Flexible Spending Accounts (FSAs)
Flexible Spending Accounts (FSAs) are a tax-saving way to pay health care and dependent care expenses that you would typically pay out-of-pocket (e.g., deductibles, copays, day care expenses). The FSAs let you pay these expenses with pre-tax dollars. Each year that you would like to participate in the FSAs, you must elect your amount you want to contribute to either or both of the FSAs. Your contributions will be deducted from you paychecks in equal installments throughout the year and deposited into your accounts.
Voluntary Life Insurance and Accidental Death and Dismemberment (AD&D) Coverage
Providing economic security for your family if you die, become disabled, or experience an injury or illness is a major consideration in personal financial planning. West Valley-Mission Community College District allows you the ability to purchase coverage for yourself and your dependents. You may purchase coverage through payroll deductions. You may enroll in amounts up to the guarantee issue amount during your new hire window without completing a Statement of Health. Any election above the guarantee issue amount or outside your new hire window will require a Statement of Health. The only exception to this is that if you are already enrolled, you may increase your coverage levels by one increment (up to the guarantee issue amount), at open enrollment without a Statement of Health. Elections requiring a Statement of Health require approval from MetLife before being issued.
West Valley-Mission Community College District believes that long-term disability (LTD) coverage is important because anyone at any age may become injured or ill for an extended period of time. LTD coverage will replace 66 2/3% of your base salary to a monthly maximum of $5,000 if you are disabled for more than 90 days or at the end of accumulated sick leave, whichever is later, and are unable to work. LTD benefits are offset with other sources of income, such as Social Security and Workers' Compensation. Employees are automatically enrolled in LTD via SmartBen. To request a copy of the Certificate of Coverage, please contact the Human Resources Benefits Department. Pre-existing condition exclusions apply.
Voluntary Retirement Plans
It is never too early to plan for your retirement and West Valley-Mission Community College District offers you options to help you reach your goals. You may enroll in the 403(b) and/or the 457 plans at any time throughout the year. Both are voluntary retirement accounts where you may put away money on a tax-advantaged basis. The 457 allows pre-tax contributions. Pre-tax or post-tax (Roth) contributions may be allowed on the 403(b) plan, depending on your investment choices.
Employee Assistance Program (EAP)
Because unresolved personal issues can affect every aspect of one's life, including work performance, West Valley-Mission Community College District automatically provides you and your family with an Employee Assistance Program (EAP) at no cost to you. Call the EAP at (800) 834-3773 for confidential assistance with nearly any personal matter you may be experiencing. Licensed counselors are available 24 hours a day, 7 days a week, and can provide you with access to face-to-face counseling (up to three sessions per person per event), legal advice, financial consultation, medical advice, dependent care referrals, and other community referrals.
The Commuter plan is another method allowed to use pre-tax dollars for your daily commuting expenses (to and from work), including transit and parking. This could save you as much as 30% on transit and parking - which adds up to a very powerful benefit and a substantial take-home bonus to your paycheck. West Valley-Mission Community College District allows you to enroll in the Transit benefit or the Parking benefit.