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<p>​The <a href="/employees/Pages/opeb-faq.aspx">Other Post-Employment Benefits (OPEB) FAQs</a> are on the <a title="State Employees tab" href="/employees/Pages/main.aspx" target="_blank">State Employees tab</a> of the CalHR website and are linked to <a title="Policy Statement 1422" href="http://hrmanual.calhr.ca.gov/Home/ManualItem/1/1422" target="_blank">Policy Statement 1422 – Other Post-Employment Benefits (OPEB) Prefunding</a>.</p>OPEB FAQs10/19/2018 7:00:00 AM
<p>​SCO’s <a href="https://www.sco.ca.gov/Files-PPSD-Letters/Clas/l17-003.pdf">Leave Accounting Letter #17-003 </a>provided instructions for departments that participated in the 2017 Excluded Employee Leave Buy Back program. All transfers into and out of the Savings Plus Bank should be performed by the Personnel Services Specialists. An audit indicates that not all employees’ Savings Plus Bank transactions are reconciled.</p><p>Once departments decided whether or not to participate in the program, Personnel Services Specialists should have completed the following:<br></p><ul><li> Keyed a final “Buy Back – Savings Plus” transaction once the payment was issued in June 2017 (see Page 6–7 in the link below); or</li></ul><ul><li> Voided all transactions posted to the Savings Plus Bank (SV), as well as all corresponding transfer transactions posted to the Vacation or Annual Leave benefits (see Pages 8–11 in the link below), if the department decided not to participate; or <br> </li><li>Adjusted the amounts of the transfer transactions, based on the amount of hours approved by the department (<a href="https://www.sco.ca.gov/Files-PPSD/SAVINGS%20PLUS%20BANK.pdf">see Pages 12–14 of the Savings Plus Bank</a>).<br> </li></ul><p>At this time, any SV leave benefit that has a balance greater than zero must be updated to reflect a zero balance by either voiding all transfer transactions posted, or by posting the Buy Back – Savings Plus transaction to the June 2017 leave period. Additionally, when a department determined they would not participate in the program, all of the employee’s transfers should have been posted to their Vacation or Annual Leave benefits voided, in order to restore their corresponding leave accruals.<br> As a reminder, the Savings Plus Bank does not appear on the employee’s warrants or direct deposit advices.</p>Savings Plus Leave Conversion Bank Hours - Action Needed10/4/2018 7:00:00 AM
<p>​The <a href="/benefits/Documents/planning-ahead-guidebook.pdf" target="_blank">Planning Ahead handbook</a> has been revised and is available on CalHR’s website. </p><p><br>Planning Ahead provides information on what employees can do now to ensure their survivors have the information they need in the event of their death. </p><p><br>The Vital Information form attached to the handbook will help employees record the location of important information their survivors will need. </p><p><br>The Guide for Survivors and Beneficiaries section summarizes benefits available to certain survivors and beneficiaries. </p><p><br>Planning Ahead is located on the <span class="ms-rteStyle-Bold">State Employee </span>webpage under <span class="ms-rteStyle-Bold">Work/Life </span>and in the <span class="ms-rteStyle-Bold">Publications</span> directory.</p>Revised Planning Ahead Handbook9/17/2018 7:00:00 AM


For previous announcements, please visit our HR Announcements page.

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