Retirement Info Packet
PERA Forms
St Louis County participates in the phased retirement option (PRO) program adopted by the Minnesota State Legislature. Under the law, St. Louis County department heads may choose to offer a PRO appointment to employees who meet certain age and other eligibility requirements.
Phased Retirement Brochure
St. Louis County Phased Retirement Form
PERA Phased Retirement Form
What is Deferred Comp? The purpose of a deferred compensation plan is to produce tax delays and/or tax savings on monies you set aside for retirement. You will have a choice between a standard deferred compensation herein called a 457 account or a 457 Roth account or you can even have both.
A standard 457 allows you to set aside a part of your salary and postpone paying taxes on that salary until after retirement. This may prove to be advantageous for two reasons:
Deferred compensation was intended by congress to be a retirement plan as opposed to a short-term savings plan. Hence, your funds may not be withdrawn until you have separated service from your employer, suffered a qualified emergency, reached age 59 1/2 or you are eligible to secure a loan on part of your balance.
Am I eligible to participate? Any County/ARC employee or elected official may participate in a deferred compensation plan. Enrollees can begin, end or change (amount and/or provider) their participation at any time.
How do I get enrolled in Deferred Compensation? You simply contact your provider of choice. You have four providers to choose from. You can ask your coworkers if they have a recommendation and you can consult the Deferred Compensation Provider Comparison document for assistance.
How much can I contribute to my 457 accounts each year? A 457(b) plan’s annual contributions and other additions (excluding earnings) to a participant’s account cannot exceed the lesser of:
Increases to the general annual contribution limit:
Can I move my 457 balance from one provider to another? You can move your funds to or from MNDCP, Mission Square, Nationwide or Lincoln. You cannot move them to an external entity until you have separated employment or reached age 59 1/2. Contact the provider you wish to move your funds to for assistance.
If I am already enrolled, when and how can I change my contribution amount? You can change your amount year-round by submitting the appropriate form. If you wish to change your amount for ONE pay period ONLY use the One Time Deferral Form.
I have left employment and would like to begin withdrawals from my 457 account(s). What are the steps I need to take? Follow the Withdrawing Funds Instructions.
How can I learn more about Deferred Compensation? See the St. Louis County Deferred Comp Plan Document
No Printer? Electronic Signature Instructions
One-Time Deferral Change Form (use this form, for any provider below, to increase your Deferred Comp Contribution/ paycheck deduction for one pay period only)
Nationwide 612-790-1288 Email Brian Burgeson Website Enroll online
MNDCP 651-284.7863 Email Susan Nystrom Website Contribution Change Link Forms
Lincoln Financial Group 218-749-1730 Email Chris Bialke Website Deferral Change Form Beneficiary Form Looking for a different form? Contact: Alyssa Drost 225 First Street North | Suite 2100 | PO Box 1073 | Virginia, MN 55792 218.749.1730 alyssa.droste@lpl.com
Mission Square (formerly ICMA-RC) (800) 669-7400.weekdays: 8:30 a.m. - 9:00 p.m. Eastern time Email Susan Trammel Website Forms
Retirement Consult
You need a retirement consult if....
Request a Retirement Consult
Retirement Meeting
Request a Retirement Meeting
Upcoming and Recent PERA Retirement Workshops (Tailored to all state PERA retirees)
St. Louis County will resume offering a retirement workshop each spring and fall for St. Louis County employee who are 1-5 years from retirement once all presenters are cleared for travel by their respective employers. Please see quarterly training catalog . This workshop is tailored to St. Louis County Retirees.
Your Health Care Savings Plan
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Beth Menor Sr. HR Advisor - Benefits 218-725-5056 Email
Sandra Kohn Information Specialist II 218-720-1552 Email
Angie Rish Information Specialist III 218-725-5067 Email
All contacts
2023 Retiree Insurance Rates 2024 Retiree Insurance Rates Retiree Checklist PERA HCSP Compatibility with HSA Social Security Medicare & You
Retirement Notice Form 2023 Payroll Calendar 2024 Payroll Calendar