The IRS has published that the maximum annual contribution limit for the 403(b) Plan and the 457 Plan has increased to $19,000 for 2019. Employees who are age 50 or older by December 31, 2019 are able to contribute an additional $6,000 into each plan. In order to change a bi-weekly deduction amount, or restart a deduction for the first paycheck in 2019, employees can download the form (see below) and return it to Prudential at the address or fax number on the form by 12/12/18:

403(b) Contribution Rate Change Form

457 Contribution Rate Change Form

The following information may assist with completing the form:

·       The Sub Plan Number should be left blank

·       The Employee Record Number is generally 000 for employees who have had only one active assignment within the State of CT; for individuals employed by multiple agencies or those who have had more than one assignment within UConn, please e-mail HR@uconn.edu to determine the correct employee record number

·       To contribute as close as possible to the maximum of $19,000 spread evenly across 26 pay periods, the per pay period contribution would be $730.00

·       To take advantage of the $6,000 Age 50+ Catch-Up Option in addition to contributing as close as possible to the $19,000 maximum for a total contribution of $25,000 spread evenly across 26 pay periods, the per pay period contribution would be $961.00

The 2019 plan year will have 26 pay periods, and the first paycheck will be dated 1/4/19.   Any forms with changes effective for the first 2019 paycheck must be received by Prudential no later than by 12/12/18.

Alternately, instead of completing the Contribution Rate Change Form, employees already enrolled in the 457 and 403(b) plans can restart their contributions online by following these instructions in-between 12/1/18 – 12/14/18: 

1.       Log onto www.ctdcp.com

2.       Click on ‘access account’

3.       Enter your user id and password

4.       Under the ‘go to’ box select Contribution Rate

5.       Next to your contribution amount, select ‘change’

6.       Enter your contribution amount

7.       Click on “OK”

8.       Review your new contribution amount

9.       Select ‘apply changes’

10.   You’ll receive your confirmation page with a tracking number

Prudential can also accept contribution changes and restarts for the 457 and 403(b) plans by telephone in-between 12/1/18 – 12/14/18, and can be reached at 844-505-SAVE (7283). 

Employees interested in learning more about the 403(b) or 457 plan can access additional information at www.ctdcp.com, or can contact the following Prudential representatives:

Tom Grubbs – 860-256-5775 or thomas.grubbs@prudential.com

Tom Shepherd – 860-331-3248 or thomas.shepherd@prudential.com

For more information, contact: Human Resources at hr@uconn.edu

 

Every employee at the University of Connecticut is obligated to protect access to university systems and data by safeguarding their login credentials. Employees should never share their credentials to allow others access to University systems. 

Your login credentials, such as your NetID and NetID password, are unique to you. They protect sensitive and confidential information that you have access to by verifying your identity and authorizing your access. When you give others your credentials, they are using your unique identifier to access data and perform actions as you. This violates State and University policies, and institutional audit controls; compromises the integrity of online approvals; increases the risk of data misusage; and exposes personally identifiable information (PII) to unauthorized users. When others use your credentials, any misuse is also linked to you.

How to protect your credentials  

• Passwords are confidential, protected information. To keep your password safe, do not write it down, save it with corresponding account information or usernames, store it in an unencrypted file, share it, or let others see you type it.
• Do not allow a coworker, colleague or any other individual to access a system on your behalf using your credentials, including your supervisor or subordinates.  This is contrary to policy even if you do not share your credentials.  Contact ITS if you need an individual, such as a student employee or affiliate, to have access to a system and they do not have an account.
• Always log off when you are no longer transacting in the system.

Below are applicable University polices regarding credentials. Please note that sharing credentials may lead to disciplinary action.

https://policy.uconn.edu/2012/06/21/access-control-policy-information-technology/

https://security.uconn.edu/policystandards/standards/password-standards/

https://policy.uconn.edu/2012/06/21/acceptable-use-information-technology/

If you suspect a security compromise or breach related to system access, you should immediately report this to the ITS Help Center and change your password.

Please do not hesitate to contact the ITS Help Center with comments, questions, or concerns.

For more information, contact: Payroll at 486-2423

 

As a result of the latest tax reform act, payroll deductions for University parking permits currently made on a pre-tax basis will now be made on an after-tax basis, effective for the pay period ending December 20, 2018 (first reflected in paychecks dated January 4, 2019). No action is required for University employees who currently purchase University parking permits through payroll deductions. Payroll deductions will automatically continue for these employees, but deductions will now occur on an after-tax basis.

If you have any questions and are paid by UConn (Storrs & Regionals), please contact the Payroll Department at 860-486-2423.

If you have any questions and are paid by UConn Health, please contact the Employee Resource Center at 860-679-2426.

Charles Eaton, Controller for UConn

Chad Bianchi, Controller for UConn Health

For more information, contact: Payroll Department at 860-486-2423