Announcements


New Tax-Sheltered Annuity (TSA) Limits for 2018


The Internal Revenue Service (IRS) has increased the maximum amount you can contribute to your TSA in 2018. If you are under age 50, you can contribute up to $18,500 (up from $18,000 in 2017) over the course of the year. If you will be at least 50 by the end of 2018, you can contribute up to $24,500 (up from $24,000 in 2017).

Most employees are eligible to contribute up to the new maximum amount. Please note, however, that some benefits-eligible BWH and BWPO Professional Staff members are subject to different IRS requirements and may not be permitted to contribute up to the new maximum. Those individuals received an email from the Professional Staff Benefits Office detailing their contribution limits on Jan. 2.

To change your pay-period TSA contribution:

  1. Visit the Ask myHR portal at AskMyHRPortal.com and click myBenefits in the blue bar.
  2. Log in to PeopleSoft Self Service, then click Retirement Contributions.
  3. Select the TSA account (traditional or Roth) for which you want to edit your contribution amount. Under “Current Contributions,” choose Edit.
  4. Make your changes. You may choose a flat amount or a percentage. The amount you enter is a per-pay period amount and will be effective with your next paycheck. To opt out, change your current contribution amount to zero.
  5. Click Save, review your election and click OK.

You can change your TSA contribution amount anytime throughout the year.

If you need assistance, contact the HR Support Center by submitting an online request at www.askmyHRportal.com or call 1-833-Ask-MyHR (1-833-275-6947).

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