UNIVERSITY HUMAN RESOURCES

Beginning July 1, 2013, the University intends to reinstate a portion of the voluntary pension matching plan (403 b) that was suspended as of July 1, 2010.  Beginning with the first complete pay period in the month of July (July 19^th for hourly employees and July 15^th for salaried employees), individuals who contribute a minimum of at least 2% of their annual compensation will receive a 1% University match.  The maximum amount that the University will match is 1%. 

• For example, if an employee contributes 2% or greater of their annual compensation, they will receive a 1% match, as mandated by the maximum limit.
• If an employee elects to contribute anything less than 2% of their annual compensation, they will not receive a University provided match, as they did not meet the minimum required employee contribution.

If you need assistance in establishing your voluntary contribution, or if you have additional questions, please contact Cindy Fisher, Benefits Coordinator, at extension 4126.

Effective April 1, 2013 a new regulation goes into effect due to the Durbin Amendment of the Dodd-Frank Wall-Street Reform and Consumer Protection Act. This amendment requires that debit cards provide consumers with the ability to access their accounts through at least two unaffiliated payment networks. Today, our benefits debit cards provide one signature network. To be in compliance with the amended act and resulting regulation, we must add a PIN (Personal Identification Number) network.

 The new PIN network will provide card holders with the ability to pay using a PIN (Personal Identification Number) at the point of sale, in addition to the current signature process. Keep in mind that this is optional. The use of a PIN is not required when using the Benny prepaid benefits card.Card holders can continue to use their Benny Prepaid Benefits Card as they always have – no change required, simply by swiping their card and providing a signature. 

 Beginning March 21, 2013 Benny prepaid benefits card holders can call1.866.898.9795 to self-select a PIN using an interactive voice response system.

Section 125 Flexible Spending is now open for the 2013 calendar year.  Eligible employees may enroll at www.cedarville.edu/sec125.  Enrollment will remain open until MIDNIGHT on THURSDAY, NOVEMBER 29, 2012.  No additions or changes will be made after this time.  Please contact Cindy Fisher, Benefits Coordinator, at extension 4126 for questions.