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

PERA 401(k) Account Access

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

Return to Retirement Page
Return to Benefits Page

 

For more information about Benefits contact the DPA Benefits Unit.

 

Email comments to:  DPA Benefits