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MSUAASF 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 = 7.0% Employer = 7.0%
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 comp in excess of $6000 but limited to maximum set by bargaining unit/pay plan
Employer’s Contribution=100% of EE Contribution up to $2700. (M.S. 356.24)
Eligible after 2 full 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 $17,500 and $23,000 for age 50+. (2013)
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: 100% of Taxable income not to exceed $17,500 in 2012; $23,00 for age 50+; (2013) special catch-up of $15,000 for those with 15+ years of service
Eligible for Voluntary State Matching: No
Leave Conversion: No