Opeb recommendations new employees
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OPEB Recommendations New Employees. School Board Special Meeting and Work Session March 10, 2009. Input and Evaluation Process. Oct. 28 -Presented original proposal to Board Nov. 3-Dec. 3-Employee/retiree meetings Dec. 9-Feedback from meetings provided to Board

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OPEB Recommendations New Employees

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Opeb recommendations new employees

OPEB RecommendationsNew Employees

School Board Special Meeting and Work Session

March 10, 2009


Input and evaluation process

Input and Evaluation Process

  • Oct. 28 -Presented original proposal to Board

  • Nov. 3-Dec. 3-Employee/retiree meetings

  • Dec. 9-Feedback from meetings provided to Board

  • Feb. 3-Recommendation to focus on future employees, current employees and current retirees as separate groups

  • Feb. 5-Retiree focus group

  • Feb. 6-Board retreat


Implementation phases

Implementation Phases

New Employees

  • Effective 7/1/09 for those hired on or after that date

    Current Employees

  • Recommendations in near future

  • Earliest implementation 7/1/10

    Current Retirees

  • Delay consideration until after Board meets

    in August 2009


New employees hired on or after 7 1 09

New Employees(Hired on or after 7/1/09)

No changes recommended to original proposal

Pre-65

  • All position classifications will participate in VRS only, with health insurance credit upon retirement (minimum 15 years VRS service required)

  • Access to NNPS plans will be available (new medical plan, dental, vision) with 15 years total NNPS service and 2 years in plan

  • Will not receive contribution for insurance from NNPS Board


New employees hired on or after 7 1 091

New Employees(Hired on or after 7/1/09)

No changes recommended to original proposal

Post-65

  • Receive VRS health insurance credit if eligible – for use to purchase Medicare supplement or other individual insurance


Questions

Questions?


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