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CLOSED AT 11:59 PM 5/16/2016
Forms not faxed or emailed by midnight will not be accepted
Preparing for Hybrid Retirement Plan Auto-EscalationBeginning January 1, 2017, Hybrid Retirement Plan members’ voluntary contributions to their Hybrid 457 Deferred Compensation Plan accounts will automatically increase by 0.5 percent for those not already contributing the maximum 4 percent. Members will be able to opt out of the auto-escalation. There will be more information about how to opt out of auto-escalation as the time approaches.
The Hybrid 457 Plan was designed with an automatic escalation every three years to encourage members to maximize their tax-deferred retirement savings. The first increase will impact hybrid members hired on or before September 1, 2016, and who have a record in ICMA-RC’s system by September 15, 2016.
The Hybrid Retirement Plan Handbook and the Understanding Your Contributions video also provide background information on auto-escalation.
The Importance of Voluntary Contributions
Voluntary contributions at various levels up to 4 percent allow members to accumulate additional savings on a pre-tax basis. We encourage you not to wait for auto-escalation to take effect. By contributing 4 percent now, you will receive the full 2.5-percent employer match. In addition, taxes on the contributions and earnings are deferred, providing even more financial benefit.
This program is available on a first-come-first-served basis, contingent on the availability of budgeted funds. The Office of Benefits & Retirement Services has received a large number of reimbursement requests this year, and our funds are now depleted. There are no funds currently available to provide reimbursement for new requests received through the PWCS Tuition Reimbursement funds. Any new eligible requests received for reimbursement for fiscal year 2015-16 will be placed on a waitlist. Funding for courses taken July 1, 2016-June 30, 2017 will be considered for the new fiscal year, contingent on the budget approved for 2016-17. Courses taken within the 2015-16 fiscal year cannot be approved for 2016-17 funds.
Provisionally licensed teachers in core subject areas fall under the No Child Left Behind Tuition Reimbursement Program. Funds are currently still available with this program for current fiscal year classes and VCLA, VRE, Praxis II and other tests required for completion of provisional licensure for core subject teachers* through NCLB. Tests for teachers in non-core subjects fall under the PWCS budget and will only be reimbursable as long as funds are available for this fiscal year.
Please visit the Tuition Reimbursement page for additional information about all tuition reimbursement options or contact Jill Argueta with specific questions.
Using LiveHealth Online, you can have a video visit with a doctor or therapist on your smartphone, tablet or computer with a webcam. Online visits using LiveHealth Online are a covered benefit under your Anthem health plan. All you have to do is sign up at livehealthonline.com, or download the app.
- Get access to board-certified doctors 24/7. It’s a great option for care when your doctor isn’t available. Doctors using LiveHealth Online can provide medical care for common conditions, like the flu, colds, pink eye and more. And they’ll even send prescriptions to the pharmacy of your choice, if needed.1 A visit typically costs $49 or less, depending on your health plan.
- See a licensed therapist or psychologist. If you’re feeling stressed, worried or having a tough time, LiveHealth Online can help. In most cases, you can make an appointment and see a therapist or psychologist in four days or less.2Depending on your coverage, the cost may be similar to what you would pay for an office visit, considering your benefits, copay or coinsurance.
Steven Scott, representative from ICM-RC will be available monthly, by appointment only, at the Kelly Leadership Center in room 3208 for individual consultations with PWCS employees regarding their Hybrid VRS accounts. Upcoming dates will be March 31 and April 21. We schedule half-hour appointments from 9 am - 5 pm. THIS IS FOR VRS HYBRID MEMBERS ONLY for information regarding the defined contribution portion of the Hybrid plan with ICMA-RC. These appointments would not be valid for VRS Plan 1 or Plan 2 members who do not hold ICMA-RC accounts. Please contact Jill Argueta at email@example.com or 703.791.8927 to schedule your appointment. Please refer to the Benefits Web page calendar on the right for these and all future dates.