Accounting Services Mission Statement
New for 2016
Payroll is pleased to announce that a second direct deposit account is now available! You can find the new form under Forms & How To, below right. You can also work with your current bank to set up automatic transfers between accounts at that bank.
New retirement savings plans are available in January, 2016! We are now offering Roth options for the 401k and 403b plans, and PERA's 457 plan, both traditional and Roth. If you've been putting off your retirement savings, now's the time to start! See below for further information and contacts for each of our vendors. Look under Payroll Information for Employees, and click the Optional Retirement Savings Plan link.
Here are the 2016 annual contribution limits for BVSD-sponsored tax-deferred savings plans. These amounts are the same as 2015:
- 401(k)/403(b) combined limit: $18,000
- 457(b) limit: $18,000
Employees age 50 and over are eligible to contribute an additional $6,000, increasing each limit to $24,000.
If you want to change your 401(k) or 403(b) monthly contribution, please fill out this form and send to the Payroll Office by the 20th of the month.
To change your 457(b) monthly contribution, call 1-877-816-0548 option 3, OR go online to www.gwrs.com. As a reminder, changes must be completed the month prior to the change taking effect.