Orange County NC Website
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cash, or to receive the payment pre tax by diverting it to one of the <br /> savings options available. <br /> Accrued Vacation Leave Pay. <br /> Employees that have thirty days (the maximum allowed) of accrued vaca- <br /> tion will have the option, once a year, to receive up to three weeks of <br /> that time in one of the following ways: <br /> -Taxable Cash (payment made on the first paydate in July of <br /> each•year) ; <br /> OR <br /> -TO offset the cost of adding an optional benefit. <br /> Flexible Compensation Program <br /> Employees will have the opportunity to pay for selected benefits with <br /> pre-tax salary dollars. These include: <br /> -Medical and Dental Insurance Premiums; <br /> Unreimbursed Medical Expenses; and <br /> -Child or Dependent Care. <br /> In addition, this program provides, an optional permanent retirement <br /> Pte. <br /> Savings Options <br /> Orange County offers to its employees the opportunity to participate in <br /> a variety of options designed to supplement the retirement income <br /> received through the NC Local Government Employees' Retirement System <br /> and Social Security. The options offered are: <br /> -NACO Deferred Compensation <br /> -Supplemental Retirement Income Plan of North Carolina - <br /> 401(k) Plan <br /> -Local Governmental Employees' Federal Credit Union <br />