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Supplemental
Retirement Plan Choices
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 FY08,
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
These
documents may be presented in PDF format, which requires the Adobe®
Reader.
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Division of Human Resources