News & Announcements

Beginning July 6, you will need a new app to access your MSRS savings plan accounts on your mobile device. 

The 2022 Omnibus Pension Policy Bill was signed into law by Governor Tim Walz on May 22, 2022.

The 2022 legislative session recently crossed its halfway point. MSRS staff are tracking the Legislature closely and anticipate the session’s brisk pace to continue until adjournment in May.

Results are in for the 2022 MSRS Board of Directors election.

Deadline to vote is March 1. Positions up for election in 2022 represent the General, Unclassified, and State Patrol Retirement Plans.

The Internal Revenue Service (IRS) announced new contributions limits for 457(b), 401(k), and 403(b) retirement plans for calendar year 2023.

Effective January 1, 2022, eligible MSRS retirees and other benefit recipients will receive a post-retirement pension benefit increase.

MSRS is currently seeking candidates to fill three upcoming vacancies. Deadline to apply to be a candidate is Friday, October 1, 2021.

Update (7/1/2021) - The House and Senate passed a budget before midnight July 1, 2021 to avoid a state government shutdown.

No substantial changes were made to MSRS retirement plans during 2021 session.

We are pleased to announce the cost of the Target Retirement Funds will decrease effective, February 1, 2021.

Payments you receive from your MSRS accounts may be reportable on income tax returns. MSRS will mail tax documents by January 31.