The Santa Clara Valley Water District, now known as Valley Water, offers its employees a comprehensive benefits program that provides choices and flexibility. The district offers medical, dental and vision benefits for employees and their eligible dependents including registered domestic partners.
Eighty (80) hours in a 2-week pay period: Some 5 consecutive 8-hour days for 2 weeks; some 4 consecutive 9-hour days and 1 day off 1 week, and 4 consecutive 9-hour days and 1 8-hour day the other week.
Classified employees accrue 10 days first year, 12 days second year, 16 days fifth year, 18 days 10th year, 21 days 15th year, and 22 days 20th year.
Accrue 12 days per year with unlimited accumulation. Upon retirement, up to 480 hours of accrued sick leave shall be paid to the employee at the rate of 50% of the equivalent cash value, or the accrued balance may be converted into additional CalPERS service credit. Upon resignation with ten or more year service, up to 480 hours of accrued sick leave shall be paid off at the rate of 25% of the cash value.
An additional 24 hours of personal leave is provided each fiscal year (pro-rated if hired after the fiscal year starts).
Employees represented by the Professional Managers Association receive 32 hours of prorated management leave each fiscal year.
Fourteen designated holidays.
Valley Water offers three medical plans: Blue Shield PPO, Blue Shield HMO and Kaiser HMO. Employees pay 15% of the monthly medical premium while the district pays the remaining 85% of the medical premium.
Vision Service Plan (VSP) is the vision coverage for individuals who chose either of the Blue Shield Plans. Valley Water pays the total premium cost for all employees and eligible dependents for VSP. The vision coverage for Kaiser members is part of the Kaiser medical plan.
Delta Dental is the dental care plan offered by Valley Water. The district pays the total premium cost for all employees and eligible dependents.
Employee Assistance Program
Concern is the employee assistance program offered by Valley Water. The district pays the total premium cost for all employees and eligible dependents.
Life Insurance/Disability Insurance
Basic life insurance for all full time and part time employees (employee must work 20 hours or more per week) is provided by Valley Water. Short and long-term disability income protection insurance for all employees provided by the district. Additional basic life, short and long term disability income protection and accidental death and dismemberment insurance available at group rates paid by the employee.
California Public Employees Retirement System (CalPERS)
Valley Water participates in the Public Employees Retirement System (CalPERS).
CalPERS Retirement for new members hired on or after 1/1/2013 (Tier 3)
2.5% at 55 with final compensation of highest 36 consecutive months. Employees are required to pay 50% of the total normal cost as determined by the annual CalPERS valuation and is subject to change each fiscal year. The current required employee contribution is 8% (6.75% for the member contribution and 3% towards the Valley Water’s CalPERS cost. The additional amount over and above the required employee contribution will increase by 0.5% each fiscal year of the contract.) Contributions are pre-tax payroll deductions.
CalPERS Retirement for classic members hired on or after 3/19/2012 (Tier 2)
2.0% at 60 retirement plan with final compensation of highest 36 consecutive months. The current required employee contribution is 7% (7% for the member contribution and 4% towards the Valley Water’s CalPERS cost. The additional amount over and above the required employee contribution will increase by 0.5% each fiscal year of the contract.) Contributions are pre-tax payroll deductions.
CalPERS Retirement for classic members originally hired by Valley Water prior to 3/19/2012 (Tier 1*)
2.0% at 62 retirement plan with final compensation of highest 12 consecutive months. The current required employee contribution is 7.25% (8% for the required member contribution and 3% towards the Valley Water’s CalPERS cost. The additional amount over and above the required employee contribution will increase by 0.5% each fiscal year of the contract.) Contributions are pre-tax payroll deductions.
*Tier 1 CalPERS Retirement is for eligible re-hired Valley Water employees whose original hire date was prior to 3/19/2012 and who have not received a refund of their contributions, or have elected to redeposit any withdrawn contributions prior to 90 days after returning to Valley Water employment
Valley Water does not contribute to Social Security. Medicare contributions are mandatory
Deferred Compensation Plan
Optional Deferred Compensation Plan (per the Internal Revenue Code 457 and 401) is available allowing sheltering of current income for payment later to supplement your retirement. Annual district matching contributions determined by the employee’s designated bargaining unit.
Retiree Medical Insurance
Medical coverage is provided for retired employees who meet the required years of service with Valley Water. Prior public agency service may be used to meet eligibility requirements.
An applicant may be required to pass a job related medical examination prior to appointment. These exams are administered by the district-selected physicians at no cost to the applicant.
Other Benefits offered by Valley Water
- Health Care Reimbursement as provided by the Internal Revenue Code Section 125
- Dependent Care Reimbursement as provided by the Internal Revenue Code Section 129
- Legal Insurance offering comprehensive legal benefits
- Pet Insurance
- Financial Wellness Program
- Professional Reimbursement for items related to the employee’s area of responsibility
- Tuition Assistance program allows individuals to further facilitate their career development
- Commuter Check Program
- Wellness Program offers employees opportunities to participate in wellness-related activities and events
For more information, please call the Valley Water Benefits Hotline at (408) 630-3030.