“Explore, Discover, Excel” Payroll / Insurance Orientation.
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Transcript of “Explore, Discover, Excel” Payroll / Insurance Orientation.
![Page 1: “Explore, Discover, Excel” Payroll / Insurance Orientation.](https://reader036.fdocuments.us/reader036/viewer/2022062421/56649e4d5503460f94b4262b/html5/thumbnails/1.jpg)
“Explore, Discover, Excel”
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Payroll / Insurance Orientation
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Agenda/Topics to Be Covered
Department StaffTypes of leavePayroll deduction optionsBenefits reviewRequired paperwork
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DEPARTMENT STAFF
PAYROLL Janie Honea
Dawn McCord
INSURANCE Pam Clardy
Laura Zastrow
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As a permanent employee of the Madison County
Board of Education you are entitled to the following
benefits . . . .
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SICK LEAVE
1 Sick Leave Day Earned Per Month WorkedBased on Contract Months
Example: 9 month Teachers1 day per month
Sept. - May
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PERSONAL LEAVE
State Personal Leave – 1 day per semester;
2 per year @ no cost
All Unused Personal Leave Rolls To Sick Leave July 1st
Board Personal Leave – 1 ½ days per semester; 3 per year With Board Personal Leave Cost May Apply:
$55 per day certified $19 per day supportwith 10 years 1 day @ no cost
with 13 years 2 days @ no cost
with 16 years 3 days @ no cost
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VACATION
12 Month Employees Earn
5/6 of a Day Per Month (.84)
You Can Only Carry Over
10 Days July 1st each year
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SICK LEAVE BANK
Requires a deposit of five of your sick leave days
Upon exhausting your sick leave the bank allows you to “borrow” up to fifteen days
Complete an application at the time of hire, or during open enrollment
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OTHER LEAVE
Family Medical Leave up to 60 days without pay
IS AVAILABLE UPON PRIOR APPROVAL
Catastrophic Leave
must be a member of the sick leave bank
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DEFERRED COMPENSATION PROGRAMS
403B Annuities: VALIC TIAA/CREF
457 Plans: TIAA/CREF
RSA 1
403B7 Mutual Funds: TIAA/CREF
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AEA MEMBER BENEFIT PROGRAMS
Automobile, Homeowners
Disability, AD&D, Term Life, Universal Life
Long-Term Care
Deferred Compensation Plans
Critical Care
Cancer
Legal Services
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Mandatory 7.5% Gross Salary Per Month for Tier I employees
Mandatory 6.0% Gross Salary Per Month for Tier II employees
$15,000 Paid Life Insurance
Vested in Ten Years*
*To become vested in ten years, an employee must work full time*
Teachers’ Retirement Systems of Alabama
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DIRECT DEPOSITAllows your check to be deposited directly into your account
No worries about checks being lost in the mail
No delays in receiving your checks
Free checking accounts are offered by Compass Bank and Huntsville Teachers Credit Union
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Date of Employment or
First Day of the Month Following Employment or
October 1st
Part Time & Temporary Employees should contact the Payroll/Insurance Department for Eligibility of Benefits
Your effective date for insurance benefits may be any of the following. . . .
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OPEN ENROLLMENT
July 1st
thru
August 31st
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MEDICAL INSURANCE
Immediate Eligibility or Open Enrollment
PEEHIP / BCBS
VIVA (HMO)
Premium rates will be included in your new employee packet.
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SUPPLEMENTAL INSURANCE
S
OU
TH
LA
ND
N
ATIO
NA
L Dental Cancer Vision Indemnity
Immediate Eligibility or Open Enrollment
IF YOU CHOOSE TO ENROLL IN MEDICAL INSURANCE YOU MAY ALSO PURCHASE ANY OR ALL OF THE SUPPLEMENTAL POLICIES. RATES WILL BE
INCLUDED IN YOUR NEW EMPLOYEE PACKET.
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LIFE INSURANCE
Board Paid $14,000 Policy
Employee Can Purchase Additional Coverage Up to $600,000.00
Immediate Eligibility or Open Enrollment
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INSTRUCTIONS
USE BLACK OR BLUE INK
READ INSTRUCTIONS CAREFULLY
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In your new employee
packet you will find the
following forms for
completion . . . .
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Teachers’ Retirement System
Please use black or blue
ink
Complete with signature and date
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Federal Tax Withholding
Please use black or blue ink
Complete with signature and date
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State Tax Withholding
Please use black or blue ink
Complete with signature and date
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Life Insurance
Please use black or blue
ink
Complete 3 pages with signature and date
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Direct Deposit Authorization
Be sure to include a voided check
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Required Paperwork
Life Insurance Enrollment Form Teachers’ Retirement System of Alabama
Member Information Record Direct Deposit Application W-4 Federal Tax Withholding A-4 State Tax Withholding
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Summary
In order for you to be processed in our payroll department we would like to remind you to submit all paperwork as soon as possible.
Information can be obtained in more detail by accessing the specific area in question on our website.
We are glad to have you as employees of the Madison County Board of Education and hope you have a great year.
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Other Resources
Benefits Handbook
Quarterly Newsletter
Website: www.madison.k12.al.us