Uprise Health’s February Newsletter provides information on American Heart Month, essential facts to know for heart health, mindful approaches to cope with stress and much more. Read the newsletter by clicking here.
Submitted by: Dawn Rotterman, Benefits/HRIS Manager, Human Resources
Buffalo Rehab Group is offering free virtual wellness classes once a month followed by a Q&A with local wellness professionals.
View the flyer (above) for more information on dates and times, as well as how to register.
Submitted by: Dawn Rotterman, Benefits/HRIS Manager, Human Resources
Wondering about your heart health and ways to have a healthier heart? Then consider reading the Live Well, Work Well newsletter from Lawley and then take the heart disease risk quiz.
Submitted by: Dawn Rotterman, Benefits/HRIS Manager, Human Resources
The IRS has announced the new maximum contribution limits for 2024 for 403(b) plans. The annual maximum contribution limit for those under age 50 will increase to $23,000. Employees who are over age 50 (or will turn 50 in 2024) may contribute an additional $7,500 increasing the annual maximum contribution limit to $30,500 for 2024. Please note that these limits apply only to the Employee contributions.
Changes in contributions must be made online. Follow the steps above for directions on how to make changes online to your account. Changes may be made at anytime during the year and changes can be future dated as well.
TIAA will notify Human Resources of any change requests and Human Resources will update the contribution amount.
If you have any questions, please contact Human Resources at Extension 2240.
Submitted by: Dawn Rotterman, Benefits/HRIS Manager, Human Resources
Get one step closer to loan forgiveness
If you missed the deadline for the Department of Education’s (ED) Limited Waiver, you’ll have one more chance to get PSLF credit under the rules of the Limited Waiver.
Borrowers can apply for a one-time credit adjustment that temporarily waives many of the traditional rules for Public Service Loan Forgiveness. To qualify for the one-time credit adjustment, you’ll need to consolidate your
loans by the end of 2023. Adjustments will automatically be made by your loan servicer in 2024. You don’t want to miss out on this opportunity!
Here are some key things that you should know:
● Payments typically considered as “non-qualifying” can now be credited towards PSLF.
● Qualifying/eligible employment and having Direct Loans (or obtaining Direct Loans through
consolidation) is still required.
● Certain periods of forbearance and deferment will also be credited towards PSLF.
● If you have previously received forgiveness through the Teacher Loan Forgiveness program, you
cannot count those years of employment towards your PSLF credit.
● Any consolidations must be completed by the end of 2023.
● If you do not receive full forgiveness under the one-time credit adjustment, and have not yet
applied for PSLF, you must repay loans on an Income-Driven Repayment (IDR) plan
and meet the traditional PSLF requirements for qualifying repayment and employment.
As an employee of Canisius University you and your family members have access to a financial wellness benefit, brought to you by TIAA and provided by Savi, that helps you navigate the
complexities of the Public Student Loan Forgiveness (PSLF) program.
Savi provides a free assessment to help you find the best repayment plans to reduce your monthly payments and search more than 150 state and federal forgiveness programs based on your financial
situation.
For $60 per year, you can upgrade to the Essential service to let Savi administer all the program’s paperwork, E-filing, employment certifications and ongoing monitoring to put you on track and
create a path to loan forgiveness. You’ll also receive customized support from Savi’s team of experts.
To learn more about preparing for the one-time credit adjustment and PSLF, visit www.TIAA.org/canisius/student to register for a free webinar hosted by the student loan experts at Savi.
Submitted by: Dawn Rotterman, Benefits/HRIS Manager, Human Resources
