Social Security
When do I apply for Social Security (SSA)? Start the enrollment process approximately 90 days before you need your Social Security to begin. SSA Website There are a lot of things you can do on the Social Security website. Before you receive benefits you can: Apply for benefits Estimate Future Benefits If you get benefits: […]
401(K)
The District offers 401(K) and 457 plans to help you save for retirement. Both are managed through URS. 2023 Limits for each plan: $22,500* *Additional $7,500 catch up for over 50 yrs. NOTE: The IRS allows you to contribute to both a 401k and a 457 for a combined total of $45,000. *The 401(k) Limit […]
Medicare
When do I apply for Medicare? Start the enrollment process approximately 90 days before you need your Medicare to begin. Medicare Part B If you are on a group health plan when you turn 65, you do not need to sign up for Medicare Part A or Part B. Medicare Part B is only required […]
HSA
HSA and Medicare The IRS allows employees to contribute to an HSA after age 65 as long as they are enrolled in a qualified medical plan, they are not someone’s tax dependent and they don’t have any conflicting coverage including enrollment in Medicare. The IRS requires the employee and their employer to discontinue contributions to […]
Insurance After Retirement (Cobra)
Cobra Cobra gives employees and their families who lose insurance benefits the right to choose to continue coverage under the group health plan benefits. Insurance ends the last day of the month in which you retire. If your contract pays through the summer, your insurance will end August 31. The effective date for Cobra will […]
URS
Contact Information Phone: 801-366-7770 Website: URS.org Address: 560 E 200 S. Suite 240, Salt Lake City, UT 84102 Mailing Address: P.O. Box 1590 Salt Lake City 84110 Hours of Operation: Mon – Fri 8:00 am to 5:00 pm URS […]
403(b)
Canyons School District offers 403(b) savings plans which are similar to a 401(K) but allows you to invest outside of the URS. The District has an approved list of 403b vendors located under Forms. They have been given strict guidelines for working within the School District. They are allowed to meet with employees on school […]
Retirement Investments
Investing in your Future Financial fitness now leads to a healthy retirement later. What difference does it make if you wait until you make more money to invest? Waiting to invest carries a high cost. The younger you are when you begin to invest, the more time your money has to grow, and if there […]
Forms
Retirement
We can answer your retirement questions and help you understand the benefits that are available to you as an employee of the Canyons School District. We also host annual retirement seminars. Start planning today for your retirement! Directory Name Position Phone Janet Ekenstam Retirement Specialist 801 826-5368 Retirement Managed by URS Canyons School District partners […]
