11/21/2023 Flex Spend 2024 Employee Contribution Limits
MESSAGE FROM THE NYS OFFICE OF EMPLOYEE RELATIONS (OER)
OER announced that the IRS has increased the FSA limits for 2024. We are pleased to share that NYS is able to adopt the new contribution limits for 2024 as follows:
- Health Care Spending Account (HCSA): $3,200
- Dependent Care Advantage Account (DCAA): $5,000 / $2,500
- Adoption Account: $16,810
- The 2024 HCSA carryover limit will be $640, meaning employees may carryover up to $640 from 2024 into 2025.
- As a reminder, HCSA participants can carry over up to $610 from 2023 into 2024.
Employees who have already enrolled for a 2024 FSA plan have the option to change their election until the December 11, 2023 open enrollment deadline. Please call FSA Customer Service at 800-358-7202 with questions or if you need enrollment assistance.
11/09/2023 Voluntary Savings Plan 2024 Notification
All employees have the opportunity to save additional monies for retirement through Voluntary Savings Plans. This is a convenient way via payroll deduction to build your retirement savings through pre tax (Traditional) and/or post tax (Roth) contributions.
Savings options include the SUNY 403(b) Voluntary Savings Plan (via SUNY Retirement at Work online management system) and/or the NYS Deferred Compensation 457 Plan (by phone or via NYSDCP's website).
Please refer to the Voluntary Savings Plan 2024 Memo for more information.
09/11/2023 Corebridge Consultation Dates Quarter 4
Taylor Jaquays of Corebridge Financial Services will be on campus October 19, November 15 and December 12 to discuss your retirement planning needs. Taylor can assist with the benefits of enrollment in your workplace retirement plan, how to boost your overall financial wellness, the resources available to help shape your financial future and review your broader goals to put a plan in place to achieve them.
Scheduling an appointment is necessary and can be done online or by calling Corebridge at 800-448-2542.
08/23/2023 TIAA Consultation Dates Quarter 4
TIAA representative John Tenofsky is available to assist with your retirement planning during the 4th quarter of 2023. John is temporarily filling in for Mario Gonzalez while Mario is on a leave of absence.
This is a convenient opportunity to check on the status of your existing ORP and/or 403(b) voluntary savings plan (VSP) investments, or to begin a new VSP to save even more for retirement.
Click here to schedule your appointment.
08/16/2023 Fidelity Consultation Dates Quarter 4
Kenneth Woods from Fidelity will be on campus October 12, Novmber 29 and December 14 to assist with your retirement planning needs. To schedule your required appointment, go to www.fidelity.com/schedule.
2023 Summer Hours/Holidays Memo
2023 Summer Hours/Holidays Memo
Employee Referral Bonus Program
Employee Referral Bonus Program
414(h) Retirement Contribution on W-2 Form
Please click here for the 414(h) Retirement Contribution Reporting memo for 2023.
SUNY Gender-Based Violence and the Workplace Policy
Effective January 01, 2023 This policy item applies to State-Operated Campuses
11/15/2022 Weather-Related Absences
11/25/2022 Holiday Period 2022-2023
10/25/2022 UUP Discretionary Memos for 2022
07/29/2022 TIAA Retirement Planning Webinar 8/2
TIAA will host a free retirement planning webinar on Tuesday, August 2 at noon. Go online for more information and to submit the required workshop registration.
05/13/2022 Summer Hours
03/28/2022VOYA Announces New Campus Representative
01/27/2022 Mandatory Retirement Members: W-2 Info
12/13/2021 Required Annual Compliance Training
12/10/2021 Holiday Period 2021-2022
11/29/2021 NYS Deferred Compensation Representative Departure
Dan Kain, our campus representative for the NYS Deferred Compensation 457 Plan, will no longer be working for Nationwide/NYSDC effective Thursday, Dec. 2, 2021. NYSDC will be hiring a replacement in the near future.
For questions related to your Deferred Compensation account or assistance with enrollment, feel free to call the NYSDC Helpline at 800-422-8463, weekdays 8 am - 11 pm. New enrollment or changes to your existing account may also be submitted via their website.
11/22/2021 Weather Related Absences
11/16/2021 NYSHIP Enrollees to Receive New ID Cards
A new federal law effective January 1, 2022, requires the inclusion of annual out-of-pocket costs on employee health insurance benefit cards used for medical and prescription coverage. NYSHIP Empire Plan and HMO enrollees can use the benefit card effective immediately. There is no action required to activate the new card and once received, and you should properly destroy your current card.
