About Contributions
Upon employment, an individual Plan account is established in your name under the AP-MPPP. An amount equal to 12% of your compensation is withheld from each paycheck and paid into your personal account. The City also provides a 100% match (equal to 12% of compensation) to each participant’s account with every paycheck. You do not need to complete any forms to become a Plan participant. You will be automatically enrolled in the Plan on your first day of full-time employment with the Aurora Police Department and contributions will begin with your first paycheck.
Contributions & Amount
City of Aurora: 12%
Employee: 12%
Total: 24%
The contributions you make to the Plan are not taxed at the time they are invested in your account, but will be taxed at a later date when distributed to you or your beneficiaries. No additional voluntary contributions are allowed to this Plan, other than rollovers described into the Plan from other qualified retirement plans. However, additional retirement savings may be made through supplemental 457 deferred compensation plans made available through the City. Please check with the City’s Human resources department for 457 plan providers.Click Here for detailed information regarding the investment options available to AP-MPPP participants.