Retirement Plans

State Retirement Plans:

Minnesota State Retirement Systems (MSRS)
State pension plan for classified employees including Council 6, MAPE, MNA, MMA, and some unclassified administrators

 

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.
For more information, please contact HR staff.

 

 

Voluntary Retirement Plans:

Deferred Compensation Plan (457):

Voluntary deferred tax retirement plan for employees through payroll deduction

              - TIAA-CREF 403(b) Product

              - Take Advantage of the Tax Credit

 

Tax Sheltered Annuity (403b or TSA)
Voluntary tax sheltered annuity plan for employees through payroll deduction

 

 

Retirement Resources

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

MnSCU Retirement Resource
Summary
Comparison 457 and 403b
Retirement Links
Streaming Video Presentation (Faculty and MSUAASF employees)

 

TIAA-Cref: How to Enroll

TIAA-Cref IRAP-SRP Enrollment Instructions

TIAA-Cref TSA Enrollment Instructions

 

TIAA-Cref: Tips & Tools

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