CWUNewsNewshttp://www.cwu.edu/hr/newsen-us2015 Employee Appreciation Awards Ceremonyhttp://www.cwu.edu/hr/node/4002Tue, 30 Jun 2015 16:31:59<p>See the<a href="http://www.cwu.edu/hr/annual-employee-appreciation-awards-ceremony"> 2015 Employee Appreciation Awards Recipients!</a></p>HR Newsletter - June/July Editionhttp://www.cwu.edu/hr/node/3997Mon, 22 Jun 2015 08:03:24<p>Latest Edition of <strong><em>HR Central</em></strong><br><strong><a href="http://www.cwu.edu/hr/hr-central-newsletter">June/July 2015</a></strong></p><p><a href="http://www.cwu.edu/hr/hr-central-newsletter"><img alt="" src="/hr/sites/cts.cwu.edu.hr/files/Photo%20of%20June%20Newsletter.PNG" style="width: 488px; height: 600px;"></a></p></br>Employee Assistance Program Professional on Campus - Wednesday, June 24http://www.cwu.edu/hr/node/3996Mon, 15 Jun 2015 11:45:02<p>Contact Tom Sweeney, EAP professional, to schedule an appointment. Faculty and staff at centers, please contact Tom for arrangements.</p><p>Washington State Department of Enterprise Services<br>Employee Assistance Program<br>(360) 407-9490<br>Statewide Toll Free: (877) 313-4455</p><p>Contact Central Learning Academy, 963-2205, cla@cwu.edu, for questions.&nbsp; Refer to the Human Resources website for EAP information and resources.</p><p><a href="/hr/node/2532">Employee Assistance Program</a></p></br></br></br>Now Available: Faculty Salary Spreadhttp://www.cwu.edu/hr/node/3994Mon, 08 Jun 2015 14:32:07<p>Faculty may request their salary be spread over a twelve-month period for the<br>2015-16 year. Normally, faculty pay is disbursed only during the academic year, September through June, with no payments during the summer months (unless there is an additional summer contract). Under the salary spread option, faculty would be paid from September 16, 2015, through September 15, 2016, an equivalent gross amount each pay period.&nbsp;<br><br>Requests to have pay spread must be submitted through MyCWU (<a href="https://my.cwu.edu/">my.cwu.edu)</a> by<strong> August 31, 2015,</strong> to spread pay for 2015-16.&nbsp; Go to:</p><ol style="margin-left: 40px;"><li>Human Resources&gt;</li><li>Self Service&gt;</li><li>Payroll and Compensation&gt;</li><li>Faculty Proration Request&gt;</li><li>Add a New Value</li><li>Make sure to enter your name in the Subject field</li><li>Clicking 'Save'</li><li>Click 'Submit' (at the top of the screen!)<br>&nbsp;</li></ol><p>Once a request is made, a faculty member may not opt-out until the following academic year. The only time an opt-out will occur is when a faculty member receives temporary funding, such as a grant, and at that time, the faculty member will be contacted and required to opt-out. CWU makes no representations concerning the potential tax consequences of spreading salary over twelve months. Faculty members considering this option should consult with their own tax advisors.</p><p>Example: With the twelve-month pay option, a faculty member with a $63,000 annual salary would receive 24 paychecks, each with a gross of $2,625. When only paid from October through June, (18 paychecks) each paycheck gross would be $3,500.</p><p>As an alternative to the salary spread and to allow more flexibility and access, faculty members may establish a savings account and set aside funds to carry them through the summer months. The Washington State Employees Credit Union (WSECU) <a href="https://wsecu.org/">wsecu.org</a>&nbsp;has a new location in Munson Hall, 604 East University Way, and representatives are happy to assist with setting up an account.</p></br></br></br></ol style="margin-left: 40px;"></br>HR Newsletterhttp://www.cwu.edu/hr/node/3960Tue, 26 May 2015 08:58:39<p><strong>Latest Edition of <em>HR Central</em></strong></p><ul><li><a href="/hr/sites/cts.cwu.edu.hr/files/documents/Newsletter%202015-05.pdf" target="_blank">May 2015</a></li></ul><p>&nbsp;</p><p><strong>Past Editions of <em>HR Central</em></strong></p><p><a href="http://www.cwu.edu/hr/hr-central-newsletter">http://www.cwu.edu/hr/hr-central-newsletter</a></p><p>&nbsp;</p>Earn $125 Wellness Incentive By June 30th!http://www.cwu.edu/hr/node/3923Mon, 30 Mar 2015 08:22:21<p>Accumulate 2000 points at <a href="http://www.smarthealth.hca.wa.gov" target="_blank">www.smarthealth.hca.wa.gov</a> by June 30, 2015, to earn your $125 wellness incentive for 2016.</p><p>Activate your account and check out point-earning activities at <a href="http://www.smarthealth.hca.wa.gov" target="_blank">www.smarthealth.hca.wa.gov</a>.</p><p>Follow us on Twitter at <strong>CWU EmployeeWellness</strong> <a href="https://twitter.com/CWUEmployeeWell" target="_blank">@EmployeeWell</a></p>Don’t fool yourself into thinking you can’t save for your future!http://www.cwu.edu/hr/node/3922Fri, 27 Mar 2015 14:32:12<p>According to the 2014 Annual National Survey Assessing Household Savings, only about one-third of Americans feel prepared for their long-term financial future. Your workplace savings plan (the Voluntary Investment Plan) helps make it easy, convenient, and affordable to accumulate the money you need for retirement. Having trouble getting started? Here are some facts that can help you overcome a few of the most common excuses.</p><p><strong>Excuse #1:</strong> I can’t afford to save.