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Supervisor Group UpdateSeptember 27, 2011Alumni Room
Agenda Employee Handbook
Life Event Form
Personnel Action Form (PAF)
Retirement/Resignation LDOW
Electronic Timekeeping
Human Resources Council (HRC) Retirement/FICA Changes Veteran’s Preference Honor Guard HDHP Health Plan
Employee Handbook Replaces the
Employee Information Book
Currently found: Employee Services Page
Life Event Form Purpose is for Life Changing Events
Information on Employee Services Page
Personnel Action Form Purpose is for any Personnel Actions
Retirement/Resignation (LDOW)
Last day of Work (LDOW) Last date the employee actually performs
work
Policy Rewrite to occur this AY
Electronic Timekeeping
Salaried
Hourly (Staff)
Hourly (Students
)
Electronic Timekeeping Timeline
Approved
Electronic Timekeeping
Hourly (Staff)
Hourly (Students
)
Salaried
Exception Time Sick Time Vacation Time Etc.
Manager Self Services Absence Management (2013)
Electronic Timekeeping
Hourly (Staff)
Hourly (Students
)
Salaried
Tracking Time Decentralized? Home Grown? Kronos?
One-Card System
Retirement/FICA Changes NDPERS/TIAA-CREF Meeting
October 12th – Skoal Room
Veteran’s Preference Absolute Preference Number Interviewed
Honor Guard 24 working hours of leave Strongly encouraged
HDHP Health Plan All Employees
October 20th Meeting – Vangstad Auditorium
Human Resources Council (HRC)
January 1, 2012 Payroll Changes Impacting Employee Take Home Pay
SOCIAL SECURITY The one-year payroll tax holiday created under The Tax Relief, Unemployment Insurance
Reauthorization, and Job Creation Act of 2010 expires on December 31, 2011.
As an employee in calendar year 2011 your payroll tax contributions were reduced:
From: 6.2% To: 4.2%
Beginning January 1, 2012, employee contributions for Social Security will once again be 6.2%.
Note: On September 8, 2011 the American Jobs Act of 2011 was proposed by President Obama. If passed, the employee Social Security tax rate will be reduced to 3.1% for calendar year 2012.
RETIREMENT The 2011 North Dakota Legislative Assembly passed legislation and provided funding to increase
retirement plan contributions for all state employees by: o 2% on January 1, 2012, and 2% on January 1, 2013. o Of the annual 2% increase, 1% to be paid by the employee and 1% paid by the employer.
NDPERS 2011 2012 2013
Employer 9.26% 10.26% 11.26% Employee 0.00% 1.00% 2.00%
TIAA-CREF 2011 2012 2013 Years of Service 0-2 2-10 10+ 0-2 2-10 10+ 0-2 2-10 10+ Employer 4.50% 9.50% 10.00% 5.50% 10.50% 11.00% 6.50% 11.50% 12.00% Employee 0.50% 1.50% 2.00% 1.50% 2.50% 3.00% 2.50% 3.50% 4.00%
Both PERS and TIAA-CREF plan participants benefit from this change.
Employee contributions will be deducted on a pre-tax basis, reducing the employee’s federal and state taxable gross income and income tax withholding.
There was no sunset clause (ending period) in this legislation, so pending additional legislation it is anticipated these retirement increases will be ongoing.
SUMMARY Beginning January 1, 2012 a total of 3% of employee take home pay will be redirected to Social Security (2%) and retirement (1% employee contribution). Beginning January 1, 2013 an additional 1% of employee take-home pay will be redirected to retirement (1% employee contribution).
Employer retirement contributions will also increase by 1% in calendar year 2012 and another 1% in 2013. Both the employee and employer retirement contributions will be set aside on the employee’s behalf for retirement purposes.
Lessened by 2% for wages up to $106,800
Questions and Future Topics