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Supervisor Group Update

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Supervisor Group Update

  1. 1. SupervisorGroup UpdateSeptember 27, 2011Alumni Room
  2. 2. Agenda Employee Handbook Life Event Form Personnel Action Form (PAF) Retirement/Resignation LDOW Electronic Timekeeping Human Resources Council (HRC)  Retirement/FICA Changes  Veteran’s Preference  Honor Guard  HDHP Health Plan
  3. 3. Employee Handbook Replaces the Employee Information Book Currently found:  Employee Services Page
  4. 4. Life Event Form Purpose is for Life Changing Events Information on Employee Services Page
  5. 5. Personnel Action Form Purpose is for any Personnel Actions
  6. 6. Retirement/Resignation (LDOW)  Last day of Work (LDOW)  Last date the employee actually performs work  Policy Rewrite to occur this AY
  7. 7. Electronic Timekeeping
  8. 8. Electronic Timekeeping Timeline Approved
  9. 9. Electronic Timekeeping  Exception Time  Sick Time  Vacation Time  Etc.  Manager Self Services  Absence Management (2013)
  10. 10. Electronic Timekeeping  Tracking Time  Decentralized?  Home Grown?  Kronos?  One-Card System
  11. 11. Human Resources Council (HRC) Retirement/FICA Changes SOCIAL SECURITY January 1, 2012 Payroll Changes Impacting Employee Take Home Pay NDPERS/TIAA-CREF Meeting  The one-year payroll tax holiday created under The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 expires on December 31, 2011.   As an employee in calendar year 2011 your payroll tax contributions were reduced: From: 6.2% Lessened by 2% for wages up to $106,800 October 12th – Skoal Room To: 4.2%   Beginning January 1, 2012, employee contributions for Social Security will once again be 6.2%. Note: On September 8, 2011 the American Jobs Act of 2011 was proposed by President Obama. If passed, the employee Social Security tax rate will be reduced to 3.1% for calendar year 2012. RETIREMENT  The 2011 North Dakota Legislative Assembly passed legislation and provided funding to increase retirement plan contributions for all state employees by: Veteran’s Preference o 2% on January 1, 2012, and 2% on January 1, 2013. o Of the annual 2% increase, 1% to be paid by the employee and 1% paid by the employer. NDPERS Employer Employee 2011 9.26% 0.00% 2012 10.26% 1.00% 2013 11.26% 2.00%  Absolute Preference TIAA-CREF Years of Service Employer 0-2 4.50% 2011 2-10 9.50% 10+ 10.00% 0-2 5.50% 2012 2-10 10+ 10.50% 11.00% 0-2 6.50% 2013 2-10 10+ 11.50% 12.00%  Number Interviewed Employee 0.50% 1.50% 2.00% 1.50% 2.50% 3.00% 2.50% 3.50% 4.00% Both PERS and TIAA-CREF plan participants benefit from this change. Employee contributions will be deducted on a pre-tax basis, reducing the employee’s federal and state taxable gross income and income tax withholding. There was no sunset clause (ending period) in this legislation, so pending additional legislation it is anticipated these retirement increases will be ongoing. SUMMARY Honor Guard Beginning January 1, 2012 a total of 3% of employee take home pay will be redirected to Social Security (2%) and retirement (1% employee contribution). Beginning January 1, 2013 an additional 1% of employee take- home pay will be redirected to retirement (1% employee contribution). Employer retirement contributions will also increase by 1% in calendar year 2012 and another 1% in 2013. Both the employee and employer retirement contributions will be set aside on the employee’s behalf for 24 working hours of leave retirement purposes.   Strongly encouraged HDHP Health Plan  All Employees  October 20th Meeting – Vangstad Auditorium
  12. 12. Questions and Future Topics

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