ANNUAL ENROLLMENT PERIOD 2014
This year’s annual enrollment period took place from Monday, July 14th through Friday, July 25th. Changes are effective September 1, 2014 and will be reflected on your October 1st check.
ERS has announced information regarding plan changes for plan year 2015.
- Please see the ERS Annual Enrollment page and plan year 2015 rate sheet at http://www.ers.state.tx.us/Employees/Annual-Enrollment/.
- A new Dental Discount Plan has been added as a 3rd option to the two dental plans currently offered. Careington International Corporation was selected as the provider for this plan. This is a dental discount service plan and not a dental insurance plan.
- Based on a survey conducted of ERS participants, the TexFlex health care plan will take advantage of new IRS rules allowing employees to carry over $500 for TexFlex health care plans. This change is effective for the plan year starting September 1, 2014. This change will eliminate an employee’s ability to incur additional claims during the grace period but will not affect the deadline to file claims during the grace period. Participants will have until August 31 of each year to use all but $500 of the money in their health care accounts, and can file claims for reimbursement through December 31 of that year. The TexFlex dependent care accounts will not be impacted by this change.
TRS (TEACHER RETIREMENT SYSTEM) CHANGES
The Texas Legislature implemented various changes during the 83rd legislative session. One of those changes was an increase in the employee contribution for TRS from 6.4% to 6.7% beginning September 1, 2014. The TRS State Matching rate will remain at 6.8%.