Sample Bonus Plans For Employees In Fairfax
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Fairfax County operates under a merit system, which means that applicants are selected for jobs on the basis of their education, experience and skills.
FCPS Benefits You will be automatically enrolled in basic life insurance benefits, retirement, and the Integrated Disability Management (IDM) program. To help you keep a healthy work-life balance, we also offer wellness programming and the Employee Assistance Program (EAP).
Living Wage Calculation for Fairfax County, Virginia 1 ADULT2 ADULTS (BOTH WORKING) 0 Children2 Children Living Wage $29.21 $36.10 Poverty Wage $7.24 $7.50 Minimum Wage $12.00 $12.00
Fairfax County Government offers employees a robust package of benefits. Depending on employment status, this may include a choice of medical plans including prescription and vision coverage, optional dental coverage, life and long term disability insurance, pre-tax savings plans, and more.
During each of the three calendar years before normal retirement age, Commonwealth of Virginia 457 Plan participants may contribute up to twice the regular IRS annual contribution limit, or the regular annual limit plus the amount of the standard catch-up credit, whichever is less.
Cons of 457(b) plans: Fewer investing options than 401(k)s (Not as common today) Only available to certain employees employed by state or local governments or qualifying nonprofits. Employer contributions count toward the annual limit. Non-governmental 457(b) plans are riskier.
The NACo deferred compensation program, also known as a 457 program, is a voluntary investment program that gives county employees the opportunity to save regularly for their retirement on a pre-tax basis.
