Administrators Retirement Plans

A summary of the available Administrators Retirement Plans

IRAP/401(a) - Individual Retirement Account Plan

Plan Administrator TIAA
Plan Type Defined Contribution
Participation Mandatory
Contribution Amount

Employee = 7.5 %

Employer = 6.0%

MN Teachers Retirement Association - TRA

Plan Administrator Teachers Retirement Association
Plan Type Defined Contribution
Participation Mandatory
Contribution Amount

Employee = 7.5%

Employer = 7.92%

Supplemental Retirement Plan 401(a) - SRP

Plan Administrator TIAA
Plan Type Defined Contribution
Participation Mandatory*
Contribution Amount

Employee = 5% on gross salary in excess of $6,000 but limited to maximum set by personnel plan (currently $2,700).

Employer's contribution = 100% of Employee contribution.

* Mandatory after 2 fiscal years of full time employment

Deferred Compensation Plan 457(b) - MNDCP

Plan Administrator MN State Retirement System
Participation Voluntary
Contribution Amount Minimum $10 up to 100% of taxable income not to exceed $19,500; $26,000 for age 50+
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 Up to 100% of taxable income not to exceed $19,500 per calendar year; $26,000 for age 50+
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 avaliable for current employees log in here.