Subject Matter Minute Blog – Page 7 – Covering Important Topics About State of Wyoming Employment

Subject Matter Minute, Episode # 11 – 457 Deferred Compensation Plan

The below post is taken from the Video Blog, the Subject Matter Minute. If it’s a little hard to read, it’s because it’s taken from the spoken word. You can view the episode on YouTube if you would like. Find it here: Episode #11 – 457 Deferred Compensation Plan

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version.

Hey hey hey! Welcome to another episode of the Subject Matter Minute, I’m Matt Nagy, thanks for joining me.

I haven’t asked for a while, or maybe not as much as I used to, but I’d really like it if you folks would subscribe to my youtube channel. At the bottom of every video there’s a big red button that says “subscribe.” So go ahead and click that now. All of you guys have a YouTube channel now associated with your Gmail, so it’ll subscribe you, and if you go into YouTube you might see the stuff that I post along the side. It also gives me some numbers just in case somebody wants a report generated and wants to actually know how many people are actually watching me. So I’d really appreciate it.

Last month there was no subject matter expert, because I was the subject. If you didn’t watch, it was a blooper reel. It seemed to go over pretty well considering it had the most views of any of my videos! Thanks for laughing with me, or perhaps at me. It was a lot of fun to put together and I’m glad you guys liked it.

This month the subject matter expert is, once again, Polly Scott of the Wyoming Retirement System. She got me the information, she’s very helpful… thank you very much Polly.

The subject of this month’s Subject Matter Minute is the Wyoming 457 deferred compensation plan.

First of all, what is it. It’s a retirement plan. We have our pension, which is probably top two of the best benefits that we have as state employees, and that’s most likely the thing that’s going to get you the most towards retirement. And then we have social security, which hopefully we’ll have at that point. But generally speaking, you’re going to need some extra money put aside of your own money to have a comfortable, sustainable, retirement. That’s what this is… the 457 deferred comp plan is a retirement vehicle for you to put your own money aside.

Why would you want to do it? First of all, if you’re not doing it you’re losing $20 a month! All state employees of the executive, legislative, and judicial branches, for sure, will get a match of $20 a month if you put in $20 a month. So if you simply do the minimum of $20 a month the state matches it. If you’re not doing it, you’re losing $20 a month, so please do it for that reason at least.

There’s lots of other good reasons.

It’s easy. The money comes automatically out of your account and like other similar things you can get it taken out pre-tax or post tax. If you get it taken out pre-tax, it reduces your taxable income. If you get it taken out post tax, you can take the money out in retirement tax-free.

Another good reason to use it is the money is immediately yours… you’re immediately vested. So right away after you put money in. If you leave your job you can keep that money in that account.

Also, you decide how the money is invested. Well, if you want to. There’s actually three different ways to do this and I’ll go into those later.

Some of the details: You can contribute a minimum of 20 and a maximum of $18,000 a month. There are situations when those getting close to retirement can contribute more than the maximum of $18,000 a month. If you’re in that situation please contact WRS.

You can also add money to this account by rolling over accounts… so other IRAs or 457 s from another job can be rolled into this account.

When you leave employment you can either keep the account; keep logging in and managing the account, or you can roll it into an IRA or a or another jobs 457 plan.

Keep in mind that this is not a savings account, this is a retirement account, which means that you can’t just withdraw money. There are certain scenarios where you can. First of all, obviously you can withdraw money when you retire. That’s the natural scenario. Second of all, you can when you leave employment with the state. Now keep in mind if you do that you’re gonna be hit with some fees and some taxes. Another scenario where you can withdraw the money is if you have an unforeseen financial emergency. The IRS says that this is a severe financial hardship resulting from illness, disability, or accidental property loss. So in this scenario we’re not talking about paying off your home loans your car loans or things like that, it’s more like if your home is about to be foreclosed on or if you have a bunch of uncovered medical expenses. If you think that you’re in that scenario talk to Wyoming Retirement System and they’ll help you out. There’s one more… it won’t benefit you much, but if you were to die, your beneficiary can withdraw the money.

Now let’s talk about your involvement in these funds. There’s three different ways you can be involved. First one is not involved at all. This is a pre-mixed target-date fund. Basically, you pick a fund that ends right about when your retirement is going to happen, and then the pros take over and they mix a nice diversified portfolio that as it gets closer to your retirement, becomes more and more conservative. That’s number one… hands off.

Level two is a mix-your-own fund. You have access to several funds that the Wyoming retirement system has put together and you decide which ones you use. You can have them all in the international fund, or you could have them all and the bond fund, or you can mix and match. So you have some involvement there.

Level three is a self-directed brokerage account. This is for the pros, and it’s done through TD Ameritrade. If you’re interested in doing that, go ahead and talk to Wyoming Retirement System, and they’ll get you set up. There are fees associated with these things… there always are. These are very low. The Wyoming retirement system board is tasked with finding low-fee, high quality investments, and that’s what they do.

I think that’s all I’m going to cover this time. I could go on and on about investing I suppose, not that I’m a pro, but I’m looking through the Wyoming Retirement System information and there’s just so much stuff! But we’re gonna keep it to that. Just know that you should definitely be investing at least twenty dollars a month in the 457. If you are a state employee that will be matched by the state, please put the $20 in and make an extra twenty.

Don’t forget to look down on the show notes where you’ll find links to all sorts of important stuff including an enrollment form. If you just want to jump in and do that target date fund, go down, find the link, and enroll. All right, thanks for watching! Remember again to subscribe to my channel and I’ll see you next time on the Subject Matter Minute!

Subject Matter Minute, Episode #9 – Retirement Goal Calculator

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #9: Retirement Goal Calculator.

Welcome to another episode of the subject matter minute. I’m Matt Nagy, thanks for joining me.

Sometimes here I say “hello fellow state of Wyoming employees,” but I
got to admit, I’m feeling a little bit lonely right now. Last episode, I asked
you guys to post your favorite hair band, or a hair band concert from the 80s down below, and I got exactly zero responses. So it could be a couple things here…either I am the only gen Xer out of the 900 or so of you that watched the video, or perhaps you’re embarrassed to admit that you liked hair bands back then? I know there’s a lot of people that make fun of that era but you know music is what it is… If it makes you feel good you like it, and it made me feel good. I loved it!

So you can go back to that episode and comment if you want to or,
you know, no pressure… you don’t have to do that at all, but I’m hoping I’m not the only gen Xer out there!

