0000006943 00000 n 0000053937 00000 n What do I do now ? The State Teachers Retirement system individually determines each disability application for a prospective disabled retiree. West Virginia State University routinely provides termination verification to TIAA electronically. Consolidated public retirement board: Fill out & sign online | DocHub PDF 2021 Direct Deposit Calendar for Retirees The retiree medical premium rates are based on: The rates are included in the PEIA Shoppers Guide each year and just like active employee rates are subject to change upon approval of the PEIA Finance Board and West Virginia Retiree Health Benefits Trust. All WVSU benefits-eligible service is included in this total. Charleston, WV 25305. School Finance Data 2022-2023 - West Virginia Department of Education These members in the Special Medicare Plan will be moved to PEIAs Medicare Advantage Plan at the beginning of the next plan year (the following January). The State of West Virginia offers an outstanding defined benefit pension plan the Public Employees Retirement System (PERS) under the Consolidated Public Retirement Board. You should seek guidance from licensed professionals before making important financial decisions.. Direct Deposit Schedule - nmpera.org Contact: Retirement Benefits Contact: Electronic Payments Division Consolidated Public Retirement Board West Virginia State Auditor's Office 1.800.654.4406 1.800.500.4079 The least expensive rates are for those retirees and their covered dependents who are eligible for Medicare and have at least 25 years of service with PEIA. An easy way to remember this is if you have a PEIA health insurance deduction on your WVSU paycheck, you are not required to have Medicare Part B. 0000028272 00000 n The years of service for PEIA retiree medical insurance generally include the years that an employee has worked in a benefit-eligible status for the state of West Virginia. You can visit customer service at PEIA to pick up a retirement packet or you can contact PEIA customer service at 1-888-680-7342 to requestthat a retirement packet be mailed to you. (a) The county superintendent, subject to approval of the county board, may employ and assign substitute teachers to any of the following duties: (1) Fill the temporary absence of any teacher or an unexpired school term made vacant by resignation, death, suspension or dismissal; (2) Fill a teaching position of a regular teacher on leave of absence; and. (3) A person receiving retirement benefits under article seven-a, chapter eighteen of this code or who is entitled to retirement benefits during the fiscal year in which that person retired may accept employment as a critical needs substitute teacher for an unlimited number of days each fiscal year without affecting the monthly retirement benefit to which the retirant is otherwise entitled if the following conditions are satisfied: (A) The county board adopts a policy recommended by the superintendent to address areas of critical need and shortage for substitute teachers; (B) The policy sets forth the areas of critical need and shortage for substitute teachers in the county in accordance with the definition of area of critical need and shortage for substitute teachers set forth in subdivision (2) of this subsection; (C) The policy provides for the employment of retired teachers as critical needs substitute teachers during the school year on an expanded basis in areas of critical need and shortage for substitute teachers as provided in this subsection; (D) The policy provides that a retired teacher may be employed as a substitute teacher in an area of critical need and shortage for substitute teachers on an expanded basis as provided in this subsection only when no other teacher who holds certification and training in the area and who is not retired is available and accepts the substitute assignment; (E) The policy is effective for one school year only and is subject to annual renewal by the county board; (F) The state board approves the policy and the use of retired teachers as substitute teachers on an expanded basis in areas of critical need and shortage for substitute teachers as provided in this subsection; and. The Commonwealth of Pennsylvania is one of two states in the US that does tax contributions to a qualified retirement plan, such as the 401(a) plan, as income. Medical benefits under the Special Medicare Plan are generally the same as those provided under PEIAs Medicare Advantage plan.For Medicare Retirees, Medicare will be primary and PEIA will be secondary. The purpose of this bill is to add the Natural Resource Police Officers Retirement System and public charter