Below are links to several calculators and calendars to assist you: Annual Increment Pro-Rata Calculator. provided the employees and/or dependents pay the full group premiums. The purpose of this bill is to exclude income from West Virginia retirement systems and social security from inclusion in adjusted gross income or resident individuals. You can visit customer service at PEIA to pick up a retirement packet or you can contact PEIA customer service at 1-888-680-7342 to requestthat a retirement packet be mailed to you. (a) The county superintendent, subject to approval of the county board, may employ and assign substitute teachers to any of the following duties: (1) Fill the temporary absence of any . WVDE employees who are members of the National Guard or any reserve component of the United States Armed Forces may be granted paid military leave, without loss of status or benefits, for a period not to exceed 30 working days in any one calendar year. A common question asked by employees is what you are supposed to do when you turn 65 and become eligible for Medicare while working at WVSU. In accordance with the West Virginia Parental Leave Act (PLA) and Family Medical Leave Act (FMLA), an employee hired for permanent employment, who has worked for at least twelve consecutive weeks performing services for remuneration, is entitled to a total of at least twelve calendar weeks of unpaid family leave following the exhaustion of all his/her annual and sick leave during any twelve month period. Posted . 18A-2-3. Employees hired on or after July 1, 1988 but before July 1, 2001 are eligible to use sick leave to pay for 50% of the PEIA retiree medical premium. You will need to visit the Social Security Office and sign up for Medicare parts A and B. PEIA will need a copy of your Medicare card when you receive it. All final retirement benefits shall be determined by a TRS Delta Dental of West Virginia Plan #01058. If you are not Medicare Eligible, you will continue with the health plan you have when you retire. Under the Special Medicare plan, the member purchases traditional Medicare Parts A and B, and their secondary medical and prescription claims are paid by UMR and Express Scripts, respectively. (8) When a retired teacher is employed as a critical needs substitute to fill a vacant position, the position vacancy shall be posted electronically and easily accessible to prospective employees as determined by the state board. Go to the following link on the WVDE site for a list of county . Time off (without loss of pay or charge to annual leave) is provided to eligible employees who, in response to a subpoena or direction by other proper authority, are . By Senators Hamilton, Stover, Baldwin, Caputo, Lindsay, Romano, and Woelfel. retirement benefits; 2). 0000056833 00000 n Z:~O (3) A person receiving retirement benefits under article seven-a, chapter eighteen of this code or who is entitled to retirement benefits during the fiscal year in which that person retired may accept employment as a critical needs substitute teacher for an unlimited number of days each fiscal year without affecting the monthly retirement benefit to which the retirant is otherwise entitled if the following conditions are satisfied: (A) The county board adopts a policy recommended by the superintendent to address areas of critical need and shortage for substitute teachers; (B) The policy sets forth the areas of critical need and shortage for substitute teachers in the county in accordance with the definition of area of critical need and shortage for substitute teachers set forth in subdivision (2) of this subsection; (C) The policy provides for the employment of retired teachers as critical needs substitute teachers during the school year on an expanded basis in areas of critical need and shortage for substitute teachers as provided in this subsection; (D) The policy provides that a retired teacher may be employed as a substitute teacher in an area of critical need and shortage for substitute teachers on an expanded basis as provided in this subsection only when no other teacher who holds certification and training in the area and who is not retired is available and accepts the substitute assignment; (E) The policy is effective for one school year only and is subject to annual renewal by the county board; (F) The state board approves the policy and the use of retired teachers as substitute teachers on an expanded basis in areas of critical need and shortage for substitute teachers as provided in this subsection; and. |Af#T V@,~DQ ( endstream endobj 18 0 obj <> endobj 19 0 obj <> endobj 20 0 obj <>/Font<>/ProcSet[/PDF/Text]>> endobj 21 0 obj <> endobj 22 0 obj <> endobj 23 0 obj <> endobj 24 0 obj <> endobj 25 0 obj <>stream The calculator is ONLY an estimate of your benefit. 