HR Insider Newsletter Spring 2021

Spring 2021

NEOGOV eFORMS LAUNCH! Human Resources

SAVING FOR YOUR CHILD’S TUITION

College is one of the best investments you can make for your child. It is also one of the most expensive, but if you start early by developing and contributing to a comprehensive college savings program, you will be well on your way to providing your child with the edu - cational experience of a lifetime.

annually between Sept. 1 and Feb. 28 (29 in leap years). Enrollment for children younger than 1 year of age ex - tends through July 31st. The Texas College Savings Plan allows families to save for qualified education expenses at schools nationwide,

We are excited to announce the official launch of NeoGov eForms! Beginning April 1st staff will begin using NeoGov eForms to submit electronic forms to Human Resources. Forms to be included in this paperless process will be the Business Card Order, Photo Release Preference, Request to Attend Conference, Emergency Contact Form, Fitness Wai - ver, Public Access Preference, EAC Pledge Form, Qualifying Life Event, and ICMA-RC Change Form. As new forms are added electronically in NeoGov they will be removed from SharePoint. To assist with navigation, we’ve created the NeoGov eForms Reference Guide. Should you need additional as - sistance, please reach out to Margaret Ross or Hilda Campos.

including undergraduate and graduate tuition and fees, certain room and board expenses and other qualified expenses. This plan is open for enrollment year- round. To learn more about these programs, please sign up for one of the upcoming

Texas offers tax-advantaged 529 plans to help families save for college. Ear - nings are tax-free as long as you use the account to pay for tuition and required fees at an eligible school. The Texas Tuition Promise Fund allows

families to lock in today’s prices for tomorrow’s under- graduate resident tuition and schoolwide required fees at Texas public colleges and universities, excluding medical and dental institutions. Open for enrollment Retirement

webinars which provide an overview of the Texas Tui - tion Promise Fund and information on the different types of tuition units, tuition redemption values and payment options.

Benefits HRA RUN-OFF PERIOD

ICMA-RC ANNOUNCES PLANS FOR A NEW NAME

What is a Retirement Health Savings (RHS) Ac- count? A Retirement Health Savings (RHS) account is an employer-sponsored plan designed for the purpose of offsetting medical expenses after you have separated from employment from the EAA. Participation in this program is mandatory and has a vesting requirement of 5 years. Upon separation or retirement, you will be able to submit for reimbursement from your RHS ac - count for out-of-pocket medical expenses including insurance premiums. Your RHS account can also be used to pay for qualifying medical expenses incurred by your spouse and eligible dependents. Distributions, including earnings, are tax-free. For more information, please view the RHS Q&A sheet available in SharePoint. ICMA offers a library of pre-recorded Certified Fi - nancial Planning Seminars. Topics available include estate planning, investment basics, planning for long term-care, and more. Click here to view available se - minars.

The 90-day run-off period for the Health Reimburse - ment Arrangement (HRA) which gives you an oppor - tunity to submit claims for reimbursements for the pre- vious year, ended on March 31, 2021. Up to $2,500 of your remaining funds will rollover to the 2021 HRA plan and any remaining funds will rollover to your Retirement Health Savings (RHS) account. You may expect to see your rollover funds in your Proficient ac - count by mid-April. The $2,500 of 2020 HRA funds will rollover as fo - llows: HDHP Plan - Up to $1,500 will rollover into your me - dical HRA; then up to $1000.00 of remaining funds will roll over to your dental and vision HRA. NPOS Plan - Up to $2,500 will rollover to your me - dical HRA. Employees identified as having funds rolling over to an RHS account for the first time will be contacted by Hilda Campos for completion of the appropriate docu - ments to setup an RHS account.

ICMA-RC is becoming MissionSquare Retirement, a new name and brand that reinforces the company’s his- tory, deep expertise, and community focus; and solidifies its vision for the future.

From its beginning almost 50 years ago, the mission of IC - MA-RC has been to help those who serve their communi - ties build retirement security. Though its mission has never changed, the company has grown and evolved. Over the years, it has expanded to support the retirement planning needs of all employees who dedicate their lives to serving their communities, including state and local government employees as well as teachers and school administrators, health care workers, and not-for-profit employees.

Over the last year, ICMA-RC explored creating a new identity that both honors the company’s history and reflects its vision for the future — to become the most trusted retirement plan provider for those serving their communi - ties. Extensive client and industry research identified an opportunity to increase brand recognition that represents the growing diversity of ICMA-RC clients while amplifying the commitment to public sector employees. The name annoucement is just the beginning. ICMA-RC will be sharing more information regarding brand rollout in the coming months through email, the website, and outreach from the Human Resources department. Stay tuned!

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