schools for federal pick-up contribution purposes. . by the Department are required by state law to be members in the Teachers Retirement System administered by the West Virginia Consolidated Public Retirement Board. Testing Opportunity for Homeschool Students. Credita ble Service (Tenure) Calculator. Another alternative is to continue in the PPB plan you have when you retire through PEIA's Special Medicare Plan (see section below). I acknowledge and agree that: 1). (b) Notwithstanding any other provision of this code to the contrary, a substitute teacher who has been assigned as a classroom teacher in the same classroom continuously for more than one half of a grading period and whose assignment remains in effect two weeks prior to the end of the grading period, shall remain in the assignment until the grading period has ended, unless the principal of the school certifies that the regularly employed teacher has communicated with and assisted the substitute with the preparation of lesson plans and monitoring student progress or has been approved to return to work by his or her physician. final decisions concerning my benefits, I will contact the WV CPRB's Retirement - West Virginia The answer is if you are receiving health coverage through WVSU as either an actively working employee, or dependent, including the spouse,of an actively working employee you are not required to enroll in Medicare Part B. Bear in mind, if you are an actively working employee of WVSU and have PEIA coverage due to your active employment, PEIA will remain your primary coverage for yourself and any dependents you have covered by PEIA. PDF Holiday/Semi-Monthly Pay Day Calendar 2022 - West Virginia The purpose of this bill is to a supplemental benefit to annuitants in the Public Employees Retirement System. July 1 - June 30, 2022. Delta Dental of West Virginia Plan #01058. If you have left the employment of West Virginia State University you can contact TIAAto request a rollover or withdraw from your account. This ESTIMATE calculation, future salary, and years 10/21/2022 11:34:37 AM . Title: 2023 biweekly pay calendar DRAFT v4 FINAL.xlsx Author: lisa.comer Created Date: 5/24/2022 3:42:21 PM Click herefor more information on the West Virginia Retirement Plus Program. 0000002979 00000 n Employees hired on or after July 1, 1988 but before July 1, 2001 are eligible to use sick leave to pay for 50% of the PEIA retiree medical premium. An employee is eligible to receive paid leave for the time required to determine surgical fitness and compatibility as a potential donor, as verified by a physician or medical practitioner, even if subsequently found to be surgically unfit or incompatible, or if the organ donation does not occur. Direct deposits to your bank account will be on this date or later due to bank processing. 0000002561 00000 n For retirees with direct deposit of their pension payments, PERA will release direct deposit benefit payments on the last working day of the month. 10/25/2023. 2023West Virginia State University | P.O. When using this calculator you will need to provide certain information (hint: you might want to refer to your most recent annual TRS retirement statement). You will need to fill out a. . The maximum amount an employee may contribute (always the mandatory fixed contribution of 6%) is set by IRC 401(a)(17) Annual Compensation Limit. Surviving dependents are treated as they are a retiree with 25 years of service and are eligible for lower premiums as determined by years of service. V?.}I5ebqKn+IRQmV_^%|^1GqdgSZE}K_WhB q$R`1.yqLKM@[B8lwS^bbVcKf@%vih%M0cwe; ?Z.j B*?_ buUwM5XuO{BksO&:_}_vvEOX (i3KFOZ\"Df-o8pG][4\uHI%v7~ABfMda7M6 `Oi'#%(MbW #\HV(J1[6+d`2l$fvP,=U;7LM]V[x\a%O LK\:koMp$ They do not include any local salary supplements that your county may have in place. WV State Teachers Retirement System (TRS) and PEIA guidelines are: To obtain a specific estimate as to an employees future retirement income with the 401(a) plan, TIAA provides online tools to estimate retirement income. 