0000036796 00000 n Holiday/Semi-Monthly Pay Day Calendar 2022 20 - West Virginia Day 4 - Independence Day 5 - Labor Day 30 - Memorial Day . Disability benefits with 10 years of service. WV State Employee Credit Union Application. Full-time WVDE employees are eligible to earn sick leave at a rate of 5.2 hours per pay period. WV Dept of Administration Finance Division. To House Pensions & Retirement Committee. You may continue your basic, optional and dependent life insurance at the time of retirement. Ph: (304) 558-6181 Fax: (304) 558-1950 Office Hours: M-F 8:30am - 4:30pm Email: Finance@wv.gov Calendar year taxpayers must file an annual return by April 15th each year for the preceding year. Consolidated Public Retirement Board West Virginia State Auditor's Office 4101 MacCorkle Avenue SE Building 1, Suite W-100 Charleston, WV 25304 Charleston, WV 25305 www.wvretirement.com www.wvsao.gov 2023 DIRECT DEPOSIT CALENDAR FOR RETIREES JANUARY FEBRUARY MARCH SM TWT F S S M T W T FS S M TW T F S . The purpose of this bill is to raise the retirement rate for deputy sheriffs. FBMC Retiree Benefits Guides*Premium Rate Charts, If you are a Non-Medicare Retiree, your agency participates in PEIA retirement insurance and you want to continue PEIA Health Insurance, you will need visit your Retirement Board and your HR Department. (9) Until this subsection is expired pursuant to subdivision (10) of this subsection, the state board shall report to the Joint Committee on Government and Finance, prior to February 1 of each year, information indicating the effectiveness of the provisions of this subsection on reducing the critical need and shortage of substitute teachers including, but not limited to, the number of retired teachers, by critical need and shortage area position filled and by county, employed beyond the post-retirement employment limit established by the Consolidated Public Retirement Board, the date that each person gave notice to the county board of the persons intent to retire, and the effective date of the persons retirement. What do I do now ? Bear in mind, if you are an actively working employee of WVSU and have PEIA coverage due to your active employment, PEIA will remain your primary coverage for yourself and any dependents you have covered by PEIA. Sign it in a few clicks. the Committee on Government Organization; and then to the Committee on Finance] A BILL to amend the Code of West Virginia, 1931, as amended, by adding there to a new section, designated 5-5-2a; to amend and . Math Field Day 2023. 4). In addition, employees are offered the voluntary opportunity to participate in the West Virginia Retirement Plus Program, a supplemental retirement plan designed to provide an extra savings alternative for all State, county, city and other political subdivision employees. The substitute shall be a duly certified teacher. PO Box 2105. V?.}I5ebqKn+IRQmV_^%|^1GqdgSZE}K_WhB q$R`1.yqLKM@[B8lwS^bbVcKf@%vih%M0cwe; ?Z.j B*?_ buUwM5XuO{BksO&:_}_vvEOX (i3KFOZ\"Df-o8pG][4\uHI%v7~ABfMda7M6 `Oi'#%(MbW #\HV(J1[6+d`2l$fvP,=U;7LM]V[x\a%O LK\:koMp$ File and pay taxes online at: The years of service for PEIA retiree medical insurance generally include the years that an employee has worked in a benefits-eligible status for the state of West Virginia. Finally, in West Virginia, as with most states, teacher . The State of West Virginia offers an outstanding defined benefit pension plan the Public Employees Retirement System (PERS) under the Consolidated Public Retirement Board. Direct Deposit Schedule. (4) Any person who retires and begins work as a critical needs substitute teacher within the same fiscal year in which that person retired shall lose those retirement benefits attributed to the annuity reserve, effective from the first day of employment as a retiree critical needs substitute teacher in that fiscal year and ending with the month following the date the retiree ceases to perform service as a critical needs substitute teacher. 0000001113 00000 n Employment of substitute teachers; and employment of retired teachers as substitutes in areas of critical need and shortage. The purpose of this bill is to increase the West Virginia State Police retirement annuity from three to four percent. Retired members who are enrolled in an HMO when they become Medicare-eligible will be transferred to PEIAs Special Medicare Plan. 17 0 obj <> endobj xref The purpose of this bill is to allow a surviving spouse one additional tax exemption of $20,000 beginning after December 31, 2023, for two taxable years after the death of the spouse. 12/26/2023. Click herefor more information on the West Virginia Retirement Plus Program. The maximum employer contributions to the 401(a) plan are set by the IRS. The TRS Retirement Benefit Calculator can be used to estimate your monthly retirement benefit for selected dates based on service and salary information you enter. The State Teachers Retirement system individually determines each disability application for a prospective disabled retiree. The limit is monitored internally and any employee with concerns should contact the benefit office if their salary exceeds the limit. Separate employment from West Virginia State University, 2. This information is for educational purposes only and not intended to provide tax or legal advice. Employee contributions to the Plan are managed via convenient payroll deductions. Mechanicsburg, PA 17055-2105 . The calculator is ONLY an estimate of your benefit. Testing Opportunity for Homeschool Students. 2022 Pension Payment Schedule Month Direct Deposit Date* Check Mailing Date** (Electronic Funds Transfer) January Monday, January 31 Thursday, January 27 . Share your form with others. Telephone You will need to fill out a. The Department of Education Leave Donation Program has established a leave donation program under which annual leave accrued by an employee may, if voluntarily agreed to by the employee, be transferred to the annual leave account of another designated employee if the other employee requires additional leave because of a medical emergency or prolonged illness. The purpose of this bill is to a supplemental benefit to annuitants in the Public Employees Retirement System. Note for New Retirees: . Vesting simply means employees contributions are theirs to keep should they decide to stop working for WVSU and obtain employment elsewhere. 