Keywords: Santa Clara California, approval, savings plan, employees, types Santa Clara California is a vibrant city located in the heart of Silicon Valley. Known for its innovation and technological advancements, Santa Clara is also dedicated to offering its employees various savings plans that cater to their financial needs and goals. One of the types of savings plan options available for employees in Santa Clara California is the 401(k) plan. With the approval of this plan, employees are allowed to contribute a portion of their pre-tax income towards their retirement savings. The City of Santa Clara matches a certain percentage of the employee's contributions, ensuring a significant boost to their retirement funds. Another type of savings plan offered is the employee stock purchase plan (ESPN). Upon approval, employees have the opportunity to buy company stock at a discounted price, usually through payroll deductions. This plan allows employees to invest in their company's growth while potentially benefiting from stock price appreciation. Santa Clara California also provides a flexible spending account (FSA) plan for employees' approval. With this plan, employees can set aside pre-tax dollars to cover eligible medical expenses, such as doctor visits, prescription medications, and dental treatments. By approving this plan, employees can reduce their taxable income while managing their healthcare costs effectively. Additionally, Santa Clara California offers a deferred compensation plan for employees. This plan allows employees to contribute a portion of their salary towards retirement on a pre-tax basis, which can be withdrawn during retirement. The approval of this plan helps employees tailor their retirement savings strategy according to their individual goals. Overall, Santa Clara California recognizes the importance of providing a diverse range of savings plans to its employees. By offering a variety of options such as the 401(k) plan, ESPN, FSA, and deferred compensation plan, employees can choose the plans that align with their financial priorities and enhance their long-term financial well-being.
Santa Clara California Approval of savings plan for employees
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CalPERS 457 Plan Participating Agencies Employer NameTypeAbc Unified School DistrictSchools, School Districts, Offices of EducationAlameda Corridor Transportation AuthorityTransportation/Transit DistrictsAlameda County Fire DepartmentFire Protection DistrictsAlameda County Law LibraryLibraries/Library Districts117 more rows ?
The County of Santa Clara provides employees with valuable benefits that help you plan for a secure future. Your retirement benefits include: Participation in the CalPERS defined benefit pension plan.
If you receive a CalPERS benefit payment, have California state taxes withheld, and are moving out of state, you'll need to submit a new signed Tax Withholding Election (PDF) form if you wish to stop California state taxes from being withheld.
Insurance Basic Group Term Life Insurance. Group Legal Services Insurance. Long-Term Care Insurance. Group Long-Term Disability Insurance. ?State Disability Insurance. Travel and Accident Insurance. Workers' Compensation Program?
We Offer: Competitive salary. Excellent benefits (health, dental, vision, 401k/457. Retirement plans. Professional Job training. Work Life Balance (flexible work schedules, sick leave, and paid vacation)
New Mexico provides a benefit package that includes employer-paid medical insurance contributions, retirement contributions and paid vacation days, sick days and holidays. Additionally, State employees may take advantage of a Deferred Compensation Plan to supplement their retirement plan.
The Deferred Compensation (DC) Plan is a defined contribution retirement savings plan that allows you to set aside compensation and defer payment of applicable federal and state taxes until you retire and take withdrawals from your account.
Why Join Us? Medical Plans. The County offers three medical plan options.Dental Plans. The County offers two dental plans.Vision Plan.Health Care Bonus Waiver.Health Flexible Spending Account (HFSA)Dependent Care Assistance Program (DCAP)Life Insurance.Supplemental Life Insurance.
Eligible County employees participate in the CalPERS defined benefit (DB) pension plan. The plan provides employees with a lifetime pension benefit based on a formula, rather than contributions made to a savings or 457 plan.