TVUSD Staff Tidbits Newsletter October 21, 2016
CALSTRS is hosting an important retirement checkup workshop here in TVUSD at the District Offices on Thursday, November 3 from 4 p.m. to 5:30 p.m. Registration is required. Please email Nancy Mireles to register at email@example.com
American Fidelity handles our employees' enrollments for the Section 125 (pre-tax) deductions for medical insurance premiums, dependent daycare, and unreimbursed medical expense deductions. Please be reminded that you must re-enroll for any/all of these each year.
This enrollment is for 125 expenses for the plan year beginning January 1, 2017 through December 31, 2017.
The lists are in alpha order, please note when A.F. Reps will be at your work sites.
Should you have questions about these plans, please feel free to contact Angie Newman, her phone number is available on the schedule attached.
We are pleased to continue offering the 403(b) Retirement Plan as an added benefit to our employees. The 403(b) Retirement Plan acts very similar to a 401(k) Plan and provides several benefits, including:
Contributions to the plan are tax deductible meaning that you do not pay taxes on contributions made to the plan. Taxes will be paid on the funds when taken from the account at retirement. Loans or Hardship withdrawals can be taken from the account if certain circumstances are met. This will slow the path to retirement but can provide financial relief in a time of need. Contribution limits are much higher at $18,000 than the limits in IRAs ($6,000).
More information on 403(b) Plans, including a list of Approved Vendors can be found here: http://www.fbcretire.com/
We are excited to continue offering this valuable benefit to our employees. If you are interested in participating, you will need to establish an account with a Vendor and complete the "Salary Reduction Agreement" form indicating how much you would like to contribute. Then, submit the form to your payroll department specialist.
Please see the attached flyer for more information.
Please see the attached MOU regarding leave time for certficated employees.