Tag: michigan state university

Your Benefits: New Year Checklist

Published on by MSU Human ResourcesLeave a comment

For benefits-eligible employees, the start of a new year is a great time to review all the MSU benefit options available to make sure you’re fully utilizing them throughout the year. The following list of tips and resources to consider will help you get the most out of your employee benefits:  

  1. Schedule Wellness Check-ups: If you’re enrolled in an MSU health, dental, and/or vision plan, you’ve just entered a new plan year. Even though an annual check-up is usually recommended by doctors, many people miss out each year because they forget to schedule an appointment. Set your family up for success by scheduling any annual or wellness check-ups now.  
  2. Prepare for Illness: Teladoc is an online medical care service that gives you 24/7 access to a health care professional via web, phone, or mobile app in minutes. A doctor can even write you a prescription if necessary. Enroll in Teladoc now so you’re prepared when illness strikes.  Available to employees and their dependents that are enrolled in an MSU health plan.  
  3. Review Retirement Contributions: The IRS sets new retirement contribution limits each year. Make sure you’re saving as much as you can by reviewing the 2025 IRS retirement contribution limits and adjusting contributions if needed.  
  4. Note Flexible Spending Account (FSA) Deadlines: If you’re enrolled in an FSA for the 2024 and/or 2025 plan year, please note important deadlines and resources for utilizing your FSA funds.  
  5. Use Educational Assistance Funds: Support staff and academic specialist employees have access to educational assistance funds to use towards professional development opportunities. These funds reset each fall, so make sure you don’t miss out. If you’re looking for learning opportunities, we recommend checking out courses offered by HR’s Organization and Professional Development department.  
  6. Note Mental Health Resources: The MSU community offers a variety of mental health resources to employees and their dependents.  
  7. Schedule Vacation/Personal PTO: Taking time to rest and reset is important to maintain mental health. Make sure you’re using all your PTO by planning out and scheduling your time off in advance.  
  8. Employee Discounts: Visit the MSU Benefits Plus website for deals and discounts on everything from travel and experiences to electronics and toys. Additional discounts can be found on the MSU Human Resources website.  
  9. Voluntary Benefit Options: You may enroll in, change, or cancel auto, home, and pet insurance benefits at any time through the MSU Benefits Plus website.  Legal, critical illness, and vision insurance only allow benefit changes during Open Enrollment in October.  
  10. Register for a Free Diabetes Management Program: If you or a dependent are living with diabetes, Livongo by Teladoc Health can help by providing free necessary medical supplies and optional coaching.  Employees or dependents enrolled in Medicare are not eligible.  
  11. Get a Second Medical Opinion: If you are facing a serious medical diagnosis, Teladoc Medical Experts can review your case and offer a second medical opinion from leading health care specialists. Coaching and online educational tools are also available.  Employees with mandated insurance under the ACA are not eligible.  

We hope this list will help keep you on track as you plan out how you and your family will use your employee benefits this year. You can learn more about all these benefit options on the HR website. 

Retirement Planning: 2025 IRS Retirement Plan Contribution Limits 

Published on by Megan MacGregor1 Comment

Whether your retirement is on the horizon or a faraway goal, it’s important that you continue to monitor and adjust how much you’re saving if you want to have a comfortable retirement. The IRS places limits on how much employees can contribute to a retirement plan each year and recently announced the retirement plan limits for 2025: 

  • The annual employee contribution amount increased from $23,000 to $23,500 for 403(b) and 457(b) plans. 
  • The age 50 catch-up contribution amount remains the same at $7,500 for 403(b) and 457(b) plans. 

If you want to save as much as possible for your retirement, a tool in the EBS Portal called the Max Savings Contributions Calculator is available to assist you. This tool automatically displays the remaining amount of retirement contributions you have available before reaching one of the limits, and the equivalent percentage of your pay to help you spread that out for the year. 

To access this tool: 

  1. Login to the EBS Portal with your MSU NetID and password. 
  1. Click the My Benefits tab at the top. 
  1. Click the Benefit/Retirement tile. 
  1. Select Enroll/Change my Retirement/Health Savings Account Options in the drop-down menu and then click Next in the bottom right. 
  1. Navigate in the bar graph to the Savings Plans screen by clicking Next in the bottom right. 
  1. The Max Savings Contributions Calculator screen will display. This display will automatically show the remaining amount of retirement contributions you have available (if any) before reaching the IRS limit. 
  1. You can adjust the percentage of your contributions to any retirement plans you participate in by clicking on the pencil icon, and then choosing Select to make the change. 
  1. If you want to enroll in a new plan, begin by clicking on the paper icon next to the plan and vendor of your choosing, and then enter the percentage of your new contribution and choose Select to enroll. 
  1. Make sure to click on Save in the bottom right to complete and save any changes/enrollments. 

If you are an academic year faculty or academic staff employee, or a Voluntary 403(b) Base participant aged 50 and over, contact the HR Solutions Center at 517-353-4434 or SolutionsCenter@hr.msu.edu for further assistance in calculating your maximum contribution percentage. 

Learn More About MSU’s Retirement Plans 

The following articles contain more detailed information about MSU’s retirement plan options and preparing for retirement: 

The  HR website  also contains a wealth of information about the different types of retirement plans offered, retirement investment vendors, and planning tools available. 

Spartan Youth Programs and Summer Camps

Published on by MSU Human ResourcesLeave a comment

Summer is quickly approaching, so you may want to check out the list of over 100 Spartan Youth Programs and summer camps for Pre-K through 12th graders. These programs offered by Michigan State University are great opportunities for children and young adults to take part in the Spartan experience and develop themselves academically. There are many 4-H camps available for all age groups, along with exciting creativity-driven camps that ignite children’s imaginations. There are also many different sporting camps, ranging from baseball and basketball to gymnastics, tennis, golf, football and hockey. Take a look at all the camps offered through Spartan Youth Programs and find one that your children would enjoy at: http://spartanyouth.msu.edu.Spartan Youth Programs graphic

A list of popular places to visit on campus can also be found below the list of programs, camps and activities.