PLAN OVERVIEW You have a plan. - Colorado PERA 401(k)/DC ...€¦ · of 0.14 percent on each PERAdvantage fund. PERA’s 457 Plan has no back-end withdrawal fees that are charged

EligibilityAll employees working for an employer who has affiliated withthe 457 Plan, including retirees who have returned to work for457-affiliated employers, are immediately eligible to join thePlan. There are no minimum service requirements to fulfill.

Your Personal Identification Number (PIN)Your PIN is the key to your account. If you don’t already have a PERA PIN, you may request on through www.copera.org.

Enrolling Online is Easy• Go to www.copera.org, log on to your account, and click on Enroll in the PERA 457 Plan.

• Enter your personal information and make your investment elections online. If you do not make your investment election before your first contribution is made, it will be directed to the PERAdvantage Target Retirement Date Fund that is closest to your date of birth and an expected retirement at age 65.

This brochure provides information about the PERAPlus 457 Plan. Your rights, benefits, and obligations as a PERA member are governed by Title 24, Article 51 of the Colorado Revised Statutes, the Rules of the Colorado Public Employees’ Retirement Association, and The Deferred Compensation Plan document, which take precedence over any interpretations in this brochure.

ING Institutional Plan Services, LLC is the service provider for the PERAPlus 457 Plan.

The Benefits of Participation• Reduced taxesYour Plan contributions reduce your current taxable income dollar-for-dollar, which can lower your federal and state income taxes.

• No 10 percent early withdrawal penalty

• Tax-deferred savingsYour contributions plus any interest and investment earnings are not taxed until you begin withdrawing your money.

• Savings convenienceWith automatic payroll deductions, it’s easy to save and you won’t be tempted to spend your savings because it will already be tucked away in your account.

• Access to advice and financial planning resourcesThrough ING Advisor Service you have access to investmentadvice online at no additional cost. You can also access online tools and interactive calculators to help you achieveyour retirement goals.

• Personal controlYou decide how much to contribute to the Plan and choosehow to invest your contributions.

• Supplement other retirement savingsSave for things you’d like to do in retirement (travel or payhealth care premiums) and supplement your PERA Defined Benefit or Defined Contribution account.

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PERAPlus 457 PlanCreate your Plan for the future.

PLAN OVERVIEW

1-800-759-7372

www.copera.org

Additional InformationFor more detailed information about the Plan’s features and investment options, refer to the Enrollment Kit online at www.copera.org,or call 1-800-759-7372 and select the PERAPlus option to request a kit be sent to you.

You have a plan.

The PERAPlus 457 Plan (the “Plan”) is a voluntary

retirement benefit plan that offers you one of the

best opportunities to save for your retirement.

By joining today, you can get tax-deferred savings,

retirement, and loan benefits — all rolled into one

convenient package.

www.copera.org 1-800-759 -7372

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Investment choices to fit your needs.Through the 457 Plan you have access to the following PERAdvantage investment options:

For more details on the investment choices, log on to the 457 PlanWeb site through www.copera.org to access the fund fact sheets,which include the objective, investment strategy, as well as more information on the underlying investment managers in each option.

If you want to take a less active role in choosing your investments, choosea Target Retirement Date Fund. You can make one investment decisionby choosing one fund, based on an expected retirement date at age 65(see chart). Target Retirement Date funds are designed to automaticallygrow more conservative as you reach your retirement date.

Primary investment options:PERAdvantage Target Retirement Date Funds:

PERAdvantage Income, 2015, 2020, 2025, 2030,2035, 2040, 2045, 2050, 2055

PERAdvantage Capital Preservation Fund PERAdvantage Fixed Income Fund PERAdvantage Real Return Fund PERAdvantage U.S. Large Cap Stock Fund PERAdvantage International Stock FundPERAdvantage U.S. Small and Mid Cap Stock Fund

Additional investment options:PERAdvantage SRI FundSelf-Directed Brokerage Option

Fund Date of Birth Range

PERAdvantage Income Fund Dec. 31, 1947 or earlier

PERAdvantage 2015 Fund Jan. 1, 1948 – Dec. 31, 1952

PERAdvantage 2020 Fund Jan. 1, 1953 – Dec. 31, 1957

PERAdvantage 2025 Fund Jan. 1, 1958 – Dec. 31, 1962

PERAdvantage 2030 Fund Jan. 1, 1963 – Dec. 31, 1967

PERAdvantage 2035 Fund Jan. 1, 1968 – Dec. 31, 1972

PERAdvantage 2040 Fund Jan. 1, 1973 – Dec. 31, 1977

PERAdvantage 2045 Fund Jan. 1, 1978 – Dec. 31, 1982

PERAdvantage 2050 Fund Jan. 1, 1983 – Dec. 31, 1987

PERAdvantage 2055 Fund Jan. 1, 1988 or later

Make it happen.

