Changing Jobs

BigBody79

BigBody79

Well-Known Member
Joined
Mar 30, 2005
Location
Lumberton
Current Job: School system administrator. 12 month. Regular School holidays. 8-5 hours. State Retirement/State Health Care

Prospective Job: ABC Store General Manager. No School holidays 8-5 Hours. (State Retirement/State Benefits??)

So a friend of my put me on notice that our local ABC Board is looking to hire a new general manager for the store here in our town. It is a two store operation and the money is nothing like Meck/Wake/New Hanover. But it is very comparable to what I am making now.

My biggest question is (IF) I do get offered the job how will that affect my retirement with state benefits and long term health care.

I'm sure this group knows a little something about this. My biggest concern is that right now when I retire I'll have long term health care and if I leave i'll be giving that up.
 
How many years do you have with the state already?

My wife has been out a few years, but was in long enough to be vested in the state health plan. She's on private insurance now, but when she retires, she'll be covered by state retirement health coverage. Used to be you had to have 10 or so years in, then they upped it to 12, 15, 20 etc...
 
I'm pretty sure it is a 10 year minimum for retirement vestment, or at least it used to be, and I can't imagine it getting lower.
We found that out when we left NC after Rachael had just finished 9 years. Doh! :uzi:
 
0-5 years not eligible for state health care
6-10 eligible but pay 100%
10-20 eligible but pay 50%
20+ eligible but pay 0%

Found out there are 6 different funds for State Employees

Judicial
Firefighters
Legislative
Local Government
National Guard
Teachers' and State Employees (which I'm in)

Years of service do not transfer from one to the next. So if I go from Teachers and State to Local Government I would not start at year 9. I would start back at year one.
However, all of the money/time I've put into the Teachers and State would still be there in the end. So I could retire theoretically with 8 + 22 for 30.
 
BigBody79 said:
Current Job: School system administrator. 12 month. Regular School holidays. 8-5 hours. State Retirement/State Health Care

Prospective Job: ABC Store General Manager. No School holidays 8-5 Hours. (State Retirement/State Benefits??)

So a friend of my put me on notice that our local ABC Board is looking to hire a new general manager for the store here in our town. It is a two store operation and the money is nothing like Meck/Wake/New Hanover. But it is very comparable to what I am making now.

My biggest question is (IF) I do get offered the job how will that affect my retirement with state benefits and long term health care.

I'm sure this group knows a little something about this. My biggest concern is that right now when I retire I'll have long term health care and if I leave i'll be giving that up.
Click to expand...
:SMMFH: I'm sad to see that an institution that is supposed to be solely dedicated to educating our future is outbid by a liquor store. I mean no offense to the OP but that's a sad state of affairs. Our education system is FUBAR'd.
 
We've all seen where education is going in NC. Not going in the right direction. My current career path has me either going to be an assistant principal or an athletic director. Don't get me wrong athletics are great an all but I'd rather not spend every night of the week at a ball game away from my kids.
 
BigBody79 said:
0-5 years not eligible for state health care
6-10 eligible but pay 100%
10-20 eligible but pay 50%
20+ eligible but pay 0%

Found out there are 6 different funds for State Employees

Judicial
Firefighters
Legislative
Local Government
National Guard
Teachers' and State Employees (which I'm in)

Years of service do not transfer from one to the next. So if I go from Teachers and State to Local Government I would not start at year 9. I would start back at year one.
However, all of the money/time I've put into the Teachers and State would still be there in the end. So I could retire theoretically with 8 + 22 for 30.
Click to expand...
Personally I'd wait it out two more years before making a change. You don't know for sure you'll be in the new position long enough to get the benefits there either, so you don't want to turn your back on it.

Rachael only works part time here in MD and is not drawing any benefits, so is reliant solely on mine. OK now but not a good long-term solution. We have actually discussed whether at some point we might try to find a way for her to be a teacher in NC for just 1 year to finish it out.
 
McCracken said:
:SMMFH: I'm sad to see that an institution that is supposed to be solely dedicated to educating our future is outbid by a liquor store. I mean no offense to the OP but that's a sad state of affairs. Our education system is FUBAR'd.
Click to expand...
Yeah but have you seen how much more time and money adults dedicate to drinking and sports compared to learning?
 
tknopp said:
I wonder when they changed that because you used to be able to switch if you changed jobs from one retirement system to another. You just simple filled out a transfer paper and that was it.
Click to expand...
I have no doubt it was to save money for the state by shorting people out on retirement payout.
 
Bumping my own thread.

How much vacation/sick time/holiday do you get at your current job?

School system: 12 Holidays; 10 Annual Leave Day(forced vacation); 12 sick per year--did not include summer because I am 12 month and work all summer. And in reality teachers are only 10 month employees and don't get paid for the 2 months off in summer.
 
For me it's 8 holidays plus 3 "floating" holidays of our choosing, and 18 days of Personal Time Off. PTO is something along the lines of
0yrs-15 days
1Yrs-18 days
5Yrs-20 days
10Yrs-25 days
20Yrs-30 days
30Yrs-35 days

And we used to have basically unlimited sick time and less vacation until somebody screwed it up. So now PTO has to cover both (sorta, depending on your manager).
 
I'm self employed. Haven't taken a week's vacation since 2002. :( Have to pay my own health insurance. :( No employer matching contributions to an IRA. :(

But, the pay's great, and I have flexible time (just on someone else's schedule, not mine).
 
Fed employees get:

all fed holidays off (10?)
4hrs sick time per pay period (26 per yr, so 104 hrs, accruing indefinitely)
vacation time:
0-3 years - 4 hrs (1/2 day) per period
3-15 yrs - 6 hrs per period
15+ yrs - 8 hrs per period
240 Hrs max carryover Dec 31-Jan 1

We figured it out once, if you banked all vacation time for a couple years so you had the max at Jan 1 and didn't take any until Nov, a "mid term" employee (3+ yrs) could take off the weekend before thanksgiving and be off almost until Presidents Day in Feb.
 
I get 3 paid holidays (10 hrs ea). Got 1 weeks vacation (40 hrs) after a year and will get another after the two year mark. I am looking for other employment currently.
 
If you've been with the school system for 8 years you're grandfathered in for insurance and retirement.

I'm planning on at least another year or 2 as a teacher here. Unless I can find a corporate job somewhere.

I think I would miss my summers but the reality of it is that if my wife and I have a child my teacher salary combined with her salary would be a challenge.
 
tripped38 said:
If you've been with the school system for 8 years you're grandfathered in for insurance and retirement.

I'm planning on at least another year or 2 as a teacher here. Unless I can find a corporate job somewhere.

I think I would miss my summers but the reality of it is that if my wife and I have a child my teacher salary combined with her salary would be a challenge.
Click to expand...
We managed it w/ my wife as a teacher and I was just on grad student stpend, e.g. <1/2 what she made.
So it's possible!
 
I earn 12hrs vacation a month up to 240hrs then it rolls into sick time. I earn 12 hrs of sick time a month and it accrues indefinitely. If I work a holiday I get double time and a half for the hours I'm actually on shift (either midnight to 7a (7hrs) or 7a to midnight (17hrs)).

Duane
 
12 paid holidays + I accrue 3.08 hours of vacation & 3.69 hours of sick leave each pay period. I can accumulate 240 hours of vacation before it rolls over to sick balance, which can be used towards early retirement. At this rate, I should be able to retire at 50 :D
 
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