MSRS Pension Plans
MSRS was established by the Legislature in 1929 to provide retirement benefits to State of Minnesota employees. MSRS administers multiple retirement plans that provide retirement, survivor, and disability benefit coverage for State employees as well as employees of Metropolitan Council, Minnesota State, and many non-faculty employees at the University of Minnesota.
As of July 1, 2017, there were 129,338 pension plan members (active, deferred and benefit recipients).
2019 Post-Retirement Increase
Effective January 1, 2019, eligible MSRS retirees and other benefit recipients will receive a 1% post-retirement pension benefit increase. Exceptions: Retirees covered under the Correctional Retirement Plan will receive a 1.5% increase. Retired judges will receive a 1.75% increase.
In mid-December, a letter we will be mailed to you confirming your 2019 benefit amount. Be sure to notify us if your address has changed to ensure the letter reaches you.
The post-retirement benefit increase is established in Minnesota law and occurs each January. The increase is proprated the first year after retirement and is based on the number of full months you were retired during the previous fiscal year, which ends June 30. After the intial prorated increase, you receive the full benefit increase amount in subsequent years.