Hot Off the Press! Updated Compensation Calculator
We are delighted to share that an updated total compensation calculator is now available on the Human Resources and Payroll homepage. Your total compensation includes more than your annual salary. The calculator will allow you, based upon the answers to just a few questions, to automatically calculate your total compensation package. Your total compensation includes your salary, plus benefits including (but not limited to) retirement, life insurance, health insurance, and leave. We hope you find it helpful.
Member Benefit Profiles Available at VRS
Annual Member Benefit Profiles (MBP) for faculty and staff who are enrolled in Plan 1 and Plan 2 of the Virginia Retirement System (VRS) are now available by logging into your account at myvrs.varetire.org. MBPs provide information about your retirement and other benefits you have as a member of VRS.
MBPs are currently not available for Hybrid Retirement Plan members. However, these employees can look up their current defined benefit and defined contribution account balances and other information through myvrs.varetire.org/login. The retirement planner in myVRS allows Hybrid employees to estimate potential income and expenses in retirement. In 2017, Hybrid members also will have access to the benefit estimator in myVRS.
Questions? Email benefits@gmu.edu or call 703-993-2600 and ask for the Benefits team.
Change in FlexWork Verification Process
Please note that the verification process for flexible work agreements has changed. In an effort to streamline the practice, as of October 1, 2016, employees and supervisors will no longer receive email receipts after submitting completed FlexWork agreement forms to Human Resources and Payroll (i.e. Telework, Remote Work, FlexTime, Compressed Schedule. etc.). If there are issues with the agreement or anything that requires attention, a member of the Life/Work Connections team will reach out directly to discuss it. If you have any questions, feel free to contact Wendi Carroll at wcarrol2@gmu.edu.
October Financial Well-Being Seminars
Human Resources and Payroll, in conjunction with some terrific partners, is offering the following financial learning opportunities in the month of October:
- October 4, noon: Building a Better Budget with Sarah Lieu of Apple Federal Credit Union
- October 27, noon: Fabulous Finds for Less with Bobbie Merritt of Human Resources and Payroll
To learn more and register, visit hr.gmu.edu/learning/hr.php. Coming soon: TIAA’s Financial IQ Challenge. Stay tuned!