Plan Administration - The Plan is governed by a five member board appointed for six year terms by the Mayor of the City and County of Denver. There is also a four-person, nonvoting advisory committee of Plan members, three of whom are elected by the Plan membership and one who is appointed by the Career Service Board. The Executive Director, Steven Hutt, is employed by the Retirement Board to administer the Plan subject to the policies set by the Board and the Revised Municipal Code of the City and County of Denver.
Retirement Board Members: Jeanne Faatz, Maurice Goodgaine, Guadalupe Gutierrez-Vasquez, Bruce Hoyt, Eric Rothaus
Advisory Committee Members: Mike Aleksick, Heather Britton, Robert Press, Erma Zamora
To contact a member of the Advisory Committee, please send an email, with "Advisory Committee" in the subject line, to: email@example.com
Contributions to the Retirement Plan - As of January 1, 2015, the City and County of Denver and DHHA contribute 11.5% of the employee’s total gross salary to the trust fund, and the employee contributes 8.0% of his or her total gross salary. The contribution made by the employee is on a pretax basis through payroll deduction. For example, if the employee’s gross salary per pay period is $1,500, the deduction per pay period would be $120.00 ($1,500 x .08 = $120.00). The employer’s contribution per pay period would be $172.50. Together, the employer and employee contributions, plus income from investments, fund the retirement benefits for employees and their beneficiaries.
If an active employee terminates employment prior to being vested (ineligible for a retirement benefit), his or her accumulated employee contributions, plus interest, will be refunded in a lump sum. As an alternative, the terminated employee may roll over this accumulated contribution and interest to a qualified retirement plan account. Upon the acceptance of a refund, the terminated employee forfeits all years of service and any future retirement benefit eligibility. However, the terminated employee who returns to employment will receive credit for the years of service forfeited by repaying the original refund, plus interest.
If an active employee terminates employment and is vested (eligible for a retirement benefit) the contribution shall not be refunded. Instead, the contribution will be used to fund his or her future retirement benefit.
Retirement Information Meetings - Denver Employees Retirement Plan holds regularly scheduled Retirement Information Meetings for active members who wish to receive information about the Retirement Plan.
If you are thinking about retiring or curious about your retirement benefits, consider attending one of the Retirement Information Meetings presented by the Denver Employees Retirement Plan to have your questions answered by the Retirement Plan staff.
The next meeting is scheduled for Wednesday, November 29, 2017, from 12:00 p.m. - 1:00 p.m., at the Webb Building in room 4.F.6. RSVP’s are not required. However, if you RSVP, DERP staff will prepare an estimate of your retirement benefits and present that to you at the meeting. RSVP to firstname.lastname@example.org or (303) 839-5419. This meeting is intended for members hired on or after July 1, 2011.
Informational meetings may be held for any City department. Talk to your department head about scheduling a time for Plan representatives to meet at your offices. Members may also schedule an individual appointment with a Membership Services Representative at the Plan offices.