied by final hourly rate divided by life expectancy value (found in the Life Ex- pectancy Table below):

Age in Retirement 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65

Life Expectancy 389 378 368 357 347 337 327 317 307 297 288 278 269 259 250 241 (in months)

Age in Retirement 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80

Life Expectancy 232 223 214 205 197 188 180 171 163 155 147 140 133 126 119 (in months)

Dental Plan Vision Plan If you are enrolled in the Endowed Dental If you are enrolled in the Endowed Vision Plan administered by MetLife, you have a Plan administered by Davis Vision you have federally protected right under COBRA leg- a federally protected right under COBRA islation to continue current coverage for up legislation to continue current coverage for to 18 months beyond your retirement date. up to 18 months beyond your retirement PayFlex will provide the COBRA enrollment date. PayFlex will provide the COBRA en- notice and handles the billing for COBRA. rollment notice and handles the billing for COBRA. Call the HR Services and Transitions Center (HRSTC) at (607) 255-3936 for more informa- Call the HR Services and Transitions Center tion about continuing coverage under your (HRSTC) at (607) 255-3936 for more informa- current dental plan through COBRA. tion about continuing coverage under your current vision plan through COBRA.

- 12 - Flexible Spending Accounts investment service provider representative, If you retire and there is a balance left please contact them directly at: in your medical care Flexible Spending • Fidelity Investments 1-(800) 642-7131 Account, you can continue to receive reim- • TIAA 1-(800) 732-8353 bursement of medical expenses incurred prior to your date of termination. Federal To discuss your payment options, to begin regulations permit you to continue to distributions, or to obtain your proper Re- receive reimbursement of medical expenses tirement Distribution forms, please contact incurred after your date of termination only your selected investment service provider if you continue to participate in Flexible directly at: Spending Accounts by making after-tax • Fidelity Investments 1-(800) 343-0860 contributions during the remainder of the • TIAA 1-(800) 842-2776 same calendar year of your retirement. You can continue your coverage by enrolling in Cornell University Retirement Plan COBRA administered by PayFlex. PayFlex (CURP) will send you COBRA materials. As an employee eligible under the Cornell You can continue to remit dependent care University Retirement Plan (CURP), you expenses incurred during the plan year are eligible to withdraw from their plan against any unused balance until the funds account(s) upon one of these events: in your account are exhausted or the plan year ends, whichever comes first. Separation from Cornell • Retirement: At least age 55 and at least 10 All claims must be received by the admin- years of credited service istrator within the time frame for claims submission for that year, which is April 30 • Minimum Distribution: Age 72 and following the calendar year of participation. has not begun benefit distributions Contact the HR Services and Transitions (mandatory) Center (HRSTC) at (607) 255-3936 for addi- • Death: Paid to designated beneficia- tional information. ry(ies) • No longer employed by Cornell.

RETIREMENT PLANS If Separated from Cornell If separated from Cornell for any reason, Cornell’s Retirement Investment you will work directly with the Investment Service Providers Service Provider(s) on the following: For all of Cornell’s retirement savings plans, • Address changes. the selected investment service providers • Beneficiary(ies) changes. are Fidelity Investments and/or TIAA. Each service provider can assist you with contribu- • Distributions or payment changes. tions, your balances, your investment choic- • Obtaining distribution forms. es, beneficiary(ies) changes, payment options, • Rollovers. or obtain retirement distribution forms. For additional information regarding the To schedule an individual retirement coun- plan, https://hr.cornell.edu/benefits-pay/ seling appointment with your selected retirement-finances/retirement-and-savings/ cornell-university-retirement-plan-curp

