Your Benefits
Retirement Plans-Managerial Plan
| 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 |
