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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.

Tax Statements Mailed by Jan 31

The 2017 tax statements will be mailed to plan participants by January 31, 2018.

2018 MNDCP Contribution Limits

The Internal Revenue Service (IRS) announced new contributions limits for 457(b), 401(k), and 403(b) retirement plans for calendar year 2018.

2018 Pension Benefit Increase

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.

Do You Want to Serve on Board?

MSRS is currently seeking candidates to fill three upcoming vacancies on the Board of Directors: State Patrol Retirement Plan (1 position) General Employees Retirement Plan and Unclassified Retirement Plan (2 positions) The deadline to apply is Sept 29, 2017.

MSRS Response to Bloomberg Article

An article published by Bloomberg News uses numbers reported under the Governmental Accounting Standards Board (GASB) rules to paint incomplete picture of the financial health of Minnesota’s public pension plans.

Account Login Process Change

Effective July 21, 2017, changes were made to the login process designed to make the user experience simple and more secure. Go to Ready.Set.Login for more detailed login instructions.

Board Vacancy for Correctional Plan Member

Currently, there is a vacancy on the MSRS Board of Directors for a representative of the Correctional Retirement Plan. This vacancy is due to the resignation of the current incumbent.

Governor Vetoes 2017 Pension Bill

Governor Mark Dayton vetoed special session S.F. 3 on Tuesday, May 30, 2017. This bill contained the contents of the 2017 Omnibus Retirement Bill passed by the Legislative Commission on Pensions and Retirement (LCPR).

2017 Omnibus Retirement Bill Update

The Legislative Commission on Pensions and Retirement (LCPR) has completed work on the 2017 Omnibus Retirement Bill. The Minnesota House and Senate versions of the bill are now working their way through the legislature.

Together, We Make Minnesota Better

In fiscal year 2016, nearly 200,000 Minnesotans received a benefit from one of the public pension plans in our state, totaling over $4 billion.

MN Named One of the Best Places to Retire

Bankrate.com released its ranking of the best and worst states to live in retirement, putting Minnesota in the number 5 spot.