In the News
October 11, 2001

2001 legislative changes
significantly affect retirement plans

Among the many tax law changes in the Economic Growth and Tax Relief Reconciliation Act of 2001, Congress included reforms that can significantly increase the amount of money that individuals may contribute to tax-deferred retirement programs. These reforms affect Tax Deferred Annuity contributions made through payroll deduction and also extend to private retirement accounts such as Individual Retirement Accounts (IRAs). The following are some of the most significant changes that are relevant to faculty and staff:

University supports military
reservists who are called to duty

Since the tragic events of Sept. 11, tens of thousands of military reservists have been called to active duty nationwide. More than 425 military reservists in Pennsylvania have been called to active duty in the past week. The University is ready to support those students, faculty and staff in the military reserves who could be affected now or in the near future.

DuBois educates community about
Hispanic culture

A Penn State DuBois faculty member committed to bringing other cultures into rural classrooms is taking her message beyond the campus to local schools and the community.

Ground is broken for
Life Sciences Building

University and state officials on Oct. 5 broke ground for a new Life Sciences Building that will house interdisciplinary teaching and research activities related to fields as diverse as plant biology, neuroscience and molecular toxicology.

Administrative Fellows Program
informational luncheon

A luncheon for people interested in the Administrative Fellows Program will be held from 11:30 a.m. to 1:30 p.m. Wednesday, Nov. 7, in the Alumni Fireside Lounge at The Nittany Lion Inn on the University Park campus.

Nominations sought for
Outreach Award

Nominations are being accepted for the 2002 Penn State Excellence in Advising Award.

Report concludes ecological
improvements can save money

A report from the Green Destiny Council on the ecological analysis of Mueller Laboratory, a biology building on the University Park campus, has shown that making changes that foster environmental stewardship will save the University significant amounts of money.

Nominations sought for
advising award

Nominations are being accepted for the 2002 Penn State Excellence in Advising Award.

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