Deferred Compensation Plans

Bakersfield City School District employees have the opportunity to enroll in two deferred compensation plans, a 403(b) plan and a 457 plan.  Employees can choose to contribute to the 403(b), the 457 or both plans.

 

403(b) Tax-Sheltered Annuities Information

 

**Employees must submit completed forms in person to the Payroll Office or use the OMNI link provided below to submit electronically.**

 

https://www.omni403b.com/Forms.aspx

 

457 Information

 

**Employees must submit completed forms in person to the Payroll Office.**

 

*Please note:  Bakersfield City School District’s employer sponsored 457 plan does not include a loan provision.  Loans may not be received from an employee’s account balance.

**NEW** 457 - Roth Elective Deferral 
 
Effective September 1, 2019, employees may elect to participate in the new Roth Elective Deferral plan option within the employer sponsored 457 plan.