At the June 7 School Board Meeting, the Carrollton-Farmers Branch Independent School District (CFBISD) School Board approved an increase to the amount of money per month that the district contributes towards insurance premiums for employees selecting TRS insurance. The Board approved an increase to the employer contribution rate from $262 to $278 per month.
TRS recently announced premium increases for TRS-ActiveCare health insurance participants. The District currently has 2,347 employees with coverage through TRS-ActiveCare. Approximately 65% of participants obtain employee-only coverage under plan choice AC1HD. The proposed increase in the District contribution would result in no premium increase for AC1HD Employee Only participants and would help offset the increase for those employees who have selected other plan options with TRS.
Stakeholder input regarding budget priorities have been gathered at multiple venues, including Board of Trustee work-study meetings, District Improvement Council meetings, staff meetings, and regular Board of Trustee meetings. A competitive compensation plan has been identified as a District top priority.
Previously at the May 3 School Board Meeting, the School Board approved a pay raise for staff. The Board of Trustees approved a 3% pay raise for full-time district staff. In addition, the School Board also approved a Years of Service pay (formerly called Longevity Pay) for all eligible employees. The amount of the one-time supplemental payment an eligible employee receives under this plan will be based on the employee’s years of employment with the District and will be paid at five-year increments in the year following the anniversary date as outlined below:
1) At each five-year anniversary, eligible employees will earn $100 for each year of service.
2) In addition to the payment noted above, eligible employees with 20 years or more of employment with the District will receive an additional $500 payment.
The School Board also approved the Performance Pay plan. The amount of the one-time supplemental performance payment an eligible employee receives under this plan is $500, if the 2017-18 District Performance Index is in the 95th percentile (top 10 or better) or $250, if the 2017-18 District Performance Index is in the 90th percentile (top 20 or better) based on the District’s ERG rating.