News & Announcements

Learn more about Provision 603 of the SECURE 2.0 Act that requires all age-based contributions to 457(b), 403(b) or 401(k) retirement plans be made on a Roth basis for all employees whose wages for the preceding calendar year exceed $150,000 (indexed for inflation).

The Minnesota State Retirement System (MSRS) is pleased to announce the selection of Voya Financial® (Voya) as our new recordkeeper.

We will be transitioning from Empower Retirement™ to Voya on July 1, 2025.

The Internal Revenue Service (IRS) announced new contributions limits for 457(b), 401(k), and 403(b) retirement plans for calendar year 2026.

The MSRS DULUTH office has moved.

MSRS is pleased to announce lower costs in its retirement plan accounts effective at the end of October 2024.

Learn more about some of the provisions of the SECURE 2.0 Act. 

We are pleased to announce the cost of the Target Retirement Funds will decrease effective, February 1, 2021.

In an abundance of caution, employers are encouraged to file a Form 1094/1095 to report months in which a retired or inactive employee had an HCSP account balance.

MSRS, as the plan sponsor of the Health Care Savings Plan (HCSP), is responsible for paying the PCORI fee and filing IRS form 720.

Recent guidance provided by the Internal Revenue Service (IRS), Treasury Department, has prompted MSRS to change the definition of a "rehired employee" for the purpose of an HCSP participant's eligibility to request reimbursements.