News & Announcements

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MSRS is pleased to announce the cost of some investments in your plan accounts will decrease effective at the end of October 2024.

On May 15, 2024, Governor Walz signed the 2024 Omnibus Pensions and Retirement Bill into law. The bill includes several changes that affect MSRS pension plan members.

Results are in for the 2024 MSRS Board of Directors election.

Beginning in 2024, required minimum distributions (RMDs) are no longer required from Roth accounts in employer-sponsored retirement plans.

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

Eligible pension benefit recipients will receive a one-time extra payment in February 2024.

The MN Department of Revenue updated Form W-4MNP, Minnesota Withholding Certificate to reflect recent law changes

Effective January 1, 2024, eligible MSRS retirees and other benefit recipients will receive a post-retirement pension benefit increase.

Voting ends Fri, March 1.

MSRS will conduct an election to fill four positions on the Board of Directors.

On May 19, 2023, the governor signed three bills into law that impact Minnesota public pension and retirement plans.

The IRS and MN Department of Revenue have established new tax withholding requirements for retirement plans. These changes affect MNDCP and pension benefit net payments.