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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

Important notice to new retirees
Your first benefit payment may be delayed
First retirement benefit payments are currently taking up to two weeks longer to process. Generally, new retirees receive their first benefit payment 4 to 6 weeks after they retire. However, due to the high volume of retirement applications MSRS has received over the past few months, first payments are taking up to 8 weeks to process

Please be assured that we are working as quickly as possible to process your request. We apologize for this delay and any inconvenience it may cause.

Your first benefit payment will be larger because it includes all retroactive payments back to your benefit start date. You will receive a Benefit Authorization letter to notify you when the first payment will be made and the amount you can expect to receive.

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...

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...

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.