Are you a faculty member approaching your first anniversary or a staff member approaching your second anniversary? You may wish to take a moment to review your current 403(b) contribution percentage and submit a new Salary Reduction Agreement Form to take advantage of the university match, if you are not already doing so.

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Naming and regularly reviewing beneficiaries (and updating if necessary) is important to ensure that your funds and benefit amounts will be distributed according to your wishes in the event of your death. Fortunately, doing so is quick and easy for your retirement plan account(s), HSA accounts, and life insurance.

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January 31, 2025, is the first monthly paycheck date of the new year. Faculty should review paystubs to ensure accuracy of any benefit changes made during open enrollment, new FSA elections, and 403(b) election changes. Any discrepancies must be reported along with a screenshot verifying successful completion of Open Enrollment no later than Friday, February 7, 2025.

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Human Resources is pleased to continue a series of Financial Wellness sessions this year, made possible by Illinois Tech’s partnership with PNC Bank. The first session of 2025 on Wednesday, February 19 will feature an introduction to PNC's workplace banking benefits, which are available to all Illinois Tech employees regardless of whether or not they have accounts with PNC.

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Due to recent legislative changes, beginning with the 2025 plan year, which impacts 1095-Cs distributed in 2026, Illinois Tech will furnish 1095-Cs only upon request. Please note that all covered and non-covered eligible employees will receive a 1095-C form for 2024 in the mail soon. The notice below pertains to 1095-C forms that will be distributed in 2026 and subsequent years.

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Illinois Tech will be hosting our dedicated TIAA education consultant at Mies campus on two dates this spring for your financial planning and retirement readiness needs: Thursday, February 13, and Tuesday, April 1.

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Hinge Health is excited to host an event that provides insights and education on pelvic health and the new pathway. Join them January 22 for a conversation with expert physical therapists who will demystify the pelvic floor, identify common signs and symptoms of pelvic floor disorders, and discuss when to see a pelvic floor physical therapist for expert care.

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January 10, 2025, is the first biweekly paycheck date of the new year. Staff members should review paystubs to ensure accuracy of any benefit changes made during open enrollment, new FSA elections, and 403(b) election changes.

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As we head into 2025, the Office of Human Resources has some important benefits related reminders on what you can expect going into the new year.

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