Legislation passed earlier this week by the US Congress will affect taxes deducted from paychecks beginning this month. It’s important to know how these tax changes will affect your pay. Paychecks issued on Tuesday, January 8, to employees paid biweekly will reflect the changes, and employees paid monthly will notice the changes in paychecks issued on January 31. Read on for a summary of the changes passed by Congress.
For Your Benefit News
The deadline for enrolling in UT’s improved flexible spending account program with a debit card for eligible expenses has been extended through 11:59 p.m. CST on Saturday, November 10. The flexible spending account allows employees to set aside pre-tax dollars to pay for eligible medical and dependent care expenses such as co-pays, daycare, prescriptions and prescribed over-the-counter medications.
Improvements have been made to UT’s Flexible Benefit program. Open enrollment for the program began October 1 and will run through November 1. Faculty and staff can find out more by attending information sessions set for 9:00 a.m. and 10:00 a.m., Friday, October 12, in the University Center Shiloh Room.
A new benefit has been added and another will be improved as employees consider additions and changes to their insurance and related benefits. New perks include a vision coverage plan and an improved flexible spending program with a debit card for eligible expenses. Open enrollment for faculty and staff who wish to elect and/or change their insurance and other benefits began October 1 and ends November 1.
The annual enrollment period for the state of Tennessee’s health, dental, vision, basic and term life, long-term care, long-term disability, and optional special accident programs begins today. All changes must be made online by November 1. During open enrollment, employees have the opportunity to change, enroll in, or cancel coverage options for calendar year 2013.
UT employees interested in advancing their skills in customer service are invited to complete the Employee and Organizational Development Customer Service Certification. The prerequisite course, Customer Service 101, will be offered on Tuesday, July 17, and Thursday, October 25. The courses are free.
The newest issue of Employee and Organizational Development’s employee course catalog “Training Pages” is now available online with course listings for July through December. Registration is now open for many classes. Employees interested in a variety of supervisory, management, and personal development classes can take advantage of this service by viewing the catalog online.
Human Resources and the Benefits and Retirement offices are hosting a two-day Life Planning Seminar on April 11 and 12. Topics will include retiree health insurance, deferred compensation, financial planning, and more. Employees can pick which sessions they attend. All sessions are free, though pre-registration is required.
Do you take advantage of UT’s Flexible Benefits? Employees interested in joining the plan or participating for another year should sign up during this year’s open enrollment period, which ends November 30. The flexible benefits plan allows employees to pay certain predictable medical and dependent care expenses, such as co-pays, with pre-tax dollars.
By now you should have received all the information you need to make decisions for you and your family about UT’s health, dental, and flexible benefit plans for next year. The annual enrollment transfer period for UT’s health insurance program is October 1 through November 1. Open enrollment for UT’s Flexible Benefits Plan is open until November 30.