Employees with five or more years with the County of Riverside can participate in the PEP, based on their bargaining unit’s MOU.  PEP provides employees who are ending employment with the County the opportunity to save money on taxes.  When you separate from the County, your leave balances are contributed to the PEP and deposited into a tax-deferred account instead of being paid directly to you and taxed at a higher rate.  One of the options available to all PEP participants is the Health Savings Plan.  The Health Savings Plan provides employees with tax-free post-employment health expense reimbursement that may be used for qualified medical, dental, or vision out-of-pocket expenses.