Plan FeaturesWhether you’ve been saving for years, or are just

getting started, the PERAPlus 457 Plan has what

you need to make it work for you.

24-hour Account AccessTo ensure account security over the telephone or on the Internet,you will need your PIN along with your Social Security number to access your account. After you enroll, you can manage your account two ways:

By phone — Call toll-free at 1-800-759-7372 and select thePERAPlus option to use the automated phone system anytime. To speak with a Participant Service Representative, callfrom 6:00 a.m.–6:00 p.m. (Mountain time), Monday–Friday,except on New York Stock Exchange holidays.

Online — Go to www.copera.org, click on Account Access,and log on with your Social Security number and PIN. You canget account information, process transactions, request forms,and access the online advice tool.

Account StatementsYou may generate an account statement for any time periodwithin the last 24 months online. You will also receive easy-to-readquarterly account statements to help you keep track of your retirement planning progress, as well as a quarterly newsletterwith financial articles related to retirement.

ContributionsYou may save up to 100 percent of your eligible compensation,subject to the annual IRS maximum contribution limits. Your contributions will be automatically deducted from your paycheck.You can change your contribution amount at any time by logging on to your account.

If you are age 50 and older, and contributing the maximumamount allowable to the Plan, you may contribute an additionalcatch-up contribution.

You may be permitted to make special catch-up contributions tothe Plan in the three years prior to attaining normal retirementage. The total amount of contributions cannot exceed IRS contribution limits. The amount available for the special catch-updepends on how much you under-contributed in previous years.

You cannot make Age 50 and special catch-up contributions at the same time.

FeesYou will pay a Plan administration flat fee of $1.00 per month. If you also participate in the PERAPlus 401(k) Plan or PERA DC Plan,you will pay $1.00 per month for each plan.

To ensure that administrative costs are equitable among all Plan participants, you will also pay a Plan administration asset-based feeof 0.14 percent on each PERAdvantage fund.

PERA’s 457 Plan has no back-end withdrawal fees that are chargedby the Plan when you take a distribution of your money.

Rollovers into the PlanYou may roll over all or part of an eligible rollover distributionfrom a qualified pension, profit sharing, 457, or stock bonus planto the PERAPlus 457 Plan. You may also roll over all or a portion ofthe amount in an Individual Retirement Account (IRA), providedthere are no after-tax contributions in the IRA.

Investment AdviceThrough the Plan you can access investment advice at no additional cost through ING’s Personal Online Advisor, which offers a step-by-step action plan that shows which investmentsto choose and how much to invest in each one. Or, for a fee(about $5.00 a month for every $10,000 in your account) you can choose to have a Professional Account Manager create andmonitor your account on an ongoing basis. For more information,call 1-800-759-7372 and select the PERAPlus option or access theService Overview through the 457 Web site.

LoansYou can borrow from your Plan account balance and pay back theloan, plus interest, through automatic checking or savings accountdeductions. There is a $75 nonrefundable loan application feecharged for each loan.

WithdrawalsThere are several types of in-service withdrawals available throughthe Plan. Unforeseeable emergency withdrawals may be availableif you meet certain IRS-defined qualifications.

DistributionsWhen you leave PERA-covered employment, you have severalchoices regarding the money in your Plan account:• Leave the money in the Plan (you must start distributions once you reach age 70½).

• Request installment payments.• Roll over the balance to another qualified plan.• Take the money in cash.

Distributions may be subject to taxes.

Purchasing Service CreditYou may use your 457 contributions to purchase eligible servicecredit or purchase service credit based on a previously refundedaccount. For more information, review the Purchasing ServiceCredit booklet (available from PERA) or call 1-800-759-7372(do not select the PERAPlus option).

FlexibilityYou may move money between investment options or across all investment options (reallocate your balances) at any time.Transfers must be made in whole dollar or percent increments and you cannot transfer from one option to another and backagain in the same day.

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www.copera.org 1-800-759 -7372

You can receive electronic versions of your statements

and other account documents. Go to www.copera.org

to log into your account. Then, select My Profile, then

Mail Delivery Preferences.

Read the information for each investment option carefully before you invest or send money. Fund fact sheets, which include the objective, investment strategy, as well asmore information on the underlying investments in each option, are available on the 457 Web site or by calling 1-800-759-7372 and selecting the PERAPlus option.