State's Defined Contribution Plan
Retirement Choice Packet (For new employees hired prior to May 2, 2009. This includes forms, updated November 2008)
Summary of State DC Plan's Benefits View all State DC Plan information
| How the plan is managed |
You choose specific investments depending on your investment knowledge and risk tolerance. | Funds offered by each provider | ||
| Benefit at Retirement | Your retirement benefit will depend on the gains or losses of the investments you choose as well as on the number of years you contribute to your retirement plan. | Retirement | ||
| REQUIRED Forms for ALL Retirement Plans | Social Security Release Retirement Choice Release Retirement Choice Election |
|||
| Investment Providers | Great West Retirement Services (1-800-759-7372, option 2) | Investment Information | Web site |
Enrollment Form Beneficiary Form Distribution Form |
| The Hartford (303-645-8513 / 1-800-525-7418 x58513) | Investment Information | Web site |
Enrollment Forms Distribution Form |
|
| ICMA-RC (720-851-1869 / 1-866-749-5178) | Investment Information | Web site |
Enrollment Form Distribution Form |
|
| Supplementing this Plan | State 457 Supplemental Retirement Plan | |||
| Statutory Employee Contribution | 8% of your pre-tax income is contributed to the retirement plan of your choice (10% for State Troopers). | |||
| Statutory Employer Contribution | State contributes 10.15% (12.85% for State Troopers) to the retirement plan of your choice. |
More Retirement Plan Information
Retirement Choice Workbook updated June 2008
Retirement Choice Policy updated June 2008
Retirement Planning (link to US Dept. of Labor site)
Windfall Elimination Provision (WEP) Info (link to Social Security Administration)
WEP - If you work for an employer who does not withhold Social Security taxes from your salary, such as the State of Colorado, the retirement benefit you receive may reduce your Social Security benefits. Review the information at the above WEP link.
Government Pension Offset (GPO) Info (link to Social Security Administration)
GPO - If you receive a retirement benefit from a federal, state or local government where you did not pay Social Security taxes, your spouse's, widow's or widower's Social Security benefits may be reduced. Review the information at the above GPO link.
Who is my human resources contact?
Additional Retirement & Investment Sites
College Savings
College Invest
Social Security
For more information about Benefits contact the DPA Benefits Unit.
Email comments to: DPA Benefits