Supplemental Retirement Plans
Supplemental Retirement Plan Comparison
Important Information about Supplemental Retirement Plans
- These are OPTIONAL plans which supplement the mandatory basic retirement plans.
- Employees may enroll in these plans anytime throughout the year and anytime in their careers with the State.
- All employees are eligible to participate in the State's 457 Supplemental Retirement Plan.
- Only employees who have chosen one of the two PERA basic retirement plans are eligible to participate in PERA's 401(k) Supplemental Retirement Plan.
- Employees of Higher Education may also voluntarily enroll in 403(b) tax-deferred annuities offered by their institution. Contract the HR office of your institution for more information.
Supplemental Retirement Plan Choices
| Plan Name | How Managed | Distributions at... | Plan Fees |
| State's 457 Deferred Compensation Plan | Employee chooses investments based on risk tolerance | Separation from service, retirement, disability or diminimus(1) | There are no administrative fees for participating in the plan in FY09, although there are investment management fees that apply to each fund selected. Visit colorado457.com for more information. |
| PERA's 401(k) Plan | Employee chooses investments based on risk tolerance | Age 59 1/2, retirement, separation from service(1) (2) | Administrative fees range from $2.00 to $3.25 a month depending on account balance. Investment management fees apply to each fund selected. Visit copera.org for more information. |
(1) All withdrawals are subject to a mandatory, 20% federal withholding income tax.
(2) A 10% federal tax penalty may apply to withdrawals made prior to age 59 1/2.
More Retirement Plan Information
457 Plan Account Access / Enrollment
Retirement Planning (link to US Dept. of Labor site)
Who is my human resources contact?
Additional Retirement & Investment Sites
College Savings
College Invest
Social Security
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For more information about Benefits contact the DPA Benefits Unit.
Email comments to: DPA Benefits