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News and Announcements

Important changes are coming soon to retirement programs for state employees

The West Virginia Higher Education Policy Commission (the Commission) has recently voted to approve important plan management changes that will benefit all participants of the Qualified 401(a) Plan, and the 403(b) and 457(b) Supplemental Plans. There is no action required from WVU employees at this time. 

Starting in mid-September 2019, the Commission will introduce:

Read Full Article: Important changes are coming soon to retirement programs for state employees

Additional “floating” holiday for WVU leave-eligible employees (July 5, 2019)

Today, Gov. Jim Justice issued executive orders declaring July 5, 2019 as an official holiday for State employees. The University has modified its holiday calendar to include an additional 7.5-hour “floating” holiday (pro-rated by FTE) for leave-eligible employees, effective July 5, 2019.

Beginning July 5, leave-eligible employees at all WVU’s campuses may request approval to use the floating holiday time – or any portion of it – through the MyTime leave system.

Read Full Article: Additional “floating” holiday for WVU leave-eligible employees (July 5, 2019)

Annual 403(b) Universal Availability Notice

West Virginia University (the "University") is a participating employer of the West Virginia Higher Education Policy Commission and West Virginia Council for Community and Technical College Education 403(b) Tax Deferred Retirement Savings Plan (the "Plan"). All employees of the University, including employees not eligible for benefits, can voluntarily elect to defer a portion of their wages to the Plan for retirement savings.

Visit the 403(b) Availability page for complete information. 

Read Full Article: Annual 403(b) Universal Availability Notice

PEIA Finance Board adopts Plan Year 2020 Plan

The PEIA Finance Board met on December 20, 2018, and adopted the Governor’s recommendations to the PEIA Task Force for Plan Year 2020, which begins on July 1, 2019. Discontinuation of the Healthy Tomorrows Program along with additional plan changes have been made. Visit the link to see all the changes.

Read the full PEIA news announcement.

Read Full Article: PEIA Finance Board adopts Plan Year 2020 Plan