News & Announcements

The Minnesota legislature approved the 2025 Pension and Retirement Bill. The bill includes several changes to MSRS pension plans.  Read more for a full summary of the bill.

Effective July 1, 2025, Voya Financial became the recordkeeper for several MSRS-administered plans.

Starting July 1, 2025, State of MN employees should make MNDCP salary deferral changes (payroll deductions) on the MSRS website at www.mnretire.gov.

We are pleased to announce that Voya Financial® (Voya) will become the recordkeeper for several MSRS-administered plans effective 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.