ICMA Retirement Corporation is Benton County's provider for the Retirement Health Savings Plan. For questions contact DeLana Hansen toll-free at 1.888.803.2726.
The Retirement Health Savings Plan (RHSP) is an employer-provided retirement savings plan to pay for medical expenses for the employee, the employees spouse and/or employee dependents (e.g., health insurance and prescription expenses) in retirement (or other eligibility) on a tax-free basis. The County's contribution on the employees behalf is based on the employees number of years of service beginning at the completion of three years regular status employment with Benton County.
Years of Service |
Pay Period Payments |
Annual Payments |
4 to 5 |
$21 |
$504 |
6 to 10 |
$42 |
$1,008 |
11 to 15 |
$63 |
$1,512 |
16 to 19 |
$84 |
$2,016 |
20 plus |
$105 |
$2,520 |
*At this time, because of IRS rules and regulations, contributions other than employer contributions are not allowed. This benefit is currently available to non-represented employees and employees represented by AFSCME.
Upon initial enrollment in the RHSP program, the employees investment allocation is automatically established as the VantagePoint Money Market Fund. An investment in VantagePoint Money Market Fund is neither insured nor guaranteed by the US Government and there can be no assurance the Fund will be able to maintain a stable net asset value of $1.00 per share. Employees will need to read the current prospectus carefully prior to select a new fund.