HR News
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Mandatory Health Assessment Completion of 2013 Wellness Points
This is a reminder that to be able to earn wellness incentive program points for 2013, you will need to have completed your health assessment in 2013. You will also find the instructions below under HR/Benefits Enrollment/Wellness Initiative.
SJC/CIGNA Wellness Incentive Web Pages
- Log on to myCIGNA.com
- Look for the link in the scrolling section on the maine page labeled Take My Health Assessment
- The my health & wellness center page is displayed
- Click the link labeled Take Again in the right column
- Begin by completing the My Health Assessment for yourself.
- Have your spouse complete the My Health Assessment too.
Revised HR Handbooks/Policy Page
We have updated the HR Handbooks webpage to now include revised Policies. Click here to visit the page.
New Guidelines for 2013 Individual Retirement Contributions
As you may already know, the guidance for income levels and individual contributions to retirement plans such as the one we have at Saint Joseph's College are indexed and increased periodically.
Effective for the tax year beginning January 1, 2013, individuals may contribute up to $17,500 in pretax contributions per year to their qualified 403(b) retirement account. Individuals 50 years of age and above may contribute an additional $5,500 in pre-tax funds for a total of $23,000 per year.
Many financial planners suggest that contributing to your retirement account at work is a good way to save for retirement because your contributions go in before taxes and grow tax-free. You may want to check with your financial planner to see if you should take advantage of this opportunity.
Heidi Jacques in the Human Resources Office has the Salary Reduction Agreements that must be completed in order to take advantage of this retirement savings opportunity. If you want to start contributing or change your contributions please stop by the office and Heidi or any one of us will be glad to assist you. You may also find the Salary Reduction form on our website under Forms.
Employee Tuition Remission Revision
Effective January 1, 2012 the employee tuition benefit will change from 3 courses per academic year to 4.
Undergraduate Benefit
Employees requesting the benefit must be academically qualified and may attend classes at Saint Joseph's College on a space available basis during non-working hours (or during working hours with written approval of their supervisor). A limit of one classroom based course per semester or a combination of Graduate and Professional Studies and 4-year College courses that add to four courses per academic year may be taken under these circumstances. The charge for tuition is waived, but the employee is responsible for any book charges or incidental fees. Continued participation in this plan requires that the employee remain current with all fees and charges other than tuition.
Graduate Benefit
Employees requesting the benefit must be academically qualified and may attend classes at Saint Joseph's College on a space available basis. A limit of four Graduate and Professional Studies courses per academic year may be taken under these circumstances. The charge for tuition is waived, but the employee is responsible for any book charges or incidental fees. Continued participation in this plan requires that the employee remain current with all fees and charges other than tuition. Graduate tuition is a taxable benefit subject to Federal, State, Social Security, and Medicare taxes. The tuition amount will be added to your gross earnings the pay period prior to the beginning of the course in accordance with IRS Code. Federal, State, Social Security and Medicare taxes will be withheld on the tuition benefit amount.
Benefit Features
Retirement Planning and Investing
Human Resources in partnership with our retirement vendors would like to provide you with retirement planning and investing information during these volatile times.
We recommend you peruse the websites of both our pension vendors for valuable information and investing options.
If you would like to have a discussion about your retirement portfolio, please contact TIAA-CREF at (888)842-7782 or Stephen Barnes of VALIC at (207)892-6064. Their representatives will be happy to help you.
