Faculty Benefits Committee Minutes
September 11, 2001
Members Present: Chuck Donbaugh, Michael Elliott, Marc Goetschalckx, John Grovenstein, Jim Higgins, Jackie McGill, and Christina Shalley.
1. The meeting was called to order at 11:15 AM by Marc Goetschalckx. It was announced that Jackie McGill was elected as the Faculty Benefits Committee Chair for the 2001-2002 year.
Chuck Donbaugh stated that nothing definite was known at this point about Health Care changes. We do not know if the Board of Regents (BOR) will endorse a national PPO. (Our PPO is actually identical to an HBO plan with an out-of-network option.) A meeting was to be held with the BOR on Friday, September 14th. Perhaps something about changes would be announced at this meeting.
Michael Elliot inquired about the committee’s task to compare benefits with peer institutions. The College and University Personnel Association (CUPA) will be performing a college survey on all benefits in the near future. Right now they are doing a salary survey. The quality and cost effectiveness of the CUPA survey make it a more desirable option than one performed by a Georgia Tech committee.
John Grovenstein gave a report and provided the committee members with a handout on the new benefit offerings for 2002. These new benefits include Short Term Disability – UNUM, Extended Personal Insurance – AFLAC, and the 457 Individual Retirement Plan Option. Short Term Disability Insurance fills the gap between sick leave and the existing long-term disability plan. AFLAC supplemental insurance pays cash benefits directly to a person (in addition to medical insurance or any other insurance that a person has). The supplemental insurance includes an Accident Expense Plan, a Cancer Protector Plan, and Hospital Intensive Care Insurance. The 457 Individual Retirement Plan is now available in addition to the 403(b) plan. The plan has percentage and contribution limits and also catch-up provisions. The 403(b) plan has percentage and contribution limits and catch-up provision changes. Details of the new benefits offerings are presented in the handout.
Chuck Donbaugh stated that a couple of benefit items are being explored at this point. The process will involve exploration, a debate, and then determination of policy. One option is to provide voluntary benefits for domestic partners. Currently, Georgia Tech does not discriminate in employment practices, but some people feel it does discriminate in providing benefits. Another issue involves requiring mandatory direct deposit of paychecks. The practice would be implemented starting January 1, 2002, for new-hires and July 1, 2002, for all employees. Currently, approximately 70% of employees are salaried, and about 30% are hourly. The direct deposit might be placed in individual or multiple checking accounts of the employee. Perhaps a cash card (one that allows a certain number of withdrawals) or a credit union account might be provided for those who cannot or do not want to obtain a checking account.
2. The meeting was adjourned at 12:20 PM.