Total Compensation and Wellness News
TIAA-CREF and Fidelity Investments Ranked High Among the Best Mutual Fund Families
Barrons, a business and financial weekly magazine, recently rated TIAA-CREF(ranked #9) and Fidelity Investments(ranked #15) among the "Best Mutual Fund Families". Click here for the rankings list: http://www.hr.wayne.edu/tcw/pdfs/barrons2008.pdf
FTC Warning About "Free" Annual Credit Reports
Important information from the Federal Trade Commission: annualcreditreport.com is the ONLY authorized online source for you to get a free credit report under federal law. Some other sites claim to offer "free" credit reports, but may charge you for another product if you accept a "free" report.
Savings Fitness: A Guide to Your Money and Your Financial Future
A very good generic introduction to financial planning from the U.S. Department of Labor.
IRS Announces Pension Plan Limitations and Inflation Adjustments for 2008
IRS Announces Pension Plan Limitations for 2008
The Internal Revenue Service has announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2008...
2008 Inflation Adjustments Widen Tax Brackets
For 2008, personal exemptions and standard deductions will rise, tax brackets will widen and workers will be able to save more for retirement, thanks to inflation adjustments announced by the Internal Revenue Service...
Social Security Changes Earnings Maximum for 2008
The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $102,000 from $97,500. Of the estimated 164 million workers who will pay Social Security taxes in 2008, nearly 12 million will pay higher taxes as a result of the increase in the taxable maximum.
Financial Education Webinars
Hartford Life Insurance Company
The Hartford Life Insurance Company, our group life and long-term disability carrrier, offers the following benefits as part of our plan. Click the link for more information on these and other benefits: http://hr.wayne.edu/tcw/pdfs/hartford_ltdlife_enhancements.pdf
| EstateGuidance – A will is perhaps one of the most important legal documents that you should have. It ensures that you will control who gets your property, who will be the guardian of your children and who will manage your estate when you die. EstateGuidance is a new employee benefit that offers you the ease and simplicity of online will preparation. Your will can be completed online and then downloaded or mailed to you. You’ll also receive instructions on how to execute your will and store it. EstateGuidance is offered at no charge to you and your family members. For more information on EstateGuidance, simply go to http://www.estateguidance.com. To access this website, you will need to enter the Company Name which is Wayne State and the Company ID which is HFD101. |
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| Worldwide Travel Assistance Program – No matter how well you plan, traveling is always full of surprises. The Worldwide Travel Assistance Program offers peace of mind when traveling for business or pleasure. Help is available anytime, anywhere and is provided at no cost to you. You can rely on a staff of multilingual assistance professionals to help you with any medical, legal, or financial difficulties that may interfere with your trip: Emergency Medical Assistance, Pre-trip Assistance and Financial, Legal and Communication Assistance are all features available through the WSU plan. For more information on the Worldwide Travel Assistance Program, please call (800) 243-6108. |  |
Keeping Your Benefit Records Up-to-date
If you are recently divorced, please note that former spouses are not eligible for continued coverage on your medical and dental plans beyond the last day of the month in which the divorce/separation date occurs. You should complete and return a Medical Plan Termination Form (pdf) to the Total Compensation and Wellness department within 30 days of the date of divorce. The formerly covered ex-spouse and other dependents whose coverage ends because of the divorce are eligible for COBRA continuation coverage.
Click here for additional information on "What to do When You Get a Divorce"
Forms:
Medical Plan Termination Form (pdf)