Before I go on I want to thank last month’s subject matter expert, which again was EGI. Thanks guys for getting me the information.

Today’s subject is actually a tool. I’m going to show you the retirement goal calculator!

The retirement goal calculator. This is a sweet tool put out by the Wyoming retirement system just a month or two ago that can help you decide if you have enough money saved for retirement. Obviously, this month’s subject matter expert is the Wyoming Retirement System. Specifically Polly Scott. She was the one who pointed me in the right direction for this and thought that this would be a great thing to show you guys first. And, she answered some of my questions, so thanks Polly for helping me out!

I’m gonna take you there, show you how to do it, and run you through a couple scenarios. The nice thing about this thing is that it’s simple and that you don’t have to go find your taxes and financial information and input all this stuff. It does some figuring for you and it keeps it simple.

Here’s the retirement goal calculator. You find it by going to this URL: http://retirement.state.wy.us/en/DC/Goal-Calculator Once you get there scroll on down. It’s really quite straightforward. I’m gonna throw in some numbers just to show you how it works.

First Step in Retirement Goal Calculator — Please click image for larger version

Let’s just say my current annual income before taxes is $45,000. That’s your annual income. I’m pretty sure that I’m gonna need 90% of that in retirement. How many years until you retire? Basically it’s about 15 years in reality so let’s put that in. How many years do you estimate that you’ll be retired? Well, considering that I have a 99 year old grandpa who is still building houses at this point I’m gonna say at least thirty. Thirty is the max in this calculator. Once you fill those in you can see your retirement goal is $40,500, which is ninety percent of $45,000.

Please click image to see larger version

Let’s go to the next step. This is social security. This is kind of an estimate, but as you can see here, it gives you some numbers. Mine’s between twenty and fifty thousand, so let’s just say that maybe you know my income will go up a little bit and by then I’ll have fifty thousand a year… let’s say twenty five percent. Now you can see once you do that it fills in a little bit of this graph over here. So right now you’re getting $11,250 a year. You haven’t quite made it there.

Now let’s go to the next step. At retirement, how many years will you have been employed? Basically, I will have been employed 33 years if I stick it out with the state. This is the one thing you do need to know… which tier you are in. I’m a Tier two employee because I came in late.

Please click on image to see a larger version

Oh my! Based on my inputs, I should exceed my desired income! You can see it right here… my retirement goal was $40,500, and my estimated retirement income will be $40,950. That’s basically because of the years of service.

Please click on the image to see a larger version

Now I’m gonna adjust my goal. This time let’s do a scenario where I am not saving enough money and will need to save more. Let’s do $45,000 here. Let’s say that I want a hundred percent of my income. I’m going to still say fifteen years till I retire and I’m still going to want that to last thirty years.

Let’s go to the next step. Let’s do the same thing here… 25 percent.

Next step. Let’s just say that I’ll only have been employed for twelve years, and that I’m still a tier two employee.

Next step. Now there’s another step that wasn’t there when I was saving enough money. Now they want to know how much you’ve saved in retirement on the side. I’m gonna say $10,000 in an IRA or something like that. You know the rate of return is usually like 7% to 8%, let’s just say 6% to be safe.

Next step. Okay, I have not saved enough money by any means! You can see that I’m about halfway there. When I retire I’m only gonna be making $22,000 every year and it gives you a number that you’ll need to save every month until retirement. Hopefully yours isn’t nearly as shocking as that number!

So run some scenarios, change up how many years you work for the state or how much retirement you have saved on the side, or whatever… just run some numbers and see where you’re at. Hopefully this will help you out.

I hope you found the retirement goal calculator useful. Hopefully when you put your numbers in there you were really close to having what you need or maybe even over, and if not, you know you can talk to the retirement folks about the deferred compensation, or find some other way to invest the money.

Thanks again to Polly Scott of the Wyoming retirement system! I want to thank her for getting me the information, and for putting together the
calculator, and I’m sure we’ll be talking to her a lot more down the road about more stuff! That’s it for this subject matter minute, have a great day and we’ll see you next time!

Subject Matter Minute, Episode #8 – Short & Long Term Disability Insurance

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #8: Short & Long Term Disability Insurance.

Hello, and welcome to another episode of the Subject Matter Minute. If you’re new here, my name is Matt Nagy and I work for A&I… more specifically HRD or Human Resources Division. I’m a trainer. Thanks for joining us, and if you like what you see in here, please pass
the word to your coworkers!

Before we get started… like usual, I want to thank our subject matter expert from last month who was Employees’ Group Insurance, or EGI. We’re gonna be hitting them up a lot… they are going to be my subject matter expert a lot because they deal with a ton of our benefits. There’s some other stuff but they are the go-to for a lot of them, so thanks again EGI, your a whole crew down there… appreciate what you’ve been doing and appreciate your hard work!

I want to go into my background a little bit again. I am a child of the 80s. I went to high school in the 80s… graduated in 88, so you know what that means? Yes, I loved hair bands… big time. I still do to a certain extent. I was in Casper a lot because Casper was the cultural hub of the hair band era! They somehow brought in all the bands that mattered… we’re
talking Slaughter, Cinderella, Guns and Roses, Bon Jovi… they brought them all in. So I was in Casper and I probably rubbed shoulders with a bunch of you folks out there! You know it’s true, we all loved them.

Bon Jovi – One of many hair bands that rocked the 80s!

At the time, a lot of people had really long hair. I was too lazy to grow out long hair so instead, I did with a lot what a lot of lazy people did at that time and I went with the mullet. Yeah pretty hot…

And, if you ask my wife or a lot of my friends they would attest to the fact
that I kept it all at way past its period of usefulness… way past when I
should have. However, I really liked it, I enjoyed having some hair, and now since I don’t anymore…

Eventually I’ll probably be blading it all off because this is getting really thin… it’s that natural progression.

Big shout out to the Casper folks and the Casper Event
Center for getting me in trouble in my youth and allowing me to sneak off to concerts… it was a lot of fun.

All right we’ve got to get to the subject at hand… this month we’re going to be covering short term disability and long term disability insurance.

First, like usual, I need to thank this month’s subject matter expert which, again, is EGI or Employees’ Group Insurance. This is another one of the items in their boathouse. Especially Pam… Pam helped me out, got all this information to me, and i really appreciate it… thanks Pam.

