Eligibility and Automatic Contributions
All part-time, seasonal, temporary, and extra-help workers employed by Kern County automatically have 7.5% of their wages directed to a retirement plan sponsored by the County. These pre-tax deductions from your paycheck are made instead of Social Security withholding as required by Federal regulation. The deductions are set aside in a retirement account in your name under the Kern County Deferred Compensation Plan Part-Time, Seasonal and Temporary (“Plan”).
Investments
All payroll deducted contributions are automatically invested in the Kern Stable Value Fund.
Statements
On an annual basis, Voya will provide a personal account statement for your financial records.
Withdrawals
These assets have been set aside specifically for retirement, so you cannot request withdrawals from your account until after you are fully separated from service with Kern County. Plan rules permit you to take a withdrawal no sooner than 6 months after your final date of employment.
Questions
If you have questions, contact:
- KernCounty457.com — information available 24/7
- Call your local Voya representative*, Lilliana Fahel, at 661-868-3467 or email Liliana.Fahel@voyafa.com
- Contact Voya’s Retirement Readiness Service Center at 800-584-6001