Human Resources and Payroll - George Mason University

Announcements

Posted December 9, 2019

Member Benefit Profiles

If you are enrolled in a retirement plan with VRS (Plan 1, Plan 2 and Hybrid), your 2019 Member Benefit Profiles (MBP) are now available on your myVRS account. UnderMy History menu, select Annual Statements.

The MBP is your annual benefit statement based on information reported by Mason to VRS as of June 30. It provides information on your account balance, retirement eligibility, and eligibility for other benefits, such as group life insurance and the health insurance credit.

Use your MBPs and myVRS retirement planning tools to help you stay on track with your retirement goals.

Questions? Contact the Benefits team at benefits@gmu.edu.

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Posted December 9, 2019

Retirement Plan Contribution Limit

The IRS announced adjustments affecting retirement plan contribution limits for the 2020 tax year.

Participants under age 50 can contribute up to $19,500 (a $500 increase from 2019) to their Supplemental 403(b) Retirement Plan and to their Virginia Deferred Compensation Plan DCP-457.

Participants age 50 and over can contribute $26,000 (a $1,000 increase from 2019) to their Supplemental 403(b) Retirement Plan and to their Virginia Deferred Compensation Plan DCP-457.

How to Increase Contributions:

403(b):

Complete a salary reduction agreement

Return to the Benefits team by emailing it to benefits@gmu.edu, faxing it to 703-993-2601, or dropping it off at the HR & Payroll office in Merten Hall 4100

457:

Contact ICMA-RC at 1-877-327-5261 or click to log into your account

Please contact benefits@gmu.edu if you have any questions.

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Posted November 11, 2019

Compensatory Leave Reminder

Have you earned compensatory leave? Make sure you are aware of the compensatory leave limits and expirations:

Employees are limited to 96 hours of accrued compensatory leave

Per State Policy 3.10, accrued compensatory leave expires one year from the pay period in which the hours are accrued, regardless of the 96-hour limit

Compensatory leave may not be used once hours expire or lapse and cannot be paid out upon an employee's change of status

You can review your leave balance by visiting Patriot Web. If you have questions, please emailpayroll@gmu.edu.

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Posted November 11, 2019

Inclement Weather Resources

Winter weather is fast approaching! Utilize the resources below to prepare.

Staying Updated

Stay updated on university closings, late openings, or other weather-related changes to the university's schedule through Mason's switchboard at 703-993-1000, Mason Alert, the university's homepage, as well as local media outlets.

Telework and Inclement Weather

Having telework agreements and technology in place in advance can come in handy if Mason experiences an extended weather event or other emergency. Teleworkers (if it is their scheduled telework day) and remote workers continue to work even if:

Classes are canceled and administrative offices are closed

The university is on a modified schedule

Employees working from home during a university closing are expected to continue working unless it is not possible due to power outages or other conditions that prevent them from working. For more details, visit flexwork.gmu.edu.

Inclement Weather/Emergency Guidance

With winter fast approaching, please review the Inclement Weather/Emergency Closing Policy.

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