HR Update

Saving for retirement
What an extra 1% can do

Did you know that just 1% extra per paycheck can lead to thousands (or tens or hundreds of thousands) more dollars to help you enjoy retirement? For example, if you’re 28 years old and make $50,000 per year, adding 1% of your salary (less than $10 a week) to your retirement savings could add more than $160,000 to your nest egg when you retire.*

Use this Fidelity tool to see what a 1% increase could do for you, and sign up for a plan or modify your contributions here.

*See Fidelity tool for disclaimer.

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If an employee is interested in attending U of M Day at the Capitol, the supervisor would need to support it, and the employee will need to take vacation time to attend.

Reminder and resources to help remain in compliance with new bargaining unit new employee orientation requirements.

Language to use in Graduate Assistant appointment letters in 2024 until a contract is reached.

ELR Liaison Staci Darling named UReport Coordinator

HR Leads should use this chart to guide you in who to contact at ELR in early 2024 while the team fills several positions.