Health, Prescription Drugs, Workers Compensation, Life, Liability, Vision and Dental
Annual, Personal, Professional and Sick
Social Security and Retirement
Early Retirement and the Virginia Retirement System (VRS)
Direct Deposit, Payroll Deductions, Flexible Spending Accounts, Tuition Reimbursement and Bi-monthly pay.
Tuition Reimbursement and Stipends
Employees may request reimbursement each fiscal year for college courses. College-level courses offered by the school division are free to employees if the course is successfully completed. Additionally, teachers who come into the division with a Master's degree, and those who earn their degree while employed with LCPS, will annually receive a stipend in addition to their salary.
Flexible Spending Plan
Employees can annually set aside part of their income to pay for medical and dental expenses not covered by our insurance provider. An employee's gross income is reduced for taxable purposes, so employees don't pay federal income and social security tax on the amount set aside. Such expenses include deductible, co-pays for services and prescriptions, and eyewear costs.
Direct deposit is a convenient way for employees to help manage their finances. Employees may elect to have their paychecks deposited into their bank accounts electronically. Paychecks are disbursed on the 15th and on the last day of every month.
All full time employees have the opportunity to earn the following types of leave:
|Fast Facts |
- Competitive Salary - On average, Louisa County offers more to it's first-year teachers than any other division in the region.
- Stipends - Teachers with a Master's degree receive an annual stipend in addition to their salary. (See salary scale.)
- $1,000,000 worth of professional liability coverage is provided for each employee.
We offer a variety of savings outlets to our employees. One of them is the Virginia Retirement System (VRS). All full-time employees are automatically covered under VRS.
Effective July 1, 2012 all employees are required to pay their member contribution to VRS. All 2011-2012 employees will receive a salary increase to offset the VRS membership contribution. This contribution to VRS will be handled through payroll deduction.
VRS benefits include:
- Full retirement benefits at age 50 with thirty years of service, or at age 65 with five years of service for those employees hired before July 1, 2010 (Plan 1). For those hired after July 1, 2010, you can receive full retirement benefits at your normal social security retirement age with at least five years of service, or when age and service equals 90 years (Plan 2).
- Early retirement benefits at age 55 with five or more years of service or age 50 with ten years of service for those employees hired before July 1, 2010 (Plan 1). For those hired after July 1, 2010, you can receive early retirement benefits at age 60 with five years of service (Plan 2).
- Permanent disability and death benefits.
- Vesting after five years of service.
- Life insurance coverage equal to twice your salary.
Employees have the convenient option to set up automatic payroll deductions with our payroll department. Whether you're paying off a loan or paying your mortgage, this automatic service can save you time and money.