- 13 - Cornell University Tax-Deferred the default distribution type of a single Annuity Plan (CUTDAP) lump sum payment subject to the appro- priate taxation will be paid on or within 90 As an employee who voluntarily participat- days following your separation of employ- ed in the Cornell University Tax-Deferred ment. Annuity Plan (CUTDAP), you are eligible to withdraw from their plan account(s) upon Distribution election options under the one of these events: 457(b) deferred compensation plan are different from other Cornell University Separation from Cornell retirement plans. It is strongly encouraged • Retirement: At least age 55 and at least 10 that you meet with your selected investment years of credited service service provider representative, or financial • Minimum Distribution: Age 72 and advisor, well in advance to your separation has not begun benefit distributions from Cornell University, to discuss your (mandatory) options. • Death: Paid to designated beneficia- ry(ies) Social Security • No longer employed by Cornell. When you work and pay Social Security taxes, you earn “credits” toward Social If Separated from Cornell Security benefits. The number of credits you If separated from Cornell for any reason, need to get retirement benefits depends on you will work directly with the Investment when you were born. If you stop working Service Provider(s) on the following: before you have enough credits to qualify • Address changes. for benefits, the credits will remain on your Social Security record. If you return to work • Beneficiary(ies) changes. later, you can add more credits to qualify; • Distributions or payment changes. however, Social Security Administration • Obtaining distribution forms. cannot pay any retirement benefits until you have the required number of credits. • Rollovers. You can apply for retirement benefits online For additional information regarding the at www.socialsecurity.gov, or by contact- plan, https://hr.cornell.edu/benefits-pay/ ing them directly at 1-(800) 772-1213 (TTY retirement-finances/retirement-and-savings/ 1-(800) 325-0778). Or you can make an ap- tax-deferred-annuity-tda pointment to visit any Social Security office to apply in person. Cornell University 457(b) Deferred Compensation Plan Under the Cornell University 457(b) LIFE INSURANCE IN RETIREMENT Deferred Compensation Plan, you must elect distributions from your account within Life insurance is available to endowed 60 days (also known as “initial election faculty and staff who are at least age 55 and period”) after you have separated employ- have at least ten years of service with the ment with the university. university. This coverage is provided as part of your basic life insurance. If a distribution election is not made prior to the expiration of the initial election period, As a retiree, you will be able to view your

- 14 - retiree life insurance balance and view or In using Trusted Advisor: designate your beneficiary online via the You can manage your own beneficiary des- Cigna Trusted Advisor website: cornellretir- ignations and make changes when you want ee.cignatrustedadvisor.com. Once you have a completed the online process for designat- • Changes to beneficiary designations are instant, no more waiting to complete ing beneficiaries the new designation will be paper forms recognized as your most current record. • You can sign your beneficiary designa- Basic Life Insurance tions electronically • You can print a confirmation or receive $3,000 Retiree Life Benefit an email confirmation by entering your If you were younger than age 50 on January 1, email address into the system 1980, or if your coverage through the Group Life Insurance Plan began after January 1, How to maintain beneficiaries online: 1980, and you have had at least ten years of • Go to service, you will receive a $3,000 life insurance cornellretiree.cignatrustedadvisor.com policy, at no cost. • Click on the “Beneficiary Employees who retire from the university with Administration login” a $3,000 benefit have the option to convert • Click on the “Register” button the difference between their active Basic Life • Enter the last 6 digits of your SSN and Insurance amount and $3,000. You will receive date of birth a notice of conversion once you have officially • Create your username and password retired from the university which will provide you the appropriate information to execute your rights to conversion. The right to convert Group Universal Life (GUL) is time sensitive so please review all informa- Insurance tion received timely. As a retiree, you may continue the full CIGNA’s Trusted Advisor amount of your Group Universal Life Because you are no longer in active Insurance coverage as of the date of your status, you will not have access to the retirement. You will be notified by Cigna Cigna Trusted Advisor website for Active regarding the continuation of your Group Employees. However, if you elected Universal Life policy at ported rates, to continue your Basic Life Insurance including your first direct billing notice, coverage, you will still be able to access the within 60 days from your date of retire- Cigna Trusted Advisor website for Retired ment (after your final payroll deduction Employees to review your personal informa- has been received by Cigna). Continua- tion: cornellretiree.cignatrustedadvisor.com tion of your Group Universal Life policy As a retiree, The Cigna Trusted Advisor® is automatic; you do not need to apply for website offers you a secure and easy way to it. This coverage can be maintained either enter and maintain your beneficiary desig- by continuing to pay premiums directly to nations. You can make beneficiary designa- Cigna Group Insurance or by having your tions for your retiree Life Insurance benefits premiums paid out of the Cash Accumula- and your Group Universal Life Insurance tion Fund, if your balance is adequate. The (if currently enrolled) online with Cigna cash value that is not being used to fund Trusted Advisor. your insurance coverage can be withdrawn to supplement your retirement income.

