Managerial Plan Retirement Plans

A summary of the available Managerial Plan Retirement Plans

MSRS - General Plan

Plan Administrator MN State Retirement System
Plan Type Defined Benefit
Participation Mandatory
Contribution Amount

Employee = 6.0 %

Employer = 6.0%

Deferred Compensation Plan 457 - MNDCP

Plan Administrator MN State Retirement System
Participation Voluntary
Contribution Amount

$10 minimum up to 100% of taxable income not to exceed $19,500; $26,000 for age 50+

Eligible for Voluntary State Matching

* Yes up to $300 per fiscal year or vacation conversion after six months in Managerial Plan

Leave Conversion * Yes. May elect either state match or vacation conversion each fiscal year. Vacation Conversion: up to 50 hours vacation once per fiscal year (1 hour for each 2 hours used in previous fiscal year).
* May be limited to fiscal years covered by bargaining agreement.
Changing Contributions (Instructions for adding, changing, or stopping contributions to your Deferred Compensation (457) Plan in Self Service.)

Tax Sheltered Annuity 403(b) - (TSA)

Plan Administrator TIAA
Participation Voluntary
Contribution Amount Up to 100% of taxable income not to exceed $19,500 per calendar year; $26,000 for age 50+
Eligible for Voluntary State Matching No
Leave Conversion No
Changing Contributions (Instructions for adding, changing, or stopping contributions to your Tax-Sheltered Annuity (403b) in Self Service.)
How to Enroll in TSA

For more specific informaiton, forms and other information avaliable for current employees log in here.