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Welcome Back!Stephen Corl

Business Department

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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.

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

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 InsuranceMedicaid 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 www.healthyfamilies.ca.gov 4

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Your PaycheckUpdate 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 PaycheckKeenan 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 1st

Enrollment forms will be sent out soon All rates will be over 10 months

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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

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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

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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 7021

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New Hire Child Care

Family Changes Medical Reimbursement

Emp’s wanting changes Change in Salary

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Retirement Savings Supplement your retirement

allowance Deferred Compensation-457 Tax Sheltered Annuity-403(b)

403(b) 3rd Party Administer Central Valley Support Services www.cvsupportservices.org Roth available

Both provide current tax advantages

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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 2010-2011 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 necessity13

Summary of Facilities Moves Information Systems moved to Boogaard

Education Center Rearranged the Round Building Non-severe preschool from Richmond to

Pioneer Elementary

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Facility Changes for 2010-2011 Communication tower at Lemoore Center Portable Classroom at Pioneer Elementary Site planning for Kit Carson state preschool

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We are here to serve and have fun doing it

Have a Yabba Dabba Do! Year!