Basically short term disability and long term disability insurance will cover your income in the case of you getting disabled in one way or another. I think I’d better clarify and say that actually they cover a portion of your income, but I’ll get into that later. If something happens, and you’re unable to work, what would you do without
a paycheck? That’s what this is for.

First, let’s go over how it works. Let’s talk about short term disability. Short term disability will cover your income up to 66 2/3 percent.. don’t ask me why it’s that strange number. 🙂 It starts at 14 days after you
become disabled. It’s short term in that it covers the short term. It starts at 14 days and goes through a hundred and eighty days, which is six months. There is a cap… I believe it’s $1,500 a week or six thousand dollars a month. This doesn’t really come into play for most of us because if you’re making six thousand dollars a month at 66 2/3 percent you’re making good coin… congratulations! But most of us don’t need to worry about the cap.

Long-term disability is just what it says… it’s for the longer term. If you have both short term and long term, long term starts when short term ends. Short term ends at six months (180 days) and that’s when long term disability starts. If you don’t have short term then long term starts at six months. It can go up to three and a half years but that depends on your age. If if that comes into play, go ahead and look down in the notes below the show and you’ll see how it breaks down. Basically, as you get older, the long term disability lasts a shorter amount of time.

There’s some differences… long term disability is at sixty percent of your income, so you’re making a little bit less. The premiums are less as well. You’re only getting sixty percent of your income. The cap on long-term disability is sixty-five hundred dollars a month, so a little bit more, but again, if you’re reaching that… good for you! Most of us are not.

As a quick recap short-term disability pays from fourteen days after the disability to six months, and it gives you 66 2/3 of your income. Long term disability starts at six months and goes to potentially three and a half years at sixty percent of your income.

I need to back up a little bit… if you sign up as a new employee within 31 days of eligible eligibility, you’re good to go, but if you don’t and you decide to sign up later, there’s a couple differences. With short-term disability, if you get disabled in the first 12 months then you’re going to have a 60-day waiting period in that first year… just for signing up after the 31 days of eligibility.

The difference with the long term disability is substantial in that if you don’t sign up as a new employee in that 31 days – you sign up later – you have to go through the company that actually gives us this insurance, and you might get turned down. So it pays, if you think you’re gonna need these sorts of things, to do it when you’re a new employee within the first 31 days.

A couple more things… first of all your premiums (premium calculators: Short Term / Long Term) come out post-tax so these aren’t lowering your taxable income… they come out after tax. But when you get paid, if you’re disabled, that money is untaxed income. There’s a trade-off there I guess.

There’s one more item that I forgot to mention early. With short term disability you have to use up all your sick leave first. So really, short term disability is for somebody who has a low accrual of sick leave or uses it often enough that it’s always gonna be a low pile of hours. You are going to have to use that sick leave first and that shortens the amount of time that you can do short term disability. If you are unable to keep a nice balance of sick leave then short term disability is a good idea; if you have a ton of sick leave, which a lot of longtime employees do, long term disability might be a better idea. So once again here is a link (short term / long term) to figure out what your premium would be for both short term and long term. It’s not very expensive… especially long term. I think I figured out mine was six or seven bucks a month or something like that, and of course it’s based on your income and your age.

I think this episode is a little bit shorter than they’ve been in the past (shorter? not even close) I hope I got you all the information that you need. If not, look down on the notes first because we’re gonna post some more stuff down there. You can also call EGI with questions

Feel free to comment below. Feel free to email me. If you have questions, make sure you get them answered.

I think that’s good for this month. I’ll see all you eighties children and the
rest of you next time! Please come back and see the next episode and thanks for watching the Subject Matter Minute.

Here is the full episode!

Subject Matter Minute, Episode #7 – Medical Reimbursement Process

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #7: Medical Reimbursement Process.

Before I get started on this month’s subject I want to talk about the Eclipse. I know that’s kind of a dead horse that’s been beaten in Wyoming, but I was lucky enough to see it in totality, and it was amazing. It was unexpected. I know you’ve heard this from your friends if you didn’t see it in totality but if you didn’t, you need to go chase it in seven years when it goes across the states again! It was super cool.

I was lucky enough to be a part of a big group at Glendo. Ten months ago we reserved three group sites. You had to do it ten months ago, and we had to kind of stay up all night trying to get in, but we did. I was thinking, “what’s what’s the big deal?” I also thought it was kind of expensive. I just wasn’t all that excited, but I am so glad we did.

You know how everyone was saying there was going to be thousands and thousands of people there? Well there might have been, but as you can see by this picture… all of these people are my friends. This is during the Eclipse, during totality, or really close to totality… there is nobody on the beach but us. So we got lucky.

Wyoming Eclipse Group of Friends

Also, when we reserved that campsite, they forced you to do four nights so we didn’t leave till Tuesday morning. We didn’t hit any of the traffic. That being said, I think that 90% of the folks that got stuck in traffic for hours would probably say it was worth it. Again, I thought it was completely unexpected and amazing… the totality part… the rest of it was “meh.” So next time, seven years from now, chase it and go find it!

I’ve got to get to the subject matter because it is a little bit long again. This is a continuation from last month’s episode. I need to thank the subject matter expert, which is EGI (Employees’ Group Insurance), they are also this month’s subject matter experts. Thanks again to EGI.

This month I’m gonna go over the medical reimbursement account process. You use the medical reimbursement account to pay for out-of-pocket expenses. Of course, you’re gonna need documentation/proof that you had these expenses, so we’re gonna go over that… that’s what this is about.

There’s a couple ways you can do this… kind of the old-fashioned way, where you hand in papers, or submit by email, and there’s also a new online portal to submit all your documents. Whichever way you decide to do it, there’s a few things you need. You’re going to need the reimbursement claim form. (It has a much longer name that you’ll see in a few) You’ll need that claim form filled out. You’ll need supporting documentation… most of which is EOBs or explanation of benefits, and receipts and the like. And then for daycare, you’ll either need an itemized receipt or you can have a signature of the provider on the claim form. I will show you how to do that.

First, I’m going to show you how to gather all your stuff, then I’m going to show you how to do it the paper way, and then I’m going to show you how to do it on the online portal.

Let’s go find our EOBs, or explanation of benefits, on the Cigna website.

