New year, new financial resolutions. Take control of your financial future and learn how to manage your Deferred Compensation Accounts, including 529 College Savings Plan.

457(b) Plan - 401(a) Plan - 529 College Savings Plan

1:1 Financial Sessions will be conducted in person with Bob Tan, VOYA Financial Advisor. Be advised that timeslots are LIMITED to periods of 20 minutes and are set on a first come, first served basis. Therefore, have your questions ready. See RSVP information below to schedule your appointment. If you are no longer available for your appointment, ensure you cancel your appointment so that someone else can book it. 

Learn from the experts! We’ll share financial best practices and tips for developing an action plan to improve your money habits.

Visit the link below to view the virtual webcast:

http://www.cigna.com/EAPWebcasts

A Certificate of Attendance is available for this presentation. On-demand replay will also be available starting two (2) hours after the live presentation.

To view on-demand replay: Click the above link. When you log into the Wellness Webcast portal, you can choose to attend this seminar, register for upcoming seminars, or attend other on-demand seminars.

Bills, debt, unexpected expenses . . .money worries are a common stressor. Let's talk about the emotional impact and how to start reclaiming your balance. Get strategies for responding to debt and learn small steps you can take to bring the pressure down and gain control. 

Visit the link below to view the virtual webcast:

http://www.cigna.com/EAPWebcasts

Note: Certificate of Attendance not available

The IRS has released the 2023 annual contribution limit for employees who participate in the 457(b) Deferred Compensation plan.

2023 annual contribution limit will increase to $22,500 (up from $20,500 in 2022). Employees who are age 50 or over can make an additional annual catch-up contributions up to $7,500 (up from $6,500 in 2022). 

The City's 457(b) Deferred Compensation Plan permits a Special Catch-Up Contribution that allows employees for 3 years prior to the normal retirement age contribute the lessor of:

• twice the annual deferral limit ($45,000 for 2023)
• the basic annual limit plus the amount of the basic limit not used in prior years (only allowed if not using age 50 or over catch-up contributions)

How Do I Make Changes To My 457(b) Deferred Compensation Plan?

Employees can make changes to the 457(b) Deferred Compensation plan through Workday. Follow navigation path below: 

Menu > Benefit Resources > Change Benefits > Anytime 457(b) > Submit

Follow all prompted steps after clicking Submit to ensure change is submitted correctly. Take note, changes made to the 457(b) Deferred Compensation plan will go into effect the 1st of the following month.

For more Deferred Compensation information, questions, and or to enroll in the Special Catch-Up Contribution, please contact the Benefits Team via email at benefts@ontarioca.gov or at x2433. 

Embrace a fresh start. The beginning of a new year is a great time to commit to your money goals, budget better, pay down debt, ditch bad habits and improve your financial picture to reach your goals.

Did you know being a City employee makes you eligible to join the Ontario Public Employees Federal Credit Union (OPEFCU)? OPEFCU is a federally chartered, full-service financial institution owned entirely by its members. What better way to start the new year and open a savings account or an IRA Certificate! 

Some fun facts about OPEFCU and the City of Ontario...

OPEFCU was founded in 1959 by a group of City of Ontario employees and was operated by the Treasurer with records transported in the trunk of a car. It wasn't until City Hall was built in 1979 when OPEFCU acquired an on-site office in the basement of the new building. This was the credit unions home for the next fourteen years. In 1993 OPEFCU then relocated to its present office at the corner of B St. and Laurel Ave. 

Yes, OPEFCU is federally insured...

Funds deposited with OPEFCU are federally insured by the National Credit Union Share Insurance Fund (NCUSIF) through the National Credit Union Administration (NCUA).

OPEFCU offers a variety of services. Just a few are listed below...

• Regular Share Savings
• Christmas and Special Club accounts
• Share Certificates of Deposits
• IRA Certificates
• Share Draft Checking
• Various Low Interest Loans
• Visa Credit Cards and Debit Cards
• Payroll Deductions
• Kelley Blue Book Information
• Notary Public

For more information on OPEFCU services or to become a member, please contact OPEFCU at the following: 

202 West B St.

Ontario, CA 91762

(909) 984-8791 (Office)

ope@opefcu.org (E-mail)

Office Hours: 10:00 AM - 4:00 PM Monday through Friday

One-Pan Pesto Chicken and Veggies

Prep Time: 10 mins

Cook Time: 20 mins

Total Time: 30 mins

Ingredients

• 2 tablespoons olive oil
• 1 pound chicken thighs boneless and skinless, sliced into strips
• ⅓ cup sun-dried tomatoes drained of oil, chopped
• 1 pound asparagus ends trimmed, cut in half, if large
• ¼ cup basil pesto
• 1 cup cherry tomatoes yellow and red, halved

Instructions

1. Heat a large skillet on medium heat, add 2 tablespoons olive oil, add sliced chicken thighs, season chicken generously with salt, add half of chopped sun-dried tomatoes - and cook everything on medium heat for 5-10 minutes, flipping a couple of times, until the chicken is completely cooked through. Remove the chicken and sun-dried from the skillet, leaving oil in.
2. Add asparagus (ends trimmed), seasoned generously with salt, remaining half of sun-dried tomatoes, and cook on medium heat for 5-10 minutes until the asparagus cooked through. Remove asparagus to serving plate.
3. Add chicken back to the skillet, add pesto, stir to coat on low-medium heat until chicken is reheated, 1 or 2 minutes. Remove from heat. Add halved cherry tomatoes, mix with the pesto and the chicken. Add chicken and tomatoes to the serving plate with asparagus.

LUNGES

Challenging your balance is an essential part of a well-rounded exercise routine. Lunges do just that, promoting functional movement while also increasing strength in your legs and glutes.

How To Perform:

1. Start by standing with your feet shoulder-width apart and arms down at your sides.
2. Take a step forward with your right leg and bend your right knee as you do so, stopping when your thigh is parallel to the ground. Ensure that your right knee doesn’t extend past your right foot.
3. Push up off your right foot and return to the starting position. Repeat with your left leg. This is one rep.
4. Complete 3 sets of 10 reps. For more of a challenge incorporate some weight with dumbbells.