- 15 - You may also want to consider using the You have 31 days after your retirement date money in your Cash Accumulation Fund to execute your rights to conversion. Once to “pre-fund” or prepay your retirement you complete the application for conversion life insurance. When you retire, you can and the policy is effective, you will be billed use all or some of the money in the fund by Cigna for the premiums. For more infor- to purchase a specified amount of paid-up mation, please call Cigna Group Insurance insurance. By purchasing paid-up insurance, at (800) 231-1193. you will not need to make any additional payments to keep the policy in force. Long Term Care CNA will continue to bill you at home If you continue maintaining any or all of for the premiums. Should you have any your Group Universal Life (GUL) coverage, questions regarding this policy, please you can review this coverage and name contact CNA at (866) 234-9031. Retirement- beneficiaries by using the CIGNA Trusted Guard offers individual long-term care Advisor website at cornellretiree.cignatrust- policies. These policies are tailored to the edadvisor.com Once you have a completed individual needs of those who enroll. Com- the online process for designating beneficia- pletion of medical questions is required. For ries the new designation will be recognized more information and to enroll, please see as your most current record. their website at myltcexchange.com/cornell/. If you would like to review your coverage information or discuss making changes Legal Plan Insurance to your coverage, including reducing the You may continue your enrollment in the amount or cancelling the coverage prior to Legal Plan Insurance through direct bill. receiving your continuation notice, please ARAG will automatically send conversion contact Cigna directly. Cigna’s toll free information to your home address. You will number is (800) 231-1193. have 90 days from the date of retirement to elect. Contact ARAG at 800-247-4184 if you have questions. OTHER PLANS AND POLICIES Cornell Children’s Tuition Personal Accident Insurance (PAI) Scholarship (CCTS) Conversion Individuals who retire at age 55 or older As a participant in the PAI plan, you and with ten or more years of service retain your eligible dependents may convert your the same CCTS privileges they had as insurance coverage to an individual policy if active faculty or staff members. The level you are under age 70 at retirement. of CCTS benefits available to your children is determined by the date you were hired A medical examination is not required to as a benefits eligible employee. Although obtain a converted individual term policy. children of eligible employees have no age You will receive a notice of conversion once limitation, marital status limitation, or de- you have officially retired from the uni- pendency limitation, the benefit paid may versity which will provide you the appro- be considered a taxable fringe benefit to the priate information to execute your rights employee. Call the HR Services and Transi- to conversion. The right to convert is time tions Center (HRSTC) at (607) 255- 3936 for sensitive so please review all information more information. received timely.

- 16 - NY’S 529 College Savings Program BENEFITS NO LONGER AVAILABLE Retirees who contribute through payroll Certain benefits you enjoyed as a Cornell deduction should contact NYSAVES at (877) faculty and staff member were directly 697-2837 in order to set up a schedule for related to your employment. When you future contributions.

HEALTH retire, you will no longer be eligible for

those benefits through Cornell. Those | Faculty and Staff Assistance benefits include Workers’ Compensation, Program (FSAP) Short Term Disability, Long Term Disabil- As a retiree, you and your spouse/partner ity, Flexible Spending Accounts (except continue to remain eligible to receive free as- as previously noted), Tuition Aid or the sessment, counseling and referral under the Employee Degree Program, Business Travel FSAP. Contact the FSAP at (607) 255-2673 Insurance, and the Adoption Assistance (5-COPE) or fsap.cornell.edu. Program. However, if you retire while you are receiving long term disability benefits, Auto/Home/Pet Insurance you should call Medical Leaves Administra- You may continue your automobile, home- tion at (607) 255-1177 to review your change owner’s/ rental, and pet insurance by being of status. billed directly. You will need to contact Mercer Voluntary Benefits at (800) 553-4861 for more information. BENEFIT PLANS AND POLICIES AFTER RETIREMENT RETIREMENT AFTER POLICIES AND PLANS BENEFIT