Go to mycigna.com, and go to the login page. If you don’t have an account, or if you’ve never done this before, you’re going to need to register. You will probably need your insurance card because you’ll need some of that information. Go ahead and do that and then you can log in.

Go to “manage claims and balances” and then down to “claims.” It’s
just showing claims for me (Matthew Nagy), but you can also go to all customers if you have more than one person. Right now I’m looking at this year… if you were doing this the following year, before March 31st, you could do ‘within previous year.’ Since I’m in the middle of the year still, I’m going to look at this as if I wanted to cash out early. Next, hit apply and now you can see everything.

I know some of you might be freaking out that I’m showing this but I really don’t care if you see who my doctors are. 🙂 So now this shows everything. You can see how many providers I’m going to have to list. First of all, this one I owe nothing, so that one’s not going to
be listed. This one we owe nothing, so that one’s not going to be listed. Only the ones that you owe on are you going to be listed. So it looks to me like we’re going to have four providers. As I mentioned before, you
can group them on the flex form. With Bressler, I would put the date range from May 26 to June 9th, and add these all together for the for the money line.

Now let’s talk about how you get your EOBs, because that’s why we’re here.

If you want to get your EOB, you click on their name and that takes you to the information page, and you can see the EOB right here. Now
what I do is right-click on it and open it in a new tab, because if you just
click on it, there is an issue. It opens it up in the same window. If you’re doing it paper-based you would print it, and if you’re gonna submit it online then you would download it now.

Now I’m gonna show you what happens when you go back when you
just click on it. You have to reload the page and continue, so that’s why I suggest that when you go to the EOB you right-click on it and open it in a new tab. Then it just opens it in a new tab and when you’re done with it you can close that tab.

I mentioned that you can group things but you’re still going to have to go into each one and print or save the EOBs.

So you go through all these… you print them or you save them, and you’re ready to go either to mail stuff or to drop it off down at EGI in Emerson or to upload it to the employee portal.

Now that you have all your EOBs in line, let’s go through filling out that form.

Here is the medical reimbursement and dependent care account claim form. That’s a mouthful! It’s pretty straightforward to fill out the upper section: agency name, agency number, your social, your name all that jazz. If it is a new address please check the box so they can update their records.

The medical reimbursement section is here. As I mentioned, you can combine sessions for the same doctor. If you have 4 different sessions to a doctor, you can go ahead and put their name in once, and the date range that those happened in. Then add all the money together for the amount box. Then add them all up and put the total in the total area.

The dependent day care reimbursement area down here is slightly different in that you need to get the tax ID of the provider and the name. Then add the date and the dependent that is being taken care of and the amount. You also either need an itemized receipt from the provider or the signature from the provider for the day care.

Skip the ‘office section only’ and go down to the bottom where you’ll sign it and date it. There’s a lot of good information in here… please read it because there’s instructions about how to submit stuff, and some of the rules associated with this.

So you have all your EOBs, you have your claim form filled out, now let’s go to the online portal and show you how to submit things that way.

You can find the employee portal on the egi website. Typically, you’re probably set up with egi with your state email, so just like other things that you login to (like Wyotraining and those sorts of things) you’ll log in with Google. Choose your state email and then you’re into the portal. It may make you do the two-factor authentication to get in, and you may have to get a number off your cell phone… so do what you have to and you’ll log into the portal…..

PLEASE WATCH THE VIDEO ABOUT THE ONLINE PORTAL. THE TEXT ALONE IS VERY HARD TO FOLLOW. IT HAS BEEN DELETED.

We’ve got to end it here! Sorry these have gotten so long. I’m going to try to find some short subjects in the future, but you’ve got to cover everything sometimes. Thanks for joining me once again, and I look forward to seeing you guys next time on the Subject Matter Minute!

Here is the full episode!

Subject Matter Minute, Episode #6 – Flexible Benefit Plan

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #6: Flexible Benefit Plan.

Hello fellow state of Wyoming employees and welcome to another episode of the subject matter minute. Thanks for joining me.

I hope you have gotten some use out of the first 5 episodes that I made, and…. I hope that you got to see the last one on Google Hangouts. I want to say thanks again to Summer Wasson for giving me the information and helping me out on that.

I gotta say that I know that this subject matter minute thing is getting pretty serious because I ironed for you today. 🙂 Clothes that need ironed, are a lot like dishes that can’t be washed in the dishwasher for me. If you can’t wash a dish or an item in the dishwasher, it’s dead to me… might as well throw it out, it doesn’t get used. Clothes that need ironed are kinda the same way. They stay in my closet, or I get rid of them. Now typically this shirt doesn’t need ironed, I don’t know why it was wrinkly, probably poor work on my part during laundry, but I ironed for you guys and I guess that means that you mean a lot to me!

As I mentioned last time, I want to give you a little bit more about me each time. This time I just want to talk about my family a little bit. I’ve got 2 daughters, they are… this coming year, going to both be in high school. 14 and 16 year olds…. Freshman and a Junior. And I’ve got to say that I’ve been pretty lucky so far, they are good kids, um… way better than I was in high school, so I’m counting my blessings at this point. I know that can change on a dime but, so far so good. Also, I’ve been married to my wife for 23 years. She is also a Lander-ite, I actually dated her in high school, believe it or not… We haven’t been together every since, but we dated in high school, got back together. Been married for 23 years… it’s been a great run.

Matt’s beautiful family at the Jason Derulo concert at Frontier Days 2017!

That’s it for the stuff about me cause this episode is going to be a little bit long I’m afraid, cause there is a lot of information. But it’s very important information, and… I think something that you all need to consider. The subject today on the subject matter minute is the State of Wyoming’s Flexible Benefit Plan.

Alright, the Flexible Benefit Plan. I guess it’s also known as the cafeteria plan, flexible spending account, or the 125 plan, just in case you’ve heard of those. But, for all intents and purposes, I think most people might know of it as the blue sheet plan. Because every year you’ve got to fill out that blue sheet that is the flexible benefit plan.

First of all I want to thank this months subject matter expert, or experts…. it’s the folks down at EGI. Specifically Debra Vaughan and Pamela Unruh. They got me the information, and hopefully I do it justice. It’s a lot of great information. Thanks Deb and thanks Pam, I appreciate it.

Really there are 3 components to this, and that’s all on that blue sheet that you see. First of all, it allows you to elect to have your health insurance premiums taken out of your pay, pre-tax. That’s one of the things you’ve got to do on the blue sheet.

