News & Announcements

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

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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.

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

MSRS has been awarded the Certificate of Achievement for Excellence in Financial Reporting.

Effective January 1, 2023, eligible MSRS retirees and other benefit recipients will receive a post-retirement pension benefit increase.

Jill Schurtz to serve as the board’s Executive Director and Chief Investment Officer.The Board thanks Mansco Perry III for many years of successful state service.

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.