Benefits

Healthcare Flexible Spending Account Grace Period

February 2014

Beyond the standard December 31 deadline to submit claims for eligible medical services and expenses incurred during the calendar year, the Healthcare Flexible Spending Account (HCFSA) offers a grace period of January 1, 2014 through March 15, 2014.

Update Your Beneficiaries

February 2014

Current beneficiary designations on file are necessary to ensure that certain University benefits are paid promptly to the person(s) you wish. A beneficiary is a person or legal entity that one designates to collect the proceeds from an estate, trust, retirement account, life insurance policy, or transfer on death accounts.

Update Your Emergency Contact Information via CUNYfirst

February 2014

Current primary and secondary emergency contact information is important in case of an illness, injury, urgent situation or disaster during the workday. With a few clicks, HR can contact a reliable loved one to support you during a crisis. Tax levy employees can access their personal information in CUNYfirst via Employee Self Service at https://home.cunyfirst.cuny.edu

Health and Wellness Event October 24, 2013

October 2013

Annual Health and Wellness Fair coming October 24, 2013.

Flexible Spending Works With You

October 2013

It’s that time of year again to review more healthcare options with the Flexible Spending Account Program.

New CUNY Phased Retirement Program

July 2013

The City University of New York has recently reached an agreement with the Professional Staff Congress (PSC) to create a three-year pilot voluntary phased retirement program

Dependent Eligibility Verification Audit

July 2013

The City of New York Health Benefits Program will be conducting a Dependent Eligibility Audit of all employees and retirees who are enrolled in a health plan and with one dependent under their coverage

Retirement Plan Changes

May 2013

Employees 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 & Options

May 2013

With 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 Notice

May 2013

Under 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 Taxes

January 2013

You 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 Hike

January 2013

The 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.