The County is offering free informational classes for employees to learn about the County sponsored 457(b) plans from each of our servicing vendors (Nationwide and VALIC). The goal of the classes is to assist employees with increasing their savings potential and financial planning knowledge. All County employees are encouraged to attend one of the scheduled classes. Pre-enrollment is not required.
There are significant advantages to participating in the 457(b) plan:
- Make contributions either tax-deferred or after-tax
- Potentially increase the value of your money over time
- Control your own investment portfolio, asset allocation, and market risk
- Identify ways to include retirement savings in your budget
- Maximize your return rate
- Learn to prepare for a more secure retirement by getting an early start
- Understand payout options and limits
- Incorporate post retirement strategies
- Education on distribution planning, Social Security and Medicare, investment planning, asset allocation, and estate planning
- Unforeseeable emergency withdrawal, as long as certain qualifications are met
- You may become eligible for a Plan loan at competitive rates
County employees may take full advantage of receiving professional advice from a qualified financial consultant through the County’s Deferred Compensation Savings Plan vendors at no cost. To contact a plan vendor, please call:
Nationwide Retirement Solutions
VALIC
Employees interested in obtaining further details about the 457(b) plan and its pre-tax and after-tax options are encouraged to attend one of the voluntary workshops scheduled below. These workshops are designed to assist and educate employees in determining the best saving options available to meet their needs.
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Date
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Time
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Location
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Conference Room
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Tuesday
April 23, 2013
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12:00pm - 1:00pm
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County Administrative Center (CAC)4080 Lemon Street, Riverside, CA 92502
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1st Floor, Room 2A
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Wednesday
July 24, 2013
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12:00pm – 1:00pm
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County Administrative Center (CAC)4080 Lemon Street, Riverside, CA 92502
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1st Floor, Room 2A
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Wednesday
October 23, 2013
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12:00pm – 1:00pm
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County Administrative Center (CAC)4080 Lemon Street, Riverside, CA 92502
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1st Floor, Room 2A
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