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    Benefits News

    Columbia Benefits is pleased to announce that a new savings option will be added to the Voluntary Retirement Savings Plan (VRSP): Roth contributions. On and after July 1, 2014, you will be able to make Roth contributions, pre-tax contributions or a combination of Roth and pre-tax contributions.

    If you contribute to the VRSP today, you know that your current contributions are made on a pre-tax basis. This means the money you contribute is not taxed as part of your pay, but it will be taxable when paid out to you in the future.

    The new Roth contribution feature gives you another savings option. Roth contributions will allow you to contribute after-tax dollars from your pay to the VRSP and, so long as you meet certain criteria, these contributions and their investment earnings will be tax-free when paid to you from the plan.

    On April 23, 2014, all eligible faculty and staff will receive at your Columbia email address an overview of how Roth contributions work, and features to consider when deciding whether to save on a Roth basis, a pre-tax basis or both.

    Additional information will be provided at upcoming meetings, where Vanguard and TIAA-CREF representatives will be available to answer your questions.


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    Benefits News

    It Is Easy Being Green

    You don’t have to build solar panels and buy a windmill to be green. Habits such as recycling, bringing tote bags to the grocery store, and keeping your car tuned (or biking instead!) are simple ways to help the planet. April’s feature highlights information on living green, including resources on:

    Shopping green
    Driving green
    Eating green
    Going green at home

    Our featured monthly webinar is Simple Ways to Go Green. You don’t have to move into a forest to go green. There are simple and important steps you can take in your own home and office to make a difference to our planet. This webinar discusses many of them.

    To learn more and view this month's featured webinar, log on to www.hriworld.com. (Username: Columbia Password: eap)