Voluntary Benefit Options / Retirement Savings Plans
Voluntary Insurance Options
Employees have access to enroll in additional voluntary insurance options with approved third party vendors at their own expense through payroll deduction. These options include, but are not limited to the following:
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Cancer Insurance
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Accident Insurance
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Disability Insurance (Long term/Short Term)
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Life Insurance (Term/Whole Life)
Approved third party vendors include:
Flexible Spending Accounts
Section 125 Flexible Spending Accounts are administered by Ameriflex. Employees are eligible to direct part of their pay, on a pre-tax basis, into special accounts that can be used to reimburse themselves for eligible Dependent Day Care and/or Medical expenses. Please contact the Benefits Analyst or an Ameriflex representative to learn about annual reimbursement maximums and a list of eligible medical expenses.
403B/457 Retirement Savings Plans
We are pleased to offer 403(b) and 457 plan options to eligible employees in order to help save for retirement. Employees are eligible to direct part of their pay, on a pre-tax basis, into an annuity plan with an investment provider of their choice. Plan oversight and administration is provided by Envoy Plan Services. Annual contribution limits apply to all plans.
More information regarding 403b/457 plans can be provided by our partner Teacher's Pension. If you would like more information regarding these options, please contact our Teacher's Pension representative:
Daniel L. Krause, AIF®
Financial Advisor
Teacher’s Pension Services
Cell: 209-765-0592
dkrause@tpensions.com
Need to meet?: https://calendly.com/dkrause/cccoe
Certificated Employees
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Disability Income Protection – Coverage available through Standard Insurance Company. Benefit up to 75% of salary minimum $25 per day
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CalSTRS Retirement – Classic members make a 10.25% member contribution and PEPRA new members make an 10.205% member contribution (subject to change by STRS retirement system)
Classified Employees (Local One Members)
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Life Insurance – Provided by New York Life Insurance Company agency paid $25,000
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State Disability – Classified employees eligible for California State Disability benefit up to 65% of salary
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Social Security – Classified members contribute to social security
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CalPERS Retirement – At this time Classic members make a 7% member contribution and PEPRA New members make a 8% member contribution (subject to change by PERS retirement system)
Classified Management
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Life Insurance – Provided by New York Life Insurance Company agency paid $50,000 Life/AD&D
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Short Term/Long Term Disability – Provided by New York Life Insurance Company
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Social Security – Classified members contribute to social security
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CalPERS Retirement – At this time Classic members make a 7% member contribution and PEPRA New members make a 8% member contribution (subject to change by PERS retirement system).
Certificated Management
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Life Insurance – Provided by New York Life Insurance Company agency paid $50,000 Life/AD&D
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Short Term/Long Term Disability – Provided by New York Life Insurance
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CalSTRS Retirement – Classic members make a 10.25% member contribution and PEPRA new members make an 10.205% member contribution (subject to change by STRS retirement system)
