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Care for Self, Care for Others

CEO Notebook | Our employees’ wellbeing should be our first priority. It’s what holds our strong communities together. Jeffrey Shields, FASAE, CAE NBOA President and CEO Those of you working in the independent school business office have dealt with the technological...


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CARES ACT and Retirement Plans: What Independent Schools Need to Know

Human Resources | Should schools modify their retirement plans to include CARES provisions? And if the school wants to lower contributions, do those changes need to be made concurrently? A roundtable discussion with Chris Garrison of Plan PILOT and Dave Mauger of New Pinnacle...


Blog Entry
Risk & Compliance: Mandatory Paid Leave Is Coming

Human Resources | New leave laws are likely to arrive in your state or city if they haven't already. The time to prepare is now. Article by Amber Stockham, SPHR From the May/June 2020 Net Assets magazine Comprehensive benefits packages are nothing new to independent schools;...


Blog Entry
The Best Laid Plans: Retirement Investments and Fees

Human Resources | Schools have little time to manage 403(b) plans and employees have little interest. Recent research may help streamline improvements and boost returns. Article by Chris Garrison, Pinnacle Pension Consultants From the January/February 2020 NetAssets magazine ...


Blog Entry
Work-Life-Budget Balance: Millennial Benefits

Human Resources | Recruiting and retaining millennial employees may require new benefits and better work-life balance, but they can offer a fresh approach to school processes. Article by Katie Garcia, Chesapeake Bay Academy From the January/February 2020 NetAssets magazine ...


Blog Entry
Restating 403(b) Retirement Plans

(From Venable LLP) The IRS has set a deadline of March 31, 2020, for 403(b) plans to be restated on IRS pre-approved documents if a plan sponsor wishes to gain assurance that its plan document provisions retroactively meet IRS requirements. In 2013, the IRS announced a pre-approval program for...


Blog Entry
Affordable Housing as a Retention Tool?

(From Chalkbeat) More schools are turning to faculty housing development as an approach to teacher retention and recruitment, particularly in urban areas where many teachers would be otherwise unable to afford housing. But for these teachers, can reduced housing and a built-in community be...


Blog Entry
Faculty Housing Attracts Investor Interest

(from TechCrunch) Landed, a licensed real estate brokerage that helps educators buy homes by providing them wth downpayment assistance, has raised $7.5 million in funding to offers its services in more cities. The company now works in the San Francisco Bay Area, Denver and Seattle, all of which...


Blog Entry
No Breathing Room for FMLA Start Date

(from Society of Human Resource Management) Once an employer knows that a leave of absence qualifies under the Family and Medical Leave Act, it must designate it as such, even if the employee wants to exhaust paid-time-off benefits first. The U.S. Department of Labor took this position in a...


Blog Entry
Strategies: the Telemedicine Solution

Human Resources | Adopting a telehealth plan separate from its health insurance provider has saved Aspen Academy and its employees tens of thousands of dollars. Article by Lynda Sailor, Aspen Academy From the January/February 2019 Net Assets magazine Three years ago, Aspen...