Tag Archives | Benefits

The University System of Maryland (USM) has recently announced that Fidelity Investments 403(b) Tax Deferred Annuity Plan has finally been approved and will be offered as part of the existing Tax Deferred Supplemental Retirement (SRA) Program. In order to participate in this plan, interested employees will have to complete and submit to the TU OHR […]

During the month of November there will be a special enrollment period for all eligible faculty and staff members who have not previously enrolled in the UnumProvident Group Life Insurance plan offered through the University System of Maryland. During this time, eligible faculty and staff members will be able to enroll in the new USM […]

All contingent staff and part-time faculty members who are currently enrolled and paying for group insurance benefits with the State of MD on a direct pay basis are reminded that those benefits are active only through the end of their current contract period as printed on their coupons. Direct pay employees who want to continue […]

Towson University?s Bursar’s Office is now accepting tuition remission requests for Towson?s spring 2006 semester. To facilitate prompt, accurate billings, forms should be received no later than February 7, 2006. At Towson, 1:1 courses such as advanced studio and private lessons, as well as self-support programs such as computer certification courses, College of Education closed […]

Based on MD State law, faculty and staff members who have unmarried children on their MD State group insurance coverages are reminded that their children are eligible for coverage only: a) until the end of the calendar year in which they turn 19 years old, regardless of student status; or b) as long as they […]

Every year changes affect the personal status of faculty and staff members who are enrolled in any of the MD state benefits plans. Marriages, births, adoptions, divorces, deaths, graduations and/or loss of full-time student status for dependent children and loss of coverage from another source are all examples of qualifying events that give employees the […]

How to use your gift card to make your Faculty/Staff Giving Campaign Contribution To make a contribution to the Faculty/Staff Giving Campaign, please follow the simple steps outlined below using the gift card. If you have not yet received your gift card, please contact the Development Office at x43375. Steps to follow: 1. Print or […]

We understand that the state?s error in processing direct deposits in a timely manner may have adversely affected some of you. Because our employees are important to us, we have devised the following procedure to help address hardships you might experience as a result of the state?s error such as bank or vendor fees. Procedures […]

Yesterday the Towson University Payroll Office notified the campus community of an error in direct deposits for all State of Maryland contractual employees. Later that afternoon the State Treasurer?s office was successful in transferring the payroll files to the State?s bank, M&T. Currently, paychecks for the majority of contractual employees should be direct deposited and […]

All regular faculty and staff members who contributed to Flexible Spending Accounts (FSAs) for health care or day care during the first six months of this calendar year (January – June 2005) have until Saturday, Oct. 15 to submit their requests for reimbursement for eligible expenses incurred during that period. Requests for reimbursement should be […]

It has been brought to the Office of Human Resources’ attention that the contact information on the SRA one-on-one advising schedule for TIAA-CREF that was part of the new SRA summary packets recently distributed to all faculty and staff members was incorrect. Please note that the accurate extension to use to schedule an advising session […]

Changes to the IRS Code in 2002 made Supplemental Retirement/Tax Deferred Investment plans (SRAs) more attractive than ever before. All faculty and staff members, both regular and contingent/part-time, are eligible to participate in SRAs which are offered by the Maryland State Supplemental Retirement Agency and the University System of Maryland (USM). The State plans are […]

All regular faculty and staff employees are reminded that since payroll deductions for all Maryland State insurance and USM UNUM Group Life Insurance coverage are only taken 24 times each calendar year, there will be no deductions from the September 7 paycheck. Deductions for Supplemental Retirement plans and UNUM Long Term Disability coverage are however […]

Don?t miss out on your opportunity to take advantage of pre-tax payroll deduction to pay for your parking permit. Payroll deduction registration will not be available after 4pm on August 19, 2005. Applications that are received after this time and indicate the use of payroll deduction cannot be processed and will be returned. Payroll deduction […]

All faculty and staff members and retirees who are enrolled in the State of Maryland?s Prescription Drug plan with CaremarkPCS are reminded that there have been some major changes to that plan effective as of July 1, 2005. Some of the changes include: * An increase in co-payments to $5 for generic drugs, $15 for […]

The June period has closed in the ProCard system and your VISA transactions have been posted to your budget in the FRS system. Your June VISA transactions can now only be viewed under the History function and no further changes to subcodes or accounts (Reallocation) can be made to them. View the transactions on FRS […]

The 2005 legislature passed SB 584, which included funds in the 2006 fiscal year budget to provide members of the State Employees Modified Pension System a dollar-for-dollar match for up to $400 of their contributions to any of the eligible plans in the Tax Deferred Supplemental Retirement (SRA) Program available at Towson University. To be […]