Montana, the Choice is Yours, the Time is Now! [kit]: the Power to Control Your Future : Dbrp Defined Benefit Retirement Plan, Dcrp Defined Contribution Retirement Plan 2007

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At that time, you pay taxes on the amount you withdraw.
Employer Contributions Your employer will conthbute 4.1 9% of your compensation to your individual account.
Pagel Your employer also contributes the following to the PERS for a total of 6.9%: Plan Choice Rate — 2.37% Required by statute, the rate is actuarially determined to maintain the actuarial funded stability of the Defined Benefit Retirement Plan.
Education Fund — 0.04% The percent established by statute to fund various PERS member e
...ducation programs.
Disability Benefit Rate — 0.30% The percent established by statute to fund the expected cost of long- term disability benefits.
Because the above expenses are based on actuarial assumptions, they may change over time.
Total contributions to your individual account will be 1 1 .09%.
• 6.90% Employee • 4.19% Employer Your Individual Account Components You will have an individual account consisting of three components or "sub-accounts".
Employee Contribution Component Your contributions are credited to the "employee contribution" component of your individual account.


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