Retirement Benefits

State Retirement Plans

• Minnesota State Retirement Systems (MSRS)

  • State pension plan for classified employees including Council 6, MAPE, MNA, MMA, and some unclassified administrators
  • Minnesota State Retirement System
    60 Empire Drive, Suite 300, St. Paul, MN 55103-3000
    Telephone: (651) 296-2761, Toll Free: (800) 657-5757
    Fax: (651) 297-5238
    

• Individual Retirement Account Plan (IRAP)

  • Defined contribution plan for faculty, MSUAASF and MNSCU administrators

• Teachers Retirement Association (TRA)

  • Defined benefit plan for faculty and MSUAASF

• Supplemental Retirement Plan (SRP)

  • Defined contribution plan for faculty, MSUAASF and MnSCU administrators who are in their 3rd year of employment Percentage and maximum contributions are determined by the individual collective bargaining agreements.

Voluntary Retirement Plans

• Deferred Compensation Plan (457):

  • Voluntary deferred tax retirement plan for employees through payroll deduction
  • TIAA-CREF 403(b) Product

• Tax Sheltered Annuity (403b or TSA)

  • Voluntary tax sheltered annuity plan for employees through payroll deduction

Retirement Forms

• MNDCP Application for Changing Salary Deferral
• MSRS Forms
• TIAA-CREF 403b Website
• TRA Forms
• Vacation Conversion to 403b
• Selection of Deferred Compensation Option
• IRAP/SRP/TSA/Roth TSA Online Registration

TIAA-Cref

• TIAA-Cref IRAP-SRP Enrollment Instructions
• TIAA-Cref TSA Enrollment Instructions
• Weathering Volatile Financial Times
• TIAA-CREF Video - Investing in Troubled Times
• TIAA-CREF Lifecycle Funds Q & A
  

Retirement Resources

• MnSCU Retirement Plans (Eligibility, Contribution Rates, and Plan Types)
• MnSCU Retirement Resource