Benefits Committee
by Kathy G.Greetings from the Benefits Committee! During this past year this committee was brought back to life with a new slate of members. Our combined strengths include a commitment to NCBC; a passion for benefits administration; a penchant for problem solving; and a strong desire to help people.
Here is a roster of current committee members and a summary of some of our projects.
Kathy Grzybowski, Chair, WIWB
Jackie Cherrybon, PAMB
Clarence Parson, INSB
Kathy Popejoy, MOWD
Carol Thompson, TXEB
Jeanne Tuell, KYWB
Long Term Disability (LTD) Insurance: We have requested and Gallagher has agreed to provide statistical data on a regular basis so the committee can analyze program usage including averages and trends. Looking at data collected from claims filed during April 1, 2007 and March 26, 2008, we learned 60% of the LTD claimants would have had no income if it were not for the NCBC LTD payments. These indicators suggest the LTD Plan fills a large gap in our benefit plans.
NCBC Survey: Back in March we sent you an on-line survey to find out how you feel about NCBC-sponsored benefits educational programs. We learned that 23% of the respondents are not currently NCBC members. Topics of interest for future training include understanding retirement benefits; explanations of investment alternatives; understanding federal benefits, and financial planning. Many of you prefer opportunities for one-on-one financial counseling. Our goal is to align our training programs with your needs and expectations. Thanks to all who responded.
NCBC Life Insurance Program: We are about to launch another benefit for you - a new Life Insurance Program with Aetna that will save you money on your insurance protection or supplement your current coverage. In addition, you will have benefits including guaranteed issue (no proof of health status) during the initial rollout, portability of coverage, coverage after retirement, as well as the ability to get coverage for your spouse and children. More information regarding this program will be provided soon.
Financial/Retirement Education Programs: If you are attending the 2008 NCBC Conference this summer in San Antonio and you’ve registered to attend Introduction to Financial Planning and/or Understanding Federal Retirement, be sure to let us know about your learning experience.
The Benefits Committee welcomes your NCBC benefits-related feedback and invites you to e-mail any of its members with your comments.