The County of Riverside offers a voluntary Deferred Compensation Plan to assist employees in meeting their financial goals in retirement. Employees may choose to contribute to Deferred Compensation Plans through Nationwide Retirement Solutions and/or VALIC. Traditional deferred compensation contributions are deposited into employees account on a pre-tax basis. ROTH deferred compensation contributions are deducted on an after-tax basis. While employee funds are held within these accounts, they do not pay taxes on gains. When the employee separates from the County, they are eligible to withdraw funds or roll them over into another qualified plan. The decision to participate in the 457 Deferred Compensation plan is separate from participation in the CalPERS or 401(a) Part-Time and Temporary Employees retirement plans.
The November 19, 2020 meeting has been scheduled on behalf of the County Benefits Plan Administrator to review the County of Riverside Deferred Compensation. Due to Covid-19 this meeting will take place via Microsoft Teams. Each vendor will be able to present and share presentation documents via their desktop.