Benefit Deadlines Approaching

Posted December 12th, 2013 at 1:55 pm.

The following email was sent to faculty and staff by Assistant Director of Human Resources Martin Mastascusa on Thursday, Dec. 5.

There are several benefit submission and processing deadlines that will occur before the end of the semester:

Dependent Tuition Payments

In order to ensure that payment occurs in December, spring tuition bills must be received in Human Resources by noon on Monday, Dec. 16th.  The documentation that you submit needs to at least indicate the name of the school, the name of the student, the tuition charge and where the payment should be mailed.   Please note that online bill screen prints often exclude this information.  Also, I often receive bills that are several weeks old and are already close to being due.  Since the bill is now often sent online to your child, it is important that he or she knows to send a copy to you immediately upon receipt, as the payment window for the spring semester is not very wide. 

Flexible Spending Account

The 2014 open enrollment period ends on Friday, Dec. 13th.  Eligible employees can enroll through the following site:

http://www.brynmawr.edu/humanresources/OpenEnrollment/OpenEnrollment.html

A number of people who thought they enrolled during last year’s Open Enrollment did not actually enroll and only realized the problem when there was no deduction taken in the January pay.  If you have enrolled, you should receive a confirmation statement from Human Resources within five working days.  If you believe that you enrolled and do not receive a statement within that time frame, please let me know. 

TransitChek/RideEco

As has happened several times in the past, the TransitChek maximum expires and reverts to a lower level unless Congress approves an extension of the higher level by the end of the year.  The 2014 maximum is currently scheduled to drop to $130 per month. Unless Congress approves an extension of the higher level by Dec. 13th, please be advised that anyone who is currently participating in TransitChek with an election that is higher than $130 per month will be switched to $130 starting in January.  If Congress approves an extension after Dec. 13th, elections will revert back to the old level starting in February.

January TransitCheks will be be distributed starting on Dec. 17 instead of Dec. 20.  If you intend to pick up TransitCheks before January, you should pick them up by 5:00 PM on Monday, Dec. 23rd, the last day that the College is open before Winter Break.

Retirement Plan Salary Reduction

The deadline for changing this reduction in January is also Dec. 23.  The salary reduction agreement and 2014 salary reduction maximums can be accessed through the following site:

http://www.brynmawr.edu/humanresources/SalaryReductionsLimits.html

The maximums did not change between 2013 and 2014, so if you are already at the monthly maximum, you do not need to complete a new agreement.  The exception would be for someone born in 1964, who can use the higher age 50 maximum starting next year.

A few people contacted me who incorrectly assumed that the salary reduction maximum includes the College contribution.  It does not; the salary reduction maximum is solely based on employee contributions.  There is also no eligibility threshold; any non-student employee can elect to make contributions to the retirement plan through salary reduction.

Please call or send me an e-mail if you have any questions.

Filed under: Announcements,For Faculty,For Staff Tags: , by Diana Campeggio

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