An update regarding OHIO's employee raise pool and health care benefits for Fiscal Year 2019
The purpose of this communication is to share raise pool and benefits change information with 51社区 faculty and staff that will be effective July 1, 2018.
FY2019 Raise Pool
In alignment with the budget planning assumptions approved by the Budget Planning Council and communicated in December, the University leadership has approved a raise pool of 1.5 percent for Fiscal Year (FY) 2019. All continuing, benefits-eligible employees hired prior to April 1, 2018, will be eligible for an increase.
Classified and AFSCME employees will receive a 1.5 percent 鈥渁cross the board鈥 increase. Raise guidelines for distribution of the 1.5 percent pool for Administrators and Faculty will be determined and communicated within each planning unit.
FY2019 Benefits
Minimal changes to the major components of the University鈥檚 health plans are scheduled to take effect in FY19. Cost sharing (deductibles, copays, out of pocket maximums, prescription copays, and other cost sharing aspects of the plan) will remain at current levels. Health plan premiums will continue to be based on salary using the nine salary bracket structure.
Health plan premiums for single plans, employee plus one dependent plans, and family plans will increase by approximately 5.5 percent due to escalating health care costs. Dental, Vision, Life, and Short Term Disability insurance premiums will remain at current levels.