News & Announcements

Three MSRS Board of Directors positions are currently open: two for the General and Unclassified Retirement Plans; one for the State Patrol Retirement Plan.

The 2017 tax statements will be mailed to plan participants by January 31, 2018.

The Internal Revenue Service (IRS) announced new contributions limits for 457(b), 401(k), and 403(b) retirement plans for calendar year 2018.

Effective January 1, 2018, eligible MSRS retirees and other benefit recipients will receive a 2% post-retirement pension benefit increase. Exceptions: Retirees covered under the State Patrol Retirement Plan will receive a 1% increase. Retired judges will receive a 1.75% increase.

MSRS is currently seeking candidates to fill three upcoming vacancies on the Board of Directors: State Patrol Retirement Plan (1 position) General Employees Retirement Plan and Unclassified Retirement Plan (2 positions) The deadline to apply is Sept 29, 2017.

An article published by Bloomberg News uses numbers reported under the Governmental Accounting Standards Board (GASB) rules to paint incomplete picture of the financial health of Minnesota’s public pension plans.

Currently, there is a vacancy on the MSRS Board of Directors for a representative of the Correctional Retirement Plan. This vacancy is due to the resignation of the current incumbent.

Governor Mark Dayton vetoed special session S.F. 3 on Tuesday, May 30, 2017. This bill contained the contents of the 2017 Omnibus Retirement Bill passed by the Legislative Commission on Pensions and Retirement (LCPR).

Bankrate.com released its ranking of the best and worst states to live in retirement, putting Minnesota in the number 5 spot.

The 2017 tax statements will be mailed to plan participants by Jan 31, 2018.