MSRS Office Closed Mon, Feb. 19

In observance of Presidents Day, all MSRS offices will be closed on Monday, February 19, 2018. The financial markets are also closed that day; therefore, any investment transactions processed after 3 p.m. on Friday, February 16, will have an effective date of Tuesday, February 20, 2018. MSRS will resume normal business hours on Tuesday, February 20, 2018.  

Voting Ends Soon for MSRS Board

The MSRS Board of Directors 2018 election is underway.  Three positions are currently open: two for the General and Unclassified Retirement Plans; one for the State Patrol Retirement Plan. If you are an active or deferred member of the General, Unclassified, or State Patrol Retirement Plan, you will receive a ballot in the mail. You may vote by paper ballot or on online. A secure and confidential website has been set up through Survey and Ballot Systems (SBS). The...

MSRS Office Closed MLK Day

In observance of Martin Luther King, Jr Day, all MSRS offices will be closed on Monday, January 15, 2018. The financial markets are also closed that day. Therefore, any investment transactions processed after 3 p.m. on Friday, January 12, will have an effective date of Tuesday, January 16, 2018. MSRS will resume normal business hours on Tuesday, January 16, 2018.  

2018 MNDCP Contribution Limits Announced

(MNDCP)  The Internal Revenue Service (IRS) announced new contributions limits for 457(b), 401(k), and 403(b) retirement plans for calendar year 2018. 2018 MNDCP Annual Maximum Contribution Limits Participant Age Maximum Limit Under Age 50 $18,500 Age 50 & Over $24,500 Catch-Up...

Pension Benefit Increase, January 2018

Effective January 1, 2018, eligible MSRS retirees and other benefit recipients will receive a 2% post-retirement pension benefit increase. Exceptions : Retirees covered under the State Patrol Retirement Plan will receive a 1% increase. Retired judges will receive a 1.75% increase. You will receive a letter from MSRS in December confirming your 2018 benefit amount. Be sure to notify us if your address has changed to ensure the letter reaches you. The post-retirement...

Tax Statements Mailed by January 31

MSRS Pension Plans : MSRS will mail you a Form 1099-R to report payments you received from your pension plan. The statement will be available online.   Defined Contribution Plans - MNDCP, HCSP (beneficiary), Unclassified Retirement Plan, Hennepin County 1% Supplemental Plan: Great-West Retirement Services will report distributions. MNDCP participants and HCSP beneficiaries will receive a  Form 1099 .  ...