Pera Member Form History Of Rock And Roll And Popular Culture (Page 2 of 2) in pdf

To New Colorado PERA Members:

Welcome to membership in the Colorado Public Employees’ Retirement Association (PERA).

As an employee of a public employer affiliated with Colorado PERA, you may or may not pay Social Security tax depending on whether your employer

contributes to both PERA and Social Security. Colorado PERA is a qualified retirement plan that can substitute for Social Security, as required by law.

Upon receipt of this form, PERA will establish a member contribution account for you. You will contribute 8 percent of your salary to the account

through payroll deduction. PERA pays interest on your contributions at a rate determined by the Board. As of January 1, 2009, the interest rate is 3

percent per year and is subject to change annually. Your PERA contributions are tax-deferred —that is, they are not subject to federal or state income

tax until they are withdrawn or received as a monthly benefit. Your contributions and interest will always be returned to you, either in the form of a

lump-sum withdrawal or a monthly benefit.

While our mission is to provide members with retirement benefits, we also provide the following other benefits:

Monthly benefits to your qualified survivors if you die after one year of PERA service.

Disability coverage after you have five years of earned service credit.

A voluntary life insurance program in which you may participate immediately.

A voluntary 401(k) plan in which you may participate immediately. Contribution limits change annually; additional contribution amounts are

allowed if you are age 50 or older. For more information on the 401(k) Plan, please call 1-800-759-7372 and select the 401(k) option or go to

PERA’s Web site at and select “401(k) Information” located on the PERA home page.

A voluntary long term care insurance program available to you and other family members.

After PERA receives this completed Member Information Form, we will mail you a PERA membership packet that contains details about your benefits.

For more information about these benefits, go to the PERA Web site at .

When you end PERA-covered employment, you may leave your member contribution account with PERA (it will continue to earn interest). If you

return to PERA-covered employment, your account will be ready to accept additional contributions and you will build additional service credit. If you

leave your account at PERA be sure to keep us informed of your address to prevent your account from being transferred to the State’s Unclaimed

Property Fund.

If you were previously covered by PERA and withdrew your member contribution account, you may purchase service credit based on this refunded

account when you have one year of earned service credit. You may also be able to purchase service credit for employment not covered by PERA or

another pension plan. See the Purchasing Service Credit booklet for more information.

Again, welcome to Colorado PERA! We will strive to inform you about your PERA benefits by sending you the PERA Member Report newsletter three

times per year, a statement of your account annually after your first year of membership, and other publications.

To Members Changing Information:

If you have changed your name, changed employers, or want to change your address or beneficiary(ies), complete this form and send it to

PERA. PERA requires a new copy of your Social Security card only if you have changed your name since sending in your initial copy.

If you would like to change your address only, you may log on to the PERA Web site at and click on the “Contact Us” button or

call PERA’s Customer Service Center at 303-832-9550 or 1-800-759-7372 and speak to a customer service representative.

If you are enrolled in PERA-sponsored life insurance and have changed employers, notify your new employer to deduct your life insurance

premium. If you want to change your life insurance beneficiary(ies), call Unum toll-free at 1-866-277-1649 or visit PERA’s Web site at www.

, click on “Account Access,” and select “Life Insurance.”

If you have a PERA 401(k) account and need to make beneficiary changes, you can change them online through the PERA Web site or by

calling PERA at 1-800-759-7372 and selecting the PERA 401(k) Plan option to order a form. In either case, you will need your Personal

Identification Number (PIN). If you are transferring from or are currently employed by another PERA-affiliated employer and actively

contributing, notify your new employer’s payroll office so that contributions may continue through your new employer.

If you have a PERA defined contribution account and need to change your name, address, or phone number, complete the PERA Defined

Contribution Plan Change Form. If you need to make beneficiary changes, you can change them online through the PERA Web site or by

calling PERA at 1-800-759-7372 and selecting the PERA Defined Contribution Plan option to order a form. In either case, you will need your

Personal Identification Number (PIN).

Pera Member Form History Of Rock And Roll And Popular Culture Page 2

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