Empire Plan enrollees will receive the card via mail from the NYS Department of Civil Service Employee Benefits Division (EBD) in the coming weeks. HMO enrollee cards will arrive by mail from your HMO provider. Your ID number will not change regardless of the NYSHIP plan you are enrolled in.
Empire enrollees may call the Department of Civil Service EBD at 800-833-4344 and HMO participants may call their HMO directly if you do not receive your updated card within the next several weeks.
11/2/2021 Flexible Spending Account 2022 Open Enrollment Period
The 2022 open enrollment period for the NYS Flexible Spending Account Plan is Tuesday, Nov. 2 through 10 pm ET Monday, Nov. 29, 2021. The plan is administered by the Governor's Office of Employee Relations (GOER), and the deadline is strictly enforced.
If you are a 2021 FSA participant and wish to continue participation for 2022, you MUST enroll by the Nov. 29 deadline. Your 2021 enrollment does NOT carry over.
Eligible employees may enroll or obtain additional plan information online at goer.ny.gov/FSA or call Health Equity at 800-358-7202. Employees may also email FSA customer service at email@example.com.
10/25/2021 2021 UUP Discretionary Increases for Faculty & Staff Memo
09/13/2021 NYS Deferred Compensation September Webinars
Dan Kain from NYS Deferred Compensation will be hosting Retirement and Enrollment webinars in September. Please use the links below to register.
Enrollment Webinars: You will learn about Deferred Compensation and how it can help you save for retirement as well as how to enroll
Tuesday, September 21, 2021 10:00 am
Tuesday, September 21, 2021 12:00 pm
Wednesday, September 29, 2021 12:00 pm
Pre-Retirement Webinars: Review of how to calculate your NYS Pension, how and when to withdraw Deferred Compensation Funds, the taxes involved with doing so and much more
Monday, September 20, 2021 12:00 pm
Thursday, September 30, 2021 10:00 am
08/18/2021 Fidelity Virtual Workshop & Fall Consultation Schedule
On August 25 at 12 pm, Fidelity invites employees to attend a free virtual workshop discussing how to Maximize Social Security in Your Retirement Strategy. Learn about strategies for claiming your social security benefit and how it fits with other income sources to create your retirement paycheck.
You may also schedule a consultation with Fidelity campus representative Ken Woods.
Click here to reserve a spot in the workshop or to schedule a retirement planning consultation with Ken.
08/16/2021 VOYA Employee Consultation Schedule Fall 2021
Brendan Dunuwila from VOYA will be on campus monthly this fall to meet in person with employees on the following dates:
- Wednesday, September 15
- Wednesday, October 13
- Wednesday, November 17
- Wednesday, December 15
This is a convenient opportunity to check on the status of your existing VOYA account, or begin a new Voluntary Savings 403(b) Plan. Brendan can answer your questions regarding planning, budgeting and meeting your savings goals, managing your investments as well as calculating contributions to meet your retirement needs.
To schedule an in-person or zoom meeting with Brendan, please use this link or call Brendan's office at 315-446-0100.
08/12/2021 AIG Employee Consultation Schedule Fall 2021
Taylor Jaquays from AIG will be on campus monthly this fall in UU room 123 to meet in person with employees on the following dates:
- Tuesday, September 7
- Wednesday, October 6
- Thursday, November 4
- Wednesday, December 8
This is a convenient opportunity to check on the status of your existing AIG account, or begin a new Voluntary Savings 403(b) Plan. Taylor can answer your questions regarding planning, budgeting and meeting your savings goals, managing your investments as well as calculating contributions to meet your retirement needs
Go online to book your in-person retirement planning appointment using registration code 6009B1N11AA if necessary.
Click here if you prefer to schedule a virtual appointment with Taylor.
You may also call AIG at 800-448-2542 to schedule an appointment.
01/27/2020 414(h) Contributions and Year-End Tax Information
Faculty, staff and students paid via the NYS payroll system who are making mandatory contributions to a public retirement system, including NYS Employees Retirement System (ERS), NYS Teachers Retirement System (TRS), and NYS Police & Fire Retirement System (PFRS), as well as the SUNY Optional Retirement System (ORP), are required to report these contributions as income in the appropriate line on their NY State personal income tax return. The dollar amount of these contributions is indicated in Block 14 of the 2020 W-2 form as 414(h). Failure to include this amount before filing your NY State tax return can result in additional tax payments and interest due. If your 2020 W-2 form does not include a 414(h) code in block 14, please disregard this reminder.
