MSRS - General Plan (Click for web site)

Plan Administrator:

MN State Retirement System

Plan Type:

Defined Benefit

Participation:

Mandatory

Contribution Amount:

Employee = 4.50% Employer = 4.50% for FY08
Employee = 4.75% Employer = 4.75% for FY09
Employee = 5.00% Employer = 5.00% for FY10

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; $22,000 for age 50+

Eligible for Voluntary State Matching:

Yes, as per applicable bargaining agreement or personnel plan

Leave Conversion:

Yes. May convert up to 40 hours comp time once per fiscal year. (1)

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; $22,000 for age 50+

Eligible for Voluntary State Matching:

No

Leave Conversion:

No