SPOTLIGHT ON MASON
Posted June 30, 2015
Non-Exempt Employees Can Choose Leave or Pay for Their Overtime Hours
If as a non-exempt employee, you made an election in the past and do not want to change your election, you do not have to do anything. If you want to continue to receive pay for any overtime earned, you also do not have to complete a form. However, if you would like to change your election from receiving pay to receiving leave or receiving leave to receiving pay, please complete an Overtime Leave Agreement Form and submit it to the Payroll Department no later than Friday, September 4.
Unfortunately this deadline is firm and we cannot accept forms after that date.
Please remember that an election commits you to your choice for one year until the next open enrollment period. This means that if you elect leave accumulation you will receive leave and not pay for any overtime worked during the next academic year.
Please contact Catalina Wheat at 3.2751 if you have any questions.
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 firstname.lastname@example.org.
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