Contact

Benefits

555 S. Howes Street, Second Floor
Fort Collins, CO 80523-6004

(970) 491-MyHR (6947)

Payroll Deductions

Current Employees
Voluntary
Deductions
Pre-Tax
Vs. Post-Tax
Levies &
Garnishments
State
Income Tax
Taxable
Fringe Benefits
Retirements
Plans
Mandatory Benefit
Deductions

 

Voluntary Deductions

All Employees

Benefit-Eligible Employees

The following insurance is provided at no cost to benefit eligible State Classified (SC), Faculty and Admin Professional (FAP), and Post Doctoral Staff (PD) as noted:

  • Long-Term Disability (FAP, PD)
  • Short-Term Disability (FAP, SC)
  • Basic Life (FAP, PD, SC)

The following insurance is available to benefit eligible State Classified (SC), Faculty and Admin Professional (FAP), and Post Doctoral Staff (PD).

For insurance plan information, refer to the Benefits pages for State Classified or Faculty & Admin Professional.

  • Medical
  • Dental
  • Voluntary Life
  • Spouse Life
  • Child Life
  • Personal Accident
  • Long Term Disability (SC)

     

Coverage Dates

  • State Classified
    • The insurance plan year runs from July 1 to June 30
    • Premiums are paid in the current month (i.e., the deduction from July's earnings pays the premium for July's coverage).
    • Rate changes are effective for the deductions taken from July's pay.
  • Faculty, Admin Professional, Post-Doctoral Fellow
    • The insurance plan year runs from January 1 to December 31
    • Premiums are paid one month in advance (i.e., the deduction from January's earnings pays the premium for February's coverage). Rate changes are effective for the deductions taken from December's pay.

Deductions - Pre-Tax vs. Post-Tax

Levies & Garnishments

State Income Tax

Unless there are specific rulings to define otherwise, employees are taxed by the state in which they work - not the state in which they live.

W-4: Tax Withholding

How Do I Adjust My Tax Withholding?

The W-4, Employee's Withholding Allowance Certificate, tells the employer:

  • How many withholding allowances the employee is claiming
  • The employee's marital status
  • Whether the employee claims exemption from withholding or elects to have additional funds withheld above the standard allowances

Note:

  • Only the original form is accepted by HR Payroll. Do not submit copies or faxes.
  • Incomplete or incorrectly completed forms will be returned to the employee for correction, delaying implementation.
  • Failure to submit a W-4 will result in being defaulted to Single with Zero allowances, per IRS requirements.

Taxable Fringe Benefits

Retirement plans

For retirement plan information, refer to the Retirement pages for State Classified or Faculty & Admin Professional.

Mandatory Retirement Savings

All CSU employees participate in a mandatory retirement plan.

  • Faculty & Admin Professional employees are mandated to participate in either the Colorado Public Employees Retirement Association (PERA) or the Defined Contribution Plan (DCP) through Fidelity, TIAA-CREF, or VALIC.
  • Classified employees are mandated to participate in the Colorado Public Employees Retirement Association (PERA).
  • Temporary hourly employees are mandated to participate in the Colorado Public Employees Retirement Association (PERA).
  • Student employees who do not qualify for Social Security exemption must participate in the Colorado Student Employee Retirement Plan (SERP). More information.
  • CSU employees do not contribute to Social Security. As a result, employees who qualify to receive Social Security benefits and who also receive retirement income from the university may see a reduction in their Social Security benefits. This is called the Windfall Elimination Provision. For more information:

Current Contribution Rates (7/1/12)

  Employee Contribution Employer Contribution
PERA pdf icon 8% 16.55%
DCP 8% 9%
SERP 7.5% N/A

Voluntary Retirement Savings

401k, 403b, and 457 plans