| Plan | MSRS | TRA | PERA | IRAP/401(a) | SRP 401(a) | 457 Def. Comp | 403(b) TSA |
| Plan Type |
Defined Benefit |
Defined Benefit |
Defined Benefit |
Defined Contribution |
Defined Contribution |
Deferred Compensation |
Tax Sheltered Annuity |
| 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: 6.25% 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 |