The General Employees Retirement Plan (General Plan) is the largest retirement plan administered by MSRS. The General Plan provides retirement, survivor, and disability coverage for state employees as well as civil service employees of the University of Minnesota, and employees of the Metropolitan Council. Please note: Judges, public safety personnel, employees responsible for inmate care, elected officials, and certain unclassified state employees are covered by other plans administered by MSRS.
Once you retire, you receive a monthly retirement benefit for life with potential post-retirement increases. Depending on the option you select at retirement, your survivor(s) may be eligible to receive a lifetime survivor benefit upon your death.
To learn more, see the General Employees Retirement Plan Handbook.
Employee and employer contribution rates are established by Minnesota law. Contributions are a percentage of pay.
Eligibility to collect a monthly retirement benefit (or what we call vesting) is based on years of service.
If membership in General Plan began:
Calculating your retirement benefit
Calculating your retirement benefit is a simple formula defined in Minnesota law. The first piece we consider is the length of service. Then we calculate the high-five average salary. We take these two pieces and apply it to a benefit multiplier to determine the retirement benefit.
Other factors that determine the monthly benefit are the retirement age and the survivor benefit option selected at retirement.
To learn more, see:
Watch this video to learn about your MSRS pension plan.
Service credit -- or allowable service -- is the credit you earn each month retirement deductions are withheld from your salary. Service credit is important because it is used in a formula to determine your monthly retirement benefit. The more service you have and the higher your salary, the higher your monthly retirement benefit will be.
A number of factors may impact your service credit including:
Beneficiary & survivor benefit
Your status at the time of death (before or after you are collecting a monthly retirement/disability benefit), determines how your assets will be paid and to whom (a beneficiary or survivor).
It is important that you understand the difference between a beneficiary and survivor and the benefits they are eligible for upon your death. To learn more, see Beneficiary & Survivor Benefit.
As a member of the General Plan, you have total and permanent disability protection. This is an important benefit since it will pay you disability benefits for your lifetime, or until you are no longer disabled. Your age at the time of your disability is not a factor.
To learn more about how we calculate your disability benefit and how to apply, see Disability Benefit.