- 17 - Other Retiree Benefits, Programs and Services

CORNELL RETIREES ASSOCIATION Workshops and Speakers (CRA) There are additional elder care/caregiving CRA is a networking and service group related workshops and seminars held each which holds several events each year and semester on campus. distributes an informative newsletter. All For information on any or all of these Cornell staff and faculty automatically programs and services please call (607) become members of CRA upon retirement. 255-1917, email [email protected], or Retirees and their spouses/partners are en- visit https://hr.cornell.edu/benefits-pay/fam- couraged to participate in activities. Partic- ily-life-support/elder-adult-care. ipation is voluntary and there are no mem- bership dues. CRA offers retirees volunteer Cornell Elder/Adult Caregiver E-list opportunities such as social events, a seat on the Employee Assembly governance board, and E-Newsletter: and provides a liaison with the university on Individuals can sign up for an e-list and/ important retiree issues. For more informa- or e-newsletter that provide information tion, call (607) 255-0388. To be added to an about elder and adult care, research and email list to receive a newsletter and notices challenges, caregiver workshops, activities of upcoming events, please send email to and events and campus and community [email protected]. resources. E-List: The e-list is an email that is sent with ELDER CARE/CAREGIVING SERVICES relevant announcements throughout the AND PROGRAMS month. To join the e-list, 1) open up an email Work/Life Consultations and type in the “Send To” field: elder-L-re- [email protected] 2) For the Subject of your For those with adult caregiving concerns, message, type the single word: “join.” 3) Cornell’s Work/Life consultant can assist Leave the body of the message blank with locating adult/elder care resources in the community as well as help caregivers E-Newsletter: To sign up to receive the who are providing care from a distance. The monthly caregiver newsletter, click on this consultant can help caregivers define their link which brings you to a sign in page: personal and older adult concerns while also https://hr.cornell.edu/e-lists outlining options to help caregivers deal with current needs and prepare for the future. CORNELL ASSOCIATION OF PROFESSORS EMERITI (CAPE) Caregiver Support and Education CAPE provides engagement and profes- Network sional/social community to those who share If you are providing care for an adult the experience of being retired Cornellians. family member, spouse, or friend, you are CAPE membership is automatic upon re- invited to attend monthly meetings of the tirement and is open to faculty, academics, Caregiver Support and Education Network. librarians, curators, extension associates, Facilitators will share strategies, tools, and and other members of Cornell’s professional resources for coping with stress, caregiver teaching, research, advising, and adminis- guilt, and burnout as well as information on trative staff. For more details on member- local/ national resources. Meetings include ship: https://emeritus.cornell.edu/about/ general discussion and sharing as well as purpose.html. occasional guest speakers. - 18 - The CAPE Executive Council meets monthly Eligibility for certain privileges is determined during the academic year to discuss ways by the employee’s status in Workday. Retirees to advocate for, inform, and assist CAPE may be required to show their CU ID card in members. CAPE has a vote on the Faculty order to receive no-fee parking options. Senate and on committees such as the Uni- versity Benefits Committee. CAPE offers Retiree Transit Privileges newsletters, social events, a grants program, Retirees can use their CU ID card to ride workshops, outreach projects, and volunteer TCAT buses anywhere they go, anytime opportunities, to name a few. During the they run; Cornell pays the fare. Visit https:// academic year, CAPE hosts a monthly tcatbus.com for TCAT route and schedule lecture series. For more information, contact information. CAPE at 229 Day Hall, (607) 255-6608, cape@ cornell.edu or CAPE website. Short-Term Parking Options Many short-term parking options are OTHER OPPORTUNITIES TO CONNECT available for a fee, including the new Retirees are encouraged to get involved in low-fee Daily Decision parking lots. committees and volunteer at events. Learn more here: Retiree Parking Privileges https://hr.cornell.edu/retirees/give-back Retirees who have a regular need for park- ing may choose from the same transpor- IDENTIFICATION CARDS tation options available to all employees. Your Retiree ID card is the key to taking Retirees may request an annual, no-fee O or advantage of many of the perks and R permit ($350 value) or choose to purchase discounts available to Cornell retirees. To any permit type for which they are eligible. receive your Retiree ID, please contact the HR Services and Transitions Center Retiree Accessible Parking Privileges (HRSTC) by phone (607) 255-396 or email Retirees can stop at a Parking and Informa- [email protected]. tion Booth and present their retiree ID card and municipal accessible placard or license CFCU COMMUNITY CREDIT UNION plate to obtain a no-fee, one-day PO permit. If you are a member when you retire, Retirees needing accessible parking on a you can remain a member of the CFCU regular basis should contact Transportation Community Credit Union with the same Services at [email protected], or privileges as an active employee. For more (607) 255-4600. information, call (607) 257-8500 or visit mycfcu.com. 25 Years of Service Retirees Retirees with a CU ID card that reflects RETIREE TRANSIT AND PARKING their 25 years of service may request ten, PRIVILEGES four-hour FLEX parking permits annually. The options below are current at the time of publication but could change due to the Emeritus Privileges transforming nature of the University. The Please consult the Emeritus Faculty hand- most up-to-date information regarding book or contact Transportation Services at retiree parking and transit options can be (607) 255-4600 for information. found at https://fcs.cornell.edu/departments/ transportation-delivery-services/parking/ parking-options-cornell-retirees.

