Saving For Retirement

  • Saving for Retirement

    While all DPS employees contribute to Colorado PERA retirement funds (and DPS also contributes to employee funds), these funds are not designed to replace your full retirement income. DPS offers you the opportunity to save additional pre-tax and post-tax money for retirement in 401(k), 403(b) or 457(b) plans. We highly recommend that you save for retirement and schedule calls with both PERA and AIG to learn more about their different investment strategies.

    If you missed your chance to enroll during Benefits Open Enrollment, it's not too late! You decide how much you want to contribute and can change the amount at any time.

    Learn More about Saving for Retirement:

    Things to Consider

    • The IRS allows you to contribute up to a maximum amount each year. For detailed information, visit the Benefits Enrollment Guide. It is your responsibility to make sure that your total annual contribution doesn’t exceed the maximum amount allowed by the IRS.
    • As a DPS employee, you’re eligible to enroll in a 403(b) or a 401(k), and a 457(b) plan to save twice the amount of the IRS limit (contributing the maximum amount towards each account).
    • Contributions into these plans do not reduce the calculation of PERA salary or the Highest Average Salary.
    • DPS charges a $0.50 per paycheck administration fee for all team members enrolled in the 401(k) plan with PERA and the 403(b) and 457(b) plans with AIG. This fee covers the cost of an external retirement consultant to ensure our plans meet all federal guidelines and to ensure a high-performing investment line up.


    AIG: Visit or call 1-800-448-2542.

    Colorado PERA: Visit, or call 303-832-9550 or 1-800-759-7372.