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Website to Get New Look

MSRS is redesigning our website to feature a more modern look, user-friendly navigation and expanded participant information. The changes will be completed in two phases. Phase 1 : Redesign the MNDCP, HCSP, and Unclassified Retirement Plan account online website. To accomodate this change, you will not be able to log into your online account starting at 3 p.m. CT on Wednesday, June 20; the outage will last approximately 12 hours. Check out the redesigned site starting on...

Governor Signs 2018 Pension Bill

Gov. Mark Dayton signed the 2018 Omnibus Retirement Bill into law on Thursday, May 31. “That’s the last bill I’ll sign as governor of Minnesota and what a great way to end on,” Dayton said at signing ceremony, which was attended by many Minnesota public employees and stakeholders. The bipartisan legislation (H.F. 3053/S.F. 2620) includes sustainability measures for all four of the state’s public pension systems, including Minnesota State Retirement System (MSRS), Teachers Retirement...

Omnibus Pension Bill Passes House

Omnibus Pension Bill Passes House The 2018 Omnibus Pension Bill (S.F. 2620) passed the House of Representatives unanimously on the final day of the legislative session. Following passage in the House, the Senate concurred with some changes made to the bill affecting volunteer firefighters. The bill is now headed to the Governor Dayton’s desk where he is expected to sign S.F. 2620 into law. Once signed, S.F. 2620 will become the largest pension reform legislation in the history of...

Pension Bill Continues to Move Through Legislature

The 2018 pension bill (S.F. 2026) had its first hearing in a House committee on Monday, May 7. The House Government Operations Committee unanimously passed the pension bill, without amendment, on to the next committee. The hearing comes six weeks after the Senate passed the bill unanimously. Legislators in the House have until May 20 to take final action on the bill. For more information about the bill see the Omnibus Pension Bill Summary   For more information on...

Economic Impact of Minnesota Pensions

The Retirement Systems of Minnesota provide secure retirement benefits to more than  173,000 Minnesotans, totaling $4.1 billion. Click the map below to see where retirees live around the state.  

Star Trib Editorial: House Should OK Pension Bill

On March 26, the Senate approved the 2018 pension bill. It now awaits House action. Read this  Minneapolis Star Tribune editorial outlining reasons the House should act on this clean pension bill.

2018 Omnibus Retirement Bill Update

The Legislative Commission on Pensions and Retirement (LCPR) has completed its work on the 2018 Omnibus Retirement Bill S.F.2620 / H.F.3053 . The Minnesota House and Senate versions of the bill are now working their way through the legislature.   For updates on the status of the two bills, visit the LCPR webpage . The bill is similar to the provisions that passed during the 2017 Session but was ultimately vetoed. Omnibus Retirement Bill Provisions by Plan ...

2018 MSRS Board Election Results

Results are in for the MSRS Board of Directors election. Congratulations to Chet Jorgenson and Jacqueline Terry, who will represent the General and Unclassified Retirement Plans; and Mike LeDoux, who will represent the State Patrol Retirement Plan. The Board will officially approve the election results at its March 22 meeting. These four-year-term positions will begin on May 7, 2018. The next MSRS Board election will be held in 2020 to...

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.  

MSRS Board Election - Voting Has Ended

Three MSRS Board of Directors 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 should have received 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 election materials will...

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