The University of Alabama System Wins 2025 Eddy Award
Pensions & Investments oversees an annual program, The Eddy Awards, recognizing plan sponsors and service providers that exhibit best practices in offering investment and financial education to defined contribution plan participants. Earlier this month, The University of Alabama System was among 61 campaigns recognized for “creativity and comprehensiveness in helping workers plan for and enjoy…
Open Enrollment begins Tuesday, Oct. 15
It’s decision time! Open Enrollment is your once-a-year opportunity to make certain benefits changes, including enrolling in a flexible spending account (FSA) or health savings account (HSA) for the upcoming tax year. Open Enrollment begins Tues., Oct. 15 and will end Thurs., Oct. 31, 2024. You only have 17-days to make decisions, and changes will…
Important Next Steps for Your Voluntary Retirement Plan Transition
The University of Alabama System recently announced enhancements to the 403(b) and 457(b) voluntary retirement plans through TIAA to help employees plan and save for the future. A detailed Transition Guide with important information about this transition was mailed in early March 2024 to all participants who have funds in The University of Alabama System…
Enhancements to Voluntary Retirement Plans
The University of Alabama System is pleased to announce enhancements to the 403(b) and 457(b) voluntary retirement plans through TIAA to help employees plan and save for the future. The changes do not require you to take any action at this time, and a detailed Transition Guide with additional information will be mailed in early…
New Employee Assistance Program Provider
The University’s Employee Assistance Program (EAP) provider transitions to GuidanceResources by ComPsych beginning Jan. 1, 2024. The GuidanceResources platform features an enhanced provider network because ComPsych is the world’s largest provider of mental health services. Your EAP will continue to offer free and confidential counseling sessions, plus complimentary legal, financial and work-life guidance, whenever and…
New Student Debt Solution from Savi
Are you still paying for student loan debt? Introducing a new debt solution for employees of The University of Alabama: The path to reducing your monthly student loan payment and working toward loan forgiveness could be getting much easier. That’s because you and your family members have access to a robust solution that helps you…
Healthcare Premium Deduction Changes
Medical, dental and vision premiums are currently collected one-month-in-advance. For example, premiums collected for medical insurance on your November check(s) pays for coverage in December. Effective Jan. 1, 2022, premiums will be collected in the current month for January coverage and continue for all subsequent months with the following impact: All benefit-eligible employees who paid medical, dental or…
Blue Cross Blue Shield Settlement
In October 2020, Blue Cross Blue Shield Association reached a $2.67 billion settlement in a class-action antitrust lawsuit. If you were covered by any Blue Cross self-funded plan, including the University’s self-funded health plan, between Sept. 1, 2015 through Oct. 16, 2020 you may be eligible for a settlement payment. Additional information, including frequently asked…
TIAA Financial Wellness Webinars May 11-13
TIAA is offering several one-hour live webinars from May 11-13 addressing a wide array of financial issues including information on responsible investing, 529 college savings plans, creating a paycheck for life, mid-career financial checkups and more. Click here for more information and how to enroll for the seminars.
Fraudulent Unemployment Claims Increasing
There has been a recent surge in fraudulent unemployment claims across the United States, including Alabama. Visit the U.S. Department of Labor website to learn about signs you may be a victim and how to report unemployment identity theft.