MidMichigan Health

This nonprofit health system provides medical benefits to its retirees

from: AARP, September 2011

Benefits/Financial: Full- and part-time employees are offered a 403(b) plan with employer match, and those working 23 or more hours per week are eligible for a cash-balance or other hybrid plan. All new hires and all employees are automatically enrolled in the 403(b) plan, employees may choose to invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement, and employees age 50 and over are able to make catch-up contributions to their plan.

Staff members and staff from the financial services firm that administers the retirement plan provide financial information and training to employees.

Paid time off and short- and long-term leaves of absence without pay are offered to allow for caregiving.

Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs, and stress management training.

MidMichigan offers referral services to assist with child care, care for grandchildren, and elder care to its employees.

Benefits/Alternative Work Arrangements: Employees working 22 or more hours per week can participate in flextime, compressed work schedules, job sharing and telecommuting. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.

Opportunities for Retirees: MidMichigan has 652 retirees and an individual directly responsible for retiree relations. The hospital stays connected with its retirees by communicating regularly, inviting retirees to organization events, providing retirees with ongoing access to retirement planning workshops and information, and formally acknowledging retirees when they retire. Retirees are offered work opportunities including temporary work assignments, consulting or contract work, part-time work, and volunteering.

Age of Workforce: Thirty-one percent of MidMichigan employees are age 50+. The average tenure of employees age 50+ is 15 years.

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