Retirement Planning
Retiring soon? To assist in navigating the retirement process, please review the Retiree Checklist.
PERS-Public Employees' Retirement System of Nevada
The Public Employees' Retirement System of Nevada (PERS) is a tax-qualified defined benefit plan created by the Legislature as an independent public agency to provide a reasonable base income to qualified employees who have been employed by a public employer and whose earning capacity has been removed or has been substantially reduced by age or disability. It was also created to make government employment attractive to qualified employees and to encourage them to remain in government service for such periods of time as to give employers and the people of the state the full benefit of the training and experience gained by the employees while employed in public service.
The PERS website offers answers to many questions employees may have about the benefits offered by this plan, as well as retirement benefit calculators. Employees may log into the website to check the value of their PERS benefits, learn more about purchasing service, and much more.
PERS offers the following informational programs on a recurring basis in Carson City and Las Vegas to assist members in their pre-retirement planning.
- PLANNING AHEAD FOR YOUR PERS RETIREMENT - Designed for all current public employees, both newly hired and those who want to learn more about PERS benefits. Discussions include how retirement benefits are calculated, disability benefits, survivor benefits, purchasing service credit and more.
- RETIRE PROGRAM - Designed for all public employees considering retirement within the next three years. Discussions include what to expect when you retire, how and when to file your retirement application and more.
If you are unable to attend an informational program, PERS offers audio programs on their website that provide information related to all aspects of the system. The audio programs are located on the PERS website home page under “Quick Links.”
Reservations are required to attend an in-house program, and can be made by calling Carson City (775) 687-4200 ext. 1; Las Vegas (702) 486-3900 ext. 1; or toll free 1-866-473-7768 ext. 1. Exact locations, dates and times can be found at PERS under the “Informational Programs” link.
In an effort to help employees better understand the benefits provided by PERS, Washoe County provides several opportunities throughout the year for employees to learn more about PERS and the role it plays in retirement planning. For more information on these opportunities, please refer to Benefits Education Opportunities on the Continuing Education webpage or visit the Learning Center on the Washoe County Intranet.
Related Online Resources
PERS Member Enrollment (Non-Choice Agency)
PERS Member Change of Personal Information
PERS Member Survivor Beneficiary Designation
PERS Retiree Reemployment Notification (Non-PERS Eligible position)
PERS -Annual Member Statement - Creating Your Online Account Instructions - to view your annual statements
Washoe County's Deferred Compensation Program is administered by Voya. Washoe County offers employees options for making pre-tax and post-tax (Roth) contributions to retirement savings accounts.
457 Deferred Compensation Plan
The 457 Deferred Compensation Plan is available to all full-time employees immediately upon employment.
To enroll in the 457(b) Plan, access your online account, change contribution elections and schedule a one-on-one meeting with a local Voya representative, visit washoeco.beready2retire.com.
If you are planning to make a one-time contribution change to your 457 account, please complete a Contribution Change form and submit to Payroll@washoecounty.gov.
Important: The Contribution Change form can only be used to change your 457 contribution for incentive pay, and your final paycheck if retiring or terminating from Washoe County. All other contribution changes can be completed by logging into your account or calling Voya at 1-800-584-6001.
401(a) Plan
The 401(a) Plan is available to employees after one (1) year of employment with Washoe County. Employees have 90 days from the date of their one (1) year anniversary to elect to participate. Employees will not be able to enroll at a future date due to plan regulations established by the Federal Government.
The 401(a) plan offers the same investment options as the 457 plan. Employees will select a percentage contribution rate. Once the contribution rate has been selected, the percentage or election of participation is irrevocable; you cannot change or cease your contribution.
To enroll in the 401(a) Plan:
- Contact Voya Account Representative, Tom Verducci at 1-775-530-3089
Deferred Compensation Plan FAQs
OBRA
The primary purpose of this plan is to provide a retirement plan alternative to Social Security for all part-time, seasonal and temporary employees as set forth in the Omnibus Budget Reconciliation Act of 1990 ("OBRA"). This plan permits part-time, seasonal and temporary employees of Washoe County to defer a portion of their compensation to this savings plan so long as their employment status is active. Washoe County will automatically deduct 7.5% of these employees' gross salary and contribute it to the OBRA plan in lieu of Social Security coverage.
The benefit information provided is subject to change. If there are any conflicts of benefit descriptions at any time, the plan document for that benefit will prevail.
Deferred Compensation Committee - In accordance with NRS 287.440, the Board of County Commissioners established a Washoe County Deferred Compensation Committee (DCC) in 1979 to administer and provide oversight to the County’s deferred compensation plans. The Deferred Compensation Committee is comprised of members from collective bargaining units and has a fiduciary responsibility to act in the best interests of participants with respect to plan administrators, fund offerings, account management, plan review for compliance, best practices and competitiveness and is responsible for plan revisions and other necessary actions to meet those responsibilities.
Deferred Compensation Committee Agendas/Meeting Minutes
The DCC meets on the second Wednesday of every February, May, August and November at 2:00 p.m.in the Washoe County Human Resources Conference Room located at 1001 E. Ninth Street, Building A, Room A210, Reno NV 89512, unless otherwise posted.
Washoe County employees do not contribute to, or earn credits for, Social Security benefits, nor does Washoe County make contributions to Social Security for its employees. However, as a County employee, your Social Security benefits may be affected because you receive a PERS pension. The Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) are the two Federal Government regulations that may reduce your Social Security benefit.
To learn more about Social Security benefits, please contact the Social Security Administration toll-free at 800-772-1213 or visit the SSA website.