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Understanding the
W2 Form

Get an explanation of the W2 form.
 
EGTRRA Limits
(Federal legislation that has a direct impact on your pension benefits)
Exclusion for elective deferrals under IRS Section 402(g)(1) for 401(k) contributions is $15,500.00. For employees 50 or older in 2008, the catch-up provision is $5,000.00.
Payroll
Change in Closing of Self-Service

We have shortened the dates that Self-Service is closed to you for payroll processing by 2 ½ days each payroll cycle.  Self-Service will close at 4 p.m. (CT) on the updated payroll schedule, which can be found on Self-Service under the Payroll & Tax Information section. 

The new schedule will be available on Monday, Feb. 4.  You will be able to enter Federal W-4, direct deposit and add dependents, and have the information flow directly to the payroll system immediately.  HSA contribution changes and address changes must be submitted by the payroll deadline in order to be effective for that pay period.  Those items must go through an approval process.

 

 
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