The Pension Protection Act of 2006 allows certain retired and disabled public safety officers to reduce taxable income by up to $3,000 annually to pay qualified insurance premiums.

If you enroll in this program, MSRS will deduct insurance premiums from your retirement benefit and send directly to your insurance provider. Premiums for a spouse and dependent children are eligible for the tax exclusion; however, survivors do not maintain eligibility for this provision after the death of an eligible public safety officer or judge.
 

Full retirement age

To qualify for the premium withholding program,  you must retire at full retirement age or are collecting a disability. If you retire prior to full retirement age, you are not eligible for the tax exclusion.

Retirement Plan

Full Retirement Age

Correctional Plan

55 or older

State Patrol Plan

55 or older

Judges elected/appointed before 7/1/2013

65 or older

Judges elected/appointed after 6/30/2013

66 or older

 


Qualified insurance premiums

Qualified insurance premiums include health, dental or long-term care insurance coverage for you, your spouse and your dependents. Premiums must be deducted from your monthly benefit and paid by MSRS to the insurance provider.
 

To enroll

You can enroll at anytime. Contact MSRS to request an Authorization for Insurance Premium Deduction. Return the completed form and provide proof of insurance to MSRS. We must receive your form by the 15th of the month in order to deduct a premium payment from your next retirement benefit. 
 

For more information

See the Insurance Premium Withholding FAQ (pdf) or contact MSRS at 651-296-2761 or 1-800-657-5757.