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Military Affairs Retirement Plan

The Military Affairs Retirement Plan covers military affairs personnel on active duty. The plan provides retirement, survivor, and disability coverage.

Once retired, 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 benefit upon your death.

Employees covered by this plan contribute to Social Security.


Unique Plan Features
With the exception of the plan features described below, Military Affairs Retirement Plan  follows the same provisions as the General Employees Retirement Plan.

 

Contribution Rate

Contribution rates are established by Minnesota law.

  • Employee Contribution:      7.35% of gross salary

  • Employer Contribution:      7.475% of employee's gross salary

Membership in  Plan

To be a member of the Military Affairs Plan:

  • You must file an irrevocable election with the MSRS Executive Director stating that you choose to be a member of this plan. Contact MSRS to request a Plan Selection Form.

  • Form must be filed with MSRS within 90 days of your start of employment.

Normal (Full) Retirement Age

Age at which you can collect an unreduced (full) retirement benefit. Eligibility:

  • Active duty personnel under the rank of Major General are required to retire at age 60 with the right to request an extension to age 62 (per Dept of Military Affairs).

  • If hired before July 1, 1989: Rule of 90 (your age plus years of service must equal 90).

Early Retirement Age

Earliest age you can retire; however, your retirement benefit will be reduced:

  • Generally, age 55 (if you are not required to retire early).

  • If hired before July 1, 1989: any age provided you have 30 years of service.