Shopping. Parties. Family Stress. Why wait for the new year to start making healthier lifestyle changes? Start now with Hello Heart and give your heart a gift. Hello Heart is an easy, fun, and engaging way to lower your high blood pressure and cholesterol. See the flyer for more details including eligibility.
The Human Resources Department will hold its annual enrollment period beginning Monday, November 8th through Monday, November 15th. This is your opportunity to enroll in the Flexible Spending Accounts for next year. In addition if you, your spouse, or children are not currently enrolled in the medical, dental, and vision plans this is your chance to do so. The benefit coverage effective date is January 1, 2022. Watch your e-mail on Monday, November 8th for specific details. Questions may be directed to Ms. Kristen Bjorne, Director of Benefits, at x1030 or e-mail kportale@nmu.edu.
The Human Resources Department will hold its annual enrollment period beginning Monday, November 7th through Monday, November 14th. This is your opportunity to enroll in the Flexible Spending Accounts for next year. In addition if you, your spouse, or children are not currently enrolled in the medical, dental or vision plans this is your chance to do so. The benefits effective date is January 1, 2023. Employees are encouraged to check their e-mail on Monday, November 7th for specific details. Questions may be directed to Ms. Kristen Bjorne, Director of Benefits, at x1030 or e-mail kportale@nmu.edu or Ms. Kimberly Hongisto, Benefits & Onboarding Specialist, at x2470 or email khongisto@nmu.edu
Family status changes including marriage, divorce, birth, adoption, death of a spouse/child, marriage of a dependent child, etc., must be reported to the Human Resources Department no later than 30 days after the event. Proper notification ensures accurate enrollment in benefit plans for new spouse/baby; prompt removal of those you no longer wish to cover; and correct withholding from your paycheck for the associated plan type (e.g., Single, Two, Family). Contact Ms. Kimberly Hongisto, Benefits Assistant, at khongist@nmu.edu or phone x2470 with questions.
Have you or will you experience a family status change this year? Family status changes including marriage, divorce, birth, adoption, death of a spouse/child, marriage of a dependent child, etc., must be reported to the Human Resources Department no later than 30 days after the event. Proper notification ensures accurate enrollment in the various benefits plans (medical, dental, etc.) for new spouse or baby; prompt removal of those you no longer wish to cover; and correct deduction from your paycheck for the associated plan type (single, two, family). Any family changes you experience makes it a good time to review your beneficiaries and bring them up to date for life insurance, retirement plan, and final paycheck. For assistance, please contact Ms. Kimberly Hongisto, Benefits/Onboarding Specialist, at khongist@nmu.edu or phone x2470.
Family status changes including marriage, divorce, birth, adoption, death of a spouse/child, marriage of a dependent child, etc., must be reported to the Human Resources Department no later than 30 days after the event. Proper notification ensures accurate enrollment in benefit plans for new spouse/baby; prompt removal of those you no longer wish to cover; and correct withholding from your paycheck for the associated plan type (e.g., Single, Two, Family). Contact Ms. Kimberly Hongisto, Benefits/Onboarding Specialist, at khongist@nmu.edu or phone x2470.
Save the date! The 2022 Employee Benefits Fair is scheduled for Wednesday, October 5th from 10 a.m. to 2 p.m. in the Northern Center Ballrooms III and IV. One hour of released-time will be granted for employees attending the Fair. Enter your chance to win a prize drawing by dropping off any non-perishable food items for the NMU Food Pantry.
The Benefits Fair gives faculty and staff the opportunity to learn more about their TIAA retirement plan, Blue Cross/Blue Shield medical and dental plans, NorthStar employee assistance program (EAP), and more! In addition, Hello Heart, The Hartford, AFLAC, MEEMIC, and Marketplace Insurance Plan representatives will be present. The Fair is also your chance to get your flu shot from the nursing staff at the NMU Health Center. If you have any questions, please contact Kristen Bjorne, Director of Benefits, at kportale@nmu.edu or phone 1030.
Take the 2% challenge for America Saves Week
America Saves Week is February 21 to 25
Saving enough for the future doesn’t happen overnight. That’s why it’s so important to keep taking small steps now that can make a big difference later. To celebrate America Saves Week this year, challenge yourself to contribute an extra 2 cents on every dollar to your retirement account. That’s just 2% now with the potential for a lot more in growth by the time you retire. And with pretax contributions, more money goes into your account than comes out of your paycheck. To see your take-home pay when you save more, check out this TIAA calculator.
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances. Investment, insurance, and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributes securities products. ©2022 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017
Join Kristen Bjorne (Director of Benefits) and Rhea Dever, (AVP of HR) for a webinar designed to help NMU employees understand and access the many wellbeing resources available to them and their eligible dependents. Join us for a quick 30 minute Zoom session, where we will tour these resources and provide insights into how to make the most of these benefits and services. Two session days/times will be offered as noted below. No registration is necessary. Note that one session will be recorded and made available to interested employees.
Tuesday, April 11 from 12:00pm - 12:30pm: Join the session using this link
Monday, April 17 from 12:30pm - 1:00 pm: Join the session using this link
The contribution limits for employees who participate in the voluntary 403(b) and/or 457(b) plans has increased from $20,500 to $22,500 in 2023; and the catch-up contribution limit for employees age 50 and over who participate in these plans increased from $6,500 to $7,500 in 2023.
This means if you are under age 50 in 2023, the maximum amount you may contribute into your voluntary retirement plan is $22,500. If you are age 50 or above, the maximum amount you may contribute is $30,000 ($22,500 plus $7,500 catch-up). Employees interested in adjusting their retirement contribution amount should contact Kimberly Hongisto, Benefits Specialist, at khongist@nmu.edu or phone x2470 and request a Salary Reduction Agreement.