OVSD Fiscal Blog

  • SchoolsFirst FCU "Office Hours" at the District

    Posted by Certificated & Classified Payroll on 10/3/2019 8:00:00 AM

    The SchoolsFirst Federal Credit Union will be on site at the Ocean View School District Office (Educational Services Conference Room - Building C) on Wednesday, October 23, 2019.

    Representatives will be here to provide information or assistance with:

    • 403b and 457 supplemental retirement plan options, new enrollments, plan changes
    • Supplemental Retirement planning
    • Becoming a SchoolsFirst FCU Member and other general Membership Questions


    Office Hours:
    10:00am to 4:00pm

    Location:
    District Office – Educational Services Conference Room (Building C)
    17200 Pinehurst Lane
    Huntington Beach, CA  92647

    Schedule Appointments with:
    Brittany Vu, Schools First FCU Retirement Plan Advisor at https://ovsd.myretirementappt.com.

    If you have questions, please call (714) 352-1475 or email bvu@schoolsfirstfcu.org.

    Comments (-1)
  • Governor Newsom Officially Signs AB 5 Into Law

    Posted by Fiscal Services on 10/1/2019 8:00:00 AM

    On Wednesday, September 18, 2019, Governor Gavin Newsom signed AB 5 into law which puts into place a three-part (ABC) test in order to be lawfully classified as an independent contractor.

    If you would like to learn more about this important piece of legislature, please read this publication released by School Services of California, Inc.

    Comments (-1)
  • IRS Launches New Tax Withholding Estimator

    Posted by Certificated & Classified Payroll on 9/13/2019 8:00:00 AM

    The Internal Revenue Service launched the new Tax Withholding Estimator on August 6, 2019, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.

    You can read about the launch from this IRS News Release.

    With only a few more payrolls in the 2019 tax year, it's a great time to review your potential tax liability against your tax withholding. We recommend using the IRS resources available online or seeking the advice of a tax professional.

    Comments (-1)
  • SchoolsFirst FCU "Office Hours" at the District

    Posted by Certificated & Classified Payroll on 9/12/2019 8:00:00 AM

    The SchoolsFirst Federal Credit Union will be on site at the Ocean View School District Office (Educational Services Conference Room - Building C) on Wednesday, September 18, 2019.

    Representatives will be here to provide information or assistance with:

    • 403b and 457 supplemental retirement plan options, new enrollments, plan changes
    • Supplemental retirement planning


    Office Hours:
    10:00am to 4:00pm

    Location:
    District Office – Educational Services Conference Room (Building C)
    17200 Pinehurst Lane
    Huntington Beach, CA  92647

    Schedule Appointments with:
    Brittany Vu, Schools First FCU Retirement Plan Advisor at https://ovsd.myretirementappt.com.

    If you have questions, please call (714) 352-1475 or email bvu@schoolsfirstfcu.org.

    Comments (-1)
  • SchoolsFirst FCU "Office Hours" at the District

    Posted by Certificated & Classified Payroll on 8/7/2019 8:00:00 AM

    The SchoolsFirst Federal Credit Union will be on site at the Ocean View School District Office (Board Room - Building A) on Wednesday, August 21, 2019.

    Representatives will be here to provide information or assistance with:

    • 403b and 457 retirement plan options, new enrollments, plan changes
    • Supplemental retirement planning


    Office Hours:
    10:00am to 4:00pm

    Location:
    District Office – Board Room (Building A)
    17200 Pinehurst Lane
    Huntington Beach, CA  92647

    Schedule Appointments with:
    Brittany Vu, Schools First FCU Retirement Plan Advisor at https://ovsd.myretirementappt.com.

    If you have questions, please call (714) 352-1475 or email bvu@schoolsfirstfcu.org.

    Comments (-1)
  • A Note on Sick & Vacation Balances & Accruals for the New Year

    Posted by Certificated & Classified Payroll on 7/1/2019 8:00:00 AM

    If you have been on the Employee Information System or EIS recently, you may have noticed that your Sick and, if applicable, Vacation balance is currently set to zero. DON'T PANIC. Payroll has yet to roll over the year-end balances from one fiscal year to the next due to the fact that the August 10 paycheck will cover the timesheet period from June 15 through July 16 for 12-month Classified staff.

