Deferred Compensation- The Hartford

• For 2012, Employees may contribute pre-tax dollars up to $17,000 per plan year with an additional amount of $5,500 for employees age 50 and over.   There is also a Pre-retirement catch-up plan with a maximum contribution of $34,000 per plan year.  Contact your plan provider for details.

If you want to enroll in The Hartford plan, download the Hartford Enrollment Packet and complete the included enrollment form. Fax the completed enrollment form directly to Employee Benefits for processing.

If you want to change your bi-weekly contribution, log in to PeopleSoft Self Service to make the change. Click on this Self Service Tutorial for instructions.
 
 

• Withdrawal or rollover of funds is allowed only at termination/retirement of County employment or if a Hardship withdrawal is requested and approved.  *Taxes will be due upon withdrawal of funds.

Contact The Hartford if you want to withdraw or rollover your funds.

• If you want an appointment or to attend a quarterly meeting with a Hartford Representative, click here to download the Hartford Flier for the current dates, locations and contact information.  There are presentations being held as well. Click here to download the Hartford Presentation schedule.

• The Hartford offers a 457 Deferred Compensation Loan Program.  Click here to download the Hartford Loan Packet for the application and instructions.
  
  
  
  
• Hartford Enrollment Packet
• Hartford Enrollment Form
• Hartford Address Change Form
• Hartford Beneficiary Designation Form
• Hartford Contribution Change Form
• Hartford 457 Loan Packet
• Hartford Pre-Retirement Catch-Up Form

• Contact Information:

The Hartford - 800-528-9009

Employee Benefits
Office 209-525-5717
Fax 209-525-5779

 

PARS

• Stanislaus County provides the Public Agency Retirement System for eligible part time
  employees.
   
• A federal law, the Omnibus Budget Reconciliation Act of 1990 (OBRA 90), requires that governmental employees who are not members of their employer's existing retirement system, be covered under Social Security or an alternate plan. The PARS Alternate Retirement System (PARS-ARS) satisfies federal requirements and provides cost savings to you and your employer when compared to Social Security. The PARS plan only requires a minimum contribution of 7.5% to your retirement account.
  
  
• As a part-time County employee, you will be automatically enrolled into the PARS Alternate Retirement System. However, there are some employees who are exempt from coverage.
  
  • A part-time employee who is a member of another retirement system.
  • Rehired retirees who return to work for the same employer in a position covered by the same retirement system they retired under.
  • A part-time employee that is hired at age 60 or over.
    
• When you leave County employment, there is a 60 day waiting period to withdraw or transfer your PARS funds. Once this 60 day waiting period has past, the County will notify PARS of your termination. At that time PARS will send you an information packet with your options.
  
  
• PARS General Information Sheet
• PARS Plan Summary
• PARS Designation of Beneficiary Form
• PARS Government Pension Offset Info
• PARS SSA-1945 Cover Letter
• PARS SSA-1945 Notification
• PARS Windfall Eliminate Provision Info

• Contact Information:

Public Agency Retirement System - 800-540-6369

IMPORTANT ANNOUNCEMENT!

To all employees participating in the Public Agency Retirement System (PARS)

The PARS Agency Annual Statement provides information about the PARS assets of employees of your particular employer as a whole.

Information about your particular PARS Participant account is available in the Annual Participant Account Valuation Report.

These reports are available at the location listed below:

Location:

Stanislaus County CEO-Risk Management Division
1010 10th Street Suite 5900
Modesto, CA 95354
209-525-5717