News & Announcements

The Minnesota State Retirement System (MSRS) is pleased to announce the selection of Voya Financial® (Voya) as our new recordkeeper.

We will be transitioning from Empower Retirement™ to Voya on July 1, 2025.

On March 31, the Target Retirement 2025 Fund will merge with the Target Retirement Income Fund. The attached notice was mailed to all 2025 Fund participants in mid-March.

MSRS is seeking candidates for the open Correctional Plan position on our Board of Directors. 

Effective January 1, 2025, eligible MSRS retirees and other benefit recipients will receive a post-retirement pension benefit increase.

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MSRS is pleased to announce the cost of some investments in your plan accounts will decrease effective at the end of October 2024.

On May 15, 2024, Governor Walz signed the 2024 Omnibus Pensions and Retirement Bill into law. The bill includes several changes that affect MSRS pension plan members.

Results are in for the 2024 MSRS Board of Directors election.

Beginning in 2024, required minimum distributions (RMDs) are no longer required from Roth accounts in employer-sponsored retirement plans.

Payments you receive from your MSRS accounts may be reportable on income tax returns. MSRS will mail tax documents by January 31.

Eligible pension benefit recipients will receive a one-time extra payment in February 2024.

The MN Department of Revenue updated Form W-4MNP, Minnesota Withholding Certificate to reflect recent law changes