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PUHSD Retirement Workshop

PUHSD Retirement Workshop. Final Pay Biweekly Pay Balance of Contract Checks Early Notification Bonus. Post-Employment Insurance Benefits Private New Employer Group COBRA – ASRS Subsidy ASRS – ASRS Subsidy & ER Program Reimbursement. PUHSD Early Retirement Program

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PUHSD Retirement Workshop

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  1. PUHSD Retirement Workshop

  2. Final Pay • Biweekly Pay • Balance of Contract Checks • Early Notification Bonus

  3. Post-Employment Insurance Benefits • Private • New Employer Group • COBRA – ASRS Subsidy • ASRS – ASRS Subsidy & ER Program Reimbursement

  4. PUHSD Early Retirement Program • Insurance Premium Reimbursement • Monthly Medical Reimbursement Payments • First Banking Day of the Month • Non-Taxable Payment

  5. PUHSD Early Retirement Program (continued) • Life Insurance • Taxable Fringe Benefit for Coverage in Excess of $50,000 • Subject to State & Federal Tax, Social Security & Medicare • Unpaid Social Security & Medicare Tax • W’s in Future Years

  6. Returning to Work After Retirement • ASRS Regulations & Process • PUHSD Pay Rates

  7. Leave/Vacation Payout • Total Value Under $5,000 – paid to employee • Total Value $5,000 and over – paid into 403B Special Pay Plan • 403b/457 Transfers & Withdrawals • Require Plan Administrator Approval • TSA Consulting

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