Pension Benefit Increase, January 2018
Effective January 1, 2018, eligible MSRS retirees and other benefit recipients will receive a 2% post-retirement pension benefit increase. Exceptions: Retirees covered under the State Patrol Retirement Plan will receive a 1% increase. Retired judges will receive a 1.75% increase.
You will receive a letter from MSRS in December confirming your 2018 benefit amount. Be sure to notify us if your address has changed to ensure the letter reaches you.
The post-retirement benefit increase is established in Minnesota law and occurs each January. The increase is proprated 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 intial prorated increase, you receive the full benefit increase amount in subsequent years.
Learn About Your Pension Plan
As a Minnesota public employee, you are already contributing to your financial future! Watch our video to learn more.