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Status Report: The
State Health Plan's Budget Shortfall:
UNC Asheville is continuing to monitor the
anticipated budget shortfall for the State Health Plan.
Based on current projections released by
Executive Administrator Jack W. Walker, the Health Plan's shortfall will
be $300 million in the year ending June 30, 2009. The plan will need an
infusion of cash by April 2009 and also anticipates a need for
additional resources in the upcoming biennium.
While the plan continues to take steps to
address the cash flow, nothing will be decided until the Legislature
convenes and considers options and remedies.
"The
Legislature, during the upcoming Long Session beginning in
January 2009, will review a range of options, request
additional research from the State Health Plan and, I
envision, pursue the most prudent path to address member and
taxpayer concerns and funding priorities," stated Walker in
a recent Member Update.
"Working
closely with the Legislature, and with input from our
members, we will find the necessary remedies," Walker
continued. "Meanwhile, we will also put in place a number of
the strategies we discussed at our Nov. 18th Board meeting –
strategies developed to make a significant difference in
terms of saving money and improving the health of members."
Additional
information about the State Health Plan and any current or
past Member Updates may be found by visiting their website
http://www.shpnc.org

...if you participate
in the 403b plan beginning January
1st deductions must be through either TIAA-CREF or Fidelity
Investments. See the Human Resource website
for more information or learn about your investment options via the new
UNC System 403b
website

ROLL ON!
It's time to ROLLOVER your leave
Do you have over 240 hours of vacation
leave? If so, it's time to roll all vacation hours over the 240 limit on over
to sick leave. While the rollover process
happens automatically, you will see the change reflected in your January
Leave report.
In accordance with UNC Asheville's
vacation leave policy, "On December 31st any employee with more than 240
hours of accumulated leave shall have the excess accumulation converted
to sick leave so that only 240 hours are carried forward to January 1 of
the next calendar year"
For many employees, the Winter Break is a
good time to burn some of those vacation hours should they wish to
reduce them prior to the rollover.
The 2008 Winter Break will include five scheduled holidays from December 22nd, 2008 through
December 26th, 2008. As Departmental work plans allow, employees are
encouraged to take advantage of an extended Winter Break through "Flex
Scheduling." Flex Scheduling involves the use of Vacation Leave, Bonus
Leave, or accrued Compensatory Time. This year's extended winter break
includes December 21st as well as December 28th through January 2nd, 2009.
Watch
your Mailboxes! The 2009 Preferred Drug List has been released!
Or
click
here for the website |