    The roll balance process can only occur once and covers both Certificated and Classified Payrolls, so there is no way to roll them separately. If you would like to view your balances that have yet to be rolled over please log into EIS and go to Balance Detail under the Balances tab on the top navigation bar. Then simple select the prior fiscal year from the dropdown.

    Accruals for the new fiscal year may take additional time to process and audit. However, we always retroactively set the accruals to post on the applicable first day of the calendar month for each employee group. 12-month employees will have their accruals retroactively posted on July 1, 11-month employees on August 1 and 10-month employees on September 1.

    We appreciate your patience while we work through the change from one fiscal year to the next. Please feel free to contact your applicable Payroll Technician should you have any questions regarding the matter:

    Certificated
    Jessica Gonzalez
    jgonzalez1@ovsd.org
    714-847-2551 ext. 1424

    Classified
    Amy Glinskas
    aglinskas@ovsd.org
    714-847-2551 ext. 1422

    Comments (-1)
  • CalSTRS Pension2 Retirement Plans

    Posted by Certificated & Classified Payroll on 6/6/2019 8:00:00 AM

    CalSTRS provides Certificated staff a traditional defined benefit plan or pension, but many may not know that they also offer defined contribution retirement solutions for both Certificated and Classified staff including their CalSTRS Pension2 403(b), Roth 403(b), 457(b) and Roth 457(b) plans.

    If you are interested in setting up a CalSTRS Pension2 plan or any other supplemental retirement plan, please contact a Retirement Services Specialist at SchoolsFirst FCU at retirement@SchoolsFirstFCU.org or (800) 462-8328 ext. 8793.

    If you already have a supplemental retirement account thru SchoolsFirst FCU, you may access your account online thru their Plan Vue system.

    Comments (-1)
  • CalPERS Webinar - Your Retirement Calculation

    Posted by Classified Payroll on 4/22/2019 8:00:00 AM

    Do you ever wonder how your retirement allowance is calculated? If so, you're invited to attend an upcoming webinar hosted by CalPERS designed for members who wish to learn about the three factors that go into the pension calculation and some strategies to maximize it.

    • Date: Wednesday, May 8, 2019
    • Place: Online
    • Time: 11:00 - 11:30 a.m. (PT)
    • Registration: Free


    To register for this free webinar, select the Member Education link and scroll down to Upcoming Events to select the webinar of your choice from the CalPERS Education Center website.

    To learn more about upcoming CalPERS events, please subscribe to their Member Education Bulletin and you can receive email notifications for webinars, instructor-led classes in your area and CalPERS Benefits Education Events.

    Comments (-1)
  • SchoolsFirst FCU "Office Hours" at the District

    Posted by Certificated & Classified Payroll on 1/30/2019 8:00:00 AM

    The SchoolsFirst Federal Credit Union will be on site at the Ocean View School District Office (PLC – Building E) on Tuesday, February 12th , 2019.

    Representatives will be here to provide information or assistance with:

    • 403b and 457 retirement plan options, new enrollments, plan changes
    • Retirement planning
    • Becoming a Schools First FCU Member and other general Membership Questions


    Office Hours:
    10:00am to 4:00pm

    Location:
    District Office – Professional Learning Center (PLC) Building E
    17200 Pinehurst Lane
    Huntington Beach, CA  92647

    Schedule Appointments with:
    Brittany Vu, Schools First FCU Retirement Plan Advisor at https://ovsd.myretirementappt.com.

    If you have questions, please call (714) 352-1475 or email bvu@schoolsfirstfcu.org.

    Comments (-1)
  • Understanding Your 2018 Total Compensation Letter

    Posted by Certificated & Classified Payrolls on 1/25/2019 8:00:00 AM

    As we close another calendar year, employees will be receiving their annual W-2 statements showing their taxable income for the applicable year. In addition to this form, the district also provides permanent staff with a Total Compensation Letter to be mailed separately. The Total Compensation Letter provides each permanent employee with a complete overview of their total compensation at OVSD for the tax year, including salary and benefits.

    Please review the Understanding Your Total Compensation Letter for more information about what is included on this notification.

    If you have any questions, please contact the Payroll Department at (714) 847-2551.

    Comments (-1)