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The employee contribution amount will not be phased-in over a four-year period.
The Health Benefits reform provision requires all employees in the SHBP to contribute a certain percentage of the medical and/or prescription premiums based on the employees’ level of coverage and annual base contractual salary but not less than 1.5% of their base contractual salary for medical and/or prescription coverage. The amount of the employee medical and/or prescription contribution will be adjusted as employees receive salary adjustments during the year. For employees covered in a SHBP plan before June 28, 2011, the employee contribution amount will be phased-in over a four-year period.
The first plan year started on July 1, 2011, the second plan year started July 1, 2012, the third plan year started July 1, 2013 and the fourth plan year started July 1, 2014.
The new employee contributions are effective immediately. However, the legislation allows a grace period for employers to modify their payroll systems to adhere to the new employee contribution structure. Rutgers University anticipates that the new employee contributions will be taken on January 1, 2012.
SHBP Health Benefits Contribution Charts for Employees enrolled in the SHBP plan before June 28, 2011:
Yes, the NJ Division of Pensions and Benefits formed a committee to oversee the SHBP. The committee was charged with determining and designing the plans that will are offered by the SHBP. The new plan offerings were available during the fall (October 2011) Open Enrollment period. The effective date of coverage in these new plans was January 1, 2012.
Yes, the employee insurance contribution will continue to be taken on a pre-tax basis and included in the Tax$ave plan.