Supporting financial stability now and in the future.
Tax-Favored Spending AccountsLearn how tax-favored spending accounts can help ease the burden of medical, dental, vision, prescription, and daycare expenses.
- Medical Flex Spending: A Medical Spending Account (MSA) allows you to set aside money from your paycheck pretax to pay for out-of-pocket health care expenses, such as copayments and coinsurance. When you pay less in taxes, you have more money in your pocket.
- Health Savings Accounts: A Health Savings Account (HSA) is a bank account that allows you to accumulate funds pretax to pay for qualified health care expenses. You may pay for current expenses or save the funds for expenses in retirement.
- Dependent Care Accounts: A Dependent Care Spending Account (DCSA) allows you to set aside money from your paycheck pretax to pay for child day care expenses and, in some cases, elder care expenses.
Saving for RetirementIf you’re looking to enjoy an active retirement, you’ll need funds to support your lifestyle. Let us help make sure you’re on the right track!
- State Retirement Plans
- Optional Retirement Plan (TIAA): Full-time Independent staff and faculty are eligible to participate in an Optional Retirement Plan (ORP). This plan provides: generous contributions made by WCC, immediate vesting (owned by member), control of investment strategies and flexible distribution options upon retirement.
- Supplemental Retirement Programs: WCC offers voluntary supplemental retirement programs. Employees can defer a portion of their compensation on a before-tax or after-tax basis to a 401(k) plan, 403(b) plan and/or a 457(b) plan to supplement their retirement savings.
- Supplemental Retirement Vendors: TIAA, Valic, and Lincoln Financial.
Income Replacement BenefitsUnderstand what options are available to ensure you can continue a steady stream of income during life’s most unexpected times.
- Complimentary Life Insurance
- Life Plus Long-Term Care
- Aflac - Accident, Critical Illness and Hospitalization
- Long-Term Disability: Unexpected events can occur, and many people think they will never become disabled. You'll be covered through Cigna Insurance Company.