A mandatory 7.65% contribution from the employee will be matched by 7.65% from the employer.
County 401(a) Retirement Program
This is a mandatory Retirement Plan for employees regularly scheduled for 20 hours per week or more. The minimum withholding amount is 3% of gross salary, which the county defers and matches.
The employee becomes vested in the employer's share of contributions to their retirement account at a rate of 20% per year. Additional contributions can be made to this plan after-tax up to 10% of gross salary.
457 Deferred Compensation Plan Match Program
This is an optional contribution. The County will match up to an additional 2% of gross salary contribution in this plan. This contribution can be done pre-tax or after-tax. Federal Insurance Contributions Act (FICA) tax is payable on employee and employer contributions.