September 18, 2008
APSAC hears reports on benefits, life insurance
The Administrative and Professional Staff Advisory Committee’s Sept. 10 meeting featured reports on Purdue’s benefits comparison and review of life insurance options.
John Beelke, director of Human Resource Services, reported that Purdue’s benefits comparison is under way. Faculty and staff feedback will be solicited during the process to gauge how current benefits are valued.
Hewitt Associates is conducting the study, and a report is expected in December.
Beelke added that Purdue has hired consulting firm Mercer to assist in long-term planning of medical benefits and to work with the Health Plan Advisory Committee on benefits for 2010.
Teresa Wesner, benefit manager for retirement/life/disability, discussed possible changes to Purdue’s life insurance options with APSAC. Human Resource Services is in the middle of its review of term life insurance/accidental death and dismemberment, personal accident insurance and dependent life insurance.
Wesner said that HRS has received several positive bids that would give employees more purchasing power.
An open enrollment period for faculty and staff to choose their level of coverage is expected to be held in spring 2009, and coverage would go into effect on July 1, 2009.
In other news, APSAC welcomed Dan Annarino, who will represent the College of Agriculture and Cooperative Extension Service.
APSAC’s next meeting is scheduled for Oct. 14. More information about the committee is available at www.purdue.edu/apsac.