• BENCOR
     
     
     
    Bencor  
     
     
    BENCOR Administrative Services
    Customer Service 866-296-9712
     
      
    BENCOR Representative: Bain Howe 
    Office: 239-689-3554
    Fax: 239-225-4916
     
     
     
     

    The Bencor National Government Employees Retirement Plans

    Special Pay Plan

    The Bencor Special Pay Plan is offered by Bencor, Inc. to help governmental units and their employees save up to 7.65% of Social Security Medicare taxes and to defer income taxes on eligible plan contributions.

    Employees covered under this plan, who are separating employment, retiring or entering DROP and have accumulated at least $1,000 in "special pay" (sick leave pay, annual leave-vacation pay, incentive pay, etc.) will participate in this plan.

    Accumulated "special pay" will be placed into the Bencor Special Pay Plan subject to contribution limits.

    How the Special Pay Plan works (video)

    Click here for more information about the Special Play Plan

     
     
     
    FICA Alternative Plan

    Part-time, seasonal, or temporary employees of a government employer may deposit money into a private retirement plan, instead of Social Security. Thus, these employees are not covered by Social Security. Under the 401(a) FICA Alternative Plan, employees contribute 7.5% of their compensation to an account in their name. Any benefits earned under any other retirement plan (as well as social security benefits) will not be reduced by participating in this plan. If an employee leaves a position covered by this plan for any reason before retirement, s/he can withdraw the balance of the account, or continue to save the funds for retirement.

    All employees who are not covered by the District’s Special Pay Plan are automatically enrolled in this plan. There is no minimum age or service requirement.

    How the FICA Alternative Plan works (video)

    Click here for more information about the FICA Alternative Plan

     

    See Administrative Procedure: 3415 - Severance Pay Qualifications

    Link to Procedure in BoardDocs

     
     
    Account Access
     
    Sign in to your account, find information about your retirement plan benefits, and learn more about saving for your future:
     

    FICA Alternative Planw

     
     
    Financial Wellness Program
     
    The Financial Wellness site is an unbiased educational self-help website providing a broad range of tools and articles to help you achieve financial wellness. Complete with calculators, videos, and informative content, resources are provided to assist individuals seeking guidance on a range of long-term planning topics. Click here: https://usrbpfinancialwellness.com/