- 19 - LEARNING AT CORNELL INTERCOLLEGIATE ATHLETICS AND Retirees are eligible to enroll in up to six ATHLETIC FACILITIES credit hours per semester at no charge. You Retirees with 25 years of service or emeritus may enroll through the School of Continuing professors are offered two tickets to all Education and Summer Sessions in B20 Day athletic contests except Men’s Ice Hockey Hall, (607) 255-4987, [email protected], and post-season contests. All other retirees with the permission of the course instructor, with 10 to 24 years of service to the university or course department and a representative continue to be eligible for the same privileg- of Benefit Services and Administration. The es they enjoyed when they were employed. School of Continuing Education and Summer All tickets can be obtained at the Athletic Sessions will help with questions you may Ticket Office, Bartels Hall, by appearing in have regarding enrollment in a class. person and showing a retiree ID card. All retirees could be eligible for certain other Cornell’s Adult University offers trips to spec- discounted senior citizen tickets. Contact tacular destinations around the world, as well the Ticket Office at [email protected] or as inspiring courses on the Cornell campus, (607) 255-4247 for more information or visit all taught by engaging Cornell faculty and bigredtix.com. Athletic facilities that continue open to all. For information on all CAU to be available to all retirees are: programs, visit https://sce.cornell.edu/travel/ about. Contact the Ticket Office at athletictick- [email protected] or (607) 255-4247 for more To learn about offerings through the Cornell information or visit CornellBigRed.com/ Botanic Gardens, visit https://cornellbotanic- tickets. Athletic facilities that continue to be gardens.org/. available to all retirees are: COMPUTER ACCESS • Lynah Rink: Call (607) 255-3793 for As a retiree, you can use your Cornell email more information. address. For information on computer access • Robert Trent Jones Golf Course: For contact the IT Service Desk at (607) 255-5500 or more information, call (607) 254-6531. [email protected], it.cornell.edu/support. • Reis Tennis Facility: For more infor- LIBRARIES mation, call (607) 254-8922 or online at As a Cornell retiree you are entitled to reistenniscenter.com. Cornell University Library borrowing privi- • Physical Education class. All retirees leges and access to e-resources when licenses are eligible to enroll in Cornell Physical permit. Your retiree ID is your library card. Education classes. The full schedule of For more information contact: https://www. courses can be found on the PE website library.cornell.edu/services or (607) 255-4144. at https://pe.cornell.edu. • Helen Newman Hall Bowling Center: Cornell retirees receive a discount on open bowling rates, and the opportu- nity to join other retirees for regular bowling. For more information, call (607) 255-4200.

