Overview

The City of Aurora—Police Money Purchase Pension Plan (AP-MPPP) serves as a Social Security replacement plan and serves as the primary pension plan for the civil service employees of the Aurora Police Department (APD). AP-MPPP is a self-directed 401(a) Defined Contribution Plan, therefore there is no fixed dollar amount or pre-determined benefit established by a third party upon retirement, as found with Defined Benefit plans. The benefit, upon separation from service, is simply the combination of the contributions made to your account (employee and vested employer), plus the compounding of investment returns on such contributions. Your savings do not profit or subsidize anyone else’s retirement benefit. Additionally, this Plan is flexible, allowing you choices in the investment of your account, as well as when and how your savings are distributed upon retirement.

Summary Plan Description (SPD)

The Summary Plan Description (SPD) is available to all AP-MPPP participants and beneficiaries free of charge. This document gives you a general description of key benefits provided by the Plan in understandable language without describing all of the in-depth legalese set forth in the Plan Document. The SPD includes such information as:

  • The name and type of plan

  • Eligibility, enrollment, and participation

  • Contributions

  • Investments

  • Vesting

  • Distributions

  • Tax Information

  • Administration Information

Click Here to view an electronic version of the AP-MPPP Summary Plan Description (SPD).