As you may recall, in the spring and summer of 2013, we were able to offer a premium holiday to all covered participants in our dental plan. We continue to have exceptional plan claims experience, resulting in a continued surplus of our dental plan reserves. As such, we are very happy to announce another dental plan rate holiday beginning March 2014 and continuing through the end of the current plan year. This means that you will not see a premium deduction beginning this month (February) through August. Continue reading
Category Archives: Benefits & Compensation
VRS Hybrid Retirement Plan: Opt-In Window Open Through April 30
The Opt-In period for the new VRS Hybrid plan is open now through April 30. All current Plan 1 and Plan 2 members, with the exception of those currently in hazardous duty positions, are eligible to opt in to the new plan during this one-time enrollment window. Information sessions are scheduled at various locations. HR staff members will present information about the new VRS Hybrid Plan and answer any questions you may have. Continue reading
Upcoming Changes to VRS: What You Need To Know
To all employees currently active in the Virginia Retirement System: Beginning January 1, 2014, there will be some significant changes to the Virginia Retirement System (VRS) as the result of legislation approved by the Virginia General Assembly and signed by the Governor. All new VRS-eligible (i.e., full-time) employees, except for those classified as hazardous duty, will be enrolled in the new VRS Hybrid Plan, unless they have active VRS service prior to that date. Hybrid Plan members will contribute the same five percent of their pre-tax salary as our current VRS-eligible employees do, but their contributions will be allocated in a different manner. Continue reading
Additional Day of Holiday Leave Granted to 12-Month Employees
At its meeting on December 12, 2013, the Albemarle County School Board approved granting an additional day of holiday leave to 12-month employees to be taken by June 30, 2014.
Happy Holidays!
Additional Holiday Leave for 12-Month Employees
At its November 14 meeting, the School Board granted 12-month employees an additional half-day of annual leave on Wednesday, November 27. In correspondence with the state’s Thanksgiving holiday closing schedule, school division offices will close at 12 noon on Wednesday, November 27.
Retirement Planning Seminar on November 20
Are you planning on retiring within the next few years? Just starting out in the workforce? Wondering where the money will come from when you retire? Not sure what your retirement options are?
Whether you’re a seasoned worker, new hire, or just plain curious about the retirement process, Human Resources is offering an informative Retirement Planning Seminar on Wednesday, November 20, from 5:15 to 7 p.m. The seminar will be held in Lane Auditorium at the County Office Building on McIntire Road. Continue reading
Virginia Retirement System Update
Did you know changes will be made to the Virginia Retirement System starting January 1, 2014? Are you curious about the “Hybrid Plan” and how it might affect you? Tune in to watch Director of Human Resources Lorna Gerome and Benefits Administrator Claudine Cloutier discuss changes to the Virginia Retirement System for Albemarle County Public Schools.
Getting Your Affairs in Order: Five Essential Documents – October 15
Be prepared and organized for your future and that of your family. Learn about the five documents that everyone should have in order to be prepared for the unexpected. Optima EAP’s October webinar, Getting Your Affairs in Order: Five Essential Documents, is scheduled for Tuesday, October 15, at 12 Noon or 2 p.m. Continue reading
Mandated Changes to the Virginia Retirement System
Dear Colleagues:
We want to make you aware of mandated changes to the Virginia Retirement System (VRS) that will take effect on January 1, 2014. This change creates a new type of VRS retirement plan that is a combination of the current system (a defined benefit plan) and an investment account like a 457 or 403b (a defined contribution plan). This will be known as the Hybrid Plan. Continue reading