The second component is a medical reimbursement account. This is an account that allows you to take money out of your pay, pre-tax, and you can use that money, through out the year, on medical expenses. Typically medical expenses that your insurance doesn’t cover. You can put up to $2500 a year into that account, you don’t have to put $2500, you can decide, and it’s a monthly allotment.

So, most people will have that, if they choose to. There’s also one for folks who have a high deductible health plan, and a health savings account. Theirs is called a wraparound medical reimbursement account. It’s very similar, but the difference is these folks can’t use the money in that account for items such as….. the deductible expenses, or the drugs. You can only use it for things that are truly not covered by health insurance, which is things like vision, dental, orthodontics. So those are the folks with a high deductible insurance plan. That’s still a medical reimbursement account, it’s just that they have a slightly different one.

The 3rd component of the flexible benefit plan is dependent daycare reimbursement. You can get reimbursed up to $5000 in a year, for daycare expenses. Same deal, you’ll sign up for it, they will take the money out monthly, up to $5000 that you can put towards daycare.

I’ve explained the components of it, and at this point your wondering, ok, this is all my money… and then you are putting it in an account…. what’s the point? The point is that all of this money comes out of your check pre-tax. So, it reduces your taxable income. So the less money you make in the government’s eye, the less tax you pay.

Let’s run a little scenario. Let’s pretend I have 2 kids that are still in daycare. They are in high school, but let’s say they are in daycare. If you have 2 kids in daycare, it’s going to easily be $5000 for the year. So, you do that maximum, and they take out $5000 pre-tax. Then you know that with a family of 4, like I have, we typically have… with orthodontics, vision and all these other tidbits… we are easily going to have over $2500 in extra medical expenses. So we max out our medical reimbursement account. That’s $2500. Then I check the little box that says “take out my health insurance premiums pre-tax.” I was going to check on this, but I forgot to, and I don’t know what my monthly is, but let’s just say it’s $300 per month. For the family… that’s going to come out pre-tax. So you have the $5000, you have the $2500, and then you have $3600 in health insurance premiums. We are talking almost $10,000 reduction in your taxable income. Now that’s a big deal. And it could even be a bigger deal … I’m not an accountant… but if it was to put you down into a lower tax bracket, it could be a very big deal. So you are saving on taxes. That’s why you want to do this.

There’s other reasons. One of them is that with the medical reimbursement account, you can use that money any time during the year. You sign up for it. Let’s say you decide on $1200 for the year. $100 a month. If you decide that you want to get lasik surgery in March, you can go ahead and pull that whole amount, even though you haven’t actually had it taken out of your checks yet, and pay for your lasik surgery. So you can do it at any point.

Now it’s different with the childcare… You actually have to have the money in your account before you can use it. Federal rules on that, or the IRS. With the childcare one, you have to have the money in the account before you can actually have it withdrawn and paid for.

There’s a very important piece of this that you need to know and keep in mind when you are signing up and choosing the amounts you want to do. This program, both the medical reimbursement and the daycare reimbursement are “use it or lose it.” That means that if you decide to take out $5000 for your daycare, and one of them ends up not being in daycare, and you only spend $3000, you’ll lose $2000.

I know that sounds mean and seems wrong, but on the flip side, if for instance, you sign up for $100 a month, cause you are going to get lasik in February. So you pull all that money that you haven’t yet taken out of your checks. Pull all the money for lasik surgery in February, and then you quit your job in March, the State loses money. So there is risk both ways.

So you sign up for all this… you get all the appropriate paper work done… which, btw, I will have another episode on how to submit all this stuff. It’s just way too much information for this one. You submit it all, you go through the process, and “boom,” you’ll get a check from EGI.

Which brings up another thing. You can do it in any fashion that you want. If you have $2500 in the medical reimbursement account, you can turn in your paperwork monthly and get monthly checks, or, like I do, you can wait until the end of the year, and get a big check. If it’s little things along the year that you are paying for and you can go ahead and do that, it’s kinda like a savings account for you in that if you turn in everything at the end of the year, you will get the total at the end. It’s a chunk of money, it’s nice.

That’s another benefit… you can kind of consider it one… it’s automatic savings for something that you are going to have to spend money on anyways. I don’t know how you guys are, but for me, it’s really hard… even if I know I’m going to have lasik in October, I can say that I’m going to save for it, but the odds are pretty good that I won’t. And then I’ll have to slap it on a credit card. So this is a way of doing it. They do it automatically, it’s there, you can use it at any point.

On that… the timelines. If you are doing a medical reimbursement for the year 2016, you have until March 31st of 2017 to turn in the paperwork. So, the following year, at the end of March, is when you have to turn in all the paperwork.

So, I talk fast… seems like a lot of information. I hope that you can tell that I think that this is a very good idea. Reducing your taxable income, paying less in taxes, and allowing them to put aside the money for you. Doing it automatically. Being able to pay for things up front. Even when you don’t have the money in the account yet. All these things… Great benefit for the State of Wyoming. Use it if this is something that you are going to spend money on anyways. Unless there is something your accountant says otherwise, definitely get your health insurance premiums taken out pre-tax, and reduce your taxable income.

That’s my financial advice, I am not a financial advisor, but this is what I think, my personal belief.

Thanks for joining me and I’ll see you next time!

Here is the full episode!

Subject Matter Minute, Episode #5 – Google Hangouts

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #5: Google Hangouts.

Matt here… welcome to episode number five of the subject matter minute! First thing you might notice is that I’m not exactly dressed up… but I have a new favorite shirt and I really wanted to wear it. I also have my new favorite t-shirt on underneath.

I’m not dressed up, but I have cool shirts. 🙂

Enough about what I’m wearing. 🙂

I watch a couple video blogs occasionally and one of the things I’ve noticed about them is that I start to feel like I know the person. So I thought maybe I would, over a series of these, give you little tidbits about me, about my past, you know just a little personal stuff… not too personal of course, but something about me so you feel like maybe you know me a little bit better.

I was born in Oakland California, and yes, that means I’m a Raiders fan. If you don’t like football, sorry about the football reference, but most of you do and you probably hate me now. I understand. However, I at least come by it honestly. I was born in Oakland. I wasn’t there very long before I moved to Washington State for a couple years and then by the time I was in kindergarten I moved to Lander Wyoming. So I’m a Wyoming-ite. That’s what I remember, it’s what I know. I grew up in lander and then came straight to Laramie and I still live in Laramie. I don’t know how much that helps you get to know me, but at least you know where I’ve been.

