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EMPLOYEE BENEFIT PROGRAMS contribution out of the NDPERS system. If an employee terminates employment with the County prior to being vested (three years), <br />he/she may be required to receive a refund. If an employee terminates employment with the <br />County after becoming vested, he/she should work with Human Resources and NDPERS. A temporary or part-time employee employed less than 20 hours per week may elect to participate in NDPERS. The employee shall pay monthly to the fund an amount equal to the <br />applicable percentage as defined times the present monthly salary. The employee may <br />continue to participate as a temporary or part-time employee in the public employee’s retirement system until termination of employment or classification of the employee as a standard employee. <br />Refer to the appropriate North Dakota Public Employees Retirement System handbook for more details. Employees who began employment prior to the mandatory date (May 1971) for NDPERS enrollment are not required to participate in NDPERS. At that time, employees had the option <br />to enroll under the NACo Deferred Compensation Program. Under NACo, Cass County contributes a portion of employee’s gross monthly salary as a benefit. Elected officials may choose either NDPERS or NACo. <br /> <br />DEFERRED COMPENSATION 314 <br />Effective Date: 01/01/2016 Deferred Compensation is a tax-deferred supplemental retirement program that allows public employees to contribute a portion of their salary before taxes to a retirement account. <br />Employees may defer pre-tax earnings (subject to limitations set annually by the IRS) into a <br />tax sheltered retirement account. Employees may also choose to participate in a Roth 457 plan, in which the amount is taxed at the same time it is taken out of the employee paycheck. Check with the Human Resources Department for current IRS limits. <br />It is a voluntary program for standard employees. The employee’s contributions are 100% <br />vested at all times. The employee may discontinue or change their contributions at their discretion. Because an employee’s contribution is automatically deducted from pay before federal and <br />state tax withholdings are calculated, employees save tax dollars now by having their current <br />taxable amount reduced. Deferred income is taxable upon receipt of the benefits. Contact the Human Resources Department for more information about the deferred compensation program. <br /> Cass County 21