Office of Sponsored Programs Roundtable Meeting

Thursday, November 16th, 2017, 10:00 AM, Procrastinator Theater

Guest Speakers

Mary Jane McGarity: Working with the MSU Alumni Foundation: Please see attached presentation and contact OSP or the Foundation for any questions.

Kelly Beiswanger: Conflict of Interest and Consulting Reporting: COI and Consulting Reporting is now due via MyInfo. Please see attached presentation for details. Contact Kelly at X6757 for any questions.

Central Office Updates

Human Resources: Upcoming Changes to MUS Retirement Plan. Here is a quick summary of the changes and slides are attached.

MUS and Meketa Investment Group, Inc. have assessed the best possible investments and services for the MUS retirement plans. Enhancements coming to the:

  • 401(a) – the MUS Retirement Plan MUSRP
  • 403(b) – optional plans elected by employees

Including

  • Consolidation of the 403(b) investment providers to one service provider, TIAA,
  • A new streamlined investment menu that will include options from a variety of well-known investment firms

Why the changes

  • Offer a more robust array of investment options so more of our employees’ retirement money keeps working for them
  • Lower costs
  • Capitalize on trends and changes in the retirement services industry
  • Simplify administrative functions and participant experience

When: Effective February 1, 2018 (beginning with retirement contributions in the February 2018 payroll)

Additional information included scheduled help sessions is available at http://www.montana.edu/hr/retirement_changes.html.

OSP Updates

  • OSP Information Sheet Updated to include industry rate of 54.73%
  • Review Signature Authority Policy
  • Use of Contracted Services Agreements to hire people acting as employees is not allowed
  • Next OSP Roundtable Meeting – February 6th at 10:00 AM, Theater