All full-time College employees are eligible to establish a Flexible Spending Account (FSA) which is a tax savings benefit to employees.
The 2005 FSA enrollment forms will be distributed by College mail today.
Please note that all enrollment forms must be received by the HR Department by November 15, 2004. We will be unable to accept forms after that date.
Tax Deferred Annuity Salary Reduction Agreements for the 2005 year are also being distributed by college mail today. Unless a new form is filed, your 2004 tax deferred goal amount, up to the general limit, will continue in 2005. Should you elect to make a change to your goal amount or elect to contribute more than the General Limit, you will need to complete a new form. Forms received by November 15, 2004 will be processed in the first pay period of 2005.
If you did not receive the forms, they are available on the MCC Website or you may contact the HR Deparment to request them. Brochures are also available for the FSA in the HR Department.