Category: Your Money
Apply for 2020 Higher Education Opportunity by Nov. 1
UF’s Higher Education Opportunity (HEO) provides children of full-time TEAMS employees with the opportunity of tuition assistance for an undergraduate education at the University of Florida.
State Deferred Compensation Plan changes: T. Rowe Price and Empower no longer available
In an effort to respond to the changing retirement savings industry, provide a better value and simplify options for State of Florida employees and participants, the state has decided to decrease the number of investment providers. The Deferred Compensation Plan will not be renewing contracts with T. Rowe Price and Empower.
Benefits payroll deductions resume for nine- and 10-month employees
Normal payroll deductions for health, life, optional and supplemental insurance for State and UF plans will resume on the Sept. 13 paycheck to align with the nine- and 10-month appointment pay cycle.
Additional details about UF’s 2019-20 Pay Program
The university will implement a 1-percent across-the-board increase for all eligible employees and has created an aggregate increase pool of 2 percent to be used for market and merit in amounts that may range from zero to more than 2 percent. Additionally, the minimum wage will increase from $13 to $14 per hour, effective Oct. 1, 2019.
Making the EEP application process easier
Through a collaboration with the Office of the Registrar and Associate Provost for Academic and Faculty Affairs Chris Hass, UF’s Employee Education Program (EEP) director approval deadline will now be five days prior to the drop/add with fee liability date.
Save money on all vending purchases with your Gator 1 card
UF faculty, staff and students can save 50 cents on all campus vending purchases made with a Gator 1 card.
Announcing UF’s 2019–2020 Pay Program
Effective Oct. 1, 2019, for employees on payroll as of June 30, 2019, the university will implement a 1-percent across-the-board salary increase and an additional 2-percent salary increase pool for merit and market-based increases based on criteria established by colleges and units. Additionally, the university’s minimum wage for TEAMS employees will increase from $13 to $14 per hour, also effective Oct. 1.
Need some guidance on retirement? Enroll in a FLARE workshop today
UF’s Financial Literacy and Retirement Education (FLARE) workshops are here to guide you on your journey toward the best possible financial future.
FLARE workshops provide guidance for a better financial future
Workshop topics include Medicare, planning for financial security, the Florida Retirement System/DROP and Federal Student Aid Loan Forgiveness, with sessions beginning in early May through late August.
Submit your Flexible Spending Account claims by April 15
The health care Flexible Spending Account (FSA) and the limited purpose FSA plans now have a carryover feature that allows you to carry over up to $500 of your unused balance into the next plan year.
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