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Ventura County Human Resources Ventura County Human Resources
  • Human Resources
    • Benefits
      • Benefits – Home
      • Public Service Loan Forgiveness
      • Planning for Your Future
        • Deferred Compensation
        • Pension Plan
        • Retirement FAQs
        • Safe Harbor
      • Benefit Plans
        • Plan Year 2023
        • Life Insurance
        • Flexible Spending Accounts
        • Transportation Benefit Reimbursement Program
        • Retiree Health Benefits
        • Absence Management & Disability Plans
        • Cobra Rates & Information
        • Employee Emergency Assistance Program
      • Working Well
        • Employee Assistance Program
        • Wellness Program
        • Work / Life Program
        • Commuter Benefits
    • Classification & Compensation
    • Complaint Resolution
    • Equal Opportunity Employer
    • Labor Relations Management
    • Policies & Memorandum
    • Training & Development
    • Volunteer
  • How to Apply
    • All Jobs
    • Promotional Jobs
    • Job Descriptions
    • How to Submit a Successful Application
    • How to Prepare for an Oral Exam
    • How to Prepare for a Written Test
    • How to Prepare for a Practical Exam
    • How to Prepare for a Selection Interview
    • Typing Certificate Requirements
  • Diversity, Equity, and Inclusion Council
  • Internships
  • FAQs
    • Retirement FAQs
    • Recruitment FAQs
    • Benefits FAQ
  • About
    • Who We Are
    • Contact HR
    • HR Organization Chart
    • Personnel Records Retention Schedule
    • Testimonials
    • Ventura County Lifestyle
      • Lifestyle
      • ventura.org
  • DEFERRED COMPENSATION

Upcoming Deferred Compensation Committee Meeting

  • December 8, 2022, 2:30pm – Agenda

The County offers eligible employees the ability to save for retirement on a tax-deferred basis through the 401(k) and 457 Plans. Tax-deferred means you don’t pay income taxes on the amount you contribute to the Plans – or earnings on those contributions – until you withdraw those funds after you separate from service. This means that your retirement income can accumulate faster than if you invested it in a regular savings account. In addition to pre-tax contributions, you are also able to make after-tax contributions through the Roth option available in the 457 Plan.

As another incentive to save, the County offers most eligible employees a matching contribution in the 401(k) Plan. This means that if you choose to contribute to the Plan, the County will also make a contribution to your account. If you don’t participate in the Plan, and you’re eligible for the match, you’re essentially throwing away free money.

You may think you can’t afford to participate in the Plans. But, on the other hand, can you afford not to participate? Remember, you can start small – every little bit helps. And, it’s never too late to start.

To find out if you’re eligible to participate in the Plans, find out the amount of your County matching contributions, or request an enrollment guide, contact your department’s personnel representative or the Deferred Compensation Program by e-mailing to deferred.compensation@ventura.org. To enroll in the plan, or to increase your contributions call Fidelity at 800/343-0860 or logon to NetBenefits at http://netbenefits.com/ventura

How does your financial wellness stack up?

Retirement Planning 101 What You Need to Know

The “Retirement Planning 101: What You Need to Know” workshop has gone virtual. Since in-person workshops are currently suspended due to Covid-19, a recorded version is now available to view from the comfort and safety of your own home. Please visit the provided links to view this comprehensive pre-retirement workshop and access the resource materials referenced in the video presentations. We hope you find this information beneficial as you plan for your retirement. Should you have any questions, please feel free to
contact us at Deferred.Compensation@ventura.org.

Retirement Planning 101 What You Need to Know Presentation Resource Center

What is Financial Wellness?

No doubt you are aware how important physical and mental wellness are for your overall health and happiness. But what about your financial wellness? How do you feel about your finances? Take some time to explore your financial wellness so you can feel control over your money management and have peace of mind that you are on the right path.

Fidelity has created a comprehensive education module on Financial Wellness with a variety of tools and resources. You are encouraged to take a look and access the tools that are right for you.

nervous face

HOPING TO GET ON TRACK FINANCIALLY AND NOT SURE HOW TO GET STARTED?

