Human Resources and Payroll

 

SPOTLIGHT ON MASON

  

 

March 19-April 30, 2015

Announcements

Posted February 23, 2015

Spring Telework Week at Mason: March 9-13, 2015

If you have ever contemplated teleworking or wondered how your office may benefit from it, now’s the time to try it out! From March 9-13 Mason will be celebrating its very own Telework Week and there is an abbreviated telework agreement just for this special week. Questions about telework? Check out our FAQs at flexwork.gmu.edu.

Please note that employees who participate in Telework Week are doing so under the terms of the Flexible Work Policy, #2202. Signing the abbreviated Telework Week agreement binds the employee/supervisor to the terms and conditions of the complete telework agreement.

If you have additional questions, feel free to email worklife@gmu.edu or check out flexwork.gmu.edu.

Posted February 4, 2015

Action Needed: Please Check Your Address in Banner on 2/16

In an effort to improve the accuracy of address data, a new software component called Clean Address is being added to all Mason administrative systems, including PatriotWeb. This new feature will be activated on Monday, February 16th to fix and format US addresses to postal code standards which includes your address(es) listed within PatriotWeb.

Do I need to do anything? Yes, as of Monday, February 16th, we ask that you please verify your address in PatriotWeb to ensure accuracy. In most cases, changes that Clean Address makes are cosmetic: capitalization, use of standard abbreviations, and consistent spacing. But in the rare case that your address is incorrect, you should make corrections. While entering or updating an address in PatriotWeb, you will receive feedback on whether it meets USPS rules for delivery. If for some reason your address is not USPS-compliant, but you are certain it is accurate, you will be allowed to save it regardless of the warnings you receive.

If you have any questions, please contact the ITU Support Center at 703-993-8870 or support@gmu.edu.

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 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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