Team registration is now open for the HuskyPAW Amazing Challenge, which will be held on Saturday, August 2, 2014 at 9:00 a.m.
The Retirement Supplemental Voluntary Program (RSVP) is a voluntary retirement program offered to eligible Michigan Tech employees. While employees are not constrained to retire at any particular age, arrangements for retirement are a natural part of an employee’s personal and professional planning. This program provides information and, in some cases, incentives, that should make retirement planning easier.
The window period for which an employee may sign their RSVP election is between July 1 and October 31, 2014. Employees electing the monetary Retirement Option must retire on or before June 30, 2015. Prior to electing RSVP, employees must meet with the Benefits Office for a confidential meeting to verify eligibility. The RSVP policy can be found online at http://www.mtu.edu/hr/benefits/retirement/.
The RSVP cap on the monetary benefit is adjusted periodically based on the percentage increase in the contribution and benefit base amount established by the Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI) program. The cap was increased on May 21, 2014 to $68,905.
Questions can be directed to Benefit Services at 487-2517 or email@example.com.
To reduce the University’s exposure to data and security risk, when an employee leaves the University or transfers to a new department it is necessary to terminate connections established between the employee and vacated position. A Termination Checklist has been created to prompt departments in the revocation of data and facility access. The Termination Checklist needs to be completed for all regular and temporary employees and uploaded with the termination EPAF. The checklist can be used as a guide for student positions.
Departmental timekeepers will also begin to receive a bi-weekly report of employees in their area who have no reported hours in the last 30 days. The report should be reviewed to determine if they should remain on payroll because they will be working in the very near future. If the employee is not expected to return in the near future, a termination EPAF should be submitted.
April was Financial Literacy month, and Benefits Services teamed up with TIAA-CREF to bring a financial challenge to Michigan Tech Employees called “What’s your Financial IQ?” Each day, five new questions were added to the challenge and each time played, employees were entered for a chance to win one of three iPads. Departments were able to view a leader board to compete against each other. Here are the results of the challenge:
The School of Technology had the most correct answers, followed closely by the School of Business and Economics.