VIEWS: 32 PAGES: 4 POSTED ON: 5/6/2010
January 6, 2010 Read this if you’re on Plan 3! This month, Teachers’ Retirement System Plan 3 (TRS 3) Option E: 10% of pay at all ages. members will be able to change their defined contribution level if they choose to do so. Until several years ago, the Option F: 15% of pay at all ages. original choice a teacher made at the onset of the plan was irrevocable unless he/she changed school districts. To determine what your current investment rate is, simply follow these steps: This is particularly good news for teachers who made an original rate decision that is no longer the best one for 1. Find a recent paycheck and a calculator. them. 2. Locate the section of your check marked “Deductions.” Plan 3 is made up of two parts---a defined benefit portion 3. Find the amount listed under “TRS Plan 3.” and a defined contribution portion. In the defined benefit 4. Find your gross pay, which is listed towards portion, the employer contributes an amount calculated the top right-hand corner of your check under by DRS that will ensure you receive a set pension based “Gross Pay.” on a formula at retirement (1% x years of service x 5. Divide the amount listed under “TRS Plan 3” average earnings from your 5 highest consecutive by the amount under “Gross Pay.” years). 6. Move the decimal point two places to the right to find the percentage of your salary you’re In the defined contribution portion, the employee selects contributing towards your TRS 3 plan. a percentage of his/her salary to go into an investment program of his/her choice. How well these investments If you’re satisfied with this percentage and want to do determines how much of a retirement benefit the keep it as is, you don’t need to do anything further. employee will receive under this part of the retirement The IRS may rule against the ability to change plan. contribution levels, however, so it’s possible this could be the last chance you’ll have to modify your plan From now until January 31, 2010, you can change the without having to change school districts to do so. percentage of your salary that you want to invest in the defined contribution portion of your retirement plan. If you want to change the percentage you’re contributing, Here are the six choices available to you: you can do so by simply filling out a change form and turning it in to Payroll by January 31, 2010. Forms are Option A: 5% of pay at all ages. available at this site. Option B: 5% of pay until age 35, For more information on TRS 3 investment options, 6% of pay from age 35 - 44, and visit the Department of Retirement Systems’ website 7.5% of pay at age 45 and above. at www.drs.wa.gov or call 1-800-547-6657. Option C: 6% of pay until age 35, 7.5% of pay from age 35 - 44, and 8.5% of pay at age 45 and above. Option D: 7% of pay at all ages. 40 LWSD teachers achieve National Board Certification Congratulations to the LWSD teachers who recently achieved National Board for Professional Teaching Standards certification. The recipients are: Staci Allen, Juanita Preschool Timothy Magdziarz, JHS Lynn Armstrong, Parks Mary Marsh, RHS Kathryn Badger, RHS Elise Meilleur, EHS Kristi Beaver, Rockwell Melissa Newberry, Audubon Emily Borden, EHS Catherine Nishimura, Wilder Peter Bottman, JHS Vincent Noto, Northstar Kelly Cameron, Carson Miok Oh, Rush Angela Cavelero, Parks Doris Reeves, Twain June Evanson, Inglewood Wendy Robards, Evergreen Elizabeth Feldsher, Kirk David Roderick, Redmond Jr Tricia Goodleaf, Sandburg Christopher Rose, RHS Monica Greenberg, Smith Barbara Roy, Sandburg Erik Hanson, Inglewood Jessica Shelley, Franklin Robert Herold, Northstar Melia Sims, Inglewood Kendall Howden, Franklin Richard Snyder, Inglewood Lee Ann Jackson, Parks Nancy Sullivan, ICS Jill Johnson, Finn Hill Rachel Teigen Brackett, Lakeview Leslie Kelley, Twain Linda Thompson, EHS Heidi Keppler, Lakeview Deanna Vega, Franklin Denise Lemieux, Twain Kristin Wobker, Franklin National Board Certification is the highest credential in the teaching profession. A voluntary process established by the National Board for Professional Teaching Standards (NBPTS), certification is achieved through a rigorous performance-based assessment that takes between one and three years to complete. The process measures what accomplished teachers and school counselors should know and are able to do. Teachers who achieve National Board Certification receive a $5,000 annual bonus from the state each year for the life of the 10-year certificate. After ten years, teachers can go through a renewal process, which will make them eligible to continue to receive the annual bonus. In addition, holding a valid NBPTS certificate satisfies the ongoing 150 clock hour requirement for the life of the certificate, or the requirements of the Washington State Professional Certificate, whichever is applicable. LWEA Executive Committee www.lakewashingtonea.org President - Kevin Teeley Junior High Rep – Victoria McCarter LWEA Office LWEA / 425 822-3388 Kamiakin / 425 823-6750 10604 NE 38th Pl, Suite 212 email@example.com Senior High Rep – David McGibney Kirkland, 98033 EHS / 425-836-6600 425 822-3388 Vice President - Mike Blodgett Kirkland / 425 936-2420 Special Services Rep – Colleen McAlerney UniServ Rep: Caroline McDowell Rush / 425 881-6047 firstname.lastname@example.org Primary Rep – Ken Egawa Blackwell / 425 836-7300 Specialist Rep – Jim Eaton Admin Assistant: Sheila Hagerman Resource Ctr / 425 702-3363 email@example.com Intermediate Rep - Peggy Solum Ethnic Minority Rep – Ernest Young Admin Assistant: Ila Rhea Morrow Frost / 425 821-8238 Kamiakin / 425-823-6750 firstname.lastname@example.org Interested in National Board Certification? Deduct your dues If you’ve been thinking that you would like to know Did you know that you can deduct most of your more about National Board Certification, you might association dues from your income tax? The dues want to attend one of the upcoming informational