The latest work-life information at IU
No. 52
October 2010

University Human Resources
Informed Employee

New Class of Mutual Funds at TIAA-CREF
Lower Management Expenses

Indiana University is pleased to announce a new class of mutual funds at TIAA-CREF with significantly lower management expenses, effective October 29, 2010. This new class of funds will only be available to a limited number of institutions.

Mutual funds in this new Institutional Share Class have the same investment strategies as the funds currently on the investment menu, but with lower management expenses. Reduced fund expenses provide more earning potential for participant retirement accounts.

During the weekend of October 30, 2010, existing mutual fund balances will be moved to the new, lower-cost class of funds automatically. Balances will simply be transferred, and no change will be made to current allocations. Participants do not need to take any action—the quarterly statement will record any transfers to the new class of mutual funds.

Details of these changes are being sent to participants, including a list of investment choices.

For more information on these new investment options or to discuss investment allocation, contact TIAA-CREF's Telephone Counseling Center at 800 842-2252 or schedule an appointment with a consultant, either via phone or at a TIAA-CREF office by calling 800 732-8353. Additional information is at


TIAA-CREF Funds Current Net
Expense Ratio
New Net
Expense Ratio
Int’l Equity .84% .59%
Growth & Income .77% .52%
S&P 500 Index .34% .09%


Annual Federal Notices

Employers, like Indiana University, are required to provide notices to employees about rights and responsibilities they have related to healthcare coverage. The full text of these notices is available at A summary of each is provided below.

Medicare Prescription Drug Coverage
The university's employee prescription benefits allow covered individuals to delay enrolling in Medicare prescription coverage without penalty so long as enrollment takes place within 63 days of IU coverage ending.

HIPAA Privacy Practices
IU maintains the privacy of Protected Health Information (PHI) that is received or created by its healthcare plans. PHI is only used for the payment, treatment or operations of its healthcare plans consistent with federal and state privacy laws.

Women's Health and Cancer Rights Act (WHCRA)
The mastectomy and reconstruction benefits provided under IU medical plans meet all the requirements of WHCRA.

Medicare/CHIP Special Enrollment Rights
IU employees have the right to change health coverage during the year when there is a change in the eligibility of a dependent child to receive coverage under Medicaid or a state Children's Health Insurance Program (CHIP).

The Uniformed Services Employment and Reemployment Rights Act (USERRA) establishes employee eligibility and job entitlements, employer obligations, benefits and remedies under the Act.

Healthcare Coverage for Children
Children of employees who have not yet reached age 26 are eligible to enroll in IU-sponsored healthcare coverage effective January 1, 2011, so long as they are not themselves eligible for coverage through an employer. This includes children whose coverage ended or who were previously ineligible for coverage due to marriage or tax dependent status.


Tobacco Use and Health
Economic Benefits of Smoking Cessation

Smoking costs Indiana more than $7 billion dollars every year. This, according to a new study conducted by researchers at Penn State University and released by the American Lung Association, is money that the state and consumers could be spending in other places. The study determined that smoking cessation programs are less costly to the public than not helping smokers who want to quit, and calculates that Indiana can save an average of nearly $15 million dollars annually by doing so.

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Page updated: 11 October 2010
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