Tag Archives: Human Resources

IRS ANNOUNCES 2018 PLAN CONTRIBUTION AND BENEFIT LIMITS

 On October 19, 2017, the Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items beginning January 1, 2018. See the chart below for further details.

The highlights of limitations that changed from 2017 to 2018 include the following:

  • The 401(a) annual compensation limit applicable to retirement plans increased from $270,000 to $275,000.
  • The elective deferral limit increased from $18,000 to $18,500 and age 50 catch-up limit remains unchanged at $6,000.
  • The 415(c) contribution limit applicable to defined contribution retirement plans increased from $54,000 to $55,000.
2018 2017
RETIREMENT PLANS
Annual Compensation Limits For Retirement Program Purposes 275,000 270,000
Elective Deferrals 403(b) – (for under age 50) 18,500 18,000
Catch-up Contributions For 403(b) Plan Participants age 50 and over 6,000 6,000
457(b) Elective Deferrals 18,500 18,000
457(b) Catch Up Contribution (Subject To Age And Other Restrictions) 18,500 18,000
Defined Contribution Limits On Maximum Combined Employee/Employer Contributions To Defined Contributions Plans 55,000 54,000
OTHER
Social Security Taxable Wage Base 128,700 127,200
Medicare Wage Base No Limit No Limit

All figures in US dollars.

Source: www.irs.gov,

Midd/MIIS Travelers

The following employees have reported upcoming travel between Midd and MIIS:

From Midd to MIIS From MIIS to Midd
Mike Roy, Dean of the Library

Oct 17-18

Shirley Coly, Office of Advancement

Oct 18-20

Joseph Antonioli, Library

October 21-27

Beryl Levinger, GSIPM_DPP

Oct 25-28; Nov 13-17

Pam Berenbaum, Sociology/Anthropology

Oct 22-25

Jeffrey Dayton-Johnson, Vice President for Academic Affairs and Dean of the Institute

Oct 19-20

ICC retreat group

•             Heike Fahrenberg – SA- Germany

•             Sanae Eda – SA – Japan

•             Kerstin Wilsch – SA – Jordan

•             Roman Graf – College- German

•             Catharine Wright – College – Writing Program

•             Sahie Kang – Director, Korean LS

•             Per Urlaub – LS Assoc Dean

•             Adela Langrock – Assessment & IR
Oct 19-23

Kent Glenzer, GSIPM

Oct 19-20

Sarah Stroup, Political Science
Oct 23-27
Leah Gowron, Alumni Relations

Oct 26-30

Pam Berenbaum, Sociology/Anthropology

Oct 22-25

Melissa Sorenson, Digital Learning Commons

November

Sheila Cameron, Office of the Provost

Oct 30-Nov 3

Bill McKibben, Environmental Studies
Oct 31-Nov 4
Sue Halpern, English & American Literatures
Oct 31-Nov 4

E4 Health October Service Flyer- Breast Cancer Awareness

DID YOU KNOW?

  • Breast cancer is the most commonly diagnosed cancer in women – one in eight women in the United States will be diagnosed with breast cancer in her lifetime.
  • One woman will die of breast cancer every 13 minutes – it’s the second leading cause of cancer death among women.
  • Although breast cancer in men is rare, an estimated 2,600 men will be diagnosed with breast cancer and approximately 440 will die each year.
  • While these statistics are frightening, it’s important to keep in mind that over 2.8 million breast cancer survivors are alive in the United States today – and one of the goals of Breast Cancer Awareness month is to see this number rise.

Knowledge is power, and there are steps you can take to protect yourself and your loved ones. Early detection is the best protection. Millions of women are surviving the disease thanks in part to regular screenings and improvements in the quality and number of treatment options.

