Your pension and Social Security benefits may not provide enough income for you to live the lifestyle you want in retirement. MNDCP can help fill the gap. The supplemental income your MNDCP account can generate may be your key to financial security in retirement.

If you're not already investing for retirement, it's never too late to get started. It's easy to enroll in the MNDCP. Use the following steps as your guide.


Step 1     Decide how much to save 

Use this interactive worksheet to help determine how much additional retirement income you may need from personal savings to supplement your pension and Social Security benefits.

The money you contribute to your MNDCP account is meant for retirement. Consider carefully how much you can afford to contribute.

You'll have flexibility to increase, decrease, or stop your contribution amount at any time.


Step 2     Decide to save pre-tax or Roth after-tax

You've taken the first step and determined how much to save. Now you should decide whether you want to save on a pre-tax basis, Roth after-tax basis, or both.

Use the Paycheck Impact Calculator to see how saving pre-tax or Roth after-tax dollars will affect your paycheck.


Step 3  Determine your investment approach 

You choose how your money is invested. Before you jump in and start choosing investments, spend some time to understand your investment options. There are two ways you can build your investment portfolio.


Step 4   Complete the Enrollment Agreement

Once you decide how much to contribute and your investment approach, simply complete and return the Enrollment Agreement. Once your account is set up, we will notify your employer. Contributions are automatically deducted from each paycheck and deposited to your MNDCP account.