Retirement Planning

  • Nest Egg Image

    Deferred Compensation Plan


    You have probably heard about all different types of retirement plans; 401(k), 401(a) 403(b), 457(b), Roth IRA’s and the list goes on and on. Are you confused yet? Please be assured that PESD has a way to help you both understand and save (gasp!) for your retirement! As a public employee, there are plans that are created specifically for you.


    Let’s start at the beginning…


    What is a Deferred Compensation Plan?


    A deferred compensation plan is a retirement plan offered to you by PESD.  The plans offered by PESD were created to allow public employees like you to put aside money from each paycheck toward your retirement. A deferred compensation plan serves many goals but the main goal is to help you bridge the gap between what you have in your CalPERS/CalSTRS Pension and Social Security (if you are eligible) and how much you will need at retirement.


    How does it work?


    This is the easy part! Once you enroll, contributions will automatically be deducted from each paycheck and deposited to your account. Contributions are deducted on a pre-tax basis so your taxable income is less at the end of the calendar year.


    How do I learn more?


    PESD partners with the Fridge Benefit Consortium (FBC), National Benefit Services (NBS) is the Third Party Administrator for districts within FBC. You can find additional information below:


    National Benefit Services (TPA)

    Fringe Benefit Consortium

    Empower Retirement


     What if I have already enrolled and just need to make some changes to my contributions?


    In order to make changes to your current contributions, please complete and return this form to Risk Management by the 15th of the month in order for it to take effect on the next payroll.


    Salary Reduction Agreement


Retiree Health Benefits

  • Thinking of Retiring?


    Once Risk Management is notified by Human Resources of an official retirement date, Risk Management will send benefit eligible retirees information on costs, coverage options and instructions for enrollment. 


    Certificated - Retiring with Benefits FAQ

    Classified - Retiring with Benefits FAQ

    Confidential/ Management - Contact Risk Management 



    Helpful Resources


    State Teachers Retirement System (STRS)

    800-228-5453 or


    Public Employee Retirement System (PERS)

    888-225-7377 or


    Social Security

    800-772-1213 or



    800-663-4227 or


    For assistance in finding individual or medicare supplemental coverage you may contact Keenan Direct. There is no cost for this service and it is available to anyone who is interested.