Category: human resources

Uniforms: With Portfolio Supervisor approval, office staff who also perform maintenance tasks will be issued maintenance uniforms, if desired.

Dress Policy

Dress Policy: Making an Appearance

Human Resources: Dress Policy

Coronavirus Aid, Relief and Economic Security Act (CARES Act)

The CARES Act which was enacted on March 27, 2020 is a new law that includes certain relief provisions applicable to retirement plan administration.

Distributions

The Plan allows for coronavirus-related distributions, up to a total of $100,000 from April 20 through December 30, 2020 to Eligible Participants who meets one of the following criteria:

· Is diagnosed with a coronavirus (COVID-19 or SARS-CoV-2) illness by a test approved by the CDC;

· Has a spouse or dependent diagnosed with such coronavirus illness by a test approved by the CDC; or

· Experiences “adverse financial consequences” as a result of being quarantined, furloughed, laid off, having a reduction in work hours, a business closure, the lack of childcare, or other factors determined by the IRS due to the coronavirus emergency.

Increased Loan Limits

The Plan allows Eligible Participants to take loans up to the lesser of $100,000 or 100% of the participant’s vested account balance from April 20 through September 22, 2020 (180 days from date of enactment of the Act).

The availability of the coronavirus-related loans will supersede the Plan’s otherwise applicable limitations on number of available loans and/or frequency with which a loan may be taken by allowing for one additional loan, available without regard to the date any prior loan was taken.

The Participant’s will be required to self-certify as to their qualification for this distribution.

Loan Suspension

The Act allows Eligible Participants with loan repayments due during the period of March 27, 2020 through December 31, 2020, to suspend their repayments for one year. At the end of the suspension period, the participant’s loan repayments will be adjusted to reflect the interest accrued and the participant’s loan term will be extended to reflect the suspension period, which may exceed the normal 5 year maximum term for general purpose loans or the plan limit on principal residence loans.

Required Contributions

The Act also relieves participants and beneficiaries from receiving a required minimum distribution (RMD) for 2020, and for 2019 if the participant turned age 70½ in 2019 and did not receive their first RMD for 2019 on or before January 1, 2020.

If you have any questions about the CARES Act, contact Transamerica at (866) 498-4557

Dear Employees,

Please read the flyer below that provides information on Paid Sick Leave (EPSL) and Expanded Family and Medical Leave (EFMLEA/FMLA+) under the Families First Coronavirus Response Act. 

Further information, along with this notice, will be posted on the ADP home page shortly. 

Please be sure to reach out to HR if you have any questions.

With Cambridge’s upgrade to the ADP payroll system, employees are now able to update their own personal information.  To ensure that all employees information is up-to-date — including but not limited to Emergency Contact Information should this information ever be needed, please have each of your employees review their information and update anything that is out-of-date, missing or incorrect.   Accurate information is important for Cambridge to maintain and we are asking for each employee to support this objective by personally reviewing their own personal information.

If all of the personal information is correct no action is required.   If there are updates, please make those updates as soon as possible.

ADP Instructions for Employee to Update the Information

1. Sign in.  Click on:  Myself > My Information > Profile
2. Click: “View More” under Personal Information.  Review address, phone numbers and email address. Correct and add any missing information including your nickname in Preferred Name boxes.  Click Save.
3. Emergency Contacts:  Review and update Emergency Contacts information as necessary.  To add Emergency Contact, Click: +Add and enter Name, Relationship, Phone Number(s).  Email and Address entries are optional.  Click Save.

Be sure to let Angela (acooper@cambridgeres.com) know if you have any questions.

Friendly reminder that all employees should be updating their timecards each day before they leave work.

Contact payroll@cambridgeres.com or phone 503.450.0230 and ask for the payroll department if you have any questions or concerns about your pay check.