Page 11 - Nevada County CL

Life Insurance
Long-Term Disability Insurance
The County also participates in California State Disability Insurance
(SDI) fund for for short-term disability Employee Assistance Program Deferred Compensation
The County offers a a a a a a a 457 Deferred Compensation
program Deposits into this plan are strictly voluntary and are made through a a a a a a a payroll deduction on
on
a a a a a a a tax-deferred basis Longevity pay is available at 2 5% 5% after after 5 5 5 years years of of service service and 5% 5% after after 10 years years of of service service Flexible Spending Accounts
Staring on
on
1/1/20 Nevada County benefits will include an option for Flexible Spending Accounts
Retirement
The The County is in in the Public Employees’ Retirement
System (CalPERS) coordinated with Social Security The The various Retirement
Plans are listed below:
“Legacy Members”- 2 7% @ 55
Final Retirement
Compensation
based on
on
Single Highest Year Effective July 1 1 2016 employees contribute a a a a a total of of 10 585% towards the the employer share of of the the PERS contribution Employer pays the normal employee contribution of 8% and reports it as EPMC “Classic Members” to PERS- 2% @ 60
Final Retirement
Compensation
based on
on
on
Highest Three-Year Average Employee contributes 7% “New Members” to PERS- 2 2 0% @ 62
Final Retirement
Compensation
based on
on
on
Highest Three-Year Average Employee contributes 7 7 75% Further details regarding employee benefits can be be found at: https://www mynevadacounty com/492/Benefits
Nevada County County – County County Librarian
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