Here is a quick overview of many of the benefits available to Revere teachers. Some through the collective bargaining agreement, others from MTA and NEA membership. Experienced members with information to add about these programs should contact Erik or the webmaster.
New teachers, keep these on your radar as you begin to settle in. Welcome!
Revere offers both Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) health plans. HMO plans are less expensive, but PPO plans provide more options for service providers. Plans may be changed each spring during an open enrollment period, with the new coverage effective July 1. The weekly costs listed here are based on last spring’s open enrollment announcement.
Two HMO plans are available – Harvard Pilgrim and Network Blue. Costs for these plans are split between the city and the member 80/20, with a weekly payroll deduction.
Network Blue – Individual: $33.23, Family: $87.69
Harvard – Individual: $30.14, Family: $79.94
The PPO plan is Blue Choice. Weekly costs are shared 75/25.
Blue Choice – Individual: $54.23, Family: $146.77
Dental insurance is also available at 20% premium to members.
Dental Blue – Individual: $4.62, Family: $10.85
Flexible Spending Accounts
Also called Cafeteria Plans, FSAs are a method of setting aside pre-tax income to pay for medical or dependent care expenses (as two separate accounts). Plans last for a calendar year. Look for sign up information late in the fall.
All teachers are required to participate in the Massachusetts Teachers Retirement System (MTRS). This is a defined benefit (pension) plan, which requires 11% contributions, and pays based on a retiree’s age and years of service. The MTA office in Lynnfield holds regular informational sessions about retirement benefits.
403(b) Individual Retirement Account
Analogous to the 401(k), the 403(b) for public school teachers allows for pre-tax contributions through a list of providers who service the school district. This can be set up at any point during the school year by contacting one of Revere’s providers. That list is available from the business office and here (last updated September 2014).
Sick leave is accumulated throughout the course of the year. 1.5 days are awarded at the end of each month from September to June. After using sick leave more than 5 times during a school year, you may be asked to explain further incidents. Up to 6 days per year may be used to care for immediate family members – otherwise, sick leave is meant to be used only when you are unable to work due to personal illness.
Teachers are allowed two Personal Days each year. There is a limit on the number of teachers granted leave on any particular day; so, it is best to request days early, especially if they will be popular requests. Personal days accumulate as sick leave year-to-year, not as free personal leave.
Revere Municipal Employees Credit Union
The Revere credit union offers no fee checking and savings accounts and competitive loan rates. It is easy to set up a weekly deduction into a credit union share (savings account) which many members choose to do as a way to accumulate savings. There are branches of the credit union at City Hall and Revere High School.
MTA members are entitled to a wide range of discounts and benefit programs. Browse mtabenefits.com to get an idea of the wide variety of options available. A 15% discount on wireless service from Sprint and T-Mobile are among the many other offers.
Disability insurance pays a portion of your salary when you are unable to work for an extended period of time. Short term disability pays after 30 days of lost wages, long term disability pays after 180 days. Short term disability can sometimes defray lost wages for maternity leaves.