Retirement Plan Changes
May 2013Employees enrolled in a CUNY retirement plan under the new Tier 6 may have noticed a higher retirement contribution rate on their April 4, 2013 check date.
BenefitsRetirement Plan ChangesMay 2013Employees enrolled in a CUNY retirement plan under the new Tier 6 may have noticed a higher retirement contribution rate on their April 4, 2013 check date. Transportation Benefits & OptionsMay 2013With the move to the new East 42nd Street location, now is an opportune time to explore the WageWorks commuter benefits or monthly parking program, and/or change your elections. Voluntary Savings Plans – Universal Availability NoticeMay 2013Under the City University of New York’s Voluntary Savings Plans, you have an option to supplement your retirement savings by enrolling in a Tax-Deferred Annuity (TDA) Plan sponsored by CUNY. Changes in TaxesJanuary 2013You may have noticed a difference in your January 10, 2013 paycheck. This is because the temporary reduction in the Social Security payroll tax rate (4.2%) for employees for the last two years expired on December 31, 2012 New 2013 Pre-Tax Transit Limits and Impending Transit Fare HikeJanuary 2013The recently enacted American Taxpayer Act of 2012 increased the monthly pretax limit to $240. The IRS has now released an annual inflation adjustment raising both the transit and parking monthly pretax limits to $245 for 2013. Hurricane Sandy ReliefJanuary 2013Employees whose principal residence or place of employment was located in a county that has been declared a disaster area due to Sandy damage may qualify to get hardship distributions or loans under less stringent rules than normal. Fall 2012 Benefits Open Enrollment Period – UpdatesNovember 2012The 2012 Transfer Period for the Health Insurance Plans is November 1 through November 30. Update your Beneficiary InformationNovember 2012With the New Year approaching, now is an excellent time to ensure that your beneficiary designations and emergency contact information are current. July 2012 Health Plan Rate ChangesSeptember 2012The New York City Health Benefits Program recently updated the health plan rates as of 2012. 511NY Rideshare Commuter ProgramSeptember 2012Improve your commute, reduce your carbon footprint, and contribute to a more sustainable CUNY with the 511NY Rideshare Program for commuters. Work/Life Provider Fall 2012 NewsletterSeptember 2012Corporate Counseling Associates (CCA), the University’s Work/Life program provider has published its Fall 2012 Life Lines: Information for Your Life Newsletter. Overwhelmed by Workplace Stress?June 2012Stress can significantly affect physical health by producing symptoms such as headache, fatigue and upset stomach in combination with feeling irritable, angry, nervous and lack of motivation. Here are some helpful tips below for managing and reducing work-related stress. |