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Overview of MSRS Retirement & Savings Plans

 


MSRS Retirement & Savings Plans 
This video is an overview of plans administered by MSRS including the state pension plan, the Minnesota Deferred Compensation Plan and the Health Care Savings Plan.  



Joint Retirement Systems Pension Plan:
As a Minnesota public employee, you earn a pension benefit. Learn the basics about defined benefit pension plans.

Pension Plans

MNDCP

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Enrollment

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Investments

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Withdrawals

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Pretax vs. Roth After Tax

 


Minnesota Deferred Compensation Plan
This video is an overview of the Minnesota Deferred Compensation Plan (MNDCP). The plan is an employer-sponsored voluntary retirement savings account available to all Minnesota public employees.

HCSP



HCSP At-a-Glance: 
Video to introduce the HCSP, including the plan benefits and features, who can participate, and how your contributions are invested.



HCSP How to Request Reimbursement: 
Video that explains when you can access your HCSP funds and how the reimbursement process works.

Pre-Retirement Seminars



Introduction: 
Preparing for retirement starts with a plan. In this section we discuss some realities to consider that could affect your retirement savings and walk through steps to prepare a retirement budget.



Pension: 
A pension may be one of your greatest sources of retirement income. In this section we discuss how the State of Minnesota pension benefit is calculated, the plan features, and the impact of collecting your benefit before full retirement age.



Income Gap: 
You may have an income gap if your pension and Social Security benefits are not enough to cover your retirement expenses. In this section we discuss ways to bridge income gaps.



Minnesota Deferred Compensation 457(b) Plan (MNDCP): 
The MNDCP is a voluntary savings account to be used after you separate from service, typically in retirement. In this section we discuss the MNDCP features and how to use your account savings to supplement pension and Social Security income.



Health Care Savings Plan (HCSP): 
The HCSP is a tax-free savings account to be used once you separate from service. In this section we discuss the features of the HCSP and options to utilize your HCSP savings.


Social Security Express


Social Security: 
A Social Security Representative will be present at most MSRS Pre-Retirement seminars, depending on availability. Social Security puts you in control by providing an array of services when, where and how you need them. Click the image to get started.

Retirement Planning

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