Welcome to Employee Benefits!
NORTH CAROLINA PUBLIC SCHOOLS BENEFITS AND EMPLOYMENT POLICY MANUAL
All full-time employees of Yancey County Schools are eligible for the health insurance provided through the State of North Carolina on a non-contributory basis. Family members may be covered on a contributory basis. Open enrollment is from October 1-October 31 annually.
The Yancey County School System partners with First Financial to offer additional policies including vision, dental, life, accident, disability, supplemental retirement plans, etc. Flexible spending accounts are also available for medical and childcare needs. New employees may enroll in plans throughout the year. Open enrollment for current employees occurs in the fall for the next calendar year.
All Yancey County Schools personnel who are regular, full-time employees are required by law to become members of the North Carolina Teachers and State Employees System. An employee contributes 6% of his or her salary along with the local school system’s contribution of over 16%. The 6% employee contribution is tax sheltered.
After five years (10 years if you became a member on or after 8/1/2011) of creditable service, the employee qualifies for monthly retirement benefits, based on the retirement salary formula. This benefit is prorated based on age and service.
The retirement system also pays a death benefit to the designated beneficiary(ies) of any member who has contributed to the retirement system for at least one year and who dies while still an active member. The death benefit pays a minimum of $25,000 and maintains a maximum of $50,000.
TRACK YOUR RETIREMENT CONTRIBUTIONS
Contributing employees may login to their ORBIT account for information on their years of service, retirement estimates, and account balances. Retirement forms may also be found here.
NC 401K SUPPLEMENTAL RETIREMENT PLAN
The State sponsors the Plan through the legislation enacted by the General Assembly. The NC State 401-K Plan enhances your employee benefit package by providing you with benefits such as tax deferral, investment flexibility, and access to funds with a loan provision.
LONGEVITY PAY PLAN
As directed by the General Assembly, in July 2014 teacher longevity payments are now included in all teacher salary schedules. All other permanent full-time or part-time employees (20 hours per week or more) employed for at least 10 years of State Service are eligible for payments. Longevity pay is automatic. Payment shall be made during the month following the monthly pay period in which the employee has satisfied all eligibility requirements.
LOCAL SALARY SUPPLEMENT
In 2000-2001 school year, Yancey County Board of Education began providing a local supplement to all permanent full-time and part-time employees. The current amount of the supplement which is funded by the Yancey County Commissioners is $300.00 for classroom teachers and $175.00 for all other employees (subject to change at the Board’s discretion) is included in the December payroll.