Employer Contribution to Deferred Compensation Plan. Effective July 1, 2021 the County will provide the following deferred compensation plan match to all YCPPOA represented employees with open 457 deferred contribution accounts: • Beginning with the pay period following the completion of 2 years of service, the County will match up to $35 a month or if a biweekly pay cycle $ $16.15 per pay period (26x/year) • Beginning with the pay period following the completion of 5 years of service, the County will match up to $85 a month or if a biweekly pay cycle $39.23 per pay period (26x/year) • Beginning with the pay period following the completion of 10 years of service, the County will match up $170 a month or if a biweekly pay cycle $78.46 per pay period (26x/year) Deferred Compensation plans available are the 457 deferred compensation plans currently offered to County employees, which may be subject to change. If, during the term of the MOU, the County secures a 401(a) plan County contributions may be made to the 401(a) plan.
Employer Contribution to Deferred Compensation Plan. The County will provide the following deferred compensation plan match to all DDAA represented employees with open 457 deferred contribution accounts: • Beginning with the pay period following the completion of 2 years of service, the County will match up to $35 a month or if a biweekly pay cycle $ $16.15 per pay period (26x/year) • Beginning with the pay period following the completion of 5 years of service, the County will match up to $85 a month or if a biweekly pay cycle $39.23 per pay period (26x/year) • Beginning with the pay period following the completion of 10 years of service, the County will match up $170 a month or if a biweekly pay cycle $78.46 per pay period (26x/year) Yuba County Deferred Compensation plans currently offered to County employees are the 457 deferred compensation plan, and for employer contributions, a 401(a) plan. These may be subject to change. The 401(a) plan was established for the County to contribute the employer match. The County’s contributions will be made to the employee’s 401(a) plan.