<br>You can’t afford <em>not</em> to save, especially when you realize what a big difference small contributions can make. Let’s say you start by putting just $10 a week in your workplace savings plan. You might barely notice the difference in your paycheck. But when you get your year-end account statement, you’ll see that you contributed $520. That’s a good start. Automatic payroll deduction makes adding to your plan account painless. If you save on a pretax basis, you reduce your current income tax bill with every dollar you put in. Putting away a percentage of your paycheck, instead of a set dollar amount, will keep your savings in line with your pay raises.</p><p><strong>Excuse #2:</strong> I have plenty of time.<br>Being young is the perfect reason to start saving in your plan, not to put it off. Thanks to the potential of compounded earnings, the money you save can multiply many times over in the years between now and retirement. In fact, if you start saving early in your plan and then stop, you could actually accumulate more for retirement than a coworker who starts later, saves longer, and puts more money in.</p><p><strong>Excuse #3:</strong> I’ve got Social Security coming.<br>The federal government estimates that Social Security benefits currently provide less than one-quarter of what many retirees need to cover their expenses. This makes sense, given the ongoing expense of living in retirement. A couple retiring today at age 65 will need current savings of at least $220,000† to cover medical costs in retirement. So it’s important to save all you can.</p><p><strong>Excuse #4: </strong>I don’t plan to stay at my job forever.<br>That is why your plan is portable. Your contributions and any earnings are yours to take with you if you do change jobs. You’ll be able to roll your eligible account balance into an IRA or transfer your savings into a new employer’s plan, if allowed. You can even keep your money in this plan.</p><p><strong>Excuse #5:</strong> Small investments aren’t going to get me to the retirement savings I need.<br>Don’t underestimate how a small amount of money can grow over time, especially in a plan like yours. Any earnings on your savings are reinvested right into your account — where they can produce additional earnings. The longer this “compounding” process continues, the better your chances to accumulate the money you need. And you won’t pay taxes on either your original investments or any investment earnings until withdrawal. You have the opportunity to save big, even if you have to start small.<br><br>To save pre-tax funds for retirement, CWU faculty and staff may contribute to the Voluntary Investment Plan (VIP). The VIP is a tax-deferred 403(b) retirement savings opportunity available through payroll deduction.</p><p>Participation in the VIP is flexible and convenient - you may enroll at any time. You may contribute as little as 1% per pay period, or as much as allowed by federal law.</p><p><strong>Setting up Your Contribution is Easy!</strong></p><p>1. Log in or set up access at <a href="http://www.netbenefits.com/cwu" target="_blank">www.netbenefits.com/cwu</a><br>2. Click on "<strong>CWU VIP</strong>"</p><p><strong>To Establish or Change Deduction</strong><br><strong>Select: </strong>Quick Links &gt; Contribution Amount &gt; Indicate percentage or amount to be deducted from each paycheck</p><p><strong>To Establish or Change Retirement Provider</strong><br><strong>Select: </strong>Quick Links &gt; Contribution Amount &gt; Retirement Providers &gt;Indicate percentage of contribution to be managed by Fidelity or TIAA-CREF (If TIAA-CREF selected, you will be directed to their website)</p></br></br></br></br></br></br></br></br></br></br>Four Months to Earn $125 Wellness Incentivehttp://www.cwu.edu/hr/node/3895Thu, 05 Mar 2015 16:05:24<p>Accumulate 2000 points at www.smarthealth.hca.wa.gov by June 30, 2015, to earn your $125 wellness incentive for 2016.</p><p>Activate your account and check out point-earning activities at <a href="http://www.smarthealth.hca.wa.gov." target="_blank">www.smarthealth.hca.wa.gov.</a><br>Follow us on Twitter at CWU EmployeeWellness <a href="http://www.twitter.com/CWUEmployeeWell" target="_blank">@CWUEmployeeWell</a></p></br>2014 Total Rewards Statement Availablehttp://www.cwu.edu/hr/node/3884Sun, 22 Feb 2015 21:50:16<p>We are pleased to present your 2014 Total Rewards statement. This individualized compensation and benefits information ensures that you have a more complete picture of the total value of being a CWU employee. Total compensation consists of more than just your pay; it includes benefits, retirement contributions, leave accruals, and more.<br><br>Central Washington University values its faculty and staff. Your contributions are essential to the overall success of the institution. Your individual efforts are appreciated by not only your colleagues and management, but the students we serve. Thank you for being a part of the CWU team.<br><br>To access your Total Rewards statement, log on to <a href="https://my.cwu.edu/" target="_blank">MyC​WU</a>, and go to: Employee &gt; Payroll &gt; My Total Rewards</p></br></br></br></br>HR Newsletterhttp://www.cwu.edu/hr/node/3878Tue, 03 Feb 2015 15:05:35<h4><strong>Latest Edition of <em>HR Central</em></strong><a href="/hr/sites/cts.cwu.edu.hr/files/Newsletter%202015-05.pdf" target="_blank"><br>May 2015</a></h4><p><img alt="" src="/hr/sites/cts.cwu.edu.hr/files/HR%20Central%20May%202015.PNG" style="width: 350px; height: 445px;"></p><p>&nbsp;</p><h4><strong>Past Editions of <em>HR Central</em></strong><br><a href="http://www.cwu.edu/hr/hr-central-newsletter">http://www.cwu.edu/hr/hr-central-newsletter</a></h4></br></br>