MNDCP 457 plan overview
MNDCP is the district's designated provider for a 457(b) governmental deferred compensation plan. This plan allows eligible employees to supplement any existing retirement or pension plans without reducing future pension or social security benefits. Contributions are made through pre-tax payroll deduction and may be eligible for a district match (if in collective bargaining agreement).
Minimum and Maximum Contributions
The minimum contribution is $10 per pay period. The annual maximum contribution is determined by the IRS rules governing 457 plans. For 2010, the standard employee contribution maximum is $16,500 with an additional $5,000 for employees over age 50.
Steps to Participate
Back to TSA Overview
Plan Features & Highlights
Fund Facts - Investing Guidelines
Q&A about TSA plans
457 plan regulations
Saint Paul Public Schools, District 625 | 360 Colborne Street, Saint Paul, MN, 55102 | 651-767-8100 | email@example.com
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