0000056423 00000 n Request the rollover/withdrawal forms from your retirement vendor, 3. 0000036998 00000 n This ESTIMATE calculation, future salary, and years . Employees hired and continually covered by PEIA prior to July 1, 1988 can use accrued sick leave at the point in which they transition from active employment to retirement to pay 100% of the PEIA medical premiums. The purpose of this bill is to ensure the retirement contributions, and delinquency charges if applicable, of charter school employees are paid upon school closure or by a successor. The employee does not pay federal or state income tax on the contributions by the employee or WVU to the plan. Full benefits at any age with 35 years of service. If you wish to elect new or increased life insurance as a retired employee, you must enroll and submit medical information during the calendar month of retirement or the two following calendar months. FTE Enrollment 2nd Mo 22. 11/27/2023. This retirement program is similar to a 401(k) plan in structure except . /Note: Monthly Pension checks are dated and mailed on these dates. 2101 Washington Street East Building 17 Charleston, WV 25305. The purpose of this bill is to increase certain fees collected by county sheriffs and add these increased amounts to the Deputy Sheriff Retirement Fund to provide modest increases in benefits for retired deputies. Using Accrued Sick and Annual Leave to Extend Coverage upon Retirement* Charleston, West Virginia 25304 The full premium for the months from the date of retirement to the date of the first retirement check will be withdrawn. any amount as a result of using this calculator; 3). Payroll strives to provide friendly, courteous, and knowledgeable support to State agencies within the Department of Administration. FBMC Benefits Management, . of service credit, is not to be construed in any way Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Full-time employees at the WVDE are eligible to earn annual leave. Employer matching contributions are not considered taxable income. If you are Medicare Eligible, you may transfer directly to Humana. 0000054155 00000 n Once PEIA receives, reviews and processes the form, you will be moved into the Humana Plan and receive a welcome package. If you have questions regarding your particular circumstances, please callBenefits Office at 304-766-3184 or the Social Security Administration at 800-772-1213, or online atwww.ssa.govorwww.medicare.gov. final decisions concerning my benefits, I will contact the WV CPRB's 0000003117 00000 n 2023 KCS Summer Academy. Below are the Salary Schedules for teachers and support professionals (ESP) for the 2022-23 school year. 0000048263 00000 n 0000028272 00000 n 4101 MacCorkle Avenue S.E 0000002979 00000 n The WVDE grants military leave in accordance with the provisions of state law 15-1F-1 and under the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA ). SCHOOL PERSONNEL. The remaining 21.75 percent state contribution is to pay down the pension fund's debt. Building 17 In addition, employees are offered the voluntary opportunity to participate in the West Virginia Retirement Plus Program, a supplemental retirement plan designed to provide an extra savings alternative for all State, county, city and other political subdivision employees. Congratulations from PEIA on your retirement! Medicare-eligible employees who retire after the beginning of a plan year, and retired employees who become eligible for Medicare during the Plan year will be moved to the Special Medicare Plan. 3.33 years of service = 1 year individual coverage 5.00 years of service = 1 year family coverage Less than 12 month faculty service typically refers to 9 month faculty, but would include any contract of less than 12 months, such as 10 month, 11 month contracts, etc. Annual Leave - Use or Lose Calculator. hb``a``ag [qY8Peu";SoU,l6o (a) For school year 2022-2023, and continuing thereafter, each teacher shall receive the amount prescribed in the State Minimum Salary Schedule as set forth in this section, specific additional amounts prescribed in this section or article, and any county supplement in effect in a county pursuant to 18A-4-5a of this code during the contract year. 0000023848 00000 n Some commonly used payroll forms and links are provided on this page. WV State Teachers Retirement System (TRS) and PEIA guidelines are: To obtain a specific estimate as to an employees future retirement income with the 401(a) plan, TIAA provides online tools to estimate retirement income. WV State Teachers Retirement System (TRS) and PEIA guidelines are: Full benefits at age 60 with 5 years of service. Any other dates proclaimed by the President or Governor as official holidays. 