Saturday, February 04, 2012

Post Employment Plan (PEP) FAQs

Click the section title to jump to the section for your question, then click on the question and the answer will appear below the question. Following the FAQs, you will find PEP Resources and Deferred Compensation Resources which provide contact information.

General Questions
Special Pay Plan Questions
Health Savings Plan Questions

Q1.
What is the Section 415 limit?

Q2.
When am I eligible for a leave payout?

Q3.
What are my PEP options?

Q4.
After I reach the Special Pay's Section 415 Limit, are there other ways to defer taxes on my leave pay out?

Q5.
Is participation in this program required, or can I opt out?

Q6.
What happens if I don't submit my PEP election?

Q7.
When is this program effective?

Q8.
When are my PEP election forms due?

Q9.
Is my Compensatory Time or Management Compensatory leave pay out included in PEP?

Q10.
What makes me eligible for this program?

Q11.
If I change my mind about my initial contribution option, can I transfer funds between the Special Pay Plan and the Health Savings Plan?

Q12.
If I had a break in service, will my prior service count towards the five years of service requirement?

Q1.
Why do I need a Notary Public to witness my spouse's signature if I elect someone other than my spouse as my beneficiary?

Q2.
If I do not like the investment options available from the Special Pay Plan, can I roll my account balance to another qualified retirement plan?

Q3.
Under the Special Pay Plan option, are there any restrictions on moving my account balance from one investment fund to another?

Q4.
How often will I receive an account statement?

Q1.
Under the Health Savings Plan option, are there any restrictions on moving my account balance from one of the Plan's investment fund to another?

Q2.
Can the cost of my retiree health plan premiums be reimbursed from this account?

Q3.
What are the investment options for the Health Savings Plan?

Q4.
How often will I receive an account statement?

Human Resources, Employee Benefits:
Retirement Specialist (951) 955-4981, Select Option 2

VEBA HSP Third Party Administrator:
REHN & Associates
P. O. Box 5433, Spokane, WA 99205
Phone: 1-800-832-2101
E-mail address: riversideco@rehnonline.com
Website for account balance information: www.rehnonline.com

Workforce Exchange Website:
www.workforceexchange.net

Deferred Compensation Resources:
After you have made your Post Employment Program decisions, you may wish to contribute all or part of any leave pay out you receive to Deferred Compensation, further reducing your taxable income. Two companies, Valic and Nationwide, provide Deferred Compensation financial advice and assistance to employees. For more information on your Deferred Compensation options, please contact one of the financial advisors below:

Company	Financial Advisor	Telephone	Department or Region
VALIC	Fredrik Whitley	(951) 663-2451	Riverside Area - County Administrative Center (CAC), District Attorney, Public Defender, Family Law, Animal Shelter, Juvenile Hall, and Superior Court. County Clerk and Recorder, Registrar of Voters, Adult Protective Services, Welfare, EDA and GAIN
VALIC	Alan Pamintuan	(800) 892-5558 x89145 (951) 689-9077	Sheriff's Stations in Riverside, Moreno Valley and Jurupa. All facilities in Lake Elsinore, Murrieta and Temecula
VALIC	Tim McDonald	(800) 892-5558 x87066 (760) 835-9522	Hemet, Perris, and San Jacinto
VALIC	Scott Bryant	(760) 797-5601 (800) 892-5558 x87509	Banning, Indio and Desert Areas
VALIC	Bisi Oduguwa	(714) 401-3975	Riverside Area - County Administrative Center (CAC), DPSS, CSS, Flood, Waste, Mental Health (all locations), CHA, Juvenile Probation, RCRMC
Nationwide	Loren Farfan	(818) 642-8191	All Areas
Nationwide	Joshua Hayes	(909) 801-1876	All Areas
Nationwide	Ryan Carpenter	(951) 842-0802	All Areas
Nationwide	Ruben Diaz	(909) 703-0746	All Areas
Nationwide	Corey Fast	(310) 903-8989	All Areas
Nationwide	Alben Chamberlain	(909) 496-3118	All Areas
Nationwide	Mike Wolken	(800) 634-0025 x48031	All Areas