Recent News
About the Plan - You Have Choices
The Aurora Police Money Purchase Pension Plan
The City of Aurora Police Money Purchase Pension Plan (APMPPP) serves serves as a Social Security replacement plan and is the primary pension plan for the civil service employees of the Aurora Police Department (APD). APMPPP is a self-directed 401(a) Defined Contribution Plan, therefore there is no fixed dollar amount or pre-determined retirement benefit established by a third party, as found with Defined Benefit plans. Effective January 1, 2020, an amount equal to 12% of your compensation is withheld from each paycheck and paid into your account. The City also provides a 100% match 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. For more information on your Plan, access Plan Highlights here:
Watch this video for an overview of the Aurora Police Money Purchase Pension Plan (AP-MPPP).
The Aurora Police Defined Benefit Hybrid Option
Officers hired after January 1, 2022 have the option of enrolling in the Hybrid Plan. It is called a Hybrid plan because it still has a Money Purchase Pension or defined contribution component, but also a Defined Benefit component. You have up to 36 months from your date of hire to opt into the defined benefit or “hybrid” option. Please see additional details regarding the specifics of this plan in the links below.
Aurora Police Hybrid Plan Enrollment Form
Click here for an overview of the Hybrid Plan.
Click here for a Summary Plan Description of the Defined Benefit Plan
Your AP-MPPP team has made a purchase of service calculator and benefits chart to help you navigate this decision. Please note that the calculator is ONLY an estimate - final purchase of service amount may vary. The Defined Benefit Hybrid Option has optional survivor benefit elections available as well which can be reviewed here.
Meetings Update
Until further notice, all meetings in 2024 will take place at AP-MPPP administration headquarters located at 7979 E. Tufts Ave. Suite 1700, Denver, CO at 8:30am.
A virtual attendance option will be provided for all meetings.
2024 meeting dates: February 5th, March 5th, April 2nd, May 7th, June 4th, July - TBD, August 6th, August 28th (the September meeting typically takes place in Beaver Creek at the CPPC conference), October 1st, November 5th & December 3rd
Q4 2023 Retirement Report Newsletter
The AP-MPPP 4th Quarter 2023 participant newsletter provides advice on saving for retirement.
The target date portfolios have been re-balanced due to updated capital markets assumptions and standard periodic review. Visit the Tier One: Target Date Portfolios Page for more information about the target date portfolios.
The Empower Secure Foundation Product is Available to Participants in the Plan
The Empower SecureFoundation is a guaranteed income benefit. This product is a good fit for individuals expected to live well into their 80s or 90s and for those seeking a guaranteed source of income within the plan. For more information please refer to the SecureFoundation brochure or watch the educational video below regarding this option. You can also contact your local pension office for more information at apdretire@innovestinc.com.
Additionally, the target date portfolios have been re-balanced due to updated capital markets assumptions and standard periodic review. Visit the Tier One: Target Date Portfolios Page for more information about the target date portfolios.
Quick Connects
Plan Administrator Contact Information:
Innovest Portfolio Solutions
Phone: 303-221-5900
Email plan Administrator apdretire@innovestinc.com
Plan Administrator Address:
7979 E. Tufts Ave. Suite 1700
Denver, CO 80237
Directions to plan headquarters
Empower Retirement Service Center
1-844-677-7427
Participant Services
6:30am – 6pm MST Monday through Friday
9am - 1:00pm MST Saturday
Voice Automated Response System
Available 24/7
We’re here to help.
About the Plan
The City of Aurora Police Money Purchase Pension Plan (AP-MPPP) serves as a Social Security replacement plan and is 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 retirement benefit established by a third party, as found with Defined Benefit plans. Effective January 1, 2020, an amount equal to 12% of your compensation is withheld from each paycheck and paid into your account. The City also provides a 100% match 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. For a more detailed overview of this benefit provided by the City of Aurora to all Police employees, please select Learn More for Summary Plan Description.
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 and digestible language. The SPD includes information such as:
The name and type of plan
Eligibility, enrollment, and participation
Contributions
Investments
Vesting
Distributions
Tax Information
Administration Information
History of the Plan
Contact
➤ Location
Plan Headquarters:
Innovest Portfolio Solutions
7979 E. Tufts Ave. Suite 1700
Denver, CO 80237
☎ Contact
apdretire@innovestinc.com
(303) 221-5900