Legislators Retirement Plan

Membership in the Legislators Plan is mandatory if you were first elected to the Minnesota Legislature before June 30, 1997. Legislators elected after that date are members of the Unclassified Retirement Plan.

You can be a member of another Minnesota public employees plan for other public service while you are a member of the Legislators Retirement Plan.

The Legislators Retirement Plan provides full retirement benefits at age 62, and reduced benefits at age 55. 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 survivors may be eligible to receive a lifetime survivor benefit upon your death. The plan also provides survivor benefits for your spouse or dependent children if you die before you retire.

Image of dollar sign to depict contribution rates Contribution rates

Legislators contribute 9% of gross salary to the retirement plan. This percentage rate is established in Minnesota state law.

The annual expense allowances (per diem) provided during regular and special session is subject to retirement deductions. Additional salary to legislative leadership positions has no retirement deductions nor is it used in your monthly benefit calculation.

Your employee deductions are paid into the state's General Fund; however, MSRS maintains records on amounts you have contributed

Image of person to depict plan eligibility Eligibility (vesting)

Eligibility to collect a monthly retirement benefit (or what we called vesting) is based on years of service.

  • Vesting eligibility:  six or more years of service.

  • Eligible for full retirement benefit: age 62

  • Eligible for reduced retirement benefit: age 55 or later.

Image of calculator to depict calculating retirement benefit 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 formula 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 about how the retirement benefit is calculated, see:

 

Image of hour glass to depict service credit Service credit

Many state employees have worked, or will someday work, for a Minnesota city, county, or school district. If you are covered by another Minnesota public retirement plan, this may combine with your service as a state employee. We call this a Combined Service Annuity (CSA).

Under CSA law, the various public retirement plans work together so you get credit for all of your service. Be sure to notify MSRS if you have service with another Minnesota public pension plan.

MINNESOTA PLANS COVERED UNDER CSA LAW

  • Minnesota State Retirement System (MSRS)
  • Public Employees Retirement Association (PERA)
  • Teachers Retirement Association (TRA)
  • St. Paul Teachers Retirement Fund Association (SPTRFA)
  • Duluth Teachers Retirement Fund Association (DTRFA)


Important! When you switch public employers in Minnesota, your contributions and service credit are not rolled into the new plan. The service credit earned will remain with the fund that the service was earned. When you retire, you will receive a check from each public retirement association.

HOW COMBINED SERVICE WORKS

Your service with other Minnesota public pension plans counts for benefit eligibility. You need six years of service to quality for monthly retirement or survivor. If you have two years covered by PERA, and four years under the Legislators Plan, you would be eligible for monthly benefits.

In addition to having the service credit work together, all Minnesota public pension plans use the same high-five average salary to calculate monthly benefits. For example, if you have 12 years covered by the Legislators Plan, and 8 years of previous employment covered by PERA, it is likely that your current salary is higher than when you contributed to PERA. In this example, PERA will use your legislator's high-five average salary to calculate benefits based on the 8 years of PERA service. If your high-five average salary was higher using the PERA service, then MSRS would use the PERA high-five salary.

When you retire, you will receive a check from both public retirement plans.

image of people to depict beneficiary and survivor benefit Beneficiary & survivor benefit

Beneficiary & Survivor Benefits - Legislators

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