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money watch

TIAA-CREF offers yearly portfolio rebalancing

To maintain an appropriate risk/reward balance within retirement investment portfolios, TIAA-CREF suggests that employees in its retirement programs rebalance their portfolios periodically. However, plan participants often don’t get around to doing this. So, TIAA-CREF is introducing automatic portfolio rebalancing through its Asset Allocation Services. To use this service, plan participants first decide on an initial […]

Last week to stretch your $$$ in 2004 via new FSA

This is the last week to sign up for the Flexible Spending Account (FSA) for 2004. This program is new to WSU employees. It allows the permanent staff and faculty (appointed nine months or longer) to stretch their earning power by completing the enrollment paperwork by Nov. 30. Un-reimbursed health-related expenses such as deductibles for […]

Pullman, Spokane host PERS seminars

Two educational seminars have been scheduled for Washington State University employees participating in or considering the retirement PERS Plan III or transferring from PERS Plan II to PERS Plan III. The seminars include: • “How to get to the money in Plan III,” which details how funds can be distributed to participants. If you are […]

Opportunity to change insurance coverage begins

Open enrollment, allowing WSU employees to changes medical and dental insurance plans, will go from Oct. 20 to Nov. 30. Eligible family members not previously covered may be enrolled during this time too. Changes take effect Jan. 1, 2004. A PEBB Perspective newsletter will be mailed to each employee’s home address in the next week. […]

Oct. 23 Benefits Fair hosts financial reps

This year’s fair will be important to employees considering 2003 plan changes and premium increases. It will give them a chance to “shop plans” and select the one that best meets their insurance needs. Employees can save for retirement on a pretax basis. Where does one begin? First, review changes in the plan in which […]

PERS 3 seminars July 10

Three PERS 3 seminars are slated for Wednesday, July 10, in the Cougar Lounge at Beasley Coliseum. The times and topics include: • 8 a.m. Investment Education Seminar – Learn about the investment options for your PERS 3 defined contribution account. • 11:30 a.m. Transfer Education Seminar – This seminar gives you the information you […]

Working for WSU After Retirement

On July 1, 2001, the Post-Retirement Employment bill (ESSB 5937) became law. This law allows PERS Plan 1 retirees to work for a Washington state employer for up to 1,500 hours per calendar year without a reduction in their pension. If the retired employee works more than 1500 hours, the retirement annuity stops for the […]