Moore County Schools Employee Benefits Presentation (Rev 08/14)
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Moore County Schools
Employee Benefits
Presentation(Rev 08/14)
2
Agenda
• Website – www.ncmcs.org
• Compensation– Salary supplements and longevity
• Leave benefits
• Health insurance
• State retirement/Individual retirement
• Other benefits (flex, life insurance, etc.)
3
Compensation
• Pay date – 25th of each month
• 10-month employees – 12-month pay options
– Credit Union Summer Cash
– Individual bank (employee/bank manage summer cash)
– State installment pay-only available to teachers (State holds summer cash; employee earn -0-interest)
4
Compensation
Salary deductions• Social Security (FICA)/Medicare
• Federal/State Income Tax Withholding
• State Retirement (6% employee rate)
• Employee-authorized
5
Salary Supplements
• Teachers – 8% (half in November; half in June)
• Classified employees - $100/year state service
credit plus:
Years of State Service Classified Supplement
0-2 $500
3-8 $650
9-15 $800
16-19 $950
20+ $1,000
6
Longevity (includes 30+ hr/week employees)
Years of State Service Longevity Pay Rate %
10 but less than 15 years 1.50
15 but less than 20 years 2.25
20 but less than 25 years 3.25
25 or more years 4.50
Effective July 1, 2014 – Longevity is now part of the
Teacher Pay Scale
7
Professional Development
Professional development program
Teacher Assistants, Information Technology,
Maintenance, Transportation, Office Professionals
Certification
$42/month up to $165/month based on
certification level; $175/month for teacher
assistants
8
Annual (Vacation) Leave
• Employee must be working one-half or more of the workdays in a monthly pay period
• Can accumulate up to 30 days
• Excess over 30 days rolls into sick leave
• 10 days of annual leave are built into the school calendar
• Teachers may not take annual leave on a student day
9
Sick Leave
• Employee must be working one-half or more of the workdays in a monthly pay period
• Sick leave granted for -• Personal illness, injury or other temporary
disability, or
• Illness in the employee’s immediate family that necessitates the employee’s attendance, or
• Death in the immediate family, or
• Medical appointments
10
Sick Leave
• Earned at one day per month
• Unused sick leave can be credited to state
retirement (20 days = 1 month)
• For example - 160 days = 8 months of
service
11
Other LeaveExtended Sick Leave
- For teachers only, less $50/day deduction for substitute
(regardless of whether a substitute is actually employed)
- Up to 20 days per fiscal year
Holiday Leave
- Established as part of the school calendar
Personal Leave
- For teachers only, less $50/day deduction (if taken on student day)
- Earned at the rate of .2 days/month
- May be accumulated to a maximum of 5 days
with excess rolled into sick leave
12
“Blue Sheet”
• An employee who is not at work for any reason must complete a “blue sheet,” i.e., absence slip
– This includes illness (self or immediate family), death in immediate family, personal leave, professional leave or annual leave
– The exception is for 10-month employees and the 10 days of annual leave built into the school calendar; it is not necessary to complete a “blue sheet” for those 10 days of annual vacation leave
13
Recording hours/absences
• Timekeeper
• Sub finder
• Other
– Accuracy
– Established work day
– Excessive absences
14
Health Insurance
State Health Plan - Blue Cross and Blue
Shield of North Carolina
– Employee cost paid by MCS for 70/30 plan
– Dependent care premiums are pre-tax
15
State Retirement
• Employee pays 6% of earnings pre-tax
• Employer pays 15.21%
• Short-term and long-term disability
• Unused sick leave counts towards years of
service
16
State Retirement• Benefit calculation
– Years of state service
– Times 1.82%
– Times 4 highest years – average
compensation
• Example
– 30 years of service at 1.82% = 54.6%
– 54.6% times $30,000 avg. compensation
– = $16,380 annual retirement benefit
17
Individual Retirement
• 3 options – 401K, 403B, 457
• Supplement to State retirement and Social
Security
• Pre-tax benefit (Roth available)
• Example – deferring $100 will reduce net
pay by only $70 to $80, depending on your
tax bracket
18
Individual Retirement• State of NC Deferred Compensation Plans
Contact - Kelly Martindale, Prudential
910-949-3366
Providers
- NC 401K/457 (Prudential)
- Lincoln (Annuity Investors; ING; LSW)
- AXA Equitable
- Horace Mann
- VALIC
19
FLEX - Pre-tax Medical and Dependent Care
• Example - $100/month in medical bills
– Fund thru the pre-tax plan
– Net pay will decrease by only $70 to $80
depending on tax bracket
– Pay medical expenses with a debit card
• Same concept for dependent care (except
not on a debit card)
20
Other Benefits
• Group life insurance - $10,000 provided by
Moore County Schools
– Employee option to purchase additional
coverage at group rates
• Dental and vision plans – employee paid
• Other voluntary coverage (disability,
accident, etc.) – employee paid
21
Other Benefits
• State Employees Credit Union
Contact – Shannon Bullard, NCSECU
910-692-4013
22
Other Benefits
• Horace Mann auto insurance – can be
paid thru payroll deduction
Contact – Tito Massol, Horace Mann Agent
910-246-1717
23
Direct Deposit Online Info
24
Agenda
• Website – ncmcs.org
• Compensation– Salary supplements and longevity
• Leave benefits
• Health insurance
• State retirement/Individual retirement
• Other benefits (flex, life insurance, etc.)
25
Moore County Schools
Thank you
26
Employee Benefits Quiz
• When is pay day?
• In which 2 months do we pay semi-
annual salary supplements?
• After how many years of service is an
employee eligible for longevity?
• What happens to accrued vacation
leave in excess of 30 days?
27
Employee Benefits Quiz
• How much sick leave does a full-time
employee earn each month?
• Who manages the NC State
Employees Health Plan?
• What is the name of our employee
attendance/timekeeping system?
• What is the payroll deduction % for the
employee share of State retirement?
28
Employee Benefits Quiz
• Which of the following is not one of our
individual retirement plans?
401K; 403B; 457; Section 125
• What is the Medical Flex Plan?
29
Individual Retirement
• Maximum annual deferral $16,500 (additional $5,500 if age 50 or over)
• By using the 457 plan with one of the other plans (401K and 403B), you can double your maximum deferral
• Individual retirement plan allows you to defer income to future years and a potentially lower tax bracket
• Investment options range from conservative to aggressive
30
Substitute Payroll
•Paperless payroll – no printing/mailing
of paystubs
•Info available on line at all school
campuses
•Tax withholdings – speak with your tax
advisor as necessary
•Option – withhold an extra $10 federal and
$5 state – W-4 and NC-4 tax forms
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