Enrollment

We’re here to help! Enrolling in the plan is simple, but investing for your life goals requires you to be informed.

Before Enrolling in the plan, you should:

• Understand the plan features
• Review the Investment Options offered
• Understand the Investment Option Performance

Am I eligible to participate in the 457 Plan?

The Kern County 457 Deferred Compensation Plan is a voluntary plan available to all full-time employees of Kern County.

There are two ways to enroll in the County's 457 Plan.

1. Meet with the County’s local representative. You can choose to meet individually with a local representative to review your personal situation and help you through the enrollment process.
   To make an appointment to enroll, please contact Liliana Fahel* at 661-868-3467 or email Liliana.Fahel@voyafa.com. Liliana is located in the Treasurer’s Office at 1115 Truxtun Avenue, 2nd Floor, Bakersfield, CA 93301.
    
2. Online Enrollment. You can complete the enrollment process online, including selecting your investment choices, by selecting the Enroll Now link on this page. Online enrollment is quick and easy. Before enrolling in the plan, you should also be prepared to provide the name of each person you wish to designate as your beneficiary. You may submit up to 10 beneficiaries online.

For PTST Deferred Compensation Plan full-time participant transfers into the Kern County 457(b) Deferred Compensation Plan:

As part of your full-time employment, the County has instructed Voya to transfer any PTST Deferred Compensation Plan (#664181) account balance to the 457(b) Deferred Compensation Plan. Shortly after the account balance transfer is processed, Voya will issue a confirmation of transaction activity, showing the account balance contribution into the Plan.

The Plan has 20+ investment options to choose from as well as other plan features. As soon as your balance from the PTST Plan is transferred to the Plan you can start taking advantage of these investment options, the employer match, and the other plan benefits. Your account assets will map to the Kern County Stable Value Fund** in the Plan.

** Voya Stabilizer^SM is offered through a group annuity contract issued by Voya Retirement Insurance and Annuity Company (VRIAC). Stability of principal is the primary objective of this investment option. Voya’s Stabilizer^SM guarantees a minimum rate of interest and may credit a higher interest rate from period to period. The credited interest rate is subject to change, up or down, but will never fall below the guaranteed minimum. The guarantees provided by the contract are based on the claims-paying ability of VRIAC. The assets are held in a separate account and are “insulated” from claims arising out of any other business conducted by VRIAC and can be used only for the benefit of plan participants. Withdrawals resulting from employer-initiated events, such as withdrawals following mass layoffs, employer bankruptcy or full or partial plan may be restricted. Your stable value account balance is not guaranteed by the Federal Deposit Insurance Corporation (FDIC), by any other government agency or by your plan. This portfolio is not a registered investment under the 1940 Act and has not been registered with the Securities and Exchange Commission.