The Virginia Retirement System
Qualified employees are members of the Virginia Retirement System.
Members are vested after five years.
Members may receive disability and death benefits.
For complete information about the Virginia Retirement System Click Here
Members are covered by Minnesota Life Insurance Company
Portsmouth School Board pays 100% of the premium
Coverage for your beneficiary is provided with a single sum of:
Two times your annual salary in the event of natural death.
Four times your annual salary in the event of accidental death.
Member premiums for the first $50,000 of life insurance coverage are tax-exempt.
Optional life insurance is available for self, spouse and children. Member pays the full premium.
The Portsmouth School Board offers medical insurance through Optima Health . There are three plans:
The Portsmouth School Board currently pays 95% of a single subscriber premium for the high option HMO. Employees are eligible to enroll within thirty days of hire date.
- Optima Point of Service Plan
- Optima High Option HMO
- Optima Low Option HMO
Employees of Portsmouth Public Schools may elect to participate in one or more of the following:
Portsmouth Public Schools also provides:
- Sick Leave (earned on a monthly basis; unlimited accumulation)
- Personal Leave
- Professional Leave
- Workmen's Compensation Insurance
- Liability Insurance
- Qualified employees receive a monetary contribution to offset the cost of health insurance in retirement until they become eligible for Medicare.