Planning to retire this July 1? Here are the top three actions to take to prepare for your upcoming retirement.
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Review this timeline for a detailed list of actions to take in preparation for this significant milestone.
Find out if you are eligible for service credit on your pension for time worked with other organizations. You might be able to increase your retirement benefit or even retire earlier than you expected.
If your retirement is within sight, you’ll want to begin researching retiree health benefit options. Will you continue your MCPS healthcare benefits? How will Medicare eligibility affect your health coverage in the future?
These defined contribution plans allow you to save for retirement with pretax dollars, reducing the taxes you pay on your income.
'For Your Benefit' Current Issue
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Employee Benefits
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Flexible Spending Accounts
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For Your Benefit
Submit 2019 FSA Claims to Benefit Strategies by the Deadline or Risk Losing Your Balances!
Be sure to review your 2019 flexible spending account(s) (FSAs) and use any remaining account balance(s) before March 15, 2020.
If you have misplaced your W-2 and/or 1095-C and need a duplicate, you will need to download and print a duplicate from the Employee Self-Service (ESS) web page by authorizing web delivery.
Your MCPS sick leave is a valuable benefit. Learn just how valuable it is to both your peace of mind and your pocketbook.
Does ERSC have your correct address and information for your direct deposit account? Are your beneficiaries up to date? Find out how to make any needed updates.
Certain employees enrolled in the MCPS life insurance program see a line on their pay advice that refers to “EXS Life.” Discover what this mystery dollar amount is and how it affects your taxable income.
You have until October 2, 2020, to complete a biometric health screening and health risk assessment to receive reductions in your 2021 health insurance rates. Also, if you and/or your spouse use tobacco, consider quitting to have the 25 percent surcharge to your health insurance costs removed once you are tobacco-free for 12 months.
Have you received an unexpected call from the Employee and Retiree Service Center (ERSC)? To be sure it was an ERSC staff member who called, hang up and call us yourself.
Employee Benefits Open Enrollment will be held online from October 7–November 1, 2019. Here is what you can expect during this year’s Open Enrollment.
Do you know how to make changes to your benefits during Open Enrollment? How about how to attest to your 2019 tobacco-use status? Find out here. Also, read these do’s and don’ts to make sure the process for submitting changes to your benefits for calendar year 2020 goes smoothly.
Find answers to common questions about Open Enrollment so you will be ready to enroll in or change your benefits and make your tobacco-use attestation(s).
Take a few simple steps to get ready for this year’s Open Enrollment.
Join us at an Open Enrollment Benefit Fair to meet benefit plan vendors and discuss your options with Employee and Retiree Service Center (ERSC) staff.
Flexible spending accounts (FSAs) let you set aside a specified dollar amount from your pay “pretax” to pay for qualifying out-of-pocket medical and dependent-care expenses. This amount reduces your gross pay and is sheltered from taxes. Find out if an FSA is right for you.
Find out how to take advantage of this new benefit for permanent MCPS employees to help you reduce your stress and enhance your fitness.
Be sure to review your 2019 Retirement Benefit Statement on PenPoint, the MCPS self-service, online retirement system.
Come to a Retirement Information Session and a Forms Workshop to help you get ready for retirement.
To continue receiving rate reductions on your health insurance, you must participate in the Wellness Initiatives program every year by completing a biometric health screening and health risk assessment within the announced time frame.
Are you covered by an MCPS-provided medical insurance plan through CareFirst or Kaiser Permanente? If so, you have until October 4, 2019, to meet the program requirements and pay a smaller percentage of the cost of your health insurance in 2020.
Review this table to find out the steps to take to participate in Wellness Initiatives and reap the benefits in 2020.
This summer, Well Aware will host lots of opportunities for you to complete a biometric health screening at MCPS central office locations.
Are you retiring this year and intending to lower your contributions to your retiree health insurance in 2020 through the Wellness Initiatives program? If so, you will need to complete a biometric heath screening and health risk assessment by October 4, 2019, as a retiree, even if you already completed them for 2020 while still an employee.
Retiring soon? Be sure to review this information on important forms, deadlines, and resources as you make your preparations.
Learn about an update to MCPS’s retiree benefits plan eligibility requirements.
A policy change has extended the length of dental and vision coverage for dependents of MCPS employees until the end of the month in which they turn 24.
Find out when MCPS will accelerate pay date(s) this September to allow 10-month employees to receive a full paycheck more quickly.
