fall your money mindset. · what should i know about the pera retirement plan? each month, cu...
TRANSCRIPT
www.cu.edu/ES
What should I know about the PERA Retirement Plan?
Each month, CU deducts 8% of your compensation as your tax-deferred contribution
to your retirement plan. You are doing this insead of contributing to Social Security.
CU also makes a 17.45% contribution to the pooled trust fund at PERA.
CU contibutions are not held in your name.
Both employer and employee contibutions are invested by PERA
to generate earnings to help pay for your eventual monthly lifetime pension.
What are my limits?Both employer and employee contribution percentages are set by state law.
What about taxes?
You make contributions based on your normal gross income minus any tax-free payments for medical, dental or vision insurance premiums, �exible spending accounts or eligible transportation
expenses. You will be taxed when you withdraw the funds, either in the form of a monthly lifetime pension or a lump sum.
Want more details?
? $Changeyour money
mindset.
FALL
Contact Employee Servicesvisit: www.cu.edu/employeeservicescall: 303.860.4200, option 3toll-free: 855.216.7740, option 3Email: bene�[email protected]
Contact PERA:Visit: www.copera.orgCall: 1.800.759.7372