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SALARY SCALE |
BENEFITS |
HOLIDAY SCHEDULE |
POLICIES & PROCEDURES Retirement Benefits:
SOUTH
CAROLINA RETIREMENT SYSTEMS
Employee
contributes 6.5% of monthly payroll to the South Carolina Retirement System
and York Technical College contributes 11.55%.
Employees are eligible for vesting privilege after five years of
service. There are many
different retirement options available.
Employees may retire without any penalties after 28 years of
service at any age. Group
life insurance equal to the member’s annual salary provided member had
at least one year of service. The
one-year waiting period does not apply if the death results from a work
related injury. OPTIONAL RETIREMENT PLANS (ORP)
The
State of South Carolina recognizes the fact that other states allow their
employees to have retirement plans other than the state plan. New employees will be given information detailing the
various plans and will be allowed up to thirty (30) days to decide which
plan they would like to participate. Employees
that choose an ORP must still contribute 6.5% of their salary
towards retirement. CitiStreet | THE HARTFORD | TIAA-CREF | VALIC
There
are at least three additional savings programs (401(k), 403 (b) and 457) from which an employee may choose: |