BENCOR
1-800-330-4014
David Payne x 5060, Retirement Representative
Travis Payne x 5064, Retirement Representative
Michael Payne x 5069, Retirement Representative
For General Questions and Assistance:
Gena Flores x 5075, Florida Coordinator
Rhonda Horner x 5067, Florida Assistant
BENCOR Main Service Center Phone 1-866-296-9712 Fax 1-888-500-7111
Brevard Public Schools provides the BENCOR Special Pay Plan (SPP) as an important retirement benefit for all eligible employees. BENCOR is a mandatory qualified retirement plan. BENCOR, is for an employee who is retiring or entering DROP and has accumulated at least $500 in "Special Pay" (sick leave pay, annual leave). Contributions to this plan permanently avoids Social Security and Medicare taxes for both employees and employers, which equates to an immediate and permanent payroll tax savings of 7.65%.
Features of the Plan include:
100% vested in all contributions to the Plan, immediately
Income taxes on contributions and the earnings deferred until withdrawal
Social Security and Medicare taxes are permanently saved on contributions to the Plan
Link to: Brevard SPP Welcome Letter
Link to: SPP Easy Access Flyer