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Home  General Information  Account Online  Online Forms  Correctional Plan    Benefit Calculation  Benefit Options  Covered Positions  Disability Benefit Eligibility  Disability Benefit Example  Eligibility  High-Five Average Salary  Survivor Benefits  1099-R Form  Address Changes  Benefit Increases  Combined Service  Direct Deposit  How to Apply  Notification of Death  Preparing to Retire  Pre-Retirement Checklist  Re-Employment  Refunds  Rollovers  Tax Information  Insurance Premium      Withholding       Last Updated: 04/13/2011	Home >> Correctional Plan >> Eligibility    Eligibility   Service requirements (vesting schedule) If hired before July 1, 2010, members with three years of allowable service credit are fully vested and therefore, eligible to receive a monthly benefit in retirement. If hired on or after July 1, 2010, vesting is based on a graded schedule. 50% vested after 5 years of service 60% vested after 6 years of service 70% vested after 7 years of service 80% vested after 8 years of service 90% vested after 9 years of service 100% vested after 10 years of service Age requirements A Correctional Plan employee may begin drawing a reduced benefit as early as age 50 and an unreduced benefit at age 55. Employer-Paid health insurance benefits Employees of many positions covered by the Correctional Plan are also eligible for employer-paid health insurance benefits from the date they retire until they reach age 65. Please contact your human resource department regarding this important health care coverage benefit before you decide to retire.
	Minnesota State Retirement System 60 Empire Drive, Suite 300, St. Paul, MN 55103-3000 Telephone: (651) 296-2761, Toll Free: (800) 657-5757, Fax: (651) 297-5238 E-Mail: info@msrs.us Please do not include confidential information, such as social security numbers, in email correspondence with MSRS. An Equal Opportunity Employer