MGEC Retirement Plans

A summary of the available MGEC Retirement Plans

Review the Minnesota State Mandatory and Voluntary Retirement Plan Brochure

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MSRS - General Plan

Plan Administrator	MSRS
Plan Type	Defined Benefit
Participation	Mandatory
Contribution Amount	See The Minnesota State Mandatory and Voluntary Retirement Plan Brochure for Employee and Employer Contribution Amounts

Deferred Compensation Plan 457 - MNDCP

Plan Administrator	MSRS
Participation	Voluntary
Contribution Amount	See The Minnesota State Mandatory and Voluntary Retirement Plan Brochure for Employee and Employer Contribution Amounts
Eligible for Voluntary State Matching	* See your Bargaining Agreement for your fiscal year match
Leave Conversion	* Yes. May convert up to 40 hours comp time once per fiscal year.

Changing Contributions (Instructions for adding, changing, or stopping contributions to your Deferred Compensation (457) Plan in Self Service.)

* May be limited to fiscal years covered by bargaining agreement.

 

Tax Sheltered Annuity 403(b) - (TSA)

Plan Administrator	TIAA
Participation	Voluntary
Contribution Amount	See The Minnesota State Mandatory and Voluntary Retirement Plan Brochure for Employee and Employer Contribution Amounts
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 information, forms and other information available for current employees.