Retirement | 401K | Life Insurance | Sick and Vacation Leave | Observed Holidays | Health Insurance | Direct Deposit
Retirement
It is mandatory that all eligible full and part time Town employees be enrolled as a member with the South Carolina Retirement System.
As a member of the Retirement System, you will contribute 8.66% of your gross earnings per pay period and your employer will contribute 11.56% into your retirement account. If you are a Sworn Police Officer or Firefighter, you will contribute 9.24% of your gross earnings per pay period and your employer will contribute 14.24% to your retirement account.
The retirement eligibility requirements for Police Officer's Retirement is 25 years of service and age 55; Regular retirement is 28 years of service and age 62 (or any combination years' service + age equaling 90).
401K
The South Carolina Deferred Compensation Program's 401(k) and 457 plans are voluntary supplemental retirement savings plans available to you. If you decide to establish a 401K account, this will allow you to supplement your retirement or social security benefits. The amount you choose to defer is payroll deductible. You have the option of choosing investments, fixed interest, equities and life insurance depending on the plan you select. You may have the option to borrow money, tax free, from your account. This is a volunteer program and the Town does not match funds.
Life Insurance
Basic life insurance is offered through PEBA, State Blue Cross Blue Shield, which is accompanied with enrolled health insurance to employees who work a schedule of 30 or more hours per week. The employee will be insured for $3,000 at no premium cost to the employee. Additional life insurance may be purchased by employees.
Sick and Vacation Leave
All regular full-time employees earn Sick and Vacation Leave per pay period. Sick Leave is accrued at 3.7 hours per pay period. Vacation leave accrued hours are as follows and apply to all pay cycles:
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Assigned Work Hours
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Per Pay Period Accrued Vacation Leave
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8 hour shifts, 40 hours per week (including Police)
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1.54 hours up to 1st year of service
3.08 hours 1-10 years of service
4.62 hours 11-20 years of service
6.16 hours >20 years of service
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24 hour shifts (Fire)
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2.16 hours up to 1st year of service
4.32 hours 1-10 years of service
6.48 hours 11-20 years of service
8.64 hours >20 years of service
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Part-time
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0 hours
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Military Leave
Employees are entitled to such leave of absence and reinstatement upon return from leave of absence for military service (including Reserve and National Guard duty) as may be provided by applicable state and federal law.
Holidays
The following are observed as official paid holidays for full-time non-temporary employees of the Town:
- New Years Day
- Martin Luther King's Birthday
- Good Friday
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving
- Day after Thanksgiving
- Christmas Holiday, 2 days determined by Town Council
For each holiday, each regular full time employee receives a holiday allowance equal to his regular hourly rate of pay for up to 8 hours.
A holiday falling on Saturday is observed on Friday; a holiday falling on Sunday is observed on Monday.
Health, Dental and Vision Insurance
The Town of Moncks Corner offers group health insurance to all full time employees at no cost to the employee. Dependent coverage is also available and may be purchased by the employee along with dental and dental plus coverage at a reduced premium.
Direct Deposit
New employees must choose direct deposit for their paychecks.