deduction amount for teachers is as follows: meetings. The meetings will take place at the Resource Center on January 7 (4-5 PM), February 18 (4:30-5:30 PM), or March 11 (4-5 PM). You can get .76-1.0 FTE $936.88 additional information on National Board Certification by visiting the National Board for Professional .51-.75 FTE $804.78 Teaching Standards website or by calling 1-800- 22TEACH. .26-.50 FTE $479.48 .10-.25 FTE $319.80 Understanding your auto Please remember that your 2009 dues for income tax purposes includes 8 months at the 2008-09 dues rate and insurance 4 months at the 2009-10 dues rate. If you have changed FTE from last year, keep in mind that your dues will be different – you will need assistance in determining the Insurance can be confusing and in these financial correct dues amount. If you have any questions, please times, it’s important that we not only protect our contact Sheila Hagerman in the LWEA office. financial security, but also don’t pay too much for coverage that is unnecessary. Did you know? Take the opportunity to sit down with an auto insurance expert – spend 30 minutes of your time at an informational session on January 26 to make sure that you’re appropriately covered. We’ll meet in the The state funds only a portion of the costs to transport LWEA office at 4:30 PM. Bring a copy of your students to and from school? Levy funds are used to insurance policy. Please contact Sheila Hagerman if cover the remainder of these expenses. you are interested in attending. Is it in the contract? Calendar Jan. 11 School Board Meeting Jury Duty (Section 19.14.3): When any teacher is called for jury duty or is subpoenaed as a witness in a Jan. 12 Executive Committee court proceeding, they will continue to be paid at their normal rate of pay. Any money that is paid for Jan. 18 ML King Jr Day – No School mileage or service is kept by the employee. Next Rep Assembly – Jan. 19 When you receive a jury summons or subpoena, you should contact your administrator right away. In addition, you should enter the absence in the system as well as give a copy of the summons or subpoena Happy New Year! to your office manager for payroll purposes. FOR RENT SERVICES Downtown Kirkland waterfront condo, 1 bedroom, 1 Home improvements, repairs, remodels: skilled bath,private deck overlooking lake, laundry on-site, carpenter/handyman, specializing in trim, crown, doors, secured bldg. Fully furnished available. Boat moorage. windows, siding, decks, wall repair, bath & kitchen Walk to downtown, easy access to freeways. No pets. remodels. Pics & references available. Free estimates. $1,280/mth. Mindy Gordon (Kirk) 509-679-0352 or Get home ready for winter. Affordable, high quality, email@example.com. licensed. NW by NE Carpentry Services at 425-691- 7000 or firstname.lastname@example.org. (Kathy Kier, RC). Fremont condo, 3 bedroom, 1.5 bath, 2-story. Recently remodeled, fresh & clean. Granite counters, stainless Home remodels & repairs: bathroom & kitchen appliances, W/D in unit, new carpet & paint. Fireplace, remodels, trim, crown & doors, precise tile setting, storage, 2-car parking spot, small garden w/ patio. interior & exterior painting, changing outdated Near Burke Gilman train & bus line. Pictures available. hardware, large & small repairs. Background at $1,850/mth. Ruth Odell (Blackwell) 425-868-3635. Montgomery Homes, Inc - multi-million dollar homes – quality workmanship – fair prices. Experienced, WANTED licensed, bonded, insured. Pictures & references available. Call Ryan at RH Renovations, 206-954- Want to make a difference? Spend spring break 0311. (Jennifer Harris, RHS). experiencing Viet Nam & supporting humanitarian efforts w/ local non-profit organization. For more info Hit Man – Eastside problem tree specialist: Get 3 bids about this Humani Tour, contact Son Michael at 425- & call me last. I’ll beat your best by 25% & do more. 836-5354 or email@example.com. (Judy Licensed & insured. Mike Green (Transportation) 425- Pham, Alcott). 533-6470(c) or 425-216-3017(h). Job share partner for 2010-11 school year. Any Expecting a baby in 2010? Keri Meyers Photography in grade level okay. Julie Stuht (Frost) 206-719-8769. now scheduling newborns due in 2010. Space is limited – please book in advance before baby arrives. VACATIONS Contact Keri at firstname.lastname@example.org to schedule your session. (Susan Brockert, RC). Maui for a full week – spring break: 8 days/7 nights (Sat-Sat) on relaxing Maui. Full refrigerator, cooking Remodel, additions, & new construction: specializes facilities, comfortable queen-size bed, AC. View of 3 in kitchens, bath, decks, siding & more. 30 yrs other islands from lanai, 10 steps to the ocean, see experience. Licensed/bonded – RICKTC196QA. whales and sea turtles w/out binoculars. Michael Rick Tachell Construction at 425-823-5046. (Janine Chapin (McAuliffe, Carson, Evergreen, ICS) 425- Tachell, Frost). 885-7346. Computer problems? Let me help you – at less than FOR SALE the price of the “big box” stores. Software installs/ updates, virus/spyware/malware removal, data Riverfront lot in Plain, just listed. Was $299K, now recovery, back up of your important files, computer bank owned at $229K. Shy acre w/ small cabin, 206’ of upgrades, wireless networking, game console pristine low bank waterfront. Call me, broker at Lake setup/networking, general computer repairs, new Wenatchee Realty, 1-888-373-3875. (Mark Lindstrom computer setup. If I can’t fix it – it’s free. Free pickup & (Substitute) email@example.com. delivery in greater Seattle/Eastside area. Fast, friendly. Call for pricing, Chris at 425-320-1397. (Sheila Hagerman, LWEA). Pending available space, ads are run in the Update on a first come, first served basis. Ads are accepted only in written form – send directly to Sheila Hagerman – firstname.lastname@example.org. Ads are subject to approval by the Executive Committee and may be edited for length.
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