I want to give a shout out to the Fremont County folks in Lander! Hopefully there’s a few of you, or a couple of you that actually watch this. Love Lander, Love Laramie, and love Wyoming. I’ll probably be here forever.

Now let’s let’s get into the episode! First of all, I want to thank last month’s subject matter expert, which was Russell Webb. He got me all the information I needed and you’ll actually be hearing some other episodes with information from him because he’s got a lot of good stuff in his melon. Thanks Russell… appreciate it!

Now let’s get onto this subject, which is a little bit more techie… it’s Google Hangouts. First of all, I want to thank this month’s subject matter expert which is summer Wasson. She works at ETS along with Alan Cummings and they do all this sort of techie stuff there. They know everything there is to know about the Google tech. So if you have questions, ask them. They can tell you what kind of camera to get, what kind of microphone to get, how to set up anything in any fashion.

I’m going to go through it in a screen share, and show you how to do it the simplest and probably the best way. let’s go ahead and jump into the computer and run through the process

The state of Wyoming has an account with Google that allows up to 25 people in a video or phone call hangout, and they’re extremely handy. Especially for people like me, who do a lot of remote work, but for anyone, really. If you live in the same town but are in different buildings, it’s nice to be able to see each other and talk things through. Phone calls are nice and all, but if you need to share a document or show them what you’re doing or work on a Google Doc together, Google Hangouts works really well.

Google Hangouts start screen — This is what you will see at Hangouts.google.com when you are logged into your email.

There are many ways to get one going. One is at Hangouts.Google.com. When you’re logged into your email this is what you’ll see. You can see that you can start a video, call start a phone call, or do the messaging. I think the best way to do this is through Google calendars. Everybody’s got Google Calendars because it’s tied in to your email and it works really well.

Google Calendar creating an event — You can create an event in Google calendars either by clicking the red “create” button or by dragging within the calendar.

Every time you create a meeting within Google calendars it creates a hangout. There’s a couple ways to create a meeting, as you probably know… one is to click create and fill out the information. The other is to just drag on the calendar, which I think is the easiest way. Then click Edit event and you’ll see right away that there’s a video call involved. Every one of them has a hangout added to the meeting. So you fill out your information… all the times are already there as well as the date because you did a drag within the calendar to create it.

Then you can change the name of the meeting, because this is kind of generic. It only accepts a certain amount of characters. Make it unique to this meeting, and hit return.

Change the name of the hangout — It’s important to change the name of the Hangout as there may end up being more than one with the generic name.

Then you go ahead and add guests. The nice thing about hangouts nowadays is you can invite people from the state and you can invite people from outside of the state. Go ahead and click Save. Invite your guests. Send invitations to them, and now everyone who has this meeting or event within their calendar can go to the Hangout.

Adding guests to a Google calendar event — These are the steps for adding people to your Hangout/calendar event.

When you click on the hangout link you will see the below screen. It will open up a new window, and you’ll see yourself because you’re the only one in there at first. It says, “you are the only one here. Ready to join Tim’s project?” Go ahead and click join, and then if there’s somebody else in the project their face will show up.

Click ‘join’ when you are ready to start or join the hangout.

Now you know how to use Google Hangouts! It’s an extremely useful tool because it’s really nice to see people’s faces. It’s handy for sharing documents and that sort of thing. Again. I want to thank Summer Wasson for giving me the information and being the technical wizard that she is, and I want to thank you guys for watching episode number five of the subject matter minute. See you next time!

Here is the full episode!

Subject Matter Minute, Episode #4: Grievances

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #4: Grievances.

Hello, and welcome to another episode of the subject matter minute! Thanks for joining me. My name is Matt Nagy, and I work for A&I… specifically human resources division. I’m a trainer. Welcome to episode number four.

Before I go into that topic, I want to thank, once again, the subject matter expert from last month’s episode. Her name is Karla Smith, she’s fabulous, I work with her and she runs the mediation program for state employees. So if you have a problem that needs mediated… first of all, go watch episode 3 and then call, email, or chat up Karla.

Without further ado, we’re going to jump right into the episode number 4 topic which is grievances. First of all, I want to thank Russell Webb who works for hard and is the grievances and appeals guru. He is my subject matter expert for this episode. He got me the information, and it did it quick, so I want to thank you Russell.

Grievances are a dispute between you, the employee, and management. The dispute is about a statute, a rule, an executive order, or a policy concerning personnel practices or working conditions. I know that is a bit of a mouthful, but it’s important because there’s a lot of things you can’t grieve. So grievances specifically are about, again, a statute, a rule, an executive order, or a policy concerning personnel practices or working conditions. These are the things you can grieve.

Things you can’t grieve are:

Things that are out of the control of the agency head; things like compensation benefits, contributions, those sorts of things.
Discrimination
Dismissals
Involuntary separation due to a riff
PMI rating

Most grievances focus around something like a disciplinary action.. so a letter of reprimand, a suspension, or an involuntary reappointment. Basically if one of these actions occurs and you don’t agree with it, you can grieve. You can file a grievance with the agency head and then the agency head and you will get together and have a conference and try to hash things out.

That’s the first step. If you can’t hash things out, then HRD is called in. Once Human Resources Division is called in, they will form a grievance committee. Actually they help, but basically there’s three people on the grievance committee and you get to pick one, the agency gets to pick one, and then those two people pick the third. It’s kind of interesting that way, right? You get a grievance committee set up of three people.

Let me back up a bit. You get to pick a person, but there’s a lot of rules as far as how close they can be to you. Basically, they can’t be involved in the grievance in any way; they can’t work at either party’s agency; and they can’t be an advocate for either party. So basically they have to be unbiased and neutral. So while you do get a pick a person, and you would love to have a good coworker that you work with all the time or a friend, you really can’t pick those people. In my opinion, the best bet is to pick somebody you know is honest and fair and will render the right decision.

So the grievance committee is formed, and what they do first is look at the written record… basically the previous stuff from your meeting with the agency. They look at the facts, and then they render a decision. With the decision they can modify, they can affirm, or they can reverse the action that is the issue.

If they don’t, a hearing can be held. If the committee is unable to take the written facts and decide on the issue then the next thing is a hearing. A hearing is a little bit more formal in that you can introduce new evidence, and you can bring in people to testify.

