Welcome to the Benefits homepage! Please refer to the links on the left side or the tabs above to discover more about all of the benefits provided to employees at George Mason University.
If you have any questions, would like more specific information about employee benefits, or would like to schedule an appointment to discuss your benefits in greater detail, please call (703) 993-2600 and ask to speak to a member of our Benefits Team.
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Posted November 19 2014
Retirement Tax Saving 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 29 2014
UNUM Long Term Disability Open Enrollment Starts November 1
Posted October 7 2014
Supreme Court Decision: Same Sex Marriage in Virginia
If you participate in the Mason medical insurance options you should have received an e-mail with instructions on how to add a newly eligible spouse to your plans during this open enrollment period. Further guidance is expected soon from DHRM and VRS.
In the meantime, if you have any questions regarding benefits for newly eligible spouses, please contact the Benefits Team by calling the HR & Payroll Customer Service Center at 3.2600 and asking for the Benefits Team or emailing us directly at email@example.com.
Posted September 29 2014
Financial Well-Being Resources
To keep things fun, TIAA-CREF is holding a 30-day challenge at Mason to see what we all know about financial planning. What’s Your Financial IQ? starts on October 1 and runs throughout the month of October. Every day, 5 new questions are added and every time you play, you are entered for a chance to win a $25 Amex gift card.
In addition to sessions, webinars, and a challenge, there are also a host of tools on the site. We’re hoping you will think of the site as a gateway to rounding out your personal financial knowledge. There are more classes in the works, so please check back.
To register for these classes, please visit http://hr.gmu.edu/learning/hr.php.
Don’t forget to line up your individual session with representatives from TIAA-CREF, Fidelity or ICMA-RC. They are all on campus throughout the year. For dates and times, and to schedule an appointment visit Individual Counseling Sessions.
SAVE THE DATE - The all-day retirement planning seminar, Next Steps: Plan for Your Retirement, will be held on Friday, November 7. Registration details coming soon.
Posted May 23 2014
The New Fiscal Year is Coming: Your First Check May Have Some Changes
2. Flexible Spending Account Reminder: A reminder for those who have a dependent care or a medical Flexible Spending Account (FSA). The plan year ends on June 30, 2014. You must incur your eligible expenses by June 30th in order to be reimbursed by Anthem. While your eligible expenses must be incurred by the end of the plan year, you have until September 30, 2014 to submit the expenses for reimbursement. Please note that if you do not use all of the funds in your FSA by the end of the plan year, you will forfeit the remaining funds.
If you have any questions regarding deduction changes effective on 7/1/14 or FSAs, please contact the HR & Payroll Customer Service Center at 3.2600 and ask to speak to a member of the Benefits Team.
Posted January 16 2014
New Recordkeeper for the 457 Deferred Compensation Plan
Any change made in one month will be effective on the 1st day of the following month (e.g. a change made in January will go into effect on February 1 and will show on the February 16th pay check). Please note that any time employees wish to change, stop or start deductions, they will need to call ICMA-RC prior to the month in which the change goes into effect.
Please contact Benefits at firstname.lastname@example.org or 703.993.2600 with any questions.
Posted December 11 2013
VRS Hybrid Plan Information Session Available Online
In-person sessions have also been scheduled. For dates, times, and locations, please visit http://hr.gmu.edu/learning and click on the "Course Calendar" tab. The next in-person session is scheduled for Thursday, January 9 to be held in Fairfax and videoconferenced to Arlington and Prince William.
Posted December 5 2013
VRS Changes Record Keepers for the Commonwealth of Virginia 457 Defined Compensation Plan
In January 2014, VRS will change record keepers from ING to ICMA-RC for the Commonwealth of Virginia 457 Deferred Compensation Plan. For current faculty and staff who have supplemental 457 accounts, your investment options will not change, only the vendor who manages the account. During the blackout period from December 31, 2013 to on or around January 10, 2014, participants may review their accounts by going online or by calling ING at 1-VRS-DC-PLAN1 (1-877-327-5261). However, they will not be able to conduct transactions such as fund transfers or withdrawals. Funds will remain invested throughout the period and the review-only function on the website will reflect daily changes in the market value of each account.
No action is needed during this record-keeping transition. The changeover will be handled electronically. Participating employees will not need to re-enroll or make any changes to their accounts, and their investment options will remain the same. They will receive a closing statement from ING at the end of January showing the amount transitioned to ICMA-RC and a zero ending balance for their ING account.
After the transition is complete, participants will need to create a user ID and password to access their account with ICMA-RC through the VRS website (select the Defined Contributions tab and Account Log-in).
Find out more about the transition to ICMA-RC, including key dates, on the transition website for VRS members. If you have any questions please contact benefits at email@example.com or 703-993-7756.
Posted December 5 2013
VRS Hybrid Plan and Changes to the 457 Record Keeper
• all new classified staff who are hired January 1, 2014 and after as they will be automatically enrolled in the Hybrid Plan;
• all new faculty hired January 1, 2014 and after as they will choose between the Optional Retirement Plan (ORP) and the Hybrid Plan;
• all current VRS members, as they will have the option to change to the Hybrid Plan during an opt-in period from January 1 – April 30, 2014.
At the same time, the record keeper for 457 accounts (both supplemental accounts and the defined contribution portion of the Hybrid Plan) will be changing as of January 1, 2014 from ING to ICMA-RC. For current faculty and staff who have supplemental 457 accounts, your investment options will not change, only the vendor who manages the account.
HR & Payroll is holding information sessions on the new Hybrid plan and the move to ICMA-RC. For details, please visit http://hr.gmu.edu/learning. We plan to have a video version of the session online shortly.
You can also learn more about the plan directly from VRS. If you have any questions, please call 3.2600 and ask for the Benefits Team or email them directly at firstname.lastname@example.org
Posted November 13 2013
Do-Right Credit For Flu Shots Received Outside of the State Health Benefits Program
During the current plan year, COVA HealthAware (Aetna) participants can receive additional contributions to their health reimbursement arrangement (HRA) by completing certain “do-rights,” one of which is having a flu vaccine. If you received the flu vaccine using your COVA HealthAware (Aetna) benefit, it will automatically credit the additional HRA contribution. If, however, you received it through another resource where you did not use your insurance, you can still qualify for the credit, but need to complete the COVA HealthAware "Do Right" Flu Shot Form. Please send the completed form to the Department of Human Resource Management (DHRM) at the address on the form.
Posted October 31 2013
Member Benefit Profiles Available at VRS
Annual Member Benefit Profiles (MBP) for faculty and staff who are enrolled in the Virginia Retirement System (VRS) are now available by logging into your account at www.varetire.org. MBPs provide information about your retirement and other benefits you have as a member of VRS. Questions? Please email email@example.com or call 703-993-2600 and ask for a member of the Benefits team.
Human Resources and Payroll Benefits Disclaimer
Disclaimer: The Commonwealth of Virginia and George Mason University reserve the right to terminate, suspend, withdraw, amend or modify the benefits plan in whole or in part at any time. Further, The Commonwealth and the University reserve the right to terminate or modify coverage for any group of employees, active or retired and their dependents or a class of dependents at any time.