New base funding rate effectibe July 1, 2020 and new webinar training schedule

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New base funding rates effective July 1, 2020 and September 1, 2020

The employer base funding rate will change from $994 to $1056 per employee per month on July 1, 2020 through August 31, 2020. Beginning September 1, 2020 the employer base rate will change from $1,056 to $1,000 per employee per month. The employer base funding rate is the rate the employer pays each month for each eligible employee, also referred to as the funding rate or base rate.

The rate letter is available on the BA’s website, Rates page.

Employee contributions remain unchanged until January 2021.

Upcoming training schedule

New webinar training is posted on the BA’s website. Join us for one or more of the following topics:

  • Updates related to COVID-19 – May 15
  • Reviewing SEBB Eligibility Worksheets (C&D Series) – May 29
  • Special Open Enrollments (SOE) events – June 12
  • Retirement/Accounting/Billing – June 26
  • Understanding Error Correction – July 31
  • Preparing for the upcoming school year – August 14

Registration links are available on the Training Schedule page.