Withholding of Funds
ALTERNATIVE PLAN TO SOCIAL SECURITY
MISSION: To ensure that employees of the DeKalb County School System are provided retirement and insurance plans as alternatives to Social Security.
The DeKalb County Board of Education shall provide all full-time employees with an alternative program to Social Security. The amount of funds placed annually in the alternative program shall equal the amount that the school system would have paid had the school system remained under Social Security.
The Alternative Plan to Social Security shall include, as a minimum, the following:
- Improvements to the survivor benefit life insurance plan in existence in September 1979
The survivor benefit plan is designed to provide lump sum payments to beneficiaries and monthly income to eligible surviving family members upon the death of an employee.
- Improvements to the long-term disability plan in existence in September 1979
The disability benefits plan provides disabled employees a coordinated benefit for a specified period of time following an established elimination period.
- Alternative retirement plan paid for by the Board of Education
Legal References
- O.C.G.A. 20-02-0170 — Authority to withhold payment of bonded indebtedness from appropriation (Lexis)
- O.C.G.A. 20-02-0240 — Powers and duties of State Board of Education (Lexis)
- O.C.G.A. 20-02-0242 — Local school systems; local units of administration; local governing bodies; responsibilities (Lexis)
- O.C.G.A. 20-02-0243 — Withholding funds for failure to comply with QBE requirements (Lexis)
- O.C.G.A. 20-02-2096.6 — Funding (Lexis)
- Rule 160-5-2-.02 — Withholding of Funds From Local Units of Administration
- Rule 160-5-1-.02 — School Day and School Year for Students and Employees
- Rule 160-4-2-.20 — State-Funded K-8 Subjects and 9-12 Courses for Students Entering Ninth Grade in 2008 and Subsequent Years