Tuesday, October 25, 2016

Change will cut millions in benefits to future UW retirees - Greg Fladager, Casper Tribune

A little-noticed change in the University of Wyoming’s retirement plan will cut millions in employee health insurance benefits for future retirees. The action affected a provision that allowed staff to bank unused sick days, which could then be applied toward payment of state health insurance premiums at retirement. The payments could cover up to three years of the university’s share of insurance, a value of upwards of $50,000, depending on an employee’s health plan. The UW Board of Trustees’ action reduced the number of sick days an employee was allowed to accrue from 960 to 480. It also converted it to a one-time cash payment, based on salary. http://trib.com/news/local/education/change-will-cut-millions-in-benefits-to-future-uw-retirees/article_801b8909-6ba1-5d48-9c6a-0a75744b343e.html

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