Mandatory Retirement Plans
Mines does not participate in the Social Security program. In lieu of Social Security, most non-student employees must enroll in the Colorado Public Employees Retirement Association (PERA). PERA has two types of plans- a DB Plan and a DC Plan. The employee contribution is set to 11% as of 2024. Mines’ employer contribution is set at 20.95%.
PERA DB & DC
The PERA DB Plan is a pension plan where your contributions are invested by professionals for you and you receive a lifetime benefit.
In the PERA DC Plan, you direct your investments to an array of fund options, and retire with the account balance you have at that time.
Contact
Mines Benefits
Guggenheim Hall, Suite #110
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Office Hours: M-Th 11am-1pm
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