January 8, 2013 | CUNY Matters, The University
Time To Update Beneficiary Information
A new year prompts reflection with family and loved ones, CUNY Human Resources reminds employees to ensure that beneficiary designations and emergency contact information are current.
If you have experienced any family status change since your start date at CUNY, such as marriage, birth of child, adoption of child, divorce or death, contact Human Resources at your campus as well as your retirement plan to request beneficiary forms. Remember, that in order for benefits to be paid promptly and according to specific wishes, up-to-date beneficiary designation forms are essential.
Updated emergency contact information is also important in case of an illness, injury, urgent situation or disaster. To access your information, log-on to your CUNYfirst Self Service account by clicking the following link: https://home.cunyfirst.cuny.edu and verify that your emergency contact information is current. Updating is fast and easy!
Work/Life Program Is Here to Help
For those CUNY employees emotionally impacted by Hurricane Sandy or the recent school shooting in Connecticut, the CUNY Work/Life Program administered by Corporate Counseling Associates (CCA) can help. CCA is a free and confidential service that the University provides to its employees. CCA counselors are available around the clock to assist you and your loved ones by calling (800) 833-8707.
In addition, there are many informational resources that employees can access online such as: “Coping With Trauma: How Families Can Be Supportive,” “Managing Traumatic Stress: Tips for Recovering From Disasters and Other Traumatic Events,” and “Tips for Talking to Children and Youth After Traumatic Events.”
To access this and other information, including educational webinars, go to www.myccaonline.com and enter company code “CUNY.”
Start Thinking About a Tax-Deferred Annuity
Though it may seem early to be thinking about tax season, now is the time to submit your annual deduction changes for Tax-Deferred Annuity Plans. The IRS tax deferred annuity limits for the 2013 calendar year vary according to age.
For those under age 50, the maximum Annuity Plan Limit is $17,500. For those age 50 and older, the maximum is $23,000.
Contact your Human Resources or your plan representative directly to complete the 2013 Salary Reduction Agreement forms.