News

Lump Sum Distribution

What to keep in mind when reviewing the amount.

The lump sum bonus will be distributed in the November payroll at the end of this month.  You will likely see it in your account on Monday, November 27.

Please remember:

Tax-Deferred Contributions

Tax-deferred contributions are not subject to federal and state income tax withholding when deducted, but are still subject to FICA tax.

After-tax Roth Contributions

If you make an after-tax Roth contribution, the entire amount is subject to federal and state income tax withholding as well as FICA tax withholding when deducted. 

 

The lump sum amount is directly related to your House Officer level.  If you have any question regarding the amount of your lump sum, you will need to first contact the payroll office at (734) 615-2000.  If you still disagree with the amount, please contact Robin Tarter.