Take advantage of a workplace savings plan, like a 401(k) or a 403(b). If you are already enrolled, consider contributing 1% more.

shocked face

JUGGLING MULTIPLE FINANCIAL PRIORITIES AND FEELING STRESSED ABOUT HOW TO TACKLE THEM?

Access online learning resources in the NetBenefits.com Library for more help and ideas to manage your goals.

happy face

FEELING CONFIDENT MONEY-WISE, BUT WANT TO KNOW HOW TO DO EVEN BETTER?

Great! Keep going! Try doing one new thing (for example, increase your savings rate or research a new investment vehicle).

  • Financial Wellness Website
  • Webcast Hub

Enrollment

  • Getting Started
  • COUNTY Employees – 2023 Plan Limits and Employer Matching Contribution Amounts
  • COURT Employees – 2023 Plan Limits and Employer Matching Contribution Amounts
  • 401(k) vs. 457 Plan Comparison
  • Contribution Worksheet
  • BrokerageLink Fact Sheet
  • 457 Roth Fact Sheet
  • Who do you contact…

Planning and Guidance

  • Dedicated Fidelity Retirement Planner

Planning Resources

  • Budget Worksheet
  • Making the Most of Your Retirement Savings

Beneficiaries

  • Online Beneficiaries

Annual Leave Buydown/Payoff Deferral to 457

  • 457 Buydown/Payoff Deferral forms
  • 457 Buydown/Payoff Tax Withholding Information
  • Ventura County Payroll Calendar 2020-2022

Service Credit Purchase

  • Prior Service Purchase Information Sheet
  • 401(K) Shared Savings Plan Prior Service Purchase – Transfer To Qualified Retirement Plan
  • Section 457 Plan Prior Service Purchase – Transfer To Qualified Retirement Plan

Separating from County Service

  • Understand Your Options
  • Separation checklist

401(k) Loans

  • 401k Loans While on Leave
  • Things to consider before taking a loan
  • 401(k) Loan Rules

Hardship and Emergency Withdrawals

  • Hardship and Emergency Withdrawal Information
  • 401k Safe Harbor Hardship Withdrawal Application
  • 401k Facts and Circumstances Hardship Withdrawal Application
  • 457 Emergency Withdrawal Application
  • 401k Hardship and 457 Emergency Withdrawal Packet

Qualified Domestic Relations Order (QDRO)

  • 401(k) Attorney QDRO Template
  • 401(k) Pro Per QDRO Template
  • 457 Attorney QDRO Template
  • 457 Pro Per QDRO Template

Plan Oversight

  • Deferred Compensation Committee

Plan Documents and Amendments

  • 457 Plan Document
  • 401(k) Plan Document

Investment Policy Statement

  • Investment Policy Statement

457 Special Catch-Up

  • 457 Special Catch-Up Information
  • 457 Special Catch-Up Enrollment Form

Deferred Compensation Presentations

Fidelity Workplace Education Series

  • Get Started Presentation
  • Budget Debt Management
  • Fundamentals of Retirement Income Planning
  • Confident Investing in Any Market
  • Invest Confidently For Your Future
  • College Planning 529
  • Make the Most of Your Retirement Savings
  • Make the Most of Social Security
  • Preserving Your Savings for Future Generations
  • Identify and Prioritize Your Savings Goals

Retirement Planning 101

  • Retirement Planning 101: What You Need to Know Video
  • Retirement Planning 101: What You Need to Know – Presentation Resource Center
  • Fidelity – Making the Most of Your Retirement Savings Presentation

Additional Workshops

  • New Employee Orientation Presentation

               New Employee Orientation Video


Living Trust and Estate Planning Dates

The Living Trust and Estate Planning Workshop, along with additional educational workshops, are hosted at Ventura County Credit Union (VCCU) locations throughout Ventura County. Check out the VCCU website at https://www.vccuonline.net/membership/member-education for a schedule of their upcoming workshops.


Contact Information

Deferred Compensation Administrator
CEO Human Resources/Benefits
County of Ventura
800 South Victoria Ave #1970
Ventura, CA 93009
Phone: (805) 654-2620
Fax: (805) 658-4528
Deferred.Compensation@ventura.org

See what County of Ventura has in store for you. See Job Listing!

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800 S. Victoria Ave.
Ventura, CA 93009

805-654-5129
HR.Admin@ventura.org

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