The County makes available an optional supplemental retirement program for eligible employees. The plan provider is Nationwide Retirement Solutions.   

>What is the Supplemental Retirement Program? 
>Who is eligible to participate?
>How do I enroll?
>When will it start once I enroll?
>How much does the County contribute?
>What is the vesting period?
>Can I access my account online?
>Will I receive account statements?

What is the Supplemental Retirement Program?
The Supplemental Retirement Program is an IRS Code Section 401(a) plan.  The program was approved by the Board of County Commissioners on December 6, 2001 and it became effective January 1, 2002.

Who is eligible to participate?
All full-time regular and part-time benefit-eligible employees who participate in the 457 Deferred Compensation Program are eligible for Supplemental Retirement benefits.  

How do I enroll?
You can enroll anytime:

(1) You must be enrolled in a deferred compensation plan (either ICMA or Nationwide and contributing a minimum of $10 per pay period) to participate in Supplemental Retirement.
AND
(2) enroll for supplemental retirement. 

Enrollment forms are available in OFM-Benefits, you may enroll online at www.nationwidefinancial.com (you'll need the group number: 91306617 to enroll), or call 1-800-772-2182 (and push "0" during the voice response to reach an operator).

When will it start once I enroll?
Enrollments/changes to the deferred compensation (457) plans take effect with the first paycheck received in the month following the date the form was signed (providing the form is received timely). For example, if an enrollment form is received that was signed on 02/04/02, deductions will begin with the check the employee receives on 03/08/02. If you want to be sure which pay period the deductions will start, please contact OFM-Benefits.

Employees can begin or end participation in the 457 plans (either Nationwide or ICMA) at any time, but the employer matching contributions to the 401(a) plan will only be sent to Nationwide when employees are actively participating in one of the 457 plans.  

How much does the County contribute? 
A matching contribution equal to 100% (up to 2% of base bi-weekly pay) of the amount the employee contributes to either of the deferred compensation programs (i.e., 457 plans with either Nationwide or ICMA) will be made to the 401(a) plan each payroll period.  
 
Employees may contribute more than 2% to their deferred compensation accounts, but the employer match will be capped at 2% of base bi-weekly pay. 

County matching contributions do not appear on employees’ paychecks (457 deferrals do).

What is the vesting period?
5-years: qualified years of service will be counted (i.e., someone who has been a full-time regular or part-time regular employee for 5 or more years will be vested immediately). Prior service with the County will count towards vesting time, as long as the break in service is no greater than 5 years. 

An employee automatically becomes fully vested upon the attainment of age 65, death, or disability.

Employees will become vested in plan contributions according to the following schedule: