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 will 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?
To better protect employees’ personal information, remote users now need to log in to the MCPS network to access most ESS applications. Find out what this means for you.
Take note of this year’s contribution limits for your 403(b) and 457(b) plans. Learn about saving with a 403(b) or 457(b) plan.
'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 2022 FSA Claims to Voya/Benefit Strategies by the Deadline or Risk Losing Your Balances!
Learn where to review your 2022 flexible spending account(s) (FSAs) and be sure to use any remaining account balance(s) before March 15, 2023.
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.
You have until October 6, 2023, to complete a biometric health screening and health risk assessment to receive reductions in your 2024 health insurance rates.
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.
Employee Benefits Open Enrollment will be held online from October 10–November 4, 2022. Here is what you can expect during this year’s Open Enrollment.
Find answers to common questions about Open Enrollment so you will be ready to enroll in or change your benefits.
Take a few simple steps to get ready for this year’s Open Enrollment.
Join us for in-person Open Enrollment Benefit Fairs or online Webinars to meet benefit plan vendors and discuss your options with Employee and Retiree Service Center (ERSC) staff.
Do you know how to make changes to your benefits during Open Enrollment? 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 2023 goes smoothly.
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.
Be sure to review your 2022 Retirement Benefit Statement on PenPoint, the MCPS self-service, online retirement system.
Attend an in-person Retirement Informational Session and a Retirement Forms workshop or view recorded webinars to help you get ready for retirement.
If you have not already named beneficiary(ries) for your Fidelity 403(b) and 457(b) retirement savings account, be sure to do so. If you don’t, plan benefits might not be paid the way you intended.
To receive 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.
If you have made a major life change, make sure the decisions you made previously regarding your beneficiary/ies are aligned with your current intentions.
Let’s have fun with this online program to help us select, prepare, and eat a colorful variety of vegetables and fruits every day!
Retiring soon? Be sure to review this information on important forms, deadlines, and resources as you make your preparations.
If you are a 10-month employee who plans to retire on July 1, 2022, learn about your options to either maintain active employee benefits through September 30, 2002, or request a refund of your prepaid employee benefit premiums.
If you and/or your eligible dependent(s) are Medicare-eligible, be sure to enroll in Medicare Parts A and B three months before you retire to maintain medical benefits through MCPS.
Retiring Soon? The Montgomery County Public Schools Retirees Association Is Looking for New Members!
If you will retire soon, learn about and consider joining the Montgomery County Public Schools Retirees Association.
Find out about an alternative way to complete your biometric health screening, which is available again this year.
Review this table to find out the steps to take to participate in the Wellness Initiatives program and reap the benefits in 2023.
Are you retiring this year and intending to lower your contributions to your retiree health insurance in 2023 through the Wellness Initiatives program? If so, you will need to complete a biometric heath screening and health risk assessment by October 7, 2022, as a retiree, even if you already completed them for 2023 while still an employee.
Employees with a 2022 flexible spending account (FSA) will need to use their remaining balances before March 15, 2023. Those with a 2021 FSA have until December 31, 2022, to spend those funds.