- 20 - FACILITIES AND EVENTS weekly or monthly enews posting. Ezra magazine is published quarterly online. Willard Straight Hall, Appel Com- • Cornell Chronicle: news.cornell.edu mons, Noyes and Robert Purcell • Ezra magazine: ezramagazine.cornell.edu Community Centers: • Events Calendar: events.cornell.edu Retirees are welcome to use general facilities and program free of charge, except for some • CUinfo: cuinfo.cornell.edu specialized services which require a mem- bership. CORNELL CLUB Retired faculty and staff interested in main- Cornell Concert Series: taining contact with the university should contact Alumni Affairs and Development, Tickets can be purchased online at cor- 130 East Seneca Street, Suite 400, Ithaca, nellconcertseries.com or by calling (607) New York 14850, or call (607) 254-7150. 255-5144, [email protected]. The office will be pleased to provide the The Department of Music: name, address and telephone number of the current president of the Cornell Club in the presents many concerts each academic year, area in which the retired employee is living. including concerts and recitals by faculty and students; by instrumental, choral, and The Cornell Club – New York world music ensembles; and by guest artists Retired Cornell faculty and staff members and guest ensembles. Nearly all are free are eligible to join The Cornell Club in New and open to the public. Contact the events York City at a discounted membership manager at [email protected] or music. rate, in addition to the waived initiation cornell.edu for more information. fee. Annual membership dues are listed at The Department of Performing and cornellclubnyc.com and dues may be paid Media Arts: either quarterly or annually. For more infor- mation, please contact membership@cornell- presents plays throughout the year, which clubnyc.com. often include guest artists as well as students, faculty, and staff. For audition CORNELL WELLNESS FOR FITNESS, information, season and individual tickets, contact the Schwartz Center Box Office at NUTRITION AND WELL-BEING A resource for you in the areas of fitness, (607) 254-2787, schwartztickets.com. Senior nutrition, general health and wellness. citizen tickets may be available. Cornell Wellness serves all staff, faculty, Cornell Cinema: retirees, and their spouses/partners in the offers many different films/videos each year. areas of fitness, nutrition, general health and Except for special offerings, tickets for senior wellness. We provide educational oppor- citizens are discounted. Contact the box tunities that empower individuals to make offices, 104 and 106 Willard Straight Hall, healthy choices for themselves. (607) 255-3522. Visit cinema.cornell.edu. Cornell retirees and their spouses/partners CORNELL NEWS may take advantage of the following: Many Cornell sources help retirees keep • Free individual consultations including in touch with university news, events, and fitness, nutrition, general health and wellness, tobacco cessation and general activities. The Cornell Chronicle is available fitness and nutrition education sessions. online but you can also subscribe to their - 21 - • All Cornell Wellness outreach pro- EMPLOYEE PERSONAL PURCHASE gramming DISCOUNTS AND OTHER PERKS • Free social activities through our Retirees may be eligible to continue certain Healthy Living Program* personal purchase discounts and other perks • Wellness Recreation memberships provided to employees. For information ($175/fiscal year) include access to on specific discounts you should check the group fitness classes offered both Division of Financial Affairs webpage for through Cornell Fitness Centers and Employee Personal Purchase Discounts: dfa. the Healthy Living Program, fitness cornell.edu/procurement/buyers/employ- centers and pools. (Note: currently ee-discounts and the Perks webpage: hr.cor- Cornell retirees and their spouses/ partners do not have access to fitness nell.edu/wellbeing-perks/perks-discounts. centers or pools on campus due to COVID 19. Please see our facilities page for future details.) * Healthy Living Program Cornell Wellness offers opportunities for physical fitness and social experiences that are appropriate for every size, shape, age, and ability. These offerings are great for individuals who are first starting a fitness program, have gone through joint replacement, suffer from arthritis, experi- ence lingering joint pain from injury, have physical limitations or disabilities, those who want to improve their balance, fitness, overall wellness and more. Lectures, workshops, social events, group fitness class announcements (and cancel- lations) and more are shared through a communication e-list. Email Keri Johnson at [email protected] to request to be added to this e-list. For more information, see wellness.cornell. edu, email [email protected] or call (607) 255-5133.

Recreation membership: recreation.athletics. cornell.edu/wellness/membership/perks.

Healthy Living Program: recreation. athletics.cornell.edu/wellness/membership/ healthy-aging-program.