Whether you or a loved one has been impacted personally or you’re seeking information. E4 Health can help. Call or log on to access a wide array of supportive services including:

  • Referrals to local doctors and specialists, community resources, and support groups
  • 24/7 telephonic access to counselors and face-to-face counseling referrals
  • Support coping with both the emotional and physical side effects of treatment
  • Guidance for best supporting loved ones with cancer
  • Strategies to facilitate communication and joint decision making among couples and families
  • Free consultations pertaining to legal and financial issues
  • Identification of charitable organizations and financial assistance programs
  • Research on government, community-based, and private resources
  • Hundreds of articles, tip sheets, and online resources

e4health administers the College’s EFAP program.  To access their comprehensive web site, with many tools and articles, go to the e4health web site.
Username:  middlebury college
Password:    guest
Or call them at: 800-828-6025
(phones are answered 24 hours a day, 7 days a week)

Midd/MIIS Travelers

The following employees have reported upcoming travel between Midd and MIIS:

From Midd to MIIS From MIIS to Midd
Amy Collier, Office of the Provost

Oct 9-10

Jason Warburg & Eva Gudbergsdottir, Communications and Marketing

Sept. 25-27

Dana Yeaton, Theatre

Oct 9-10

Beryl Levinger, GSIPM_DPP

Oct 25-28; Nov 13-17

Mike Roy, Dean of the Library

Oct 17-18

Jeffrey Dayton-Johnson, Vice President for Academic Affairs and Dean of the Institute

Oct 19-20

Pam Berenbaum, Sociology/Anthropology

Oct 22-25

Kent Glenzer, GSIPM

Oct 19-20

ICC retreat group

•             Heike Fahrenberg – SA- Germany

•             Sanae Eda – SA – Japan

•             Kerstin Wilsch – SA – Jordan

•             Roman Graf – College- German

•             Catharine Wright – College – Writing Program

•             Sahie Kang – Director, Korean LS

•             Per Urlaub – LS Assoc Dean

•             Adela Langrock – Assessment & IR
Oct 19-23

Leah Gowron, Alumni Relations

Oct 26-30

Sarah Stroup, Political Science
Oct 23-27
Melissa Sorenson, Digital Learning Commons

November

Pam Berenbaum, Sociology/Anthropology

Oct 22-25

Bill McKibben, Environmental Studies
Oct 31-Nov 4
Sue Halpern, English & American Literatures
Oct 31-Nov 4

Flexible Spending Account Seminars – Save the Date!

There will be open information sessions in late October for employees to learn more about Flexible Spending Accounts.  The presentations will be available via WebEx.  Please find the dates, times and virtual log-on instructions below. For those in Vermont who would prefer to participate in-person, location details will be provided in the next MiddPoints.

 

Monday, October 23: 2:00 PM – 3:00 PM EDT
Information Session. Benefits eligible employees unfamiliar with the flexible spending plans may attend this session to learn about health and dependent care flexible spending accounts.

WebEx: Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/580093021
You can also dial in using your phone.
United States: +1 (872) 240-3212, Access Code: 580-093-021


Tuesday, October 24
: 3:00 PM – 4:00 PM EDT
Workshop, for existing enrollees.  Learn how to log on, navigate, and submit claims via the portal or the mobile app.

WebEx: Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/877105533
You can also dial in using your phone.
United States: +1 (786) 535-3211, Access Code: 877-105-533

 

If you have questions about your 2017 Flexible Spending Accounts, feel free to reach out to customer service at MyCafeteriaPlan at (937) 865-6500 or toll free at (800) 865-6543.  You may also contact Nancy Lindberg or Franklin Daniel in Human Resources at 802-443-3372.

For more information about Middlebury’s flexible spending benefits, please visit http://www.middlebury.edu/offices/business/hr/staffandfaculty/benefits/flex

 

 

 

 

Retiring Soon?

If you are considering whether (or when) to move on to the post-work phase of your life it is very likely that you have many questions. For example, you may be wondering:

