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Board approves three optional, employee-funded benefit programs including pet insurance and Roth 403(b) option
Summary
Columbus County Board of Education approved three employee-funded benefits presented by the district finance officer: a Nationwide pet-insurance group plan, a combined long-term-care insurance option, and an Equitable Roth 403(b) post-tax option. The plans carry no district cost and are participation-based.
The Columbus County Board of Education approved three optional employee-funded benefit programs after presentations from the district finance officer, Mr. Nolan.
Nolan told the board the proposed Nationwide pet-insurance plan would be 100 percent employee-funded, offer reimbursement options (50% and 70% plans for cats and dogs) and require a minimum of 10 employees per policy to secure the quoted rates; the board approved offering the plan as an employee option. Nolan also presented a combined long-term-care insurance option described as complementary to existing short-term disability coverage; the board approved offering that combined long-term-care policy, also at no district cost. Finally, Nolan recommended the district offer an Equitable Roth 403(b) post-tax option as a voluntary, employee-funded retirement choice; the board approved that option as well.
Board members clarified the programs would not require district funding and would be participation-based; Nolan confirmed there is no employer match for the Roth 403(b) option under the plan described.
Votes at a glance: Motion to approve Nationwide pet insurance offering (motion by Miss Christ; second by Mr. Strickland) — approved by voice vote. Motion to approve combined long-term-care insurance (motion by Mr. Strickland; second by Mr. Worley) — approved by voice vote. Motion to approve Equitable Roth 403(b) option (motion by Mr. Enser; second by Miss Grice) — approved by voice vote.
