Minnesota State Retirement System (MSRS) administers retirement and medical savings plans to help you save for your future.

Our mission: We empower Minnesota public employees to build a strong foundation for retirement

State Pension Plans

Mandatory Participation

A pension plan provides retirement, survivor, and disability coverage for eligible employees.

  • Monthly pension benefit will be paid for life
  • Employees and employers are required by state law to contribute a percentage of your gross salary to fund your pension
  • You must meet vesting requirements to receive a pension benefit

 

 


Available to all Minnesota state employees, as well as the Metropolitan Council and many non-faculty employees at the University of Minnesota and Minnesota State university system.

For more information, visit the Pension Plans tab above and select the pension plan you are a member. 

HCSP

Mandatory Participation

The Health Care Savings Plan (HCSP) is a tax-free medical savings account. You can access your HCSP account balance for reimbursement of eligible health care expenses incurred after you leave public employment. 

  • Participation is negotiated and agreed upon by your union
  • You direct where your contributions are invested. Choose from a variety of investment options
  • You are always 100% vested
  • Funds are available once you separate from service

 

Available to all Minnesota public employees including city, state, county, school districts and political subdivisions.



For more information, visit the HCSP tab above.

MNDCP

Voluntary Participation

The Minnesota Deferred Compensation Plan (MNDCP) enables any full, part-time or temporary employee to contribute through payroll deduction to a voluntary retirement account. It is a smart and easy way to supplement income from your pension & Social Security benefits.

  • Flexibility to increase, decrease or stop your contribution amount at any time
  • Matching dollars through your union
  • You are always 100% vested
  • Funds are available once you separate from service


Available to all Minnesota public employees including city, state, county, school districts and political subdivisions.



For more information, visit the MNDCP tab above.

We're here to help - Meet with a retirement counselor

MSRS retirement counselors are available to answer questions about your account(s) or explain plan features and benefits. To schedule a phone or Zoom virtual appointment with an MSRS Retirement Counselor, please log into your Account Online. Appointments are available weekdays between 8 a.m. and 4:00 p.m.