So now the committee takes all the old information, the new information, and listens to testimony and again renders a decision. Again, they can modify it, they can affirm it, or they can reverse the action that is a dispute.

At this point the grievance process is really over. If you disagree with their decision you can appeal it, but the appeals process is involved and has multiple steps and timelines and is kind of separate. As far as we’re concerned the grievance process is done when they render their decision.

Keep your eyes open for another episode on appeals. I will do that down the road. Again, I want to thank Russell Webb for getting me the information on this, and you can contact him at russell.webb1@wyo.gov. I hope you don’t have to use the grievance process but it’s there to protect you. Thank you for making it through episode number four of the subject matter minute!

Here is the full episode!

Subject Matter Minute, Episode #3: Mediation

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #3: Mediation.

Welcome to episode number three of the subject matter minute. Thanks for joining me again, I appreciate it.

I would like to thank last episode’s subject matter expert once again… that was EGI, or employee’s group insurance. They helped us out with vision benefits. Hopefully, if you were thinking about getting vision benefits or paying for that extra benefit, it helped you decide whether or not to do it. And if you already had it, hopefully it helped you figure out how to use it best.

Let’s get on with episode number three. This week the subject is mediation. Before I get started, I want to mention a couple things. First of all, I just ran through this entire episode, nearly perfectly, and then realized I wasn’t recording. So yeah, this one’s probably going to suck! Anyways… first of all, I want to thank this episode’s subject matter expert… Karla Smith of HRD. She’s a senior human resources consultant with HRD, and a co-worker of mine, and she’s a project coordinator that works on special projects as well. One of her special projects has been to head up the mediation program. All of her contact information is going to be below and after I explain everything about this, you can contact her with questions or if you need to use the service.

Mediation… what is it? It’s an informal process to resolve conflicts between employees. It’s really that simple. It’s used in order to not move on to other processes such as grievances. Let’s talk about some of the advantages of it. To begin with, it’s a voluntary process that’s offered to all state employees; it’s a fair process; it’s a confidential process; and really what it does, is it opens up avenues of communication. You know how it is… typically these problems are communication problems. It also offers the opportunity to resolve these issues at a low level instead of bringing in all the bigwigs and going through processes that require a lot of paperwork.

Next, let’s talk about what mediation is not. It’s not a substitute for discipline: discipline is a different process. It’s not therapy. Now, our mediators are trained, but they’re not trained therapists. It’s not telling others what to do, so if you’re coming into it thinking that you can tell the other party how to act or what to do, or that the mediator will… that’s not true. It’s not crisis intervention, so if there’s immediate threat or danger, there’s different processes for that. It’s not appropriate for all situations. And finally, it’s not magic. That being said… it works most of the time.

Let’s talk about the mediators. The mediators are volunteers that have volunteered to help in this area, and there’s several across the state. A mediator is an individual who’s attended training. They are good listeners; they’re a fair person who doesn’t take sides; they’re a person who can be trusted; they’re a person who keeps things confidential; and on that same line, they are a person that doesn’t make assumptions or draw conclusions based on stereotypes. Now I know that sounds like a perfect person, but these folks really are good folks that are volunteering to help you guys work out these problems. A mediator is not a judge or a legal advisor… they have training but not that kind of training. They are not a person who gives orders or advice… they’re there to bring you together and help you out.

Next, there’s a bunch of frequently asked questions that I’m going to kind of sum up because it hits a lot of the highlights.

The process is confidential.
It will not be in your personnel file.
You can’t be required to participate, and both parties need to decide that they want to use mediation.
The mediation process typically is scheduled for four hours. (if the parties haven’t quite reached an agreement, but they feel like they are progressing, more time can be allotted.)
Mediation is free. (there’s no charge for anybody)
It’s done by volunteers.
It’s a benefit of the state.
It’s not part of the grievance and appeals process; in fact this is an informal process meant to avoid that.
Workers compensation issues are not allowed to be mediated… that’s a different process. The issues that are mediated are employee interaction issues.
Mediation takes place in a neutral area of the mediator’s choice; typically they pull you out of your toxic environment and get you somewhere safe.
The time spent using mediation is considered work time.
The end goal is to sign a document that has an agreement of what everyone’s going to do.

This is not a requirement. This is an informal process, so if you don’t want to sign something you don’t have to. And finally, if both parties do sign a contract…

VOICEOVER ADDED TO FIX A MISSTATEMENT
(I don’t want to confuse anybody. I probably should not have said contract. It’s not a contract. We call it a mediation outcome. If both parties agree to it, they sign it. It’s not a legal document and the mediators do not enforce it.)

…and one of them doesn’t follow through, really your only recourse is more mediation or other processes such as a grievance.

So that, in a long nutshell, is mediation. I just want to say that life is too short, and we work too many hours a day to work in a toxic environment that is probably built on miscommunication or lack of communication. This is a great benefit… a free benefit… a confidential benefit offered to you and if you experience issues, please use it.

Here is the full episode!

Subject Matter Minute, Episode #2: Vision Benefits

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version: Episode #2: Vision Benefits.

Hey, hey, hey! Welcome to the second episode of the subject matter minute, I’m Matt Nagy. Before I get going on the topic at hand, I want to mention who my subject matter expert was for the last episode. I can’t leave that out… that’s why I named this the Subject Matter Minute! I rely on you folks out there, all the experts in your own field, to get me the information to pass on to the other employees. So, honestly, she might not care because she just retired, literally like last month or maybe two months ago, but in any case, I want to thank Lori Eichheim, who was an HR program supervisor before she decided to run off to better things. Thanks Lori for the information!

Today’s subject matter minute is on vision benefits.

Alright, let’s talk about vision benefits.

First of all, I want to thank my subject matter expert, which really is all of EGI. I didn’t have a specific person I talked to. I was able to get all the information from their website where they have a great training video, brochures, and more. I did email a couple people just to clarify a couple points and they were very helpful and quick, so I want to thank EGI, or employee’s group insurance, for their help.

Alright, so vision benefits. First of all, something you need to know is they are not paid for by the state. This is a side benefit that you can opt into. You can decide to use it, but it’s going to come out of your check. That leads me to the next thing. If you opt-in, it’s a two-year thing. You are required to pay for two years and then if, let’s say you drop out… you are not going to be able to sign back up for two years. I’m sure it’s a financial thing that I don’t understand. Them’s just the rules, ok? Got to know that up front.

