All forms are due in School Board Office by Friday, September 8, 2017.
For the 2017-2018 school year the pay dates are as follows:
There are two types of payroll deductions- involuntary (required by law) and voluntary (employee election).
Forms are available at the School Board Office to enroll in these voluntary benefits. For tax sheltered or other voluntary benefits, please contact the following representatives directly if you wish to enroll or make a change:
804-445-5880 or firstname.lastname@example.org
Pinnacle Financial Planning
804-387-2318 or email@example.com
VIRGINIA RETIREMENT SYSTEM (VRS)
All full-time employees are automatically members of VRS. Legacy employees are full-time employees hired prior to January 1, 2014 and are considered Plan 1 or Plan 2 VRS members. Hybrid employees are full-time employees hired after January 1, 2014 and are considered Hybrid VRS members. New hybrid members may make additional voluntary contributions. See publication: http://www.varetire.org/pdf/publications/hybrid-handbook.pdf
Employees now contribute 5% of their salary towards their retirement with the School Board also contributing a required percentage of your annual salary. You can visit VRS’s website www.varetire.org to learn more about the retirement benefits available to you.
As members of VRS, employees are also entitled to group life insurance, which is paid by the School Board and is at no cost to the employee.
OPTIONAL LIFE INSURANCE
This voluntary benefit allows an employee to purchase additional life insurance for himself, his spouse or children. This insurance is supplementary to the employer paid Group Life Insurance provided through VRS. For more information, contact our representative Joe Chang, 800-441-2258 ext. 101 or firstname.lastname@example.org
We have three health insurance options - The Local Choice’s Anthem Key Advantage 250, Key Advantage 500 and High Deductible Health Plan. Dental and vision coverage is included in these plans and cannot be separated. There is only one card for your insurance, dental and prescription benefits.
The effective dates of your plan year are July 1, 2017 – June 30, 2018. The Richmond County School Board contributes $498 per month ($5,976 annually) to the cost of the premium. Employees currently in the program cannot change their coverage until the next open enrollment period in the spring unless you meet the requirements of a qualifying event. If you plan to add a newborn to your policy during the year (qualifying event), please contact the school board office in advance to obtain the necessary forms.
New employees may enroll in our health insurance program effective October 1, 2017. All new employees must complete an enrollment form, even if they want to waive coverage.
FLEXIBLE SPENDING ACCOUNT
Employees have the option of enrolling in a Flexible Spending Account (FSA). This benefit allows employees to have income withheld from their paychecks before taxes for reimbursement of certain medical and childcare expenses. Our current plan year is July 1, 2017 through June 30, 2018.
SICK LEAVE BANK
This benefit is for full-time employees who have a prolonged, catastrophic or long-term illness or injury and who have exhausted their own sick leave. Membership is voluntary and to join an employee must make a one-time donation of two days of sick leave. See policy GCBD-R in Richmond County Policy Manual. Hybrid employees are not eligible to join the Sick Leave Bank.
Legacy employees who do not wish to participate in the Sick Leave Bank must submit a waiver form to the central office.
Employees can opt to be a member of the Virginia Education Association (VEA) and have a monthly payroll deduction for the cost. Mr. Dungee (RHS) is the district representative who can answer your questions about enrollment.
GENERAL FINANCIAL INFORMATION