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2012 Employer of Choice booklet.indd - City of Winchester, VA

2012 Employer of Choice booklet.indd - City of Winchester, VA

Benefits GALOREVIRGINIA

Benefits GALOREVIRGINIA RETIREMENT SYSTEM* (varetire.org)Employees are vested in the VA Retirement System (VRS)after 5 years of creditable service.The employee VRS account is funded as follows:5% funded by employee and 95% by employerDEFERRED COMP PLANThe plan allows the employee to defer a portion of salarywhich will not be subject to current federal or state incometaxes. The deferred amount is invested with firms undercontract with the City and is not available for withdrawaluntil retirement or termination. The overall purpose ofthe plan is to lower current income taxes and increase themoney available for retirement income.PAYROLL ROTH IRAJump start your savings with a payroll Roth IRA• Earnings may be tax-free• Use for retirement or, maybe, a house or education• Start with any dollar amount• Access tp contributions any time - no penalties or taxes457 LOAN OPTIONGet an easy loan from your 457 plan.8

LIFE INSURANCE*VRS provides term lifeinsurance, accidental deathand dismembermentinsurance. Optional lifeinsurance is available.ALL EMPLOYEES ARECOVERED UNDER:• Social Security• UnemploymentCompensationBENEFITS continuedprovidingASSISTANCEWinchester Parks &Recreation proudly offersemployees FREE facilitymemberships, 20% offrates for the after-schoolprograms, and discountedrates on programs, classes,leagues and facility rentals.EMPLOYEE ASSISTANCEPROGRAMTo help employees and theirfamily members withpersonal problems, the Cityhas available an EmployeeAssistance Program (EAP).This program provides up tofive free treatment visits ina twelve month period toemployees and their familymembers living in theirhousehold. The EAP providesa 24-hour confidentialcounseling interventionservice for employeesexperiencing such problemsas alcohol and drug relatedproblems, marital conflicts,family problems, emotionaldifficulties, legal problems,and financial concerns.The HIVE is after-school child care for school-age children ingrades pre-K-5. After-school care is also provided to middleschoolers at The HIVE CLUB. Operated by Winchester Parksand Recreation at Jim Barnett Park, transporation from theelementary schools is provided by WPS.www.winchesterva.gov 9

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