Direct deposit of United States Savings Bonds is a service available to all employees. To participate in this optional service, contact the Personnel Benefits Specialist who serves your school for enrollment forms or about details for this program. The School Board of St. Johns County has approved a tax-deferred annuity program for fulltime teachers and other employees of the Board. If you have a question or concern about your tax shelter you MUST contact the company directly, not the Office of Human Resources and Professional Development. Life Insurance St. Johns County School District employees' life insurance coverage is equal to two times the employee's annual salary and double indemnity provisions in the event of accidental death.
Vestment is reached at ten years.
Therefore, it is important to carefully study your personal circumstance before making your decision. Some of the factors affecting your final option selection include the age and physical condition of both you and your spouse, existence of other financial dependents, the amount of your savings, any additional income, and any outstanding financial oblications. When the Division of Retirement receives your application, you will be furnished an estimate of your benefit under each option available to you, if you have not been provided with one recently Your Retirement Plan Employees of the State of Florida are eligible to participate in the Florida Retirement System. This site provides information and news about the Plan. The reduction propcedure for Options 2,3, and 4 can also be described as resembling an insurance policy that gurantees the payment of a definate monthly amount over the lifetime of two individuals.