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  Last Updated: 06/03/2013
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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. 

What's New

Study: Public pensions give boost to Minnesota's economy
Benefits paid by state and local pension plans support a significant amount of economic activity in Minnesota, according to the new study, "Pensionomics 2014" from the National Institute on Retirement Security. Pension benefits received by retirees are spent in the local community. This spending ripples through the economy, as one person's spending becomes another person's income. In 2012, expenditures stemming from state and local pensions supported 46,581 Minnesota jobs that paid $2.2 billion in wages and salaries, resulting in $7.0 billion in total economic output and generating $1.2 billion in federal, state, and local tax revenues in our state.

See the Minnesota fact sheet HERE. Read the full national report HERE.

Pension systems reject 'dubious' research by privatization advocate
The retirement systems have issued the following response to a new report from the Center of the American Experiment, http://www.americanexperiment.org/publications/minnesota-policy-blueprint/pensions-keeping-the-promise, which was covered by the Star Tribune: http://www.startribune.com/local/267430901.html.

A new report from Kim Crockett at the Center of the American Experiment ("Keeping the Promise: Securing Retirement Benefits for Current and Future Public Employees") is based on very outdated numbers on the financial status of the three statewide public retirement funds.

As of June 30, 2014, the assets for the three funds - the Minnesota State Retirement System (MSRS), Public Employee Retirement Association (PERA), and the Teachers Retirement Association (TRA) - have grown by $23 billion over the past five years. For the fiscal year that just ended, pension fund assets posted an 18.6 percent return on investment, far surpassing the 8.5 percent target rate. More...

Legislature accepts proposal to increase contribution rates
The 2014 Legislature accepted the MSRS Board of Directors proposal to increase the contribution rates for the state's major retirement plans including the Unclassified Retirement Plan, General Employees Retirement Plan,and Correctional Retirement Plan. Read the Messenger or the Unclassified Messenger to find out more.

MSRS retirement plan contribution rates to increase
The contribution rates for the state's major retirement plans administered by MSRS will increase the first full pay period of July 2014. More...

Governor Signs 2014 Omnibus Retirement Bill
Governor Mark Dayton signed this year's Omnibus Retirement Bill into law on May 21, 2014. The bill contains several provisions that will impact MSRS. More...

Early retirement reduction factors to change July 2014
New early retirement factors for members covered by the MSRS General Employees Retirement Plan will begin July 1, 2014. This change means lower benefits for members who retire before full retirement age, which is age 66 (or age 65 if hired before July 1, 1989). To learn more, please review this FAQ.

2014 MSRS Seminar Dates Announced
For more information, click on the following. More...

Funding levels of plans improve; more proactive steps necessary
MSRS' financial position improved during 2013. Investment returns of 14.2 percent gave the retirement funds MSRS administers a much needed boost in their funding levels. While the financial picture has improved, the MSRS Board of Directors is committed to reaching full funding of the retirement plans. To do this, the Board is recommending contribution rate increases for two retirement plans - the General Employees Retirement Plan and the Correctional Employees Retirement Plan. The Board realizes that contribution rate increases may not be popular, but are necessary for the plans to reach full funding. More...

Are pensions the cause of city fiscal woes? New report says no
The bankruptcy of Detroit has focused attention on the financial outlook for cities and the role that pensions may play in determining their future. Chicago is frequently cited as the poster child of a city where substantial pension commitments and lack of funding have led to serious financial problems. More...

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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

The information contained in this web site is also available in alternative formats to individuals with disabilities.
Please call 1-800-657-5757 or use the MN Relay Service at 1-800-627-3529.