2023-2024SUPPORTSERVICES WaterfordPublicSchools

Employee Benefits

Health Insurance

• Qualified employees of the Waterford Board of Education are entitled to receive Medical & Dental Insurance. Waterford’s Health Insurance is a self-insured plan administered by Anthem Blue Cross and Blue Shield. The self-insured plan covers the first $175,000 per person per year, with any amount in excess being covered by Stop-Loss Insurance.

Life Insurance

• This includes costs associated with coverage as negotiated in several union contracts.

Fica

• As an employer, we are obligated to match our employees’ deductions for social security. Most support personnel are required to contribute to this fund based on their number of scheduled hours. Also, we are required to contribute the Medicare portion (1.45%) on all new certified personnel hired since 1986.

Reimbursements

• This includes contractual obligations for tuition reimbursement and maintenance/custodian shoe allowance.

• Tuition reimbursement under the teacher’s contract is set at $95,000. The remaining amount is for contractual obligations for various support staff bargaining units.

$9,293,900

Unemployment Compensation

• We are required to contribute to the unemployment compensation of eligible former employees who earned wages from WaterfordPublic Schoolsduringa specified benefit period.

Workers’ Compensation

• According to State statute, we must maintain workers’ compensation coverage in the event an employee is injured while on the job. Coverage is provided by CIRMA (Connecticut Inter-local Risk Management Agency) and premiums are based on rates per job category and claim history.

Unused Sick Leave

• This is the contractual obligation for the payment of unused sick leave upon retirement. The projection is based upon notifications from teachers of a pending retirement for the next school year. While many senior employees still retain this benefit, contract negotiations have achieved reduced benefits for mid-career employees and have eliminated this benefit for new hires.

Retirement Incentive

• The amount budgeted is the payment due for those employees who retire. The projection is based on retirement notifications received per contractual obligations prior to December 1st .