As TCU moves forward to a
GREEN campus, all TCU employees must do Direct Deposit. It is the safest, timely way to receive your money on payday.
With Direct Deposit, you can enjoy having your money in your account the morning of payday. No more special trips to the bank. No more waiting in lines on payday. No more looking for a place to cash your check. No more check cashing fees. No more waiting for the mailman to deliver your check. No more stolen or lost paychecks. Free up your time with Direct Deposit! After all, a little free time can make a “BIG” difference to you and your community.
How to Enroll
To enroll in direct deposit, go to my.tcu.edu, Employee Self Service. Navigate to the payroll link and click direct deposit link. After entering your information be sure to click the save button.
Due to timing of you entering your information and payroll processing, it may take two paychecks for the direct deposit process to happen and the funds to be in your account. It is advised to verify the funds are in your account before you start using the funds to pay bills.
NOTE: By enrolling into direct deposit, you are authorizing TCU to deposit your pay directly into your Checking/Savings account(s) and the depository named to credit your account. By electronically enrolling for TCU Direct Deposit, you have authorized TCU to initiate the necessary debit entries and adjustments if funds to which you are not entitled are deposited your account.
Looking for a bank to comply, which is close to TCU campus?
Tell the bank you are an employee of TCU and they will have incentives for you!
Bank of America www.bankofamerica.com
Educational Employees Credit Union www.eecu.org
Wachovia www.wachovia.com
Compass www.compassbank.com
Texas Bank www.texbank.com
And many more….
2008 Tax Information
Social Security Wage Base for 2008
$102,000
Maximum social security tax for 2008
$6,324.00
Medicare tax for 2008
1.45% of all wages
FICA tax rate, which is the combined social security tax rate of 6.2% and the Medicare tax rate of 1.45%, remains at 7.65% in 2008. There is no limit to the wages subject to Medicare tax; therefore, all wages are subject to the 1.45% tax.
During the fall and spring semesters, student employees who work on campus are exempt from FICA taxes on wages earned. However, during the summer term, student employees maybe subject to FICA taxes - depending on a student's enrollment status during the summer. Summer Student Employee FICA Status Verification details how a student employee's FICA status is determined during the summer.
2008 Retirement Plan Contributions
Elective Deferrals - 403B ("SRA")
$15,500.00
Age 50 Catch Up Contributions
$5,000.00
Maximum Compensation Limit for Calculating Retirement Contributions
$230,000.00
See the Benefits Compliance Coordinator to make changes to your SRAs.
Student Employee Payroll Information
Payroll Auto Valuation
Payroll Auto Valuation Form
Payroll Mileage Log
Payroll Auto Valuation & Mileage Log Information
Payroll Contact Information
