School Board analyzes post-retirement program


A program that pays retired Henrico school system employees a percentage of their final annual salaries in exchange for their part-time work within the system saves considerable money on substitute teacher expenses but could provide even more value to the system with several adjustments.

That was the conclusion of an in-depth analysis completed by county and school system finance officials, who presented their findings to the School Board Sept. 13.

At the beginning of the current fiscal year in July, the board increased the requirements of retirees who participate in the Post-Retirement Earnings Plan (PREP) program, mandating that they work at least 28 days during the school year in order to receive pay equal to 20 percent of their final annual paychecks. Eligible retirees may participate in the program for a maximum of seven years; 388 participate currently.

It was the third change made in the past three years by the board, which is seeking to squeeze more value from the 32-year-old program while reducing its annual cost. The PREP budget has dropped from its peak of $8.9 million in 2009 to $5.6 million during the current fiscal year. Prior to this year’s change, PREP participants received 22 percent of their final paycheck in exchange for working 24 days a year.

The program was created in 1980 as a way to provide a benefit to employees, encourage early retirement and save the school system money. During its budget process this spring, the School Board sought specific data to better determine the effectiveness and value of the program. But last week’s work session was proof that categorizing that value is a challenging exercise.

Though it’s relatively easy to determine the cost savings that results from using PREP retirees as substitute teachers – since there is a standard rate of pay for substitutes – it’s much more difficult to determine the value of administrative retirees who perform a variety of other responsibilities, Henrico Finance Director Gene Walter told the School Board.

Walter and his staff studied 507 PREP participants who entered the program during the past seven years and whose replacements were hired immediately upon their retirement. (The study didn’t include nearly 50 other participants whose former positions were eliminated, he said.)

Of those 507, 317 were retired teachers whose combined participation during those seven years saved the system $1.18 for each $1 it spent on the program, Walter said.

But Walter and his analysts could not determine a dollar-to-dollar estimate for the other 190 participants because their roles within the system were less defined and often entailed duties for which the system wouldn’t have hired temporary help.

School system officials recommended that the board consider a number of changes to the program that would make it easier to determine a clear value for each dollar spent in the program, including:

• assigning every participant to serve either as a substitute teacher (if qualified) or to fill another capacity with specific and direct calculable benefit to the system (such as SOL remediation);

• capping the maximum allowable salary to a participant at $90,000 annually;

• increasing the number of required years of Henrico service from 10 years to 15 years for eligible retirees and reducing the number of required years of service in the Virginia Retirement System from 16 to 15;

• requiring that interested participants notify the system of their intent by Dec. 1 annually and begin their participation the following July 1 (as opposed to the current system, which permits entry throughout the year – a minimum of 30 days after retirement – and makes budgeting for the program less predictable);

• grandfathering all current participants under the current standards until they have completed their seven years or dropped out of the program.

“We have determined that there’s a large responsibility on everyone’s part here to develop something that’s going to be very beneficial and cost-effective and also value-added to the school system,” Superintendent Pat Russo said during the work session. “That’s where we want to move this program.”

Current guidelines require that participants be at least 50 years old without having attained the age for full, unreduced Social Security benefits. The program initially was designed in part to serve as a bridge between retirement and Social Security, HCPS Finance Director Kevin Smith told the board. Using current standards, 854 current school system employees would be eligible to participate in the PREP program if they retired, HCPS Human Resources Executive Director Howard Banks said.

The board is expected to discuss the recommendations and the PREP program again at a meeting next month.
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Missing Eastern Henrico man found dead

Henrico Police have found the body of a missing Eastern Henrico man.

The body of 25-year-old Taj Rashad Bullock, who was last seen June 10 in Eastern Henrico, was found June 20 in a wooded area in that part of the county. > Read more.

Henrico Schools to participate in USDA summer food service


Henrico County Public Schools, through its Division of School Nutrition Services, will participate in the 2017 Summer Food Service Program administered by the US Department of Agriculture. The program provides meals to students enrolled in Henrico Schools summer programs or in those run by the Henrico County Department of Recreation and Parks.

Food service will be provided Monday through Thursday each week. (All sites will be closed Tuesday, July 4, in recognition of Independence Day.) Breakfast will be served from 7 a.m. to 9 a.m. Lunch will be served between 10 a.m. and 1 p.m., but specific lunch times will vary depending on the site. > Read more.

Henrico to offer July 20 class on treating opioid overdoses with naloxone

The Henrico County Division of Fire and Henrico Area Mental Health & Developmental Services (MH/DS) will present a free class Thursday, July 20 on how to administer naloxone to potentially save the life of someone who has overdosed on opioids.

The Revive! Opioid Overdose and Naloxone Education for Virginia class will be held from 5:30 to 7 p.m. at the MH/DS offices at 4825 S. Laburnum Ave. > Read more.

Crime Stoppers’ Crime of the Week – June 20, 2017


Police in Richmond are still looking for the person who they say robbed the FasMart at 2107 Semmes Avenue. Crime Stoppers needs the public's help identifying this suspect.

The robbery occurred at approximately 12:45 a.m. on Wednesday, May 31. The suspect entered the store pointing the weapon at the store clerk. As the suspect walked toward the counter, a second employee approached the suspect and grabbed the barrel of the weapon. > Read more.

Henrico County property transactions, May 29-June 4


A sample of property transactions during this period appear below:

2402 Parrish St. – $123,735, 936 SF (built in 1950), from Bryan Michael Wilson to Zachary B. Canfield.
1904 S. Battery Dr. – $130,000, 1,643 SF (built in 1946), from Sharon Vaughn Turner to Dylan P. Hampson.
2804 Elkridge Circle – $150,000, 1,500 SF (built in 2010), from Tirso and Virginia Cruz to Dawn Wilson-Brown.
3308 Birchbrook Rd. – $175,000, 1,259 SF (built in 1956), from Jason G. and Sarah J. Nuckols to Truyen Nguyen.
1609 Varina Station Ct. – $197,500, 1,936 SF (built in 1995), from Kevin O. and Kimberly A. Ridley to Maurquis Richardson. > Read more.

Henrico Business Bulletin Board

June 2017
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The 13th annual Stone Soul Music and Food Festival will take place from 1 p.m. to 8 p.m. at the Classic Amphitheater at the Richmond Raceway Complex. Richmond’s premiere R&B and urban contemporary music festival features Ludacris, Fat Joe and Remy Ma, Meek Mill, Ginuwine, Kid N Play, LeToya Luckett, Big Daddy Kane, Da Baby and more. There will also be food and other vendors. General admission tickets start at $47 and are available at http://www.etix.com and DTLR stores in metro Richmond. Full text

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