Final paychecks for the year 2020 for Faculty/Staff and GA/TA payrolls were issued on 12/23/2020, and final paychecks for Federal Work Study and Student Assistant payrolls were issued on 12/31/2020. These include final gross salary for the year 2020, and if applicable, total health insurance premiums and union dues paid in 2020. Please retain final paystubs with tax records, or access via the SUNY portal by clicking the icon “view paycheck”.
01/15/2021 NYS Deferred Comp Webinars for January 2021
Dan Kain from NYS Deferred Compensation will be holding a Deferred Compensation Enrollment webinar on Tuesday, January 26 at 12:00 pm, and also a Deferred Compensation Pre-Retirement webinar on Thursday, January 28, at 12:00 pm.
The enrollment webinar will focus on the basics of Deferred Comp for anyone interested in learning more about the plan as well as how to enroll. The retirement webinar will focus on calculating your NYS pension, how and when to withdraw your NYS Deferred Comp money and the taxes involved with doing so.
Registration is required using one of the links below:
Deferred Comp Enrollment Webinar
Tuesday, January 26, 2021 - 12:00 pm
Deferred Comp Pre Retirement Webinar
Thursday, January 28, 2021 - 12:00 pm
01/13/2021 Accessing W-2 Forms via New York State Payroll Online
01/11/2021 2020 UUP Discretionary Increases for Faculty & Staff Memo
12/1/2020 NYSHIP Option Transfer & PTCP Election Period 2021
The 2021 NYSHIP Option Transfer and Pre-Tax Contribution Program (PTCP) Election Period will run from Monday, November 30 through Thursday, December 31, 2020. Employees who wish to request a change for 2021 during the Option Transfer Period must submit a completed Health Insurance Transaction Form (PS-404) by December 31, 2020 to the Office of Human Resources.
Employees currently enrolled in the NYSHIP Opt-Out Program are NOT required to reenroll for 2021 if you wish to continue the Opt Out benefit. However, you must notify Human Resources if you are no longer eligible for the other employer-sponsored health coverage.
2021 NYSHIP Bi-Weekly Health Insurance Rates with link to PS404 Health Insurance Transaction Form:
11/24/2020 Weather Related Absences 2020
10/22/2020 Flexible Spending Account 2021 Open Enrollment Period
The 2021 open enrollment period for the Flex Spending Account (FSA) will run from Monday, Nov. 2 to 10 p.m. Monday, Nov. 30. The FSA program can assist state employees in saving money to pay for necessary health or dependent care expenses because money set aside in your accounts is not subject to federal, state and social security taxes. Once you are enrolled, your contributions will be withheld on a bi-weekly, pre-tax basis from your paychecks during the 2021 plan year.
The FSA is comprised of three important benefits for employees: the Health Care Spending Account (HCSA), the Dependent Care Advantage Account (DCAA) and the Adoption Advantage Account. Eligible employees may choose to enroll in any or all of the benefits. Keep in mind this is a use-it-or-lose it benefit. Any funds you set aside that are not accounted for by Dec. 31 each year will be forfeited.
If you are currently enrolled in the plan and wish to continue the benefit for 2021, you must re-enroll by the strictly-enforced deadline of 10 p.m. Nov. 30. Enrollment does not carry over from year to year. Beginning Nov. 2, you may enroll online at the link below or by phone at 800-358-7202.For program and enrollment details, including information to have handy when enrolling, visit the How to Enroll page on the FSA website or call 800-358-7202 .
06/04/2020 Phased Retirement and Other Voluntary Reduction in Work Schedule Programs
A reminder regarding phased retirement and work reduction options available to employees.
01/30/2020 2020 Annual Memo on Taxation of 414(h) Retirement Contributions by NY State
All faculty, staff, and student employees paid on the New York State payroll who are making mandatory contributions to a public retirement system, including NYS Employees Retirement System (ERS), NYS Teachers Retirement System (TRS), NYS Police & Fire Retirement System (PAF), as well as the SUNY Optional Retirement Program (ORP), are required to report these contributions as income in the appropriate line on their New York State personal income tax return. The dollar amount of these contributions is indicated in Block 14 of the 2019 W-2 form as 41 4(h). Failure to include this amount before filing your New York state tax return can result in additional tax payments and interest due.
Please be aware that only those faculty, staff, and student employees who are contributing to a public retirement system are impacted. If your 2019 W-2 form does not include a 414(h) code in block 14, please disregard this reminder.
For more information, please contact the NYS Dept. of Taxation and Finance at: (800) 225-5829, or visit www.tax.ny.gov.