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CCC will be closed on Thursday, November 27th and Friday, November 28th for the Thanksgiving Holiday.

CCC JCSD 509-J 403(b) Enrollment Information

1. Determine the Amount per Paycheck

This link provides information on maximum allowable contribution (MAC) amounts. However, you may be either unwilling or unable to contribute the maximum allowable amount. You must decide how much you would like to contribute to the plan each month based on your financial goals and your budget constraints. Keep in mind that the tax deferred nature of these contributions means that your net pay is not reduced by the full amount of your contribution. Final determination of the impact of tax deferred contributions on net pay depends on your federal and state marginal tax rates. For additional information, see net pay impact illustrations. For personalized calculations, paycheck evaluation software is useful. Online calculators for various purposes are available on the useful links page. For a personal MAC calculation or if you have additional questions, contact us.

2. Select A Vendor

You may make monthly contributions to one or more investment companies on this List of Vendors for Jefferson County School District 509-J. Your research into which companies best meet your need may be aided by visits to company and agent links available at the vendor site.

3. Complete Vendor Application

Your paperwork must be completed with your selected vendor and you must submit to Payroll Office at JCSD 509-J documentation that an account has been established.

4. Sign Salary Reduction Agreement

Complete your 403(b) Salary Reduction Agreement online, print it, sign it, and submit it to Payroll Office at JCSD 509-J, along with a copy of documentation that you have established an account with the vendor. JCSD 509-J requires its own 403(b) Salary Reduction Agreement form for all new voluntary deductions and for all changes.

Jefferson County School District 509-J
Payroll Office
445 SE Buff Street
Madras, OR 97741

Employees need to deliver the JCSD 509-J-approved Salary Reduction Agreement by the deadline established by JCSD 509-J for a month in order for the amount to be deducted from that month’s payroll. Salary Reduction Agreements must be submitted to the payroll department by the 5th of every month.

 

Continuation Until Cancellation

The most recent 403(b) Salary Reduction Agreement (SRA) document on file at Jefferson County School District 509-J remains in effect until you cancel the agreement, change the contribution amount, or change the vendor. One or more of these three actions requires submission of a new 403(b) Salary Reduction Agreement.

JCSD 509-J May Reduce Or Suspend Contributions

Jefferson County School District 509-J is required to avoid contributions that might exceed IRS limits. Consequently, the 403(b) SRA stipulates that JCSD 509-J may reduce and/or suspend contributions as necessary to avoid excess deferrals. CCC monitors year-to-date contributions each month and notifies JCSD 509-J when such reductions and suspensions are required. Prior to an actual reduction and/or suspension, you are given the opportunity to review the data on which the decision to reduce/suspend was made to verify its accuracy.