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2016 CAFR Now Available

MSRS is delighted to present the Comprehensive Annual Financial Report (CAFR ) for the fiscal year ending June 30, 2016, our 87 th year of operations.    The CAFR offers a comprehensive review of MSRS’ financial activities as well as information about MSRS’ structure, investment activity, actuarial valuations, and statistics.   Additionally, the fiscal year 2016 MSRS Actuarial Valuation Report is also available .

MSRS Board Approves 2017 Maintenance Proposal

  The MSRS Board of Directors approved a new maintenance proposal for the 2017 legislative session to increase funding to the General, Correctional, and State Patrol Pension Plans.   General Plan Proposal Proposed Change Savings/Impact     % of Payroll Savings/Impact Millions of $/Year July 1, 2017 Increase Employee Contributions from 5.5%...

Pension Account Online Unavailable 12/2 to 12/4

The MSRS pension plan Account Online website will be down for maintenance beginning 5:30 p.m., Friday, December 2 through 5 p.m., Sunday, December 4.  During the outage you will not be able to log in to  MSRS Pension Plans (link located in the "Access Your Account" box).  The outage will not affect your ability to log in to  All Other MSRS Plans , which includes access to these plans: MNDCP, HCSP, Unclassified Retirement Plan, and...

Pension Account Online Unavailable 11/18 - 11/21

The MSRS pension plan Account Online website will be down for maintenance beginning 6 p.m., Friday, November 18 through 7 a.m., Monday, November 21.  During the outage you will not be able to log in to  MSRS Pension Plans (link located in the "Access Your Account" box).  The outage will not affect your ability to log in to the All Other MSRS Plans website, which includes access to these plans: MNDCP, HCSP,...

MSRS Offices Closed Friday, November 11

In observance of Veterans Day, MSRS offices will be closed on Friday, November 11. Veterans Day is not a New York Stock Exchange (NYSE) holiday; therefore, MSRS representative will be available to answer your calls during regular business hours, 8 a.m. - 4:30 p.m. Investment transactions requested by phone or online before 3 p.m. will be processed, as usual. 

2017 Contribution Limits Remain Unchanged

The 2017 annual contribution limits for employees who participate in the MNDCP 457(b) plan, a 403(b) plan, or a 401(k) plan will remain the same as the 2016 limits.   2017 Annual Maximum Contribution Limits Participant Age Maximum Limit Under Age 50 $18,000 Age 50 & Over $24,000 Catch-Up Provision * ...

2017 Pension Benefit Increase

Effective January 1, 2017, Minnesota State Retirement System (MSRS) eligible 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. In December, you will receive a letter from MSRS confirming your 2017 benefit amount. The post-retirement benefit increase is established in Minnesota law and occurs...

Lower Cost Fidelity Diversified International Fund

Effective, November 11, 2016,  the Fidelity Diversified International Fund will become a lower-cost investment of the same fund. Instead of offering the Fidelity Diversified International Fund as a mutual fund, it will be offered as a Collective Investment Trust called the Fidelity Diversified International Comingled Pool. To learn more, read the Investment Option Change Notice .

HCSP Reimbursements Your Way

It’s December 31. You just discovered you forgot to submit a request to be reimbursed for eyeglasses purchased earlier this year. Now what? Don’t worry – with the Health Care Savings Plan (HCSP) there is no deadline to request reimbursements. With the HCSP, you have: No end-of-year deadlines . You can submit a reimbursement request at any time. It doesn't matter if the expense occurred this calendar year or in any previous year (as long as it was incurred after...

MSRS Website Availability, September 1

Access to the MSRS Pension Plan account online website will be unavailable on Thursday, September 1 starting at 5:45 p.m. The outage is expected to last approximately two hours. During the outage you will be able to visit our website, but will not be able to log in to  MSRS Pension Plans (link located in the "Access Your Account" box).  This outage will not affect your ability to log in to the "All Other MSRS Plans" website, which...

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Showing 1 - 10 of 30 results.