If approved, BenefitElect can begin soliciting participants. This is necessary to have a payroll deduction. Dr. Floyd stated that this is a matter in which we need to really educate our personnel. A link to the IRS information on this and related issues is on the Current Projects Page which is linked from at the lower right column of the Faculty Senate home page. Tax Deferred Compensation Plans Dr. Floyd stated that we have added a link on the above mentioned Current Projects web page for Valic which has been highly recommended by some employees and is utilized by Rush Hospital employees.
Informational packets are available if needed.
He asked whether or not we should pursue Tuscaloosa Federal Family Credit Union. He stated that he hopes to have all of this publicized and in full swing by the beginning of the Summer semester. Both email addresses still work and will for quite some time, but for simplicity we need to encourage adoption of the new addresses. All new business cards, etc. Existing business cards with the UNIV address may still be used until depleted.