Human Resources and Payroll

Benefits

 

Benefits

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.

University Hall, 4th floor, 4441 George Mason Boulevard.

 

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Posted November 1 2016

IRS Limits for 2017

The IRS announced cost-of-living adjustments (COLAs) affecting the dollar limits for pension plans and other retirement-related items for the 2017 tax year. There is no change from 2016. 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). Participants age 50 and over can contribute $24,000 in each plan. 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 27 2016

UNUM Long Term Disability Open Enrollment Starts November 1

If you are a non-VSDP employee who is not yet participating in UNUM or a current participant who wants to change the amount of your coverage, open enrollment runs November 1 - 30. Long-term disability insurance is designed to protect your income should you become medically unable to work. To obtain a customized enrollment form based on your age and salary, call HR & Payroll at 993-2600 and ask for a Benefits Administrator or email benefits@gmu.edu.

Posted October 7 2016

Exciting Pilot Opportunity: Helping Faculty/Staff Manage Student Loan Debt

HR & Payroll is excited to be partnering with one of our retirement vendors, Fidelity Investments, on a pilot project to help our faculty and staff manage their student loan debt. There are potentially two opportunities for faculty and staff to participate in the pilot project:

1. As a qualified public-service employer, Mason’s salaried faculty and staff who work 30 or more hours per week* may be eligible to participate in the Public Service Loan Forgiveness (PSLF) program. Representatives from Fidelity will be on campus on November 1 from 12-1pm to present on the PSLF. The session will be videoconferenced to Arlington and SciTech. If a faculty or staff member (or one of their family members) has federal student debt, they may find this session informative. Faculty and staff may register for the session at http://hr.gmu.edu/learning/hr.php.

10/26/16 - NEW!  Due to the popularity of the Public Service Loan Forgiveness (PSLF) seminar, a second session has been added.  Fidelity representatives will be presenting on the PSLF again on Wednesday, November 2 from 12-1 (Fairfax only).  Please register at http://hr.gmu.edu/learning/hr.php.

(*Salaried means benefited employees. That said, the federal PSLF program has a very specific definition of employee eligibility. There could be limited cases for other types of Mason employees to be eligible. Eligibility is defined by the PSLF program on its Employment Certification Form.)

2. Additionally, beginning October 10 and running through November 14, Fidelity is also piloting a new Student Debt Tool website for ALL faculty and staff. This beta site is being made available to a limited number of organizations; Mason is one of only two public universities participating in the pilot. The Mason specific-site, located at http://go.Fidelity.com/GMU, is designed to assist faculty and staff understand their current loans, explore federal and private repayment options, and take action to optimize student loan repayment. Additional information on the beta Student Debt Tool can be found on the Fidelity Flyer.

Those who test out the Student Debt Tool will be able to provide online feedback regarding the site and, if they prefer, be interviewed personally by Fidelity representatives.

Important Notes:
• This is a voluntary program for all faculty and staff to participate in this pilot project to gain insights into managing student debt; there are no sales involved and faculty and staff will not be contacted by Fidelity regarding any of their other products.
• Faculty and staff do not have to be a Fidelity member to participate in either opportunity.

If you have any questions, please contact the Benefits Team at benefits@gmu.edu.

Posted May 26 2016

The New Fiscal Year is Coming: Your First Check May Have Some Changes

1. Open Enrollment Changes: Health Insurance, Flexible Spending Accounts. Please note that your July 15 net paycheck may change. This is due to FY2016 increases in health insurance premiums including any open enrollment changes you made regarding health plan and flexible spending accounts.

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, 2016. 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 current plan year, you have until September 30, 2016 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 and submit the expenses by September 30, 2016, you will forfeit the remaining funds. Expenses charged on your card July 1 or later go toward the new benefit year.

If you have any questions regarding deduction changes effective on 7/1/16 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 February 10 2016

The Affordable Care Act (ACA) and Taxes

The Department of Human Resource Management (DHRM) has sent out guidance on the Form 1095C which provides information regarding health coverage for faculty/staff and their dependents as required by the ACA. DHRM will be sending out Form 1095C to faculty and staff in the state health plan beginning on March 1. You do not need the form to file your taxes. For additional information, please visit Form 1095C Information. If you have any questions, please contact the Benefits Team at benefits@gmu.edu.
Can't find something you remember seeing in this space? Check out our recent Benefits announcements

Kaiser News Release

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.