Benefits

Compulsory. The District contributes 10.65% to this retirement fund - staff contribution is 8% of salary per month. Starting January 2007, the District will contribute 11.15%.

Compulsory. The District contributes 1.45% as does the employee.

District 50J is covered by MSA/Urman.  (Single premiums are $24.00.  Family coverage costs $243 per family)

LIFE --$15,000 -- Double indemnity in case of accidental death.

HEALTH -

FIRST - you pay an out-of-pocket $1250 per person per calendar year.  Three (3) covered family members to meet the deductible. 

AND

THEN - After the deductible: The Plan pays 80% until an individual has paid $2500 or a family has paid $5,000.

- As medical expenses increase, The plan pays 100% of the individual's expenses after the $2,500 per person or $5,000 per family has been reached in a calendar year. The maximum out-of-pocket cost will be $2500 per person or $5,000 per family.

MAXIMUM BENEFIT --- $1,000,000

Perscription deductible is $100/year. Maximum out-of-pocket is $1,000.

DENTAL -

Basic -  $75 lifetime deductible per person, benefits payable at 80% of eligible charges.

Major - No added deductibles, benefits payable at 50% of eligible charges.

Benefit payable for Basic and Major combined is $1,200 per calendar year per individual.

Orthodontics - $50 deductible per child (under 19 years of age).  50% reimbursement of the approved charges in the treatment plan.  Maximum lifetime orthodontic benefit - $1,500.

Benefits begin after 90 consecutive days of total disability.  The monthly income amount shall be equal to 60% of basic monthly earnings, not to exceed $2,500 a month.

LEAVE  -  (which may be used for illness, bereavement or for personal reasons) is provided at the start of the contract at the rate of one (1) day for each month of work (e.g., teachers receive 9 days).  Sick leave is accumulated without limit.  Accumulated leave may not be used for personal leave.  Emergencies which may require personal leave beyond current year allotment may be appealed to the Office of the Superintendent.

SICK LEAVE BANK (Optional)  -  Each full-time employee gives one sick leave day to the bank upon employment.  If the employee has used up all of his/her accumulated leave, the employee then is eligible to borrow up to sixty working days for personal illness.

Scholarships and reimbursement for some graduate work is available.

It is the policy of this District to provide a Voluntary Early Retirement Program that is cost effective and available to all full-time certified personnel who have at least 20 years of Colorado PERA Service Credit and are immediately eligible for retirement benefits pursuant to Colorado PERA rules and regulations.

The retiree will have worked full-time in the District at least 20 years of which the last 15 years must be consecutive service.  Full-time employment shall be defined as employment for at least six hours per day.

An employee planning to take advantage of this program must sign and submit necessary forms for retirement under this program by March 1 of the school year in which retiring.