Managerial Retirement Plans

MSRS - General Plan (Click for web site)
Plan Administrator:	MN State Retirement System
Plan Type:	Defined Benefit
Participation:	Mandatory
Contribution Amount:	Employee = 4.25% Employer = 4.25%

Deferred Compensation Plan 457 - MNDCP (Click for web site)
Plan Administrator:	MN State Retirement System
Participation:	Voluntary
Contribution Amount:	$10 minimum up to 100% of taxable income not to exceed $15,500 in 2007; $20,500 for age 50+
Eligible for Voluntary State Matching:	* Yes up to $300 per fiscal year or vacation conversion after one year in Managerial Plan
Leave Conversion:	* Yes. May elect either state match or vacation conversion each fiscal year. Vacation Conversion: up to 50 hours vacation once per fiscal year (1 hour for each 3 hours used in previous fiscal year).
* May be limited to fiscal years covered by bargaining agreement.

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:	No

Human Resources