Auto Enrollment

Effective January 1, 2012, newly-hired Local 88 employees (with benefits - excludes temps & on-calls) will be automatically enrolled in the County’s Deferred Compensation program.

The minimum deduction is one percent (1%) of your pre-tax wages. Your pre-tax deduction will be invested in the Wells Fargo Advantage Dow Jones Target Fund based on your date of birth. If you do not wish to participate, follow the instructions below to opt-out.

NOTE: ONLY new County hires who hire directly into Local 88 representation will be auto enrolled. Auto enrollment does not apply to employees who are "rehired" or "transferred into a Local 88" representation position. 

You are automatically enrolled into the Plan.

Paycheck you will see the deduction begin – unless you opt-out

Employee hired between January 1 and 15

  • No deduction on first pay check (Jan 31)
  • No deduction on second pay check (Feb15)
  • Deduction starts on third pay check (Feb 28)

Employee hired between January 16 and 31

  • No deduction on first pay check (Feb 15)
  • No deduction on second pay check (Feb 28)
  • Deduction starts on third pay check (Mar 15)

How to opt-out

You have 31 days from your hire date to opt-out before the deduction is automatically deducted from your check.

If you chose NOT to participate, in the County’s Deferred Comp Plan you MUST either:

  • Log into your ING Account Online. A 4 digit Personal Identification Number (PIN) has been established for you, which is the mmyy of the date of your birth. You will need your PIN and Social Security Number to use our internet services.  You will then be required to create a User ID and Password.

OR

  • Call the ING Customer Service at 800-584-6001. A Personal Identification Number (PIN) has been established for you, which is the mmyy of the date of your birth. You will need your PIN and Social Security Number to use our Customer Service Line.

If NO action is taken

  • If no opt out request is received from you, the 1% deduction will be deducted automatically from your check.
  • Your pre-tax deduction will be invested in the Wells Fargo Advantage Dow Jones Target Fund based on your date of birth.
  • If deduction is taken, it will not be refunded to you unless you meet the 2 year De minimus rule or you terminate employment with the County.  (De minimus Rule - No deductions for a 2 year period and balance is under $5,000.)

Once participating you can

  • Increase, decrease or stop/restart your contributions at anytime.
  • Adjust allocations to any of the funds offered in the plan.
  • Choose between pre-tax and/or post-tax (Roth) contributions.

Contact

For questions and more information call the ING local Office at 503-937-0378.  You will receive a welcome packet with additional details of the County’s Deferred Compensation Plan and the ability to meet with a financial adviser.