- 22 - For More Information For more information, contact the HR Services and Transitions Center (HRSTC) Division of Human Resources 395 Pine Tree Road, Suite 110 (607) 255-3936 [email protected] hr.cornell.edu.

DISCLAIMER While every attempt has been made to ensure the accuracy of this document, the legal documents, policies, or certificates pertaining to the various benefits prevail in the event of any discrepancy. This booklet does not con- stitute a legal document. The policies summarized here are subject to change. The language is not intended to create a contract between the university and its retired faculty and staff. The university reserves the right to amend, modify, or withdraw in its sole discretion any provision contained herein. Neither this document, nor any of its terms or provisions, constitute a contractual obligation by the univer- sity. Policies and benefits for members of collective bargaining units may differ from those described herein. If you belong to a collective bargaining unit, refer to the terms and conditions of your contract for more information.

- 23 - HUMAN RESOURCES Benefit Services and Administration

2021 Endowed Retiree Health Plan Rates The charts below show monthly premiums to be paid by the retiree, covered dependents, or an individual whose retiree spouse has passed away.

Retiree Covered dependents

IF YOU ENROLL IN YOUR MONTHLY PREMIUM IS IF YOUR DEPENDENT THEIR MONTHLY TOTAL MONTHLY Medicare Advantage Plan $25.69 ENROLLS IN PREMIUM IS PREMIUM Medicare Advantage Plan $102.74 $128.43 Retiree 80/20 Plan $131.73 $157.42 Retiree Pre-Medicare Health Plan $227.83 $253.52

IF YOU ENROLL IN YOUR MONTHLY PREMIUM IS IF YOUR DEPENDENT THEIR MONTHLY TOTAL MONTHLY Retiree 80/20 Plan $38.72 ENROLLS IN PREMIUM IS PREMIUM Medicare Advantage Plan $123.28 $162.00 Retiree 80/20 Plan $139.82 $178.54 Retiree Pre-Medicare Health Plan $254.65 $293.37

IF YOU ENROLL IN YOUR MONTHLY PREMIUM IS IF YOUR DEPENDENT THEIR MONTHLY TOTAL MONTHLY Retiree Pre-Medicare Health Plan $74.94 ENROLLS IN PREMIUM IS PREMIUM Medicare Advantage Plan $171.26 $246.20 Retiree 80/20 Plan $193.85 $268.79 Retiree Pre-Medicare Health Plan $299.54 $374.48

Individual decedent spouse (prior to 7/1/93) Individual decedent spouse (after 7/1/93)

IF YOU ENROLL IN YOUR MONTHLY PREMIUM IS IF YOU ENROLL IN YOUR MONTHLY PREMIUM IS Medicare Advantage Plan $25.69 Medicare Advantage Plan $64.23 Retiree 80/20 Plan $38.72 Retiree 80/20 Plan $96.80 Retiree Pre-Medicare Health Plan $74.94 Retiree Pre-Medicare Health Plan $187.35

The plan premium does not include any applicable sick leave. It will be reflected in your billing statement, but due to timing issues, it may not appear on the initial bill. If you have questions about the health plan premiums, please call the Aetna Retiree Service Center at 1-800-338-4533 (TTY:711). While every attempt has been made to ensure the accuracy of this document, in the event of any discrepancy the Summary Plan Description and Plan Document will prevail. Diversity and Inclusion are a part of Cornell University’s heritage. We are a recognized employer and educator valuing AA/EEO, Protected Veterans, and Individuals with Disabilities. We also recognize a lawful preference in employment practices for Native Americans living on or near Indian reservations. Produced by Cornell University, revised 9/14/2020.

Division of Human Resources | hr.cornell.edu Division of Human Resources Benefit Services and Administration East Hill Office Building 395 Pine Tree Road Ithaca, NY 14850 (607) 255-3936 Web: hr.cornell.edu Email: [email protected] Diversity and Inclusion are a part of Cornell University’s heritage. We are a recognized employer and educator valuing AA/EEO, Protected Veterans, and Individuals with Disabilities. We also recognize a lawful preference in employment practices for Native Americans living on or near Indian reservations.

03/12/21