Your Benefits
Retirement Plan-MSUAASF Plan
** Employee elects either IRAP or TRA.
| 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 = 5.0% |
| 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 bargaining agreement (currently $2,200 per fiscal year). Employer's contribution = 100% of Employee contribution. |
| 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: |
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 $15,500 in 2007; $20,500 for age 50+ |
| Eligible for Voluntary State Matching: |
No |
| Leave Conversion: |
No |
