Welcome Back!
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Transcript of Welcome Back!
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Welcome Back!Stephen Corl
Business Department
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Highlights Health Insurance Your Paycheck Retirement Savings Employee Web State Budget Facilities Update Disclaimer: KCOE does not
provide tax advise. Tax information is provided as a service and should not be construed as providing tax advise. See your tax advisor for specific advise.
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Health Insurance Health Insurance packet Plan selection due by September 10th
If no selection, then prior year plan Health Insurance Rates
Rates continue to increase KCOE increased contribution last year Rate increase will increase employee
cost Dental Plan
DPO also known as PPO Incentive Plan AKA Traditional Plan
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Health InsuranceMedicaid And The Children’s Health
Insurance Program (CHIP) Offer Free Or Low-Cost Health Coverage To Children And Families
Notices were mailed to all employees
Copy of notice on Employee Web under documents
For more information, go to www.healthyfamilies.ca.gov 4
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Your PaycheckUpdate Beneficiaries Remember-If you have life changes,
beneficiary information may need to be updated
Some of products that may needed updating Employer paid life insurance Keenan Voluntary AD&D employee paid
insurance American Fidelity life insurance
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Your PaycheckKeenan Voluntary AD&D Insurance
Updated insurance with reduced rates All existing customers will need to re-enroll Offering increased no-cost AD&D of $2,000 Open enrollment ends October 1st
Enrollment forms will be sent out soon All rates will be over 10 months
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Your Paycheck Summer Pay Program
Purpose: Provide savings for non-work months If pleased with summer pay, then no change needed If you would like to make a change, call the payroll
department for an appointment
Social Security Numbers (SSN) Do not put your SSN on any form Use employee ID on all forms Your number is on your pay stub
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Your Paycheck Always review your STRS/PERS Annual
Statements Both systems have great on-line resources Each allow member account access
Direct Deposit Reminder Form available on KCOE Website
Found under Business Department Forms
Direct Deposit does not apply to manual checks
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Your Paycheck Section 125 (See handout in packet)
Reduces taxable income Used for
Health insurance premiums & medical reimbursement Child care Disability Insurance & Cancer Insurance
Health Care Reform Changes January 1, 2011-excludes over-the-counter meds January 1, 2011-employer cost of health insurance
reported on W-2 January 1, 2013-FSA limited to $2,500
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Your Paycheck Appointments will be September 7,8,9,10,13
Chris Cuevas, American Fidelity representative Reasons to meet
New hires Employees wanting changes Medical reimbursement
Medical reimbursement drops off every year Plan for reduction in FSA Call Jeani Brown for appointment at ext 7021
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New Hire Child Care
Family Changes Medical Reimbursement
Emp’s wanting changes Change in Salary
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Retirement Savings Supplement your retirement
allowance Deferred Compensation-457 Tax Sheltered Annuity-403(b)
403(b) 3rd Party Administer Central Valley Support Services www.cvsupportservices.org Roth available
Both provide current tax advantages
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Employee Web Link from the KCOE Intranet Use Employee ID/password Look-up pay stubs
You may have to temporarily allow pop-ups Shows tax allowances Submit address changes Work Calendars
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State Budget Update Where’s the Budget?
Projected $20 Billion deficit in 2010-2011 Requires severe cuts or increased revenues Some believe it could be November
K-12 is dependent on state funding State cuts will impact COE and Districts Districts are asking hard questions
Fiscal & Program necessity13
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Summary of Facilities Moves Information Systems moved to Boogaard
Education Center Rearranged the Round Building Non-severe preschool from Richmond to
Pioneer Elementary
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Facility Changes for 2010-2011 Communication tower at Lemoore Center Portable Classroom at Pioneer Elementary Site planning for Kit Carson state preschool
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We are here to serve and have fun doing it
Have a Yabba Dabba Do! Year!