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 May 28 2015

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 16 net paycheck (July 17 If you are bi-weekly) may change. This is due to FY2015 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, 2015. 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, 2015 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, 2015, 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 7/1/15 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 6 2015

Beware of E-Mail Scams Regarding the Nationwide Anthem Breach

Scam email campaigns are occurring today regarding credit monitoring related to the Anthem cyberattack. Please see the announcement from Anthem for more details. Members should call the Anthem hotline at 1-877-263-7995 with questions about this incident. A special website at www.anthemfacts.com will be updated with new information as it is received.

 

 

 

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 7 2014

Supreme Court Decision: Same Sex Marriage in Virginia

The Supreme Court has effectively overturned Virginia’s ban on gay marriage (Governor McAuliffe’s Statement on the decision). The Department of Human Resource Management (DHRM) and the Virginia Retirement System (VRS) are hard at work making the relevant policy changes to such things as health care, flexible reimbursement benefits, family and medical leave, retirement, etc.

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 benefits@gmu.edu.

Posted September 29 2014

Financial Well-Being Resources

We are delighted to announce expanded offerings in the area of financial and retirement preparedness. Partnering with our retirement providers, TIAA-CREF, Fidelity, ICMA-RC and VRS as well as financial providers such as Apple Federal Credit Union and others with expertise to share, we have lined up a comprehensive opportunity for faculty and staff to delve into those personal financial areas where they could use a hand. Everything from budgeting and saving to investing, annuities, retirement, home buying, college savings and more. There are in-person sessions, as well as online sessions. Join us live or watch a session at your convenience, when and where it works for you. In person sessions will be videoconferenced to Arlington and Prince William.

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 January 16 2014

New Recordkeeper for the 457 Deferred Compensation Plan

On January 1, 2014, VRS changed recordkeepers for the 457 Deferred Compensation Plan from ING to ICMA-RC. While the fund options did not change, the process for enrolling and making changes has changed. VRS is now requiring employees to call ICMA-RC directly at 877.327.5261 or go online to make changes to their 457 plans.

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 benefits@gmu.edu or 703.993.2600 with any questions.
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.