Human Resources and Payroll

 

SPOTLIGHT ON MASON

 

 

Posted December 12, 2014

Winter Break Timesheet Guidance

Winter Break will be here before we know it! With that in mind, the friendly folks in Payroll have developed information to ensure you complete your timesheet correctly. Visit Winter Break Timesheet Guidance for details.

If you have any questions, please contact our Payroll team:
Goli Ahmadijah at 3.5499 or gahmadij@gmu.edu
Drew Southers at 3.2629 or asouther@gmu.edu
Catalina Wheat at 3.2751 or cwheat@gmu.edu

Posted December 12, 2014

End-of-Year Newsletter Available

The End-of-Year Newsletter went out today and features information about your benefits and pay as well as policy reminders, resources, and some fun things too. 

There are also some potential action items for you including updating your personal information (if needed), checking your beneficiaries, reviewing your savings plans and retirement plans no matter your age, and more. Please take a few minutes and take a look. 

Best wishes for the season and a joyous 2015 to all!



Posted November 19, 2014

Retirement Tax Savings Limits for 2015

The IRS announced cost-of-living adjustments (COLAs) affecting the dollar limits for pension plans and other retirement-related items for the 2015 tax year. Participants under age 50 can contribute up to $18,000 in the Supplemental Retirement Plan (403(b)) program and the Virginia Deferred Compensation Plan (DCP) (457) (an increase of $500 from 2014). Participants age 50 and over can contribute $24,000 in each plan (an increase of $1,000 from 2014). If you wish to change your 403(b) contribution, please complete a 403(b) salary reduction agreement and return to Benefits at MS 3C3.  If you wish to change your 457 contribution, please call ICMA-RC at 1-VRS-DC-PLAN1 (1-877-327-5261), or log into your account at http://www.varetirement.org/dcp.html .

 

Posted October 16, 2014

Do You Have Your Financial Fitness Wrapped Up?

Join HR & Payroll, our financial partners, and others with expertise to share as we explore many different aspects of financial well-being including saving, investing, budgeting, retirement, individual planning, and more. Visit Financial Well-Being resources to register for on-site and videoconferenced classes. There are also on-line webinars and classes to watch at your convenience as well as tools and calculators to help you plan ahead.  The financial well-being seminar series will run throughout 2014-15.

Build your financial knowledge on-campus or at a time convenient to you. Take that first step today!

Posted August 20, 2014

Do You Know Someone Who Stands Out from the Crowd?

Mason’s best and brightest deserve recognition.  If you know a superstar, nominate them for Mason’s Employee of the Month.

Additional information can be found at http://hr.gmu.edu/awards/eotm.php. Contact HR Reward and Recognition at awards@gmu.edu with questions.

Posted January 16, 2014

Additional Leave Hours

Just before winter break, the Governor granted an additional 4 hours of holiday leave for Tuesday, December 31, 2013.  Because Mason was already closed for winter break, the 4 hours have been added to eligible employee’s leave balances as a special flex holiday.  The hours can be used through December 24, 2014.

Posted December 12, 2013

2014 Tax Implications for Employee Graduate Tuition Waiver

Per the Internal Revenue Service (IRS), beginning with calendar year 2014, employees who currently utilize a tuition waiver for graduate study will have amounts in excess of $5,250 reported as taxable earnings. This means that your tax withholding will increase in the pay period in which the excess amount is reported. We expect to report amounts in excess of $5,250 as taxable income in October 2014. Anything less than or equal to $5,250 is not reportable.

Tuition waivers for employees in undergraduate programs are not impacted by this change.

Additional information is available in IRS Publication 970, Chapter 11.

If you have any questions, please contact Mira Halilovic at 703.993.2625 or mhalilov@gmu.edu.

 

 

 

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