Hamot Looks to Partner With UPMC
As reported on the Hamot website, the Hamot Health Foundation Board of Trustees voted unanimously to approve the definitive agreement to affiliate and integrate Hamot with UPMC. The operational integration between the two medical institutions is expected to begin as soon as customary regulatory processes are completed. More information about the announcement can be found online.
Annual Retirement Account Statements Mailed
Be on the lookout for the annual UPMC Retirement Program statements that were mailed to all eligible participants’ home addresses this week. This statement includes your retirement account balances as of Dec. 31, 2010. Take a moment to review this information, and don’t forget the following steps you can take to help build your retirement savings:
- Save as much as you can through the UPMC Savings Plan. Don’t forget, UPMC matches a portion of your contributions.
- Review your investments regularly. You control your investments in the Savings Plan. If you’re looking for a simple investment solution, consider a premixed portfolio offered through one of the Vanguard Target Retirement Funds (TRFs). TRFs are diversified investment funds managed by professionals that become more conservative as you approach a specified retirement date.
- Find out if you’re on track. Use the Project Retirement Income tool on the Your Benefits Resources website to see if you’re projected to have enough money by the time you’re ready to retire. You can even model how you can improve your outlook.
Simply log in to My HUB, click on the Human Resources tab, then select My Retirement under My Benefits to access your up-to-date account information, make changes, and use the available tools on Your Benefits Resources.
Did you know?
The UPMC Retirement Program is an important part of your total compensation package. UPMC provides two retirement plans to eligible employees: the Savings Plan and the Cash Balance Plan. If you are eligible and fully participate, you can receive 5.5 to 8 percent of your eligible pay on top of any contributions you make to the Savings Plan. Don’t miss out on this opportunity to save for a secure financial future.
The UPMC Savings Plan provides eligible participants with a matching contribution. For every dollar you contribute, UPMC contributes 50 cents, up to a certain percentage of your pay. If you haven’t been contributing to the Savings Plan, you are missing out on a great opportunity to save for retirement. Don’t leave that money on the table — start saving now so your assets can grow to help you reach your retirement goals.
The Cash Balance Plan provides eligible employees with annual retirement credits based on annual pay, age, and years of service. Interest credits are added to your retirement credits, increasing the amount you save for retirement. Employee contributions are not permitted for the Cash Balance Plan.
Lose Now. Win Later.
Even though the 2011 Weight Race just kicked off, we already have surpassed the number of registered participants from last year. There are 7,592 employees signed up for this year's race, up from 6,381 last year.
There are a variety of ways to remain motivated and meet your Weight Race goal.
- Check the leader board weekly to get your team’s standing, starting Jan. 24.
- Join fans of the Weight Race on Facebook and Twitter.
- Link to Dr. Madelyn Fernstrom’s UPMC MyHealth Matters blog for weight management tips and tricks.
- Access the expertise of a health coach. Health coaching is free, and engaging one for personal support increases your chances of success.
All of these features can be accessed by logging in to My HUB, clicking on the Human Resources tab, then selecting MyHealth Online under My Benefits.
The following systemwide policies were reviewed and updated by the UPMC Policy Review Committee in December 2010. All UPMC policies can be reviewed in their entirety on Infonet.
HS-HR0724 Performance Management*
Minor changes to the following policies
HS-HR0704 Corrective Action and Discharge*
HS-HR0738 Recruitment & Selection Policy*
*With respect to UPMC business units described in the Scope section, this policy is intended to replace individual business unit policies covering the same subject matter. In-Scope business unit policies covering the same subject matter should be pulled from all manuals.
For an online listing of upcoming events, visit http://extra.upmc.com/Events.htm.
January and February
Throughout January and February, Panera Bread will be collecting spare change as part of Panera’s Operation Dough Nation. Donations made during these months will benefit women’s and infants’ health research conducted by the Magee-Womens Research Institute. Donation boxes will be at all registers at the 26 Pittsburgh-area Panera Bread locations.
Between midnight and 6 a.m., the UPMC Data Center will undergo a scheduled outage that will affect network access to systems based out of the Forbes Tower Data Center. Learn more about the outage.
Research Study Recruiting Participants
Do you have a child, age 9 to 17 who seems sad, depressed, and irritable most of the time? Has your child lost interest in things he or she used to enjoy? Researchers at the University of Pittsburgh are looking for children and teens with depression to participate in a study of social and emotional development. Participation involves computer tasks, an MRI scan to measure brain activity, and questionnaires and interviews about behaviors, feelings, and daily experiences. Compensation is provided.
For more information, and to see if your child qualifies to participate in this study, call 412-383-5425.