The MN State Retirement System (MSRS) is a government-administered retirement plan in Duluth, MN. They provide pension plans, including the General Plan, Correctional Plan, State Patrol Plan, Judges Plan, Unclassified Plan, and Legislators Plan, among others. Participants who received a distribution from an MSRS-administered plan in 2023 will receive tax documents by January 31 to report the distribution amount and tax withholding. They also offer retirement planning resources, such as benefit estimates, retirement checklists, and retirement brochures.
In addition to pension plans, MSRS also administers the Minnesota Deferred Compensation Plan (MNDCP) and the Health Care Savings Plan (HCSP). MNDCP allows participants to contribute to retirement savings through 457b, 401k, and 403b plans, while HCSP provides options for healthcare savings. MSRS offers educational opportunities through webinars and seminars to help participants understand the benefits and features of their retirement plans. They have multiple locations in St. Paul, Detroit Lakes, Duluth, Mankato, and St. Cloud.
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