Retirement

If you have been contacted by an investment firm offering to meet with you and review your PERA pension, etc., you may want to verify whether they are affiliated with DCSD.  Please be advised that DCSD’s current affiliated retirement vendors are:

MetLife 
(manages our 403(b), 457, and 401(a) accounts); contact is Elena Cumberbatch-Lynch,  

PERA 401(k) accounts, and

PERA (Colorado Public Employees Retirement Association provides retirement and other benefits; takes the place of Social Security for DCSD employees). 

Any other investment firms do not represent or are affiliated with DCSD.  Contact Benefits with any questions you may have: [email protected].

Colorado PERA
 

Colorado Public Employees' Retirement Association (PERA) provides retirement and other benefits to the employees of more than 500 government agencies and public entities in the state of Colorado. Established by state law in 1931, PERA operates by the authority of the Colorado General Assembly and is administered under Title 24, Article 51 of the Colorado Revised Statutes. In accordance with its duty to administer PERA, the Board of Trustees has the authority to adopt and revise Rules in accordance with state statutes.

PERA is a substitute for Social Security for most of these public employees. Benefits are pre-funded, which means that while a member is working, he or she is required to contribute a fixed percentage of their salary to the retirement trust funds. This percentage is currently 10.5 percent for most members. Effective July 1, 2022 this will increase to 11.0%. Employers also contribute a percentage of pay to the trust fund. Currently, DCSD contributes 20.9%; effective July 1, 2022, this amount will increase to 21.40%. 

As a PERA member, you contribute a percentage of every paycheck to PERA. In exchange, you’ll receive a lifetime defined benefit payment, sometimes called a pension, at retirement.  Beyond that monthly benefit check, PERA also provides built-in benefits like survivor and disability benefit programs.  And you have options for additional financial security, by enrolling in life insurance and PERA's 401(k) and Roth 401(k) Plans or purchasing service credit.

Why are contribution rates going up?   
Senate Bill 18-200, which passed in 2018, put PERA on a path to achieving full funding. Full funding results in a more secure benefit for everyone–both current and future retirees. This legislation included member contribution increases of an additional two percent of pay, spread over three years.

 

Contact PERA

1-800-759-7372

Monday–Thursday, 7:00 a.m. to 5:30 p.m.
Friday, 7:00 a.m. to 4:30 p.m. 
PERA Appointment Scheduler

Email
Customer Service–for general questions
Secure correspondence system–for account-specific questions


Mail
PO Box 5800, Denver, CO 80217-5800


Other PERA Resources

   PERA Calculators 
   PERA Overview Packet
   PERA Webinars




Other Retirement Options


PERA 401(k) Plan 
This plan is offered through Colorado PERA and offers you the opportunity to plan for your financial future.  PERA's 401(k) and Roth 401(k) offer tax benefits by allowing participants to automatically save a portion of their salary and invest in a choice of 15 core investment funds or six asset allocation funds. To review additional fund selections, you will need to log into your PERA account.  To start participating, log in to Workday, select the Benefits Worklet and click on Retirement Savings.  Elect a percentage to defer towards your retirement. Your contributions will post at the end of each month. 

PERA 401(k) plans are managed by Empower (formerly VOYA).

Contact Empower
833-426-7372
www.coperaplus.org
PERA 401k Plan Document


MetLife
You have several options to defer a portion of your salary on a pre-tax basis to DCSD's Retirement Plans.  The current plan options with the 457 and 403(b) allow you to reach the contribution limit for a 403(b) and still contribute the entire contribution limit to a 457 or vice versa.  To view a comparison of plans please review the Retirement Plan Comparison.  


To find out more about MetLife click here.


              Equitable, formerly known as AXA Advisors, LLC
Contact Information Only


Contact Equitable:

www.equitable.com
Phone:  866-444-6001


Retirement Resources
 

Preparing for Retirement
Retirement Plan Comparison 2022
The Importance of Starting Early 
Will You Outlive Your Assets 
Investing in Mutual Funds 
Investing for Growth 
Asset Preservation 
Social Security Administration



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Special Education records which have been collected by Douglas County School District related to the identification, evaluation, educational placement, or the provision of special education in the district, must be maintained under state and federal laws for the period of five (5) years after special education services have ended for the student. Special education services end when the student is no longer eligible for services, graduates, or completes his/her educational program at age 21, or moves from the district. This notification is to inform parents/guardians and former students of Douglas County School District's intent to destroy the special education records of students who exited special education services as of June 30, 2016. These records will be destroyed in accordance with state law unless the parent/guardian or eligible (adult) student notifies the school district otherwise. After five years, the records are no longer useful to the district, but may be useful to the parent/guardian or former student in applying for social security benefits, rehabilitation services, college entrance, etc. The parent/guardian or eligible (adult) student may request a copy of the records by requesting the records by email to [email protected]