Pueblo School District 60 has several investment options as described below
- You may contribute up to the IRS limit based on your age.
- You select your investment funds. You are able to divide up your contributions among the funds that are available and manage those funds online at www.copera.org
- Your choices include low and high-risk mutual funds.
- Funds are available at age 59 1/2 after separation of service from your employer.
- All changes made on or after the 15th of the month will be effective in the following month's payroll.
- Payroll deduction forms to change contribution can be found here. Once complete, please return to payroll
- You may choose to participate in Pueblo School District 60's 403(b) plan administered by VALIC. Click here to access plan highlights and steps on how to enroll.
- All changes made on or after the 15th of any month will be effective in the following month's payroll.
- If interested, access the enrollment page here
- For questions regarding the plan or assistance in enrolling, contact our local financial advisor Craig Fischer at 720-288-2780 or firstname.lastname@example.org
Colorado PERA 457
- You may choose to participate in the 457 plan administered by ING. The 457 plan differs in several ways from the traditional 401(k) and 403(b) plans.
- In the 457 plan, you have access to your funds prior to age 59 1/2.
- The 457 plan allows employees to contribute to their 401(k) or 403(b) plan at the IRS contribution limit and also contribute at the same level to their 457 plan.
- Enrollment should be completed online at www.copera.org before the 25th of the month. The deduction will then be effective on the next month's payroll.
- Any changes are also managed online with ING at www.copera.org or by calling PERA at 303-832-9550
For employees who wish to complete in-service exchanges or to take a loan or hardship withdrawal on their eligible 403B investment, the District has a new web-based program called Retirement Manager to make the process easier. The program is free and is managed by VRSCO, a third-party administrative arm of VALIC.
Retirement Manager verifies whether or not a loan, hardship withdrawal, or in-service exchange request is valid. If it is, employees print certificates from Retirement Manager and attach them to their application form from the vendor. A separate signature from the Plan Administrator is no longer necessary since the certificates provide the verification of eligibility.
The program works for all 403B plans invested with AXA-Equitable, American Fidelity, First Investors, Horace Mann, Security Benefit, VALIC, and Waddell & Reed. Currently, Waddell & Reed can only process hardship withdrawals under this option. All other companies process loans and hardship withdrawals.
Horace Mann is no longer eligible for new clients; only existing clients can access this service.
Go to https://www.myretirementmanager.com/?PUSD and click on "I'm a New User" and create an account to request a loan or hardship withdrawal. The minimum amount that can be requested is $1,000 and the maximum amount is 50% of the account balance of all eligible 403B plan accounts. Contact Human Resources at 549-7132 or your financial advisor for assistance.