MMA Retirement Plans

A summary of the available MMA Retirement Plans

MSRS - General Plan
Plan Administrator	MN State Retirement System
Plan Type	Defined Benefit
Participation	Mandatory
Contribution Amount	Employee = 6.00% Employer = 6.00%

Deferred Compensation Plan 457 - MNDCP
Plan Administrator	MN State Retirement System
Participation	Voluntary
Contribution Amount	$10 minimum up to 100% of taxable income not to exceed $19,500 per calendar year; $26,000 for age 50+
Eligible for Voluntary State Matching	* Yes up to $300 per fiscal year. Employees at top step of salary grid may elect either state match or vacation conversion.
Leave Conversion:	* Only employees at top step of salary grid may elect to convert up to 40 hours of vacation (1 hour for each 3 hours used in previous fiscal year). All employees may convert up to 40 hours comp time once per fiscal year.
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 bargaining agreement.

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	No
Changing Contributions (Instructions For Changing Contributions to your Tax-Sheltered Annuity (403b) in Self Service.) How to Enroll in TSA

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