MSRS - Federal & State Tax Information

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Last Updated: 05/27/2009

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	Federal & State Tax Information

	All or most of your retirement benefit is taxable income. Prior to January 1, 1983, all retirement contributions deducted for MSRS were taxed by the federal and state government. On January 1, 1983, all new retirement contributions became tax deferred, until retirement. You are not taxed twice on your pension contributions made before January 1, 1983. When you retire, you are eligible to recover your taxed contributions over your expected lifetime. MSRS counselors will discuss this information with you when you retire. For federal tax information, call the IRS at 1 (800) 829-1040 or visit their Website at www.irs.gov. For state tax information, call the Department of Revenue's Minnesota Taxpayers' Help Line at (651) 296-3781. You can also visit their Website at www.taxes.state.mn.us.

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