SPOTLIGHT ON MASON
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?
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.
Posted December 12, 2013
2014 Tax Implications for Employee Graduate Tuition Waiver
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 email@example.com.
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