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
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