Effective as of 7/1/11 except where noted

 

Plan MSRS TRA PERA IRAP/401(a) SRP 401(a) 457 Def. Comp 403(b) TSA
Plan Type

Defined Benefit
(Mandatory)

Defined Benefit
(Mandatory)

Defined Benefit
(Mandatory)

Defined Contribution
(Mandatory)

Defined Contribution
(Mandatory)

Deferred Compensation
(Voluntary)

Tax Sheltered Annuity
(Voluntary)

Employees
Eligible

AFSCME

MAPE-Classified

MMA-Classified

MANAGER’S

COMMISSIONER’S

MGEC

MNA

MSCF

IFO

MSUAASF

Unclassified:

  -MAPE

  -MMA

(Or IRAP)
Classified TC Employees (Grandfathered in pre-merger)

MnSCU Admin.

MSCF

IFO

MSUAASF

Unclassified:

  -MAPE

  -MMA

(Or TRA)

Unclassified

Employees with 2 years of full-time service
All employees covered by a DB or DC Plan All employees for both after tax (Roth) and pre-tax  options
Contribution
Amount

Employee = 5.0%

Employer = 5.0%

 

 

Employee = 6.0%

Employer= 6.0%

Effective 7/1/12:

Employee = 6.5% Employer = 6.5% 

Employee: 6.25%

Employer: 7.25%

Employee = 4.5% 

Employer = 6.0%

.

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
100% of Taxable income not to exceed $16,500 in 2009; $22,000 for age 50+. Catch-up provision limit of $33,000 for 2009 100% of Taxable income not to exceed $16,500 in 2009; $22,000 for age 50+; special catch-up of $15,000 for those with 15+ years of service
Eligible for voluntary State-matching
contribution

N/A

N/A

N/A

N/A

MSCF  

 

 IFO

 

MSUAASF

Unclassifieds

(up to limits set in bargaining agreement/pay plan

AFSCME

MAPE

MMA, MNA

MANAGER

COMM.

MGEC, if not eligible for SRP

N/A