Benefits Guide 2023

RETIREMENT PLANS

• Kern County Employees' Retirement Association "KCERA" (SEIU Members)

• Deferred Comp 457(b)

• Defined Contribution 401(a) (MMC Employees only)

• Physician Pension Plan (through TIAA)

Represented Employees You are automatically enrolled in the Kern County Employees’ Retirement Association (KCERA). You may also contribute additional pre-tax earnings into the 457(b) Deferred Compensation plan. You are eligible for up to a 6% employer match when you contribute 6% of your pre-tax earnings into the 457(b) plan. Management, Mid-Management, and Confidential Employees You are eligible for up to a 9% employer match when you contribute 12% of your pre-tax earnings into the retirement plan. Employee contributions deposit into the 457(b) Deferred Compensation plan and employer-matching contributions deposit in the 401(a) Deferred Compensation plan. Employed Physicians You are automatically enrolled in the Physicians’ Pension Plan though TIAA. You may also contribute additional pre-tax earnings into the 457(b) Deferred Compensation plan.

16 - KERN MEDICAL - BENEFITS SUMMARY