  • What will happen with my retirement account when I retire? Can someone explain the options I will have for retirement plan distributions? Could I get an estimate of how much income I might expect to receive from my retirement account, post-retirement? How long after retirement will I have to wait before I begin receiving my retirement benefits?
  • Will I be able to remain on Middlebury’s medical/dental/vision plans post-retirement? Will I be able to cover my dependents? How much will it cost? Are there other health coverage options I should consider?
  • Do I have to apply for Medicare A? Medicare B? Medicare D? If so, when?
  • How far in advance of retirement should I contact the Social Security Administration?
  • What will happen with my CTO and SLR balances when I retire? Can I use my accumulated CTO balance to extend my retirement date past the date I will actually stop working?
  • I still have a child in college; if I retire will he still be eligible for the dependent tuition benefit?
  • How much notice should I give my manager? What is the process to formally initiate a retirement?
  • Could phased retirement or a transitional retirement plan be right for me? What is involved in pursuing such an option?
  • Would I be eligible to work at Middlebury part-time after I retire? Would doing so have any implications for my ability to draw funds from my retirement plan?
  • Will I still be eligible for Middlebury’s recreational discounts such as Snowbowl, Rikert and the golf course? Are there other perks that come with retirement?
  • Work has been a huge part of my life for decades and I’m concerned about the social and emotional aspects of retiring. Are resources available to help me?

My name is Franklin Daniel and I am Middlebury’s Retirement and Benefits Specialist. Whether you have definite plans to retire in the near future or are just starting to consider the possibility of retiring down-the-road I would welcome the opportunity to meet with you (and your spouse/partner, if you so choose). We can discuss the topics above as well as any other retirement questions/concerns you may have, and I can help connect you with other resources who will be able to assist you with your pre-retirement planning. If the time is right for you to begin gathering information about retiring from Middlebury please make an appointment by calling me at extension 5755 or emailing me at fdaniel@middlebury.edu. I look forward to meeting you!

October EFAP News: Avoiding overindulgence

 

Feel Your Best this Season

As the weather gets colder and days grow shorter, it can be even more tempting to turn to food for entertainment or comfort. Once the holiday season begins, there are many opportunities for overindulging. The following tips can help you to navigate potential pitfalls and feel your best: 

Distinguish physical hunger from emotional hunger. Is your stomach growling? Or do you want to eat because you’re surrounded by food? Or are you anxious, lonely, bored, or upset? Tune in and notice what’s going on. Then decide whether you need to eat or if there’s something other than food that would be more helpful. 

Plan ahead. If you know there won’t be anything you’ll feel good about eating at that holiday party, have a substantial snack before you go or bring something that you would feel comfortable eating. 

Practice good self-care. It’s easy to get off schedule with sleeping, exercising, and taking time for ourselves during the holidays. But all of these things will help us to feel more grounded and make healthier choices. 

Never leave home without a healthy snack. Snacks like nuts, seeds, dried fruit, kale chips, and roasted edamame travel well. Keeping some in your car, bag, and desk drawer will make it much easier to opt for a healthy choice. 

Hydrate.Thirst can actually mask itself as hunger. During the colder months, we often forget to drink as much. Add some fruit to your water if you want to “perk it up.” Make sure you’re drinking plenty of water, and try to avoid sugary beverages as well as too many alcoholic or caffeinated drinks. 

Attend the webinar. This month be sure to register and attend the webinar, “Eating Through Celebration.” Before temptation gets to you, let this training  help empower you to keep your food choices from sabotaging your health goals. A full description and registration information is listed in the sidebar to the right. If you’re unable to attend at any of the times, log on to the website at a later time to view the archived presentation. 

Free Monthly Webinar:

Eating Through Celebration

Wednesday, October 18th

12-1 P.M.and  3-4 P.M.EST

 

9 -10 A.M. and 12-1 P.M.PST

The holidays are a time when many people find themselves eating to excess. Learn ways to avoid overeating at celebrations and explore substitutions for different foods and drinks to help keep your health goals intact during this busy season.

REGISTER TODAY! Space is limited.

  • Click on the time you would like to attend from the selections listed above.
  • Or click on “UPCOMING WEBINARS” from the homepage of the website and follow the easy instructions.

Unable to make it to the scheduled webinars? 

We have them archived for your convenience. Log onto the website and click on E4 University at the bottom of the home page, then click on Webinars to search by webinar title.

e4health administers the College’s EFAP program.  To access their comprehensive web site, with many tools and articles, go to the e4health web site.
Username:  middlebury college
Password:    guest
Or call them at: 800-828-6025
(phones are answered 24 hours a day, 7 days a week)