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benefit details
> Retirement Plan - Comminssioner's Plan
Your Benefits
Retirement Plan-Commissioner's Plan
Commissioner's 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 website)
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 Commissioner's Plan
Leave Conversion:
* Yes. May elect either state match or vacation conversion each fiscal year. Vacation Conversion: up to 40 hours vacation once per fiscal year (1 hour for each 3 hours used in previous fiscal year). Convert up to 40 hours comp time once per 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
