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Volume 11 Number 8, August 2008

Human Resources

Benefits: Yale University Retirement Annuity Plan (YURAP)- Increase in Bend Point

There have been changes to the Yale University Retirement Annuity Plan (YURAP) with the start of the new fiscal year on July 1. All faculty and staff enrolled in the plan will begin contributions at the 2.5% rate. When an employee's accumulated fiscal year salary reaches the plan bend point, the contribution rate will automatically increase to 5%. The new plan bend point for fiscal year 2008-2009 is $54,200.

Benefits: Enrollment in YURAP and Supplemental Retirement Accounts (SRAs)

While there is no deadline for enrollment, completed election forms and vendor applications (for TIAA-CREF or The Vanguard Group) need to be submitted to the benefits office no later than the 10th day of the month for deductions to begin that month. Forms submitted after then will be effective the following month.

Reminder: Scholarship Plan for Children of Faculty and Staff for 2008-2009

Applications for Scholarship Assistance for eligible students must be submitted to the Benefits Office for the coming academic year.  A copy of the student’s birth certificate or passport needs to accompany the initial application, and applications for returning students must be renewed.

Full-time itemized tuition bills must be provided to Benefits each term in order for an award to be paid.  An itemized bill should include the following information: tuition, general college fees, room & board and scholarships, grants and loans.  If you haven’t received an itemized bill from the school your child is attending, please contact the financial aid or bursar’s office to obtain this breakdown. It will expedite processing the scholarship award payment to the school. The maximum award amount is $14,700 for the academic year.

Please visit www.yale.edu/benefits for eligibility information and application forms.

Backup Child Care Available

July 1 marked the start of a new fiscal year at Yale and another year of the Yale backup child care program. Yale is providing eligible faculty, staff, post-docs and students up to 40 hours of subsidized backup child care per fiscal year (July 1 - June 30). These services are intended to assist parents and guardians in arranging care for their children when their usual caregivers are not available. The backup child care service is provided through Caregivers on Call, which has a network of caregivers in all 50 states and services both major metropolitan areas and smaller communities. Due to its extensive network, parents or guardians may also use this service when traveling to meetings and conferences for work. To learn more and to register for the service, visit www.yale.edu/backupcare or call 432-8069.

Reminder: Resources for New and Expecting Parents or Parents of Young Children

The Department of Human Resources has several resources to help new and expecting parents or parents of young children to help balance work and family life.

  • The New Parent Packet contains a gift for a new child and information on University resources and services for parents/guardians. E-mail worklife@yale.edu.
  • Subsidized backup child care is available through Caregivers On Call. Visit our website for more information or call 432-8069.
  • The Yale Babysitting Service establishes a link between Yale faculty, staff and students to access babysitting services provided by Yale students.
  • Child Care Resource and Referral - The WorkLife Program has an Online Child Care Directory. Request a printed copy at worklife@yale.edu. Be sure to include your name and on-campus address.
  • Child Care Coordinator - Schedule a telephone or in-person session with the Yale Child Care Coordinator by e-mailing worklife@yale.edu or by calling 432-8069.