UVM Benefits Cost Share
As part of its budget planning process, the University of Vermont is considering the possibility of adjusting the percentage of the cost of benefits paid by faculty and staff in relation to the cost of benefits paid by the institution. The cost shares for three key benefits are being reviewed:
- Healthcare Coverage
- Dependent Tuition Remission
- Retirement Savings Plan
These three benefits represent the lion's share of the cost of benefits at UVM. It is important to remember that there is no thought of changing access, eligibility or coverage of the benefits; the discussion is about changing the way that the COST of benefits is shared between the University and the individual.
The University Benefits Advisory Council (UBAC) is collecting feedback during the month of February in order to give faculty and staff a voice in the process. As they did with the PRMB discussion, the UBAC's role is to gather responses, identify issues, and apply guiding principles as they work toward creating a report to be delivered to the University President and Provost in early March.
This cost share discussion is part of the larger budget conversation that has been going on in earnest for some time now. As part of that process, the President and Provost asked the UBAC to reprise the role they played during the Post-Retirement Medical Benefits conversation. Then as now, that role involves facilitating cross-campus open forums, passing on feedback, and reviewing the impact of various models against a set of guiding principles. The Council will do research and serve as a sounding board, but it will not make a recommendation for any specific modifications.
- UBAC Town Hall meeting (1) on Monday, February 10
- UBAC Town Hall meeting (2) on Thursday, February 13
- UBAC Full Council meeting on Thursday, February 20 at 8:00 AM
What About Retirees?
This current discussion is about the cost share of benefits for active employees. There is NO intention to change the cost share of benefits for retirees.
The administration communicated prior to the February 20 UBAC meeting that as a result of a variety of factors including input from faculty and staff, cost sharing for Dependent Tuition Remission and the Retirement Savings Plan are no longer part of this discussion.
Share Your Thoughts
Share your thoughts in writing:
- e-Mail feedback to the UBAC via email@example.com
- Faculty may also share feedback through the Faculty Senate office
- Staff may also share feedback through the Staff Council office
- Share feedback anonymously using the Contact Form on this site
All feedback received (minus personal identifying information) will be passed on to the UBAC and then become part of the final report to the President and Provost.
Find any materials shared at UBAC meetings in the main menu under "Charts and Presentations."
Frequently Asked Questions
In addition to the overarching principles, costs, ratios and other information expressed on this site, is it expected that there will be a great deal of clarifying information conveyed through the answers to Frequently Asked Questions. The UBAC will not be able to respond to individuals, however questions and answers that are deemed helpful to the discussion will be posted on this site as there is opportunity to do so.
If adjustments are made to the cost share of certain benefits, when will that change take place?
At this point the Administration has indicated their interest in any modifications going into effect as early as July 1, 2014.
What about collective bargaining agreements?
As most people are aware, University contracts are expiring this year. Adjustments to the cost share of benefits would be subject to collective bargaining for represented faculty and staff.