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  Last Updated: 11/21/2014
 
   Correctional Employees Retirement Plan
  The Correctional Employees Retirement Plan covers correctional officers and other employees in the Departments of Corrections and Human Services who spend at least 75 percent of their employment directly responsible for inmate care. Membership in the plan is mandatory for the qualifying positions. Click here for a list of covered positions.

Contribution Rates
Contribution rates are established by Minnesota law and are based on the employee's gross salary. Both the employee and employer contribute to the retirement plan.
 
  Through
6/30/2014
Effective
7/1/2014
Employee:  8.60%  9.10%
Employer:  12.10%  12.85%


Employees covered by the Correctional Plan also contribute to Social Security.

How do we calculate your retirement benefit?
The video below explains the factors that are used to calculate your MSRS retirement benefit. For more detail, please see the Retirement Plan Handbook or contact MSRS at 1-800-657-5757.



  Disclaimer: The MSRS website is a general summary of the plans administered by the Minnesota State Retirement System (MSRS). The purpose of the website is to provide a general overview of benefits and the plans administered by MSRS. The benefits described generally apply to active employees. If there is any difference between the information this handbook provides and the law or policies which govern MSRS, the law and policies will prevail. The provisions may be subject to law changes.

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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
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