HR Update; March 13, 2009
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In this Edition
- Effective Dates of New Tax Provisions
- Academic Senate Position Paper: “Market Turmoil and the UCRP Lump Sum Cashout”
- Free Tax Preparation for Eligible Employees
- UC Retirement Readiness Education Programs
Effective Dates of New Tax Provisions
The American Recovery and Reinvestment Act of 2009 that was signed into law by President Obama on February 17, 2009 includes an increase to the maximum monthly election limit for pretax transportation benefits from $120.00 to $230.00 (same as parking). This increase is available for new enrollments and existing participants beginning March 1, 2009.
Please print and complete the enrollment action form found at the UCSF Pre-Tax Transit Incentive site if you wish to increase your monthly deduction amount and submit to Transportation Services (Fax:476-0499 or mail to Campus Box 0299).
If your current participation is above $120, your prior post tax dollars will automatically convert to the new pretax maximum up to $230.
All changes to occur will be effective April 1, 2009 and will continue through December 31, 2010.
Please contact Transportation Services for any additional questions at 476-1511.
Academic Senate Position Paper: “Market Turmoil and the UCRP Lump Sum Cashout”
The UC Faculty Welfare Committee has issued a position paper about Market Turmoil and the UCRP Lump Sum Cashout. For other reports and recommendations by the Academic Senate, please visit their website.
Free Tax Preparation for Eligible Employees
SF Works, a program of the San Francisco Chamber of Commerce, is offering to help employees with annual household incomes of $45,000 or less get free tax preparation help from IRS-certified tax preparers. Visit http://www.earnitkeepitsaveit.org to find a site near you.
UC Retirement Readiness Education Programs
Are you ready for retirement? Start to plan now-it’s never too early.
Please pass this on to your colleagues, circulate invitations, post the actual scheduled workshops happening near your location, or otherwise re-broadcast these weekly reminders about our valuable (FREE) education programs for faculty and staff. Bring your lunch; your questions; your spouse/partner.
- UC Retirement Plan (UCRP)-UC’s Defined Benefit Plan
- “The Features of UCRP”
- March 18, Parnassus, S - 214, 12:00 p.m. - 1:00 p.m.
- Refer to these schedules for details and future workshops
- The Future of UCRP
- UC Retirement Savings Plans-the 403(b), 457(b) and DC Plans
- “Enrolling in Your UC Retirement Savings Program”
- Coming soon again
- “Determining Your Right Investment Strategy”
- Coming soon again
- “Achieving a Sound Retirement”
- March 18, Parnassus, N – 217, 9 a.m. – 10 a.m.
- “Accessing Your Account on Fidelity’s NetBenefits Website”
- Coming Again Soon
- Refer to these schedules for details and future workshops
- What? Can’t wait for the next scheduled workshop?
- Arrange to have these workshops at a meeting in your department
- Click here for more details
- Focus on Your Future!
Usually there can be at least one (or more) workshop(s) per week scheduled at various UCSF locations around town. For more details and listings for upcoming scheduled presentations, please refer to our Workshops and Presentations Schedules menus found at our local UCSF HR/Benefits website.
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