The sooner you start planning for retirement, the easier it can be. If you wait, it could take much more per pay period to achieve the same goal. Let’s get started!
Our Nationwide Retirement Specialist, Lynn Robinette, is available for individual virtual consultations on an ongoing basis, but she is providing a focused week for Albemarle County employees this week, January 9-13. Click here to schedule a free consultation.
If you are participating in our medical or dental plans in 2023, you should have received new Anthem enrollment cards in the mail for you and any covered dependents at the end of December. Updated cards were necessary due to service enhancements that we made for 2023. Important note: The new cards have updated ID information, and you will need to present this new information when you visit your health care providers, hospitals, pharmacies, etc. Failure to use the new cards will result in rejected claims, so please be sure to update your providers. If you have not received your new card(s), please email benefits@k12albemarle.org for assistance. Continue reading
As we shared recently in our Dec. 1 Compass post, ACPS is getting its first official 403(b) retirement savings plan. We anticipate that employees will be able to make contributions to the new plan as of the February 17 payroll.
In the next few days, employees will receive a communication via U.S. Mail that will briefly introduce the new plan and the record-keeper for the plan, Lincoln Financial Group. Continue reading
Thursday, December 15, 2022 | 4 to 5:15 p.m. | Zoom
Are you considering retirement? Have you thought about your retirement date? No matter your retirement date, you likely have questions, such as: How much money will I need in retirement? Where will it come from? What are my options for saving? How does health insurance work?
Please join us for a Retirement Planning Webinar on Thursday, December 15, from 4 to 5:15 p.m. Anyone, including significant others, is welcome to attend; no registration required. On Thursday, click below to join us on Zoom:
When “Positive Pay” was implemented as part of the Payroll Clarity Project in January 2022, we determined that there would be situations in which many 10/11-month, non-exempt (overtime-eligible) regular employees would not have scheduled work for an entire pay period. In response, the school board appropriated funds to support our 10/11-month non-exempt staff so that all regular, non-exempt staff would be eligible for pay for at least five (5) days in all two-week pay periods during the school year. In the current school year, these funds provide for up to six (6) additional days of pay for these impacted staff members.
Here is what this means for the 2022-23 school year: Continue reading
You may recall that Human Resources has been working on new retirement savings options. We are excited to share more information about one of those options! After a thorough Request for Proposal and evaluation process, we are pleased to announce that Lincoln Financial Group has been selected as the sole service provider for our new ACPS 403(b) retirement plan. Our transition to Lincoln will bring best-in-class services, a significant reduction in overall fees, and state-of-the-art retirement readiness tools.
For all 403(b) participants, we anticipate a greatly enhanced experience with Lincoln to further help you save and plan for your future, including: Continue reading
At its November 10 meeting, the Albemarle County School Board approved one-time bonuses for all employees as part of its consent agenda.
Per the Compensation Study Follow-Up presentation to the board on October 27, all regular staff members will receive a one-time bonus in their December 9 paycheck. Regular employees who work between a 0.7 and 1.0 full-time equivalent (FTE) will receive $1,000, and regular employees who work less than a 0.7 FTE will receive a $750 supplement.
Also taking effect in December are pay increases for some employee groups as part of Phase 1 of the Compensation Study completed by the Human Resources department earlier this year. Continue reading
If you are currently an active (full-time) member of the Virginia Retirement System (VRS), your ONE-TIME opportunity to either newly enroll in or enhance your optional life insurance protection through VRS/Securian Financial without undergoing medical underwriting expires this Wednesday, November 30.
Did you know? If you have this coverage in place for the 5 years immediately prior to your retirement, you can keep it (subject to limitations) at low group rates into your retirement. If you’re looking for affordable optional life insurance coverage, don’t let this opportunity pass you by! Continue reading
It’s not too late to complete your Open Enrollment session! As a reminder, ALL benefits-eligible employees are required to log in to the ADP Open Enrollment module and either waive or elect benefits (like medical and dental coverage) for 2023. Open Enrollment closes tonight at 11:59 p.m.
Failure to complete Open Enrollment will result in loss of coverage as of December 31, 2022, if you are currently enrolled in our medical or dental plan. Continue reading
With appreciation and gratitude for everything you do each day for our students, their families, your colleagues, and our school community, the Albemarle County School Board has approved the superintendent’s request to grant a half-day holiday for all employees scheduled to work on Wednesday, November 23. This decision follows similar declarations by the Commonwealth of Virginia and the Albemarle County Board of Supervisors. All ACPS offices and facilities will now close four hours early on November 23. (This day was already scheduled as a non-student day.)
Best wishes to you all for a very happy Thanksgiving holiday!