Campus Connection February 15

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The Campus CONNECTION Issue 12 February 2015 In this issue Self-employed Retirement Contributions P.1 Now You Know P.1 Campus Life P.2 Employee Corner P.3 Reminders & Updates P.4 Now You Know Current Staff Openings Secretary I - Office of the President Secretary II - College of Business Director of Communica- ons IT Business Analyst Director of Financial Aid and Veteran Services Self-employed retirement contributions If you own an outside busi- ness through which you contribute to a qualified re- tirement plan, and you are also enrolled in ORP or TDA through the A&M System, there are IRS regulations that apply to your retire- ment savings. The IRS 415 regulations limit the amount that can be contributed to a retire- ment plan for an individual ($52,000 for 2014). Normal- ly, this limit does not have to be aggregated between different employers. Howev- er, plan contributions must be aggregated across plan types if the individual owns more than 50% (controlling interest) of a business with a sponsor-qualified plan (typically a Keogh plan or SEP). This means contributions includ- ing employee and employer con- tributions for both the 403(b) (ORP and TDA) plan and the self- employed qualified plan must be below the annual 415 limit men- tioned above. 415 regulations assign the re- sponsibility of aggregating these plans to the A&M System, since we are the 403(b) provider. The A&M System is required to obtain self-employed contribution infor- mation from employees to deter- mine if employees have exceeded this limit. If you have made contributions to a self-employed plan in 2014, please contact: Sheri Meyer System Benefits Administration 301 Tarrow Street, 5th Floor College Station, TX 77840 (979) 458-6175 [email protected]

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Transcript of Campus Connection February 15

The Campus CONNECTION

Issue 12 February 2015

In this issue

Self-employed Retirement Contributions P.1

Now You Know P.1

Campus Life P.2

Employee Corner P.3

Reminders & Updates P.4

Now You Know

Current Staff Openings

Secretary I - Office of the

President

Secretary II - College of

Business

Director of Communica-

tions

IT Business Analyst

Director of Financial Aid

and Veteran Services

Self-employed retirement

contributions

If you own an outside busi-ness through which you contribute to a qualified re-tirement plan, and you are also enrolled in ORP or TDA through the A&M System, there are IRS regulations that apply to your retire-

ment savings.

The IRS 415 regulations limit the amount that can be contributed to a retire-ment plan for an individual ($52,000 for 2014). Normal-ly, this limit does not have to be aggregated between different employers. Howev-er, plan contributions must be aggregated across plan types if the individual owns more than 50% (controlling interest) of a business with a sponsor-qualified plan (typically a Keogh plan or

SEP).

This means contributions includ-ing employee and employer con-tributions for both the 403(b) (ORP and TDA) plan and the self-employed qualified plan must be below the annual 415 limit men-

tioned above.

415 regulations assign the re-sponsibility of aggregating these plans to the A&M System, since we are the 403(b) provider. The A&M System is required to obtain self-employed contribution infor-mation from employees to deter-mine if employees have exceeded

this limit.

If you have made contributions to a self-employed plan in 2014,

please contact:

Sheri Meyer

System Benefits Administration

301 Tarrow Street, 5th Floor

College Station, TX 77840

(979) 458-6175

[email protected]

CAMPUS LIFE

The Campus Connection Issue 12 February 2015

A&M-Texarkana, Cooper Tire part-nership offers interns path to em-

ployment

Texas A&M University-Texarkana intern Caleb Sparks reviews an as-

signment with Kenny Barbosa, Cooper Tire human resource direc-

tor.

Texas A&M University-Texarkana’s Lisa Myers won the

Learning Counts Ambassador Award presented by the Council for Adult and Experiential Learn-ing during its international con-

ference.

Eagle Open House Febuary 21, 2015 10am - 5pm

Employee Corner

Vanessa Scurlock

John Hamilton

Paola Fernandez

Dana Lohse

Lisa Myers

Jenny Pool

Stacey Epps

Tom Jordan

Frankie Tilley

Stephanie Ringgold

Doris Davis

Ugur Tanriver

BIRTHDAYS

Employee of the Month

December

Barbara Wilson

Jeanette Mitchell

Customer Service Specialist

Jade Jenkins

Academic Assessment Coordinator

Barbara’s nominator said “Barbara Wilson has done many great things since becoming part of the Eagle family. We are now able to pro-vide student services that were not offered be-fore, and considering the tragedy that our campus experienced in November we see that these services are required. During the after-math, many students had a difficult time with the loss of their friends, and Barbara Wilson was here for them through it all. She called fellow mental health counselors from the community to come in and help, while provid-ing group and individual counseling sessions during normal hours, nights, and weekends. She also hosted a program to allow students that were in the grieving process to express their grief through painting. Ms. Barb’s dedica-tion to being there for our students during this difficult time while meeting her other pri-orities shows that she is passionate about her job and our campus community.”

Ellen Quinnelly

Recruitment Specialist

REMINDERS & UPDATES

The Campus Connection Issue 12 February 2015

Food Service Provider Infor-

mation

Chartwells is our new food ser-vice provider servicing our cafe-

teria in University Center. For those faculty/staff members

that would like to purchase a meal plan, you now purchase

these in the cafeteria. They will add your meal plan to your ex-

isting swipe card. The cost of the meals are as follows:

breakfast: $6.50 + tax, lunch: $7.50 + tax, dinner: $8.50 +

tax. When you purchase your meal plan, Chartwells will add

10% to the amount as a “thank you” for purchasing a meal

plan. You can purchase any dollar amount you wish. The

meals in the cafeteria are all you can eat, but there are no a

la carte items available. The Grill is limited to the items of-

fered on the hot line and “To-Go” drinks are available for

99¢.

W-2s Ready to Access

All employee W-2’s are ready to be retrieved from Single Sign-On! For de-

tailed instructions on accessing your W-2, visit http://www.tamut.edu/Administration/Payroll/Forms/W-

2%20instructions.pdf.

Success Center Workshop Join the Student Success Center in UC 210 at noon February 3 for a success series

workshop, Ready, Set, Research!, presented by Teri Stover. Lunch will be provided