Post-Retirement Benefit Increases
Each January, eligible MSRS benefit recipients receive an increase in their monthly payment amount. This benefit increase amount is established in Minnesota law. MSRS will send you notification in December of the post-retirement benefit increase that will occur in January.
|Retirement Plan||Post-Retirement Increase|
|General*, Unclassified, Legislators * |
(including Military Affairs, DOT Pilots &
State Fire Marshals Plan)
|1.0% starting 1/1/2019 |
1.5% starting 1/1/2024
|Correctional||1.5% starting 1/1/2019|
The increase is prorated the first year after retirement and is based on the number of full months you were retired during the previous fiscal year, which ends June 30. After the initial prorated increase, you will receive the full benefit increase in subsequent years.
* Starting January 1, 2024: General & Legislative Plan employees who retire prior to normal (full) retirment age will not receive a post-retirement increase until January 1 following attainment of normal retirement age. An employee retiring under the Rule of 90 has attained normal retirement age.