0000019341 00000 n PEIAShoppersGuide,SummaryPlan Description, and Mountaineer Flex Benefits booklets will be sent via interdepartmental mail or as needed. Teachers Retirement System has no liability or 02. Insurance is complicated enough, therefore, this website is here to help you navigate the transition from active employee to retiree with or without PEIA coverage., *Retiree Premium Payment and Enrollment Information *Retiree FAQs* Employee contributions to the 401(a) plan are tax deferred for federal and state tax purposes. An employee does pay both Social Security and Medicare taxes on the employees contributions to the plan. State minimum salaries for teachers. 01. Combined Medical Power of Attorney and Living Will, Critical Need Substitute Teacher Affidavit, Retiree Return to Work with PERS Employer asPermanent Part-Time or Temporary Employee, Retired Public Safety Officer Authorization for Insurance Premium Deduction (PSOA-2023), Retired Public Safety Officer Insurance Carrier (ICA). The WV State Teachers Retirement System (TRS) provides income estimates upon receipt of a completed estimate request form. In addition, employees are offered the voluntary opportunity to participate in the West Virginia Retirement Plus Program, a supplemental retirement plan designed to provide an extra savings alternative for all State, county, city and other political subdivision employees. Once all of your paperwork is turned in, it will be 2-3 months before your retirement check will arrive. Avg State Funded Salaries 23 Final. (B) Teacher or substitute teacher includes speech pathologists, school nurses and school counselors. 0000001228 00000 n The Commonwealth of Pennsylvania is one of two states in the US that does tax contributions to a qualified retirement plan, such as the 401(a) plan, as income. 0000045022 00000 n This bill was recommended for introduction during the 2023 regular session of the Legislature by the Municipal Pensions Oversight Board. Coverage will be effective upon approval of PEIAs life insurance carrier. LegiScan is an impartial and nonpartisan legislative tracking and reporting service utilizing GAITS and LegiScan API. July 1 - June 30, 2022. You will need to update your coordination of benefits with UMR. These members in the Special Medicare Plan will be moved to PEIAs Medicare Advantage Plan at the beginning of the next plan year (the following January). The answer is if you are receiving health coverage through WVSU as either an actively working employee, or dependent, including the spouse,of an actively working employee you are not required to enroll in Medicare Part B. The retiree medical premium rates are based on: The rates are included in the PEIA Shoppers Guide each year and just like active employee rates are subject to change upon approval of the PEIA Finance Board and West Virginia Retiree Health Benefits Trust. may deduct up to $2,000 of benefits received from West Virginia Teachers Retirement System, West Virginia Public Employees Retirement System and Federal Retirement Systems (Title 4 USC 111). Click herefor more information on the West Virginia Retirement Plus Program. 10/21/2022 11:34:37 AM . )Yzp 3d fKTlNraX^]q U4ea-3?Bs%`\lDK6B-6)6MVw;_rWg_3y/Zs3c~gs7M9_[\3b_ovS(^_Ck|en)7/Ze_ .aI-rwV;|m1)xHrEuc(NqMYWzE[o?^L!XYi]sZ8#Q>^Wj.R:? IJKv)s*\rS8.'>x]q}{j:z$WW'ZcdTa#s+rv,1^v4H`{L%3MbX`y9P{x!7x"`!SjMK{ $;7N-gg>NCQ>6N6]?'b-(amttI%e#`N`IR:G/Z1QM`rQP9n*2*,ig+&tZy)>;V) You should seek guidance from licensed professionals before making important financial decisions.. Requests can be made online with TIAA, and WVSU can approve electronically. 2023-2024 KCS PreK Enrollment. Retirement Advisor in accordance with the laws in effect Retiree Basic Life and Health Enrollment Form* 0000001669 00000 n Credita ble Service (Tenure) Calculator. The annual increment amount is $60 for each full year of qualifying service and is paid in July of each year. The substitutes are not eligible for additional pension or other benefits paid to regularly employed employees and may not accrue seniority. The purpose of this bill is to define "medical examination" for disability retirement purposes in retirement plans administered by the Consolidated Public Retirement Board (PERS, DSRS, MPFRS, State Police Plan B, EMSRS, TRS, and NRPORS). Conversely, the most expensive are for those retirees with the fewest years of service and the employees and their dependents that are not eligible for Medicare. This retirement program is similar to a 401(k) plan in structure except . Documents - Kanawha County Schools. Advisor approximately six months prior to my anticipated date of retirement. In addition, employees are offered the voluntary opportunity to participate in the West Virginia Retirement Plus Program, a supplemental retirement plan designed to provide an extra savings alternative for all State, county, city and other political subdivision employees. You must have Medicare parts A and B. The years of service for PEIA retiree medical insurance generally include the years that an employee has worked in a benefit-eligible status for the state of West Virginia. An employee, if determined not to be disabled by Social Security, can appeal directly to PEIA for disabled retiree status. The least expensive rates are for those retirees and their covered dependents who are eligible for Medicare and have at least 25 years of service with PEIA. Forms for Full-time and temporary employees: WV Dept. Actual benefits will be calculated and verified by TRS staff when you retire. 18A-2-3. The least expensive rates are for those retirees and their covered dependents who are eligible for Medicare and have at least 25 years of service with PEIA.
