Human Resources & Affirmative Action
1500 Birchmont Drive NE
Box #1
Bemidji, MN 56601-2699
Deputy Hall 350
Monday-Friday
Hours:7:00-4:30
Phone: (218) 755-3966
Fax: (218) 755-3153
** Only employees with prior state employment may elect MSRS as their mandatory retirement plan. All others are required to participate in the Individual Retirement Account Plan (IRAP).
| IRAP/401(a) - Individual Retirement Account Plan (Click for web site) | |
| Plan Administrator: | TIAA-CREF (Click for web site) |
| Plan Type: | Defined Contribution |
| Participation: | Mandatory ** |
| Contribution Amount: | Employee = 4.5% Employer = 6.0% |
| MSRS - Unclassified Plan (Click for web site) | |
| Plan Administrator: | MN State Retirement System |
| Plan Type: | Defined Benefit |
| Participation: | Mandatory ** |
| Contribution Amount: | Employee = 4.0% Employer = 6.0% |
| Supplemental Retirement Plan 401(a) - SRP (Click for web site) | |
| Plan Administrator: | TIAA-CREF (Click for web site) |
| Plan Type: | Defined Contribution |
| Participation: | Mandatory * |
| Contribution Amount: | Employee contribution = 5% on gross salary in excess of $6,000 but limited to maximum set by personnel plan (currently $2,300). Employer's contribution = 100% of Employee contribution. |
| * Mandatory after 2 fiscal years of full time employment | |
| Deferred Compensation Plan 457(b) - MNDCP (Click for web site) | |
| Plan Administrator: | MN State Retirement System |
| Participation: | Voluntary |
| Contribution Amount: | Minimum $10 up to 100% of taxable income not to exceed $15,500 in 2007; $20,500 for age 50+ |
| Eligible for Voluntary State Matching: | No |
| Leave Conversion: | * May convert up to 5 days of vacation (1 day of vacation for each 3 days used in previous fiscal year) once per fiscal year to either Deferred Compensation or Tax Sheltered Annuity. |
| * May be limited to fiscal years covered by personnel plan. | |
| Tax Sheltered Annuity 403(b) - (TSA) (Click for web site) | |
| Plan Administrator: | TIAA-CREF (click for web site) |
| Participation: | Voluntary |
| Contribution Amount: | Up to 100% of taxable income not to exceed $15,500 in 2007; $20,500 for age 50+ |
| Eligible for Voluntary State Matching: | No |
| Leave Conversion: | * May convert up to 5 days of vacation (1 day of vacation for each 3 days used in previous fiscal year) once per fiscal year to either Deferred Compensation or Tax Sheltered Annuity. |
| * May be limited to fiscal years covered by personnel plan. | |