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In early 2017, employees will again receive an IRS form to assist with their income tax returns—1095-C: Employer Provided Insurance Offer and Coverage. Normally, this IRS information statement, which reports health coverage information from the preceding calendar year, is furnished by Jan. 31. However, for the 2016 forms, the IRS announced that employers have until […]
State-sponsored plans There will be rate changes to state plans effective 1/1/2017. Health insurance employee contribution amounts are unchanged for full-time employees. Health Insurance plan costs are increasing for part-time employees due to the increase in UF’s employer contribution and employee cost sharing based on FTE. Supplemental plans will have small rate increases. Note: Premium […]
TIAA-CREF now offers a Roth investment option under the UF 403(b) Voluntary Savings Plan. Consider adding to your retirement savings by participating in one, or both plan types with tax-deferred dollars as well as after-tax Roth contributions. Tax-Deferred vs. After-Tax Roth Retirement Contributions With the Tax-Deferred option your contributions to the plan are tax deductible, […]
Employees enrolled in the State of Florida’s optional life plan who also received a recent pay increase, may expect to receive underpayment letters from People First, the state’s plan administrator, if they have not already received one. The state’s optional life plan is based on salary, and any changes will affect the premium and coverage […]
Several updates and enhancements have been made to the online version of the New Employee Guide, published annually by Human Resource Services. For the latest information, please refer to pages 8-26 of the New Employee GuideNew Employee Guide.
The University has calculated new proposed pooled fringe rates and has submitted them to the U.S. Department of Health and Human Services. Although we do not expect any objection, these proposed rates are subject to their approval and as such should be used with that understanding in your planning for fiscal year 2014-15. The rates, […]