|
Pensionable
and Non-pensionable Cafeteria Plans
If you were hired on or before 12/31/95, you may be eligible to include a portion of County cafeteria plan contributions as pensionable earnings.
|
CAFETERIA
PLAN
|
HIRED
|
PENSIONABLE
AMOUNT *
|
CHOICES
(Represented)
Pensionable |
On or before 12/31/95 |
Capped at $244 |
|
Non-pensionable
|
On or after
1/1/96
|
$0
|
OPTIONS
(Represented)
Pensionable |
On or before 12/31/95 |
Capped at $244 |
| Non-pensionable
|
On or after
1/1/96
|
$0
|
FLEX
(Non-Reps)
Pensionable |
On or before 12/31/94 |
Capped at $442 OR % of salary at 12/31/94, whichever is greater. |
| Non-pensionable
|
On or after
1/1/95
|
$0
|
MEGAFLEX
(Non-Reps)
Pensionable |
On or before 12/31/94 |
Capped
at $524 OR % of salary at 12/31/94, whichever is greater. |
| Pensionable
|
In
1995 |
Capped
at $244 |
|
Non-pensionable
|
On or after
1/1/96
|
$0
|
Add
the pensionable amount shown on the chart above to your final average
compensation (Retirement Calculator) or gross monthly salary (Transfer Calculator or ARC Calculator).
Please
contact the Employee Benefits Hotline at (213)
388-9982 to verify your cafeteria plan and the pensionable
portion as of 12/31/94. The amount of the County contribution paid to
employees changes periodically. The portion that is pensionable varies
according to your cafeteria plan, your hire date, and your retirement
plan (Megaflex only).
*Special rules may apply if your final compensation period included any time prior to January 1, 1991.
4/1/08
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