Some things to consider before you receive your lump sum in November.
If you don't put your November HOA Lump Sum into a tax-deferred retirement account, your withholding tax from that paycheck may be artificially high. Meaning, the more you make, the more you are taxed.
The more allowances an employee claims on their W-4 (Employee's Withholding Certificate), the less income tax will be withheld by the employer, increasing the employee's take home pay.
How much withholding is enough? As a general rule, it's the amount of income tax withheld so that no taxes are required to be paid at the end of the year. This is where you need to determine whether it is better to have cash on hand in November or get a refund at the end of the year.
If you decide to take your bonus as cash, you may have too much withholding tax taken out, you may want to adjust your withholding for the month of November. If so, go to Wolverine Access and click on the Faculty and Staff tab, select Employee Self-Service, Payroll and Compensation, W-4 Federal and Michigan Tax Information.
UM Benefits Office representatives in the HOA lounge on October 17, and October 20 from 11 am to 1 pm to answer all your questions, explain your options, and help you fill out the forms, if you elect to deposit the bonus into the UM 403(b) SRA and/or UM 457(b) and defer the federal income tax.
The bonus is still subject to Social Security and Medicare withholding taxes.
What you need to know and who you should contact.
House Officer Call Rooms are a negotiated part of the Collective Bargaining Agreement. As such, they are to be maintained by the University and kept in good repair. Work orders have been entered into the Support Services Link to repair, patch, and paint, certain call rooms in University Hospital. Every effort will be made to notify you if a call room will be unavailable at a particular time. In such instances, the overflow sleep space maintained in the Med Inn should be utilized.
It is the University's responsibility to see that your personal belongings are kept safe by providing lockable bins with built-in locks. If you are using a call room without a secure bin or locker, you need to contact the HOA office, X69205 or email Robin Tarter.
It is understood that these rooms are for the priority use of House Officers at all times. Other staff are restricted from using on-call rooms. It has come to the HOA's attention that some of these rooms are being used by other staff, such as PA's, as clinical work spaces during the day. This is a violation of the CBA. However, if a complaint isn't brought to our attention, there isn't much that can be done to rectify the situation.
If items need to be purchased such as replacement chairs, bulletin boards, additional storage bins and/or lockers, or the locks on existing lockers or bins have no keys, please let the HOA know about it.
Work orders for appropriate signage has also been requested. Soon, spaces will be easily identified and you will be able to indicate when a room is "in use."
House Officers do have access.
The Collective Bargaining Agreement allows for all House Officers to access the UH 9th floor gym from 3 pm to 9 am every day. Your badge has been programmed into the card reader and unless the space is occupied by Psychiatry patients, you are allowed to use the gym.
Please let Robin Tarter know if you are having issues accessing this space and she will try to get it resolved.
Answers to your disability insurance questions on October 24.
Mike Flynn who administrates the HOA's Group Long-term Disability Insurance Plan will be bringing in Jimmy John's and answering your questions on Friday, October 24, between 11 am and 1 pm.
If your battery is running low, we can help.
There are chargers in the HOA office. If you need a quick battery charge for both Android and Apple products, stop in the HOA Office. We have the cables and connectors, only your device is necessary.