Retirement Benefits Videos

PEBA’s YouTube channel features a variety of videos designed to provide you with overviews of your retirement benefits and to highlight topics of which you might otherwise be unaware.

Retirement Benefits Resources Page

Go to our Retirement Benefits Resources page to view our various publications, find out more about using online account access and learn about how we provide engaging benefits information on our social media sites.

Retirement participation is either mandatory or optional depending on the position and terms of employment with Jasper County Public Schools. For most positions, participation is mandatory with a fixed contribution rate of 9.0%.

You can be a member of the SC Retirement System (SCRS) or the Optional Retirement Plan (ORP) (TIAA-CREF, Valic, MassMutual or MetLife).

"Get Set for Retirement" Video

Monthly Budget Worksheet

South Carolina Retirement System

The South Carolina Retirement System (SCRS) offers the option of a defined benefit plan to all Jasper County Public School District employees. Employees are required to contribute at the specified rate 9.0%. Jasper County Public School District contributes 19.06%. Employee contributions are on a pre-tax basis. Benefits and vesting rights are defined by the SCRS. Benefits are defined by a retirement formula and are a lifetime benefit. Optional membership is available to bus drivers, temporary employees, and substitutes. For details, visit SCRS. Enrollment is required within 30 days of the hire date. Employees that do not make an election within 30 days will have defaulted to SCRS.

 Optional Retirement Plan

The Optional Retirement Plan (ORP) is another retirement plan option available to all Jasper County Public School District employees. The ORP is a defined contribution plan administered by four contracted investment providers. Employees are required to contribute at the State specified rate of 9%. The District contributes 5% (as defined by the State) to each employee’s account. All contributions are made on a pre-tax basis and immediately vested. For details visit ORP. Enrollment is required within 30 days of the hire date. Employees that do not make an election within 30 days will have defaulted to SCRS.

If you are interested in purchasing retirement credit, please contact Benefits.

Social Security/Medicare

When planning for retirement, you should consider your eligibility for social security and Medicare benefits. Information is available on the Social Security Administration’s website.

• Social Security Administration

 Any employee of Jasper County Public School District is eligible to enroll in South Carolina Retirement.  The SC Retirement System will only provide a percentage of your income at the time you retire.  For information on ways to invest additional pre-tax dollars in a 403b, 401k or 457 plans to supplement your retirement income, please contact Human Resources Benefits Administrator.

 
401(k)/457 Deferred Compensation Enrollment
If you would like to sign up for the State 401k or 457 Plan offered by the South Carolina Deferred Compensation Program, please download an enrollment kit.