by Dawn Rotterman | Dec 10, 2024 | Staff
The IRS has announced the new limits for 2025 employee retirement contributions.
For employees who are below age 50, the maximum contribution is increasing from $23,000 to $23,500. Employees who are over age 50 have the opportunity to contribute more based on the list below:
- Age 50-59: an additional $7,500 for a total of $31,000
- Age 60-63: an additional $11,250 for a total of $34,750
- Age 64 or older: an additional $7,500 for a total of $31,000
To be eligible to contribute the additional amounts listed, the employee must turn age 50 or age 63 during the 2025 calendar year. These limits apply to the employee contribution only.
Any changes to contribution amounts must be made online and may be made at anytime during the year by following the attached information.
Submitted by: Dawn Rotterman, Benefits and HRIS Manager, Human Resources
by Dawn Rotterman | Dec 6, 2024 | Staff
Every employer in New York state is required to provide employees with sexual harassment prevention training on an annual basis. Canisius University is committed to maintaining a workplace free from sexual harassment and is partnering with Puzzle HR to provide this training. The training must be completed by Jan. 31, 2025.
You will soon receive an email from Puzzle HR requesting that you complete mandatory harassment training. This training is designed to enhance awareness and ensure that all employees understand our policies and expectations regarding workplace behavior.
Please keep an eye out for the email and take the time to complete the training “How to Combat Sexual Harassment in the Workplace” as soon as possible. The training should take approximately 30 minutes, and it is an important step in ensuring that we maintain a positive and inclusive work environment for everyone.
If you have any questions or experience any issues with the training, please don’t hesitate to reach out to Human Resources by emailing the HR mailbox at hr@canisius.edu.
Thank you for your attention to this important matter and for your ongoing commitment to upholding our values.
Submitted by: Dawn Rotterman, Benefits and HRIS Manager, Human Resources
by Dawn Rotterman | Sep 11, 2024 | Staff
TIAA Financial Consultant Ed Haspett will be on campus for one-on-one sessions on Tuesday, September 17 in the Student Center Conference Room. To schedule an appointment, go to www.TIAA.org/schedulenow .
Submitted by: Dawn Rotterman, Benefits & HRIS Manager, Human Resources
by Dawn Rotterman | Sep 4, 2024 | Staff
Faculty and staff have the ability to view current contribution levels and make changes as well. All changes must be completed online and changes can be made at any time during the year. Please see the attached document for instructions on how to make a change online.
Submitted by: Dawn Rotterman, Benefits & HRIS Manager, Human Resources
by Dawn Rotterman | Jul 24, 2024 | Staff
Canisius University faculty and staff now have a Roth contribution option for their 403(b) deferrals. The Roth contribution option allows contributions to be made after taxes have been taken out. The advantage is that those contributions and any earnings on those contributions may be withdrawn from the retirement plan tax free.
To learn more information about Roth accounts and contributions click on the document below or go to www.TIAA.org/roth .
Click here to learn how to make changes online to your TIAA contributions.
Submitted by: Dawn Rotterman, Benefits & HRIS Manager, Human Resources
