Retirement Plans

Type, leftmenu, syntax error on data section 8 = '**Benefits [/humanres/benefits/ ]'
Issue:'**Benefits [/humanres/benefits/ ]'
Line:*Career Opportunities [/humanres/vacancy/index.php]^*Starting Your New Job [/humanres/startingyournewjob.html]^*Current Employees [/humanres/currentemployees.html]^*Employee Resource Guide [/humanres/resguide/]^*Quick Links[]{selected}^**Your Pay Stub - Self Service[http://www.state.mn.us/employee]^**Timesheets [/humanres/timesheets.html]^**Forms [/humanres/forms/]^**Benefits [/humanres/benefits/ ]^**Retirement []{selected}^**HR Staff [/humanres/staff.html]^**Calendars [/humanres/calendars.html]^*Supervisor’s Toolkit [/humanres/supertool/]^*Policies & Procedures [/humanres/policyprocedures.html]^*A to Z and then some... [/humanres/atoz/]^*Institutional Data [http://www.mnsu.edu/humanres/publicinfo/publicinfo.html]^*Related Sites []{selected}^**Employee Recognition [http://www.mnsu.edu/humanres/erc/]^**Professional Development [http://www.mnsu.edu/humanres/profdev/welcome.html]^**Wellness Committee [http://www.mnsu.edu/wellness/]^**Employee Assistance [http://www.mmb.state.mn.us/eap/]^**Comm. on Status of Women [http://www.mnsu.edu/csw/]

MSU >
Human Resources >
Retirement

Page address: http://www.mnsu.edu/humanres/retirement/index.php?id=ifo_ret

To view the available retirement plans, click the applicable contract from the list on the left.

By Contract

Administrators
AFSCME
Commissioner's Plan
IFO
Managerial Plan
MAPE
MGEC
MMA
MNA
MSUAASF

General Information

IFO Plans

** Employee elects either IRAP or TRA. (See Instructions & Explanation)

IRAP/401(a) - Individual Retirement Account Plan (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 in 2009; $22,000 for age 50+
Eligible for Voluntary State Matching:	No
Leave Conversion:	No
Changing Contributions (Instructions For Changing Contributions to your Deferred Compensation (457) Plan in Self Service.)

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 in 2009; $22,000 for age 50+
Eligible for Voluntary State Matching:	No
Leave Conversion:	No
Changing Contributions (Instructions For Changing Contributions to your Tax-Sheltered Annuity (403b) in Self Service.)

NOTE
*The data provided in these pages is for informational purposes only and is subject to change.