Benefits » Retirees
New retiree medical benefit summary chart available! While your medical plan summary plan description is the best resource for detailed answers to your coverage questions, this new summary chart (pdf) provides a quick and easy guide to how your plan will pay for common expenses. With Open Enrollment coming up around the corner, take a moment to review!
VSP Enrollment Information (pdf)
| Your Monthly Payment | |
|---|---|
| Retiree Only | $10.70 |
| Retiree + One Adult | $21.41 |
| Retiree + Child(ren) | $21.62 |
| Retiree + Family | $26.76 |
The LANS Defined Benefit Pension Plan (TCP1) Cost of Living Increase (COLA) effective July 1, 2008 is 2% (Based on a 2.4% CPI (Consumer Price Index) increase in San Francisco/Northern California, as determined in accordance with the Plan Document as outlined below.
The COLA is calculated as:
In general, the maximum possible annual COLA increase is 6% based on this formula. For this year, only the first 2% of the overall 2.4% CPI increase is counted.
Retiree benefits are administered by Hewitt Associates. If you are a lab retiree (retired from UCRP or LANS) with questions regarding premium payment, plan enrollment, qualified change of status, or other general information - please contact Hewitt Associates Customer Care.
You are a TCP 1 employee if you elected to transfer service credit and pension benefits from UC (or Parent Company) as of June 1, 2006.
You are a TCP 2 employee if you were hired on/after June 1, 2006; or, if you elected to leave accrued pension benefits earned under UCRP (or Parent Company) as of June 1, 2006.
