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Health / Safety

Good news on CSU benefits for faculty and administrative professionals

October 18, 2011

President Tony Frank sends some good news about benefits for faculty and administrative professionals.

Dear colleagues,

This is one of those pleasant – and seemingly rare – opportunities when I get to be the bearer of some really great news. We’re heading into the benefits open enrollment period for faculty and administrative professionals, and I’m pleased to announce that there will be no increases to your benefits costs for next year.

Although national health care costs continue to run at an annual increase nearing 12 percent, our self-funded plans for faculty and APs have bucked this trend.

Claims are lower than expected, we’ve seen a reduction in some key administrative costs, and employees are managing their health-care expenses wisely – all of which leaves us well positioned as we head into the next calendar year.

This decision came after considerable discussion with the CSU Benefits Committee, representatives from Anthem BC/BS, and our benefits consulting firm, Gallagher Benefits.

We all know the difficulties that people are facing from several years without a salary increase, and this is one area where we have the power to reduce the burden on at least one group of our employees.

(Unfortunately, this doesn’t apply to state-classified staff, whose benefit rates are set by the state of Colorado.)

Thanks to HR Executive Director Tony DeCrosta and his team for doing the legwork and analysis to make this possible.

Tony Frank, President