Mon. Nov 28th, 2022

Dear Colleagues:
Next Monday, we will begin the annual open enrollment process for employee benefit selections for 2023. Ahead of that, I am writing today to provide an update on how the University plans to address rising health care costs, and what you can expect with regard to employee contribution rates (the amount deducted from your paycheck for health coverage) for 2023.
The University is especially mindful of the difficult economic climate right now, and how household budgets are being challenged by inflation’s effect on everyday living, particularly as it relates to housing, food and gas. That is why the University is taking action to limit the impact of health care cost increases on our community members.
Based on the annual algorithm that determines employee contributions, rates were expected to increase this year for some employees well into the double digits. However, after conferring with a selection of deans, faculty, staff and our budget office, the University has made the decision to invest an additional $1 million to offset these rising costs for this year. This action will result in the following:
In addition to this investment to combat increasing health care costs, the University will take the following actions:
I recognize this is a challenging time for many members of our community. We will continue to explore ways to expand and strengthen our benefits in the future, while providing immediate support and relief to our faculty and staff. Please stay tuned for future communications about Open Enrollment and do not hesitate to contact HR Shared Services at 315.443.4042 or hrservice@syr.edu if you have any urgent questions or concerns.
Sincerely,
Andrew R. Gordon
Senior Vice President and Chief Human Resource Officer
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