03. Consolidated Public Retirement Board West Virginia State Auditor's Office 4101 MacCorkle Avenue SE Building 1, Suite W-100 Charleston, WV 25304 Charleston, WV 25305 www.wvretirement.com www.wvsao.gov 2022 DIRECT DEPOSIT CALENDAR FOR RETIREES JANUARY FEBRUARY MARCH SM TWT F S S M T W T FS S M TW T F S 112345 12345 If you are a Medicare Retiree, your agency participates in PEIA retirement insurance and you want to continue PEIA Health Insurance, you will need visit your Retirement Board and your HR Department. cTuW}DI /Note: Monthly Pension checks are dated and mailed on these dates. It also defines surviving spouse. The years of service for PEIA retiree medical insurance generally include the years that an employee has worked in a benefits-eligible status for the state of West Virginia. (8) When a retired teacher is employed as a critical needs substitute to fill a vacant position, the position vacancy shall be posted electronically and easily accessible to prospective employees as determined by the state board. (9) Until this subsection is expired pursuant to subdivision (10) of this subsection, the state board shall report to the Joint Committee on Government and Finance, prior to February 1 of each year, information indicating the effectiveness of the provisions of this subsection on reducing the critical need and shortage of substitute teachers including, but not limited to, the number of retired teachers, by critical need and shortage area position filled and by county, employed beyond the post-retirement employment limit established by the Consolidated Public Retirement Board, the date that each person gave notice to the county board of the persons intent to retire, and the effective date of the persons retirement. Avg State Funded Salaries 23 Final. Pay Days Holiday/Pay Day Pay/Holiday Calendar Columbus Day Veteran's Day Thanksgiving Day Day After Thanksgiving Christmas Eve (Full Day) New Year's Eve (Full Day) October 11 June 21 New Year's Day Martin Luther King Day President's Day Memorial Day 2021 November 25 November 26 November 11 Holidays January 1 January 18 February 15 May 31 July 5 . For example, if your current employers plan accepts transfers from other plans, you can roll over funds from other qualified plans into your current employers plan and defer your required minimum distributions until April 1 following the calendar year you retire. FTE Enrollment 2nd Mo 22. PDF 2022 Retirement Calendar Once PEIA receives, reviews and processes the form, you will be moved into the Humana Plan and receive a welcome package. The WVDE grants military leave in accordance with the provisions of state law 15-1F-1 and under the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA ). The PEIA Retiree Medical Premiums Forms for Full-time and temporary employees: WV Dept. All employer matching contributions are also 100% immediately vested. The purpose of this bill is to allow a surviving spouse one additional tax exemption of $20,000 beginning after December 31, 2023, for two taxable years after the death of the spouse. 09/26/2023. Calendar year taxpayers must file an annual return by April 15th each year for the preceding year. The employee does not pay federal or state income tax on the contributions by the employee or WVU to the plan. 0000010264 00000 n Employee contributions to the 401(a) plan are tax deferred for federal and state tax purposes. Benefits - West Virginia Department of Education PDF St Virginia Ts Guide Less than 12 month faculty years of service for employees hired prior to July 1, 2009, PEIA retiree medical premiums are waived. A common question asked by employees is what you are supposed to do when you turn 65 and become eligible for Medicare while working at WVSU. Reduced benefits before age 55 with at least 30 but less than 35 years of service. The full premium for the months from the date of retirement to the date of the first retirement check will be withdrawn. The schedules listed below are the state minimum scales with basic plus state supplement. Retirement - West Virginia Termination Form*Retiree Optional and/or Dependent Life Enrollment Form* If you choose to move directly to Humana, you will need to call PEIA at 1-888-680-7342 and request a transfer form. FBMC Retiree Enrollment Forms* Some commonly used payroll forms and links are provided on this page. The substitutes are not eligible for additional pension or other benefits paid to regularly employed employees and may not accrue seniority. The purpose of this bill is to allow a credit toward judicial retirement for public defender service. Conversely, the most expensive are for those retirees with the fewest years of service and they and their dependents are not eligible for Medicare. It is important to note that this estimate is only as accurate as the information provided. You will need to visit the Social Security Office and sign up for Medicare parts A and B. PEIA will need a copy of your Medicare card when you receive it. 0000000916 00000 n 0000032650 00000 n Employees are granted paid time off in observance of the following official holidays. Note for New Retirees: . By entering this interactive retirement calculator, 01. West Virginia Consolidated Public Retirement Board's site. PDF 2023 biweekly pay calendar DRAFT v4 FINAL - das.wv.gov