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Human Resources

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

 

MSCF Retirement Plans

** Employee elects either IRAP or TRA

Individual Retirement Account Plan 401(a) - IRAP (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%
MN Teachers Retirement Association - TRA (Click for web site)
Plan Administrator:          Teachers Retirement Association
Plan Type: Defined Benefit
Participation Mandatory**
Contribution Amount: Employee = 5.5%      Employer = 5.5%
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 bargaining agreement (currently $2,250 per fiscal year).  Employer's contribution = 100% of Employee contribution
*Mandatory after 2 fiscal years of full-time employment
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 $16,500; $22,000 for age 50+
Eligible for Voluntary State Matching: No
Leave Conversion: No
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 $16,500; $22,000 for age 50+
Eligible for Voluntary State Matching: No
Leave Conversion: No