Welcome to the Minnesota State
Retirement System (MSRS) website! We administer ten different
retirement plans which provide retirement, survivor, and disability
benefit coverage for Minnesota state employees as well as employees
of the Metropolitan Council and many non-faculty employees at the
University of Minnesota. MSRS covers over 50,000 active employees
and currently pays monthly benefits to over 20,000 retirees,
survivors, and disabled employees. In addition, we administer the
State of Minnesota Deferred Compensation Plan and the Health Care
Savings Plan.
Pension Health: An Accurate Scenario
The chairs of the Boards of Trustees for MSRS, PERA and TRA responded Friday, January 27, to a recent
commentary by the Minnesota Taxpayers Association in the Minneapolis Star Tribune. Click
here for the
Boards' response, and
here for the
original commentary.
Introducing a new savings opportunity: Roth 457(b)
The Minnesota Deferred Compensation Plan (MNDCP) offers you the opportunity to save pre-tax dollars
for retirement. Beginning in 2012, you will also have the option to save on an after-tax basis through
Roth contributions. The Roth doesn't change how much you can contribute nor does it change where you can
invest. It gives you more control over when your contributions - and retirement income - will be subject
to income tax.
State of Minnesota employees will be able to contribute Roth after-tax dollars to their MNDCP account
beginning January 2012. Other Minnesota public employers may or may not choose to offer this option or
need more time to adjust their payroll procedures. Ask your employer if you will be able to make Roth
contributions to your MNDCP account.
To learn more about the Roth option, please see
Your guide to Roth 457(b)
contributions. Use this guide to make informed decisions about your long-term savings goals. In
the coming months, additional information such as online calculators will be available.
MSRS Board of Directors 2012 Election Underway
The MSRS Board of Directors 2012 election is underway, and the ballots are scheduled to be in the mail by
February 5.
More...
What's New
Important tax time reminders
Form 1099-R will be postmarked and mailed no later than January 31, 2012.
More...
