RCC offers two excellent voluntary programs through which you may elect to contribute a portion of your income into supplemental retirement savings accounts: the 403(b) and 457(b) plans. RCC has contracted with PenServ Plan Services, Inc, a third-party administrator (TPA), to provide information and support for the 403(b) and 457(b) Plans. PenServ can be contacted at 503-444-3054.
All part-time and full-time employees are eligible to contribute, except student employees who are exempt from FICA taxation.
You may begin, change and/or cancel contributions in the 403(b) Plan and/or the 457(b) Plan at any time, subject to payroll deadlines. You must provide enrollment documentation prior to beginning salary deferrals.
In addition to traditional pre-tax 403(b) and 457(b) contributions, RCC offers after-tax Roth 403(b) contributions.
Please review this Universal Availability Notice for information on deferral limits and available vendors.
Please contact RCC Payroll Manager Tammy Canady if you have any questions.