1 Welcome Back! Stephen Corl Business Department

2 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.

3 Health Insurance  Health Insurance packet  Plan selection due by September 10 th 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

Health Insurance Medicaid 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 4

5 Your Paycheck Update 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

Your Paycheck Keenan 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 1 st  Enrollment forms will be sent out soon  All rates will be over 10 months 6

7 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

8 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

9 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

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 New HireChild Care Family ChangesMedical Reimbursement Emp’s wanting changesChange in Salary

11 Retirement Savings  Supplement your retirement allowance  Deferred Compensation-457  Tax Sheltered Annuity-403(b) 403(b) 3 rd Party Administer Central Valley Support Services Roth available  Both provide current tax advantages

12 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

State Budget Update  Where’s the Budget? Projected $20 Billion deficit in 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 necessity 13

Summary of Facilities Moves  Information Systems moved to Boogaard Education Center  Rearranged the Round Building  Non-severe preschool from Richmond to Pioneer Elementary 14

Facility Changes for  Communication tower at Lemoore Center  Portable Classroom at Pioneer Elementary  Site planning for Kit Carson state preschool 15

16 We are here to serve and have fun doing it Have a Yabba Dabba Do! Year!