Administrators Retirement Plans

A summary of the available Administrators Retirement Plans

Review the Minnesota State Mandatory and Voluntary Retirement Plan Brochure

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IRAP/401(a) - Individual Retirement Account Plan

Plan Administrator	TIAA
Plan Type	Defined Contribution
Participation	Mandatory
Contribution Amount	See The Minnesota State Mandatory and Voluntary Retirement Plan Brochure for Employee and Employer Contribution Amounts

MN Teachers Retirement Association - TRA

Plan Administrator	TRA
Plan Type	Defined Benefit
Participation	Mandatory
Contribution Amount	See The Minnesota State Mandatory and Voluntary Retirement Plan Brochure for Employee and Employer Contribution Amounts

Supplemental Retirement Plan 401(a) - SRP

Plan Administrator	TIAA
Plan Type	Defined Contribution
Participation	Mandatory*
Contribution Amount	Employee contribution = 5% on gross compensation over $6,000 limited to maximum set by bargaining Unit. Please see your Bargaining Unit for that maximum set.

* Mandatory after 2 fiscal years of full time employment

 

Deferred Compensation Plan 457(b) - MNDCP

Plan Administrator	MSRS
Participation	Voluntary
Contribution Amount	See The Minnesota State Mandatory and Voluntary Retirement Plan Brochure for Employee and Employer Contribution Amounts
Eligible for Voluntary State Matching	No
Leave Conversion	* May convert up to 5 days of vacation (1 day of vacation for each 3 days used in previous fiscal year) once per fiscal year to either Deferred Compensation or Tax Sheltered Annuity.

Changing Contributions (Instructions for adding, changing, or stopping contributions to your Deferred Compensation (457) Plan in Self Service.)

* May be limited to fiscal years covered by personnel plan.

 

Tax Sheltered Annuity 403(b) - (TSA)

Plan Administrator	TIAA
Participation	Voluntary
Contribution Amount	See The Minnesota State Mandatory and Voluntary Retirement Plan Brochure for Employee and Employer Contribution Amounts
Eligible for Voluntary State Matching	No
Leave Conversion	* May convert up to 5 days of vacation (1 day of vacation for each 3 days used in previous fiscal year) once per fiscal year to either Deferred Compensation or Tax Sheltered Annuity.

Changing Contributions (Instructions for adding, changing, or stopping contributions to your Tax-Sheltered Annuity (403b) in Self Service.)
How to enroll in TSA

* May be limited to fiscal years covered by personnel plan.

 

For more specific information, forms and other information available for current employees.