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
Coming Soon... MSRS website to get new look
Minnesota State Retirement System will soon launch its newly redesigned
website. The redesigned site will provide a more user-friendly
experience for participants, employers, and the public. The website
features a modern look and streamlined navigation.
2015 Pension Benefit Increase
Minnesota State Retirement System (MSRS) retirees and other benefit recipients
will receive a 2% post-retirement pension benefit increase effective January 2015.
Retirees covered by the State Patrol Retirement Plan will
receive a 1% increase. Retired judges will receive a 1.75% increase.
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
Pension systems reject 'dubious' research by privatization advocate
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, is based on very outdated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.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.