Defined Contribution Retirement Plans – The County offers three supplemental retirement plans. … The two voluntary supplemental retirement plans are: Deferred Compensation & Thrift Plan (Horizons, 457 plan) for all full-time permanent employees. Savings Plan (401k) for full-time permanent, non-represented employees.
In this regard, does LA County offer 401K?
The County of Los Angeles offers one contributory retirement plan. DEFERRED COMPENSATION: … 401K deferred compensation plan with 4% County matching contribution is offered as an additional supplement to the Horizons 457(b) to retirement benefits for all non-represented employees.
Besides, does LA County offer a pension?
The County offers a number of deferred compensation plans for full-, part-time and seasonal employees. The plans provide a great way to save for retirement and supplement the defined benefit pension available to full-time employees.
What is lacera Plan G?
Welcome to LACERA Retirement General Plan G. Plan G is a comprehensive plan that provides a wide range of pre-retirement, post-retirement, and continuing benefits for eligible survivors and beneficiaries. *“New member” as defined by PEPRA § 7522.04(f).
What is a 457b account?
A 457(b) plan is an employer-sponsored, tax-favored retirement savings account. With this type of plan, you contribute pre-tax dollars from your paycheck, and that money won’t be taxed until you withdraw the money, usually for retirement.
What is a pension savings plan?
A pension plan is a retirement–savings plan typically funded by an employer. Money goes into the pension on behalf of the employee while the employee works for the organization. The employee receives regular payments in retirement. Pensions differ from 401(k)s, though both are employer-sponsored retirement plans.
How do I contact empower retirement?
855-756-4738.