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Bechtel Jacobs Benefits Update - February 2, 2005

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                                         Benefits Update 

 

February 2, 2005

 

 

IMPORTANT NOTICE:

WOMEN’S HEALTH AND CANCER RIGHTS ACT (WHCRA)

 

Under the Women’s Health and Cancer Rights Act of 1998, this will serve as the annual notice that when a covered individual receives benefits for a mastectomy and decides to have breast reconstruction, based on consultation between the attending physician and the patient, the health plan must cover (1) reconstruction of the breast on which the mastectomy was performs, (2) surgery and reconstruction of the other breast to produce symmetrical appearance, and (3) prostheses and (4) physical complications in all stages of mastectomy, including lymphedemas.  The coverage must be the same as for any other benefit under the plan.

 

If you have any questions about your medical coverage of mastectomies and reconstructive surgery, contact Aetna Member Services between 9:00am and 9:00pm EST at 1.888.238.6203.

 

EMPLOYEE ASSISTANCE PROGRAM (EAP):

NEW INFORMATION

 

Aetna’s Employee Assistance Program (EAP) is available now!

 

Many people think that an EAP is only for people who need counseling.  But the Aetna EAP is designed for anyone who could use a little help in managing demanding everyday situations.  With a wide variety of supportive services in areas such as elder care, child care, legal and financial matters and more, the Aetna EAP can be your “life management resource.”  Using the Aetna EAP can help you save time and effort because the resources are in one place.  Best of all, you have confidential access to the program, which is offered at no cost to you.

 

Accessing the Aetna EAP is easy.  You can call 1-888-238-6232, 24 hours a day, seven days a week.  When you call, a specially trained professional will guide you to resources than can address your needs.  Or you can visit www.AetnaEAP.com for easy access to information, interactive tools, and self-assessments.  To enter the website, use the Company ID:  MYBJCEAP.

 

 

INTERNAL REVENUE SERVICE (IRS)

ANNOUNCED 2005 DOLLAR LIMITATIONS FOR

RETIREMENT PLANS

 

 

The Internal Revenue Service recently announced the new retirement plan dollar limitations for 2005.  Generally, retirement plan limits are adjusted only if the cost-of-living index increases in excess of statutory thresholds.  Those thresholds were met for 2005, thus triggering adjustments.

 

In addition, several limits set by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) also increased at the beginning of 2005.  The Social Security Administration also announced the 2005 taxable wage base.  The 2005 limitations compared to 2004 are shown below. 

 

2005 Retirement Plan Dollar Limitations     

Limit

2005 2004

401(k) Plan, 403(b) Plan, and 457 Plan Elective Deferrals

$  14,000 $  13,000

Catch-up Contributions (401(k), 403(b), 457, and SARSEP)

$    4,000 $    3,000

Defined Contribution Maximum Annual Addition (415 limit)

$  42,000 $   41,000

Defined Benefit Maximum Annual Benefit

$170,000 $165,000

Maximum Compensation Considered for Plan Purposes

$210,000 $205,000

Definition of Highly Compensated Employee

$  95,000 $  90,000

Social Security Taxable Wage Base

$  90,000 $  87,900

 

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