The Total Rewards Statement is an online statement that summarizes the total value of a benefit-eligible employee’s compensation from the University of Missouri System. The statement is designed to help faculty and staff members understand the full value of their compensation from the university, including the cost of health benefits, defined contributions to their retirement savings, paid time off and other benefits.
To access your Total Rewards Statement, log in to myHR and select the "Total Rewards" tile.
For questions about your Total Rewards Statement, please contact the HR Service Center.
FAQs
What period of time does the Total Rewards Statement measure?
Total Rewards Statements provide an overview of compensation for an entire year. The measurement period follows the academic year from September 1 to August 31 of the following calendar year (e.g., September 1, 2020 to August 31, 2021).
How often will the university provide an updated Total Rewards Statement?
The Total Rewards Statement runs once a year to provide a snapshot of total compensation annually. The statement for the most recent year available will display by default. If you wish to view a previous year, you may use the drop down menu at the top of the page to select prior year.
Who should receive a Total Rewards Statement?
Benefit-eligible employees who have at least six consecutive months of pay data as of August 31 will have access to a Total Rewards Statement in myHR in the fall of that year.
What types of compensation are recorded in my Total Rewards Statement?
- - Compensation (i.e., regular earnings, overtime/premium pay, paid leave, holiday pay and other compensation)
- - Benefits (medical, dental, vision, life, accidental death and dismemberment coverage and long-term disability)
- - Retirement (401(a), 403(b) and 457(b) contributions)
- - Tuition benefits (i.e., education assistance and tuition reduction)
- - Taxes (paid by the university and the employee)
What types of compensation aren’t included in my Total Rewards Statement?
Faculty and staff who are part of the Defined Benefit (DB) retirement plan or Hybrid Plan will not see pension plan contributions recorded in their Total Rewards Statement because these contributions serve to fund the overall pension plan and are not used to determine a vested member’s benefit. Members may visit the pension benefits portal to model estimates of their potential benefit.
Why are there negative amounts showing in my compensation detail?
You may see negative amounts on your compensation detail if you’re paid monthly. These sums represent the amount of salary that’s been applied to different types of compensation (e.g., holiday, PTO, etc.). Review the example below to see how these negative balances may appear in the statement.
My HSA seed money is showing up twice. Is this an error?
It’s not an error. If you were enrolled in the Healthy Savings Plan and had a Health Savings Account two years in a row, you might see HSA seed money twice. That’s because the Total Rewards Statement covers a time period over two calendar years, and HSA seed money will be recorded for any calendar year in which you were enrolled in the plan.
Why does my statement list my HSA seed money as being dispersed at a different time than I saw it deposited in my Unum account?
Employees who enrolled in a Health Savings Account during Annual Enrollment will see the seed money added to their Unum account sometime during the third or fourth week of January. New employees who did not enroll during Annual Enrollment will see the seed money added to their Unum account approximately 7-14 days after the 31-day enrollment window.
In either case, the funds will show up in the employee’s pay advice the next time the university runs the seed money through the payroll process, which happens on a quarterly basis for federally-required reporting purposes.
Pension plan contributions are not recorded in the retirement section of my statement. Why?
The university pays the majority of the cost of your benefits under the Defined Benefit (DB) Plan or the DB portion of the Hybrid Plan. When paying out a defined benefit, the university utilizes a fixed formula which includes your age, creditable service, average of the highest-five consecutive years of salary and a standard multiplier based on your plan eligibility.
While a plan member makes a mandatory contribution of 1% of their salary (up to the first $50,000 in salary per calendar year) or of 2% of their salary (for year-to-date earnings in excess of $50,000), these contributions serve to fund the overall pension plan. Those funds are not used to determine a vested member’s specific benefit. Members who separate prior to becoming vested are eligible for a refund of these contributions, plus applicable interest. Refer to the summary plan descriptions for information about how benefits are calculated or visit the pension benefits portal to estimate your potential benefit.
The defined contribution amount in my statement does not match my Fidelity account. Why?
The amount(s) within your Fidelity account reflect contributions made by you and the university and may include gains and losses. The amounts on your Total Rewards Statement are contributions made by you and/or the university during the statement period.
I have a full-time and a part-time position. Will pay for both show on statement?
Yes. If you are eligible to receive a Total Rewards Statement, hours paid for a part-time, non-benefit eligible university job during the statement measurement period will be included.
Reviewed 2024-10-03
