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Birth of a Dependent Child
The birth of a child is an event that has powerful long-term effects on your
entire family. Your child will be under your direct care for almost two
decades. The planning and care begin long before your child is born,
as soon as you know you are expecting. Immediately after your child
is born, you will be very busy with day-by-day adjustments. Soon you should consider long range concerns for the future, including savings and college financing. Parents with more than one child also have to face decisions dealing with optimizing the use of family resources to provide for your aging, changing and growing family. At this time,
your benefit plans become increasingly vital to your family's well being.
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 Forms:
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 Additional Information:
Health & Welfare SPD:
Pension SPD:
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 External Related
Links:
(These are listed for your convenience. The sites and the contents
of the sites are not sponsored or endorsed by your benefit plans.
Use them at your own risk.)
- Parent Soup - -A comprehensive reference site providing links to articles and other
websites concerning issues of interest to parents. It offers a broad range of
information; everything from online help on being a parent, single, traditional, or otherwise.
The advice covers the entire age range for children.
- abcparenting.com - -Articles and web resources of general interest to parents of children of all ages.
Deals with topics such as education, health/medical, safety, motherhood &
fatherhood, support, etc.
- family.go.com - Information on food, pets, travel, babies and pregnancy, activities in which parents
can participate with their children, and more.
- kidsmoney.org - Site set up to show parents ways they can teach their children the value
of money. Presents ideas on how children can earn money. Best of all, the
site is available in several languages.
- College Board - -As a national nonprofit association it serves to connect students and
their families with colleges. Features information on financial aid
services, admission & enrollment, placement & advising, and testing (SAT &
ACT).
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| Benefit Plan Checklist
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You must complete a new Enrollment and Beneficiary Designation within 31 days of the birth. You must also include a copy of the birth certificate.
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You will want to review your designation of beneficiary for the life insurance under the Health & Welfare Trust. If you are unmarried, you will also want to review the designation of beneficiary for the Pension Plan.
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If you have selected Kaiser for your coverage, you need to submit a change form within 31 days of the birth, even though your child was born at Kaiser. If you do not submit the form on a timely basis your newborn will not be covered under Kaiser until the next open enrollment. |
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If you think you might be taking Family/Maternity/Paternity Leave you should review the Eligibility Rules in the Health & Welfare SPD and Section 3 - Definitions of the Pension SPD to see how your benefits may be affected.
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 Planning Notes:
Financial planners recommend that when you have a child you should update a number of personal plans and documents. Here is a checklist of some items which you may need to update, revise, or consider:
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