| Health Insurance, Life
Insurance, Sick Leave Plan, Personal Leave, Retirement,
Vacation & Holidays, Other Benefits..... |
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HEALTH
INSURANCE BENEFITS |
Full-time employees are
eligible for Health Insurance on the first day of the month
coincident with or next following the date they begin
employment. Coverage includes medical, out- patient
prescription drug, mental health and substance abuse, and
dental benefits.
Employees can elect single coverage or a policy that
provides coverage for eligible dependents. The Wise County
School Board pays over 90% of employee premiums and
approximately 80% of dependent coverage premiums.
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LIFE
INSURANCE |
Basic
group life insurance is automatically provided upon
employment through
Minnesota Life
and is paid 100% by
the Wise County School Board. This coverage would provide
your beneficiaries with a single sum benefit of:
2 times your annual salary in the event of natural death 4
times your annual salary in the event of accidental death
Additional insurance may be purchased for employees and
their dependents through an optional group life insurance
plan.
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SICK LEAVE
PLAN |
All contracted
staff can earn up to 12 days sick leave per year. These
days are accrued one per month worked with a minimum of 10
days earned per contract period. Unused days are accumulated
for future use.
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PERSONAL
LEAVE |
Full-time
professional and all 12-month contracted employees can earn
up to three (3) days personal leave per year, which may be
accumulated to a maximum of five (5) days. Any days
accumulated above five (5) will roll-over into sick leave.
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RETIREMENT |
Full-time, contracted employees are automatically enrolled
in a defined-benefit retirement program administered by the
Virginia Retirement System
(VRS). Highlights of the
program include:
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Membership cost paid 100% by Wise County School Board
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Vested member of the system after 5 years of service
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Disability and death benefits provided
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Annual cost-of-living adjustments to retirement benefits
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Full
retirement benefits at 30 years of service and at least
50 years old, or age 65 with 5 or more years of service,
hired before July 1, 2010, you are in the VRS Plan 1.
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Early
retirement reduced benefits are available at age 50 with
at least 10 years of service or age 55 with 5 or more
years of service.
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Full retirement benefits,
when you reach your normal Social Security retirement
and have at least five years of service credit or when
your age and service equal 90. An example is age 60 with
30 years of service credit. You become eligible for a
reduced retirement benefit at age 60with at least five
years of service credit., hired after July 1, 2010, you
are in the VRS Plan 2.
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VACATION AND
HOLIDAYS |
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Twelve-month
employees can earn up to ten (10) days paid vacation per
year for 1-10 years of service, twelve (12) days for 11-12
years of service; fourteen (14) days for 13-15 years of
service; and sixteen (16) days for 16+ years of service.
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Holidays are provided each year in accordance with the
adopted school calendar.
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OTHER BENEFITS |
In addition to
the benefits listed, other programs provided include:
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Paid salary while on jury duty
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Direct bank deposits
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Tax
Sheltered Annuity Plans
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Additional insurances paid by employee but payroll
deducted - Life, Health, Disability
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Unemployment Compensation
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Family and Medical Leave
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Sick Leave Bank
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Virginia Credit Union eligibility
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Worker's Compensation
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U.
S. Savings Bonds by payroll deduction
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Optional Summer Payroll
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