To Participants of Tax-Deferred Annuity Plans
- All employee and University contributions (if applicable) attributable
to the month of December will be remitted to Vanguard and TIAA-CREF during
the month of December. As a result, your fourth-quarter statement(s) for
1999 from Vanguard and/or TIAA-CREF will show one additional contribution,
and your first-quarter statement(s) for 2000 will show one less contribution.
- Effective January 1, 2000, the maximum deferral limit as set by the
Internal Revenue Service will be raised from $10,000 to $10,500. This limit
refers to the maximum amount of pre-tax salary that you may legally defer
in a given calendar year. Please note, depending on your situation, your
contribution limit may actually be lower than $10,500. Or, you may be able
to contribute more than this limit due to a special catch-up provision.
If you currently participate in the Basic Tax-Deferred Annuity Plan,
a personalized calculation for calendar year 2000 will be sent to your home
in late January. Questions pertaining to your calculation (for both Vanguard
and TIAA-CREF participants) may be directed to TIAA-CREF's Tax-Deferred
Annuity Calculation Unit at (800) 842-2733, extension 2929.
- Also effective January 1, 2000, the maximum compensation limit as set
by the Internal Revenue Service will be raised from $160,000 to a new limit
of $170,000. Federal law limits the amount of compensation that may be
taken into account for purposes of calculating your contributions in any
given calendar year.
To Participants in the Keystone HMO and the UPHS Point
of Service Plans
- Please note that effective December 1, 1999, if your dependent child
becomes ineligible because of age or loss of student status, coverage will
now end on the last day of the Plan Year (June 30) rather than the last
day of the calendar year (December 31). If you have any questions, you
may contact the Penn Benefits Center at 1-888-PENNBEN (1-888-736-6236).
--Division of Human Resources
Financial Planning: December 7-9
American Express will conduct a seminar Planning to Retire? Financial
Steps for Today. Learn what you can do today to plan for your retirement
tomorrow. All seminars will be held in 105 Williams Hall as follows:
Tuesday, December 7: noon to 1:30 p.m. and 3:30 to 5 p.m.
Wednesday, December 8: 10:30 a.m. to noon and 2 to 3:30 p.m.
Thursday, December 9: noon to 1:30 p.m. and 3:30 to 5 p.m.
To register, call 1-800-220-2190, Ext. 303 or e-mail email@example.com.
(Walk-ins are also welcome.)
--Division of Human Resources
The exhibit Treasures of the Chinese Scholar was in the December AT
PENN calendar in error, and is not currently at the University Museum.
Also, the tour of that exhibit that is listed in the calendar for December
17 will not be held.
Almanac, Vol. 46, No. 14, December 7, 1999
PAGE | CONTENTS
Shopping 1999, Part One | COUNCIL:
State of the University, Part Two (Barchi & Conn) | TALK
ABOUT TEACHING ARCHIVE | BETWEEN
ISSUES | DECEMBER at PENN