Announcements and Updates
IRS Announces Retirement Plan Contributions for 2018
The IRS announces the limits on retirement contributions:
-403(b) and 457(b) limit increases to $18,500 from $18,000
-Over age 50 catch up contribution remains $6,000
-401(a) compensation limit increases to $275,000 from $270,000
Supplemental Retirement Accounts (SRA)about increasing your retirement contributions through 403(b) and 457(b) Supplemental Retirement Accounts
ITS suggests employees worried about Equifax breach consider identity fraud protection through InfoArmor
Information Technology Services recommends that WVU employees concerned about the Equifax data breach consider enrolling in InfoArmor, a voluntary insurance benefit that the University offers to benefit-eligible employees for identity-theft protection. PrivacyArmor costs $7.95 per person/month or $13.95 per family/month, with direct billing options. This service cannot be set up for automatic deductions by Payroll, but faculty and staff may enroll online at any time. You do not need to wait for the next open enrollment period. P rivacyArmor includes free credit monitoring, monthly credit score, an annual credit report and a service to make replacing the contents of a lost wallet quick and easy.
TIAA On-Campus Individual Counseling SessionsOne Waterfront Place schedule for October, November, and December.
Effective June 22, 2017 the West Virginia State Legislature has eliminated funding for the State Employee Sick Leave Fund. The fund was created by W. Va. Code §5-5-6 in 2009 and provided eligible employees an option to receive payment for their unused sick leave. Effective with the elimination of the sick leave fund due to recent state budget cuts, requests for payment of unused sick leave are no longer being accepted or approved by the State Department of Administration.
Annual 403(b) Universal Availability Notice
West Virginia University (the "University") is a participating employer of the West Virginia Higher Education Policy Commission and West Virginia Council for Community and Technical College Education 403(b) Tax Deferred Retirement Savings Plan (the "Plan"). All employees of the University, including employees not eligible for benefits, can voluntarily elect to defer a portion of their wages to the Plan for retirement savings.
Please see the Annual 403(b) Universal Availability Notice website for additional information.