Welcome to the Matanuska-Susitna Borough School District! We are excited that you have decided to join our team and hope to make your employment experience with us a very positive one. The information listed below will assist you with completing your new hire documents as well as provide guidance on what additional information Human Resources will need to receive from you once your paperwork is complete.
HEALTH BENEFITS - MSEA
MSEA employees that are half-time (0.50 FTE) or more may elect in health insurance coverage in one of the plans listed below upon hire or during open enrollment in the Spring. Contact the Payroll Department if you have any questions about health insurance eligibility, plans, or premiums.
SUPPLEMENTAL BENEFITS - MSEA
Health Savings Account
Employees who participate in a qualified HDHP and do not have other coverage are generally eligible to contribute to an HSA.
An HSA allows you to set aside money pre-tax to help pay for eligible medical expenses. Your contributions can build year over year and any interest you earn will grow tax free.
According to the IRS, to be eligible to contribute to an HSA you must meet the following requirements:
- You are covered under a qualified high deductible health plan
- Are not covered by another non-HSA eligible health plan
- Are not enrolled in Medicare or Tricare
- Are not being claimed as a dependent on someone else's tax return
The IRS sets annual contribution limits for each calendar year.
2024 Calendar Year HSA Contribution Limits:
Self-only HDHP coverage: $4,150
Family HDHP coverage: $8,300
Individuals 55 and over may contribute an extra $1,000 for catch-up contributions.
Find out more HERE
To enroll in an HSA, visit the American Fidelity enrollment site HERE
Tax Sheltered Annuity/Omni
All employees are eligible to make their own contributions to a 403(b) or 457(b) account.
The OMNI Group is the 403(b) and 457(b) benefit administrator for the District. OMNI is an independent third-party administrator dedicated to ensuring that the district, its employee participants, and each of our investment providers and their agents adhere to the many compliance regulations issued by the IRS. You may contact OMNI by visiting their website www.omni403b.com or by phone at 1-877-544-OMNI. To submit a Salary Reduction Agreement with Omni, you can view the Omni TSA Contribution procedures to begin pre-tax or after-tax payroll deductions into a 403(b) or 457(b).
MSEA 1% Match Information
The District will match MSEA employee contributions up to 1% of the employee's annual salary in a supplemental retirement account, which can be a 403(b) or 457(b) account. Eligible employees may elect for District matching contributions to a 403(b) or 457(b) account of their choice. To elect for District matching contributions, you will need to complete the MSEA 1% Retirement Contribution Election form. Please use your District provided email address on the form. Once you submit the form, you will receive an email to verify your identity. Upon completion, this form is then routed to the payroll department. Once your eligibility and the 1% District contribution amount is determined, you will receive a finalized copy of the form emailed to you.
Once you have set up a 403(b) or 457(b) account with an investment provider, you should then submit a Salary Reduction Agreement (SRA) form through our third-party administrator, The Omni Group. The SRA should only include the employee contribution amount. Please be sure to select Recurring Contributions on the form, as the contributions will be spread out throughout the year.
It generally takes The Omni Group at least 2 weeks to report SRA changes to Payroll. Payroll deductions begin upon notification your account has been opened.
Employees electing to cash in the value of their paid time off or sick leave, should complete the MSEA Supplemental Retirement Leave Cash In form. These days will be deducted from your accruals upon submitting the form. The value of your leave will be contributed to your 403(b) or 457(b) account on the June 15th payroll.
If you have any questions or need additional support, please contact the Payroll Department at Payroll@matsuk12.us or (907) 761-4025.
American Fidelity provides the voluntary supplemental benefits listed below for MSBSD employees during open enrollment. New hires have 30 days to enroll in supplemental benefits with American Fidelity from their date of hire.
- Health Savings Accounts (for employees enrolled in a High Deductible Health Plan and who meet IRS guidelines)
- Flexible Spending Accounts (for employees enrolled in a non-High Deductible Health Plan)
- Disability Income Insurance
- Cancer Insurance
- Accident Insurance
- Life Insurance
- Critical Illness Insurance
- 403(b)/457(b) Annuities
For more information, contact:
Alaska/Washington Branch Office 1-866-576-0201
New York Life
New York Life offers life insurance and AD&D services that provide support throughout all stages of life for employees who work at least 0.20 FTE, or 1.75 hours per day.Basic Term Life - Provided by MSBSD
Benefit Amount: $50,000
RETIREMENT - MSEA
Teacher Retirement System (TRS)
MSBSD works with the State of Alaska Division of Retirement and Benefits (DRB) to administer the Teacher Retirement System (TRS) for eligible certificated employees. Eligible employees must work at least half-time (0.50 FTE). The DRB is the plan administrator for all TRS plans.
Recommended Follow Up Tasks
- After the first payroll has processed, log in to the Empower website at akdrb.com to complete a beneficiary form for each account you have with Empower, including the State of Alaska PERS, TRS, and SBS
- Learn more about your benefits by scheduling an appointment with a Retirement Benefit Counselor AK DRB Appointments or by calling (800) 821-2251.
- Learn more about your investments and the tools to help you manage your funds by scheduling an appointment with an Empower Retirement Plan Advisor by calling (800) 232-0859 or by email.
- To stay on track for retirement, make an appointment with an Empower representative annually and when you experience any major life event, such as marriage, divorce, birth, loss of spouse, job promotion, or inheritance.