Is Colorado PERA a 457 plan?
» Since 1985, PERA has been a leader in voluntary retirement savings plans to supplement retirement benefits by providing a 401(k) plan to all PERA members. » The PERAPlus 457 Plan is an optional deferred compensation retirement savings plan under Section 457(b) of the Internal Revenue Code (IRC).
What is a PERA 457?
All eligible employees can enroll in the PERA 457 plan. This defined contribution plan allows for pretax contributions, which lower your taxable income. Participants will save on taxes now and pay taxes on distributions in retirement.
Can I roll my PERA into an IRA?
The majority of a refund from PERA normally consists of tax-deferred funds. With a few exceptions, this money can be rolled over to an IRA or to another tax-deferred employer plan that accepts rollovers. PERA can tell you what portion of your refund consists of tax-deferred funds.
Can I self direct my 457?
Does the 457 plan offer self-directed investments? Yes. The Self-Managed Account (SMA) provides an option for you to choose from over 4,000 different funds. You may open an SMA account with an initial investment transferred from any of the core funds.
Can you collect Social Security and Pera at the same time?
Can I collect Social Security and a pension? Yes. There is nothing that precludes you from getting both a pension and Social Security benefits.
How to become a peraplus 457 plan member?
Begin PERAPlus 457 Plan enrollment. If you are working for a PERAPlus 457 Plan affiliated-employer but are not a PERA member, you may enroll by completing the 457 Participant Information Form.
How many Pera members are there in Colorado?
Colorado PERA announces Board election results. Read the full news release here. In this story: More than 3,000 PERA members and retirees took part in two town hall meetings Topics of discussion included PERA’s…
Can you enroll in peraplus if you are not a Pera member?
Enrollment is allowed only if your employer has affiliated with the PERAPlus 457 Plan. Begin PERAPlus 457 Plan enrollment. If you are working for a PERAPlus 457 Plan affiliated-employer but are not a PERA member, you may enroll by completing the 457 Participant Information Form.
Is there a retirement savings plan in Colorado?
That’s where the PERAPlus 457 Plan comes into play. The PERAPlus 457 Plan, a voluntary retirement savings program offered through Colorado PERA, can help you create your plan for the future. Enroll Today!