What does vision coverage entail? Well, it’s eye exams, it’s glasses, and its contacts. These are the things that are covered. Typically, you’re going to have a copay… I don’t know why they use that word, you know, basically a charge. Let’s start with the exam. You have to get an eye exam before you can get glasses or contacts. That’s going to cost you $10… the co-pay is $10, and the rest is covered.

Let’s say you just want lenses. If you just want lenses you’re going to pay a $25 copay and the rest is covered.

Now let’s just say you just want frames… if you just want frames it’s a $25 copay, and then it’s covered up to $160. Above $160 you will get a 20-percent discount on the rest but the coverage goes to $160. So if you get frames, you know like me, that cost more, you’re going to pay extra. You will get a discount, but you’re going to pay extra.

If you want to get both, which we typically do, our lenses and frames, it’s still just one $25 copay. You will not pay double co-pays. So if you get the whole thing, it’s a $25 copay, and again, they cover up to $160, and then you get a 20-percent discount on the charge above that.

So now let’s talk about contact lenses. For contact lenses there is no copay, and they cover up to $160. Above that, you will have to pay the rest.

I need to back up on glasses… there’s a little twist here. There’s two different plans and it kind of depends on the type of person you are as to which you choose. There’s two plans call Plan B and Plan C… no idea where plan A went. Plan B allows you to get new glasses every 24 months or two years. While plan C allows you to get new glasses every 12 months or one year. So if you’re the kind of person that loses your glasses, steps on them, lets the kids break them in half, whatever, you may need Plan C. Plan C will cost you a little bit more per month.

So, let’s go over using your benefits. First of all, you have to go to certain vision care specialists. You can find out who your local specialists are by going to the VSP website, VSP.com and search for your providers. So, again, if you want to use these benefits you have to go to those providers. You don’t have to have a card or anything, as they can look you up in the system.

So that’s the end of episode number two! Hopefully I made vision benefits clear, and hopefully I didn’t leave anything out. Please contact EGI if you have questions. You can find all the contact info on their website, here: http://ai-hrd.wyo.gov/egi.

Please subscribe to my YouTube channel and get the word out, and once again, thanks for watching!

Here is the full episode!

Subject Matter Minute, Episode #1 Longevity Pay

If YouTube is blocked for you or your agency, you can scroll to the bottom of this post to view it from Google Drive.

You can also listen to an audio version here: Episode #1: Longevity Pay

Welcome to state of Wyoming Subject Matter Minute, where we cover a wide variety of subjects related to state of Wyoming employment. This information is for you, and me, the state employee. From hidden benefits to systems and processes, we will make your job easier by giving you the lowdown, the how-to and hopefully entertain you a bit along the way. And now today’s Subject Matter Minute.

Hey, hey, hey! Welcome to the first episode of the subject matter minute, thanks for joining me… honestly, thank you. It’s not only the first episode of the show, it’s the first time I’ve ever done a video blog so I’m hoping you’ll bear with me. Be nice in the comments. I assume I’ll get better over time. One of the ideas is that I’m going to try to edit as little as possible. So I’m going to try to get through the stuff fairly smoothly. I’m assuming that I’ll have a hard time, there will be some slip-ups, but it should get better and we’ll see how it goes. 🙂

Alright, so there’s two reasons I’m doing this video blog. One is that in the three years that I’ve worked for the state… (I have 15 years service but a bunch of that was university employment) so in the three years that I’ve worked for the state I keep coming across these little things, like benefits or processes that I didn’t know about or don’t know how to do, and I’ve got to assume that if I don’t know about it other people don’t as well. So, I thought this might be a cool way to get that information out.

The second reason is this is a lot like presenting or public speaking and so I took it upon myself as a challenge to improve myself in those areas. I know I’m just talking to a little camera, but in reality I’m talking to an audience so there’s some of the same stuff. You know? Alright. So those are the two reasons.

I’m going to try to do this as a weekly show, (this has since been changed to monthly) and that’s going to partly depend on the subject matter experts out there getting me the information. Now I’m going to kind of give you a call to action, ok, because the stuff that’s most important is the stuff that’s on your mind. So if you guys have something that you can help with, something that you do that would help other employees, or if you have questions or you know of a topic that would help employees across the state… if you could email me or put it in the comments, I would truly appreciate it. I have a long list of subjects but the ones that are at the top of your mind might be the best ones to hit first, so feel free to comment and help me out in that area.
So without further ado let’s get going on the first subject matter minute episode – longevity pay.

Longevity pay – what is it and who gets it.

Well I found out about it kind of on accident. As many of you might know, I stream trainings and courses and meetings sometimes. There was this one, probably about retirement or something, and I was working, so I wasn’t really listening, but I suddenly heard something that made my ears perk up and realized that it might have something to do with me. So I watch the video afterwards and thought, what is this longevity pay thing, and am I getting it? Longevity pay is rewards for people who stick with the state, for those who work with state for a long time. So specifically, after five year blocks you get an extra forty dollars a month to your check. After five years of service you’re getting forty dollars a month added to your check. After 10 years you’re getting eighty dollars a month added to your check. After 15 years, a hundred and twenty dollars a month added to your check, and so on. It’s a really nice benefit and it’s automatic. That was the other thing… I’m glad it was automatic cause if I had to fill out paperwork for it I would have never known and probably never have gotten it.

So how do you know if you’re getting it? Well, first of all, it’s automatic. So if you’re past those milestones then you are getting it. But you can also look on your pay advise. In the upper left-hand corner it’ll say “long,” (that’s the abbreviation for longevity) and should have a dollar amount after it. You can also look at it in your ESS system. Right below your base salary, there’s one for long and it’ll show you how much you got.

When I found out about my longevity pay, it wasn’t like I suddenly was making a hundred and twenty dollars extra month because it had automatically started, but it was really nice to know and I think it’s a great benefit.

So you’ve made it through episode 1 of the Subject Matter Minute. I really appreciate you making it to the end and listening. I would love it if you pass on the information to others, and I would love it if you would subscribe to my channel. That way you’ll know when there’s new stuff uploaded. Subscribe, get the word around, send me your questions, send me the things you’d like me to cover, and I’ll see you next time on the Subject Matter Minute episode 2!

Here is the full episode!