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Minnesota State University, Mankato

Minnesota State University, Mankato

Retirement Plans

Page address: http://www.mnsu.edu/hr/benefits/retirement/index.php?id=commissioners_ret

To view the available retirement plans, click the applicable contract from the list on the left.

Commissioner's Plans
MSRS - General Plan (Click for web site)
Plan Administrator: MN State Retirement System
Plan Type: Defined Benefit
Participation: Mandatory
Contribution Amount: Employee = 5% Employer = 5%
Deferred Compensation Plan 457 - MNDCP (Click for website)
Plan Administrator: MN State Retirement System
Participation: Voluntary
Contribution Amount: $10 minimum up to 100% of taxable income not to exceed $17,500; $23,000 for age 50+
Eligible for Voluntary State Matching: * Yes up to $300 per fiscal year or vacation conversion after six months in Commissioner's Plan
Leave Conversion: * Yes. May elect either state match or vacation conversion each fiscal year. Vacation Conversion: up to 40 hours vacation once per fiscal year (1 hour for each 2 hours used in previous fiscal year). Convert up to 40 hours comp time once per 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) (Click for web site)
Plan Administrator: TIAA-CREF (click for web site)
Participation:Voluntary
Contribution Amount: Up to 100% of taxable income not to exceed $17,500 per calendar year; $23,000 for age 50+
Eligible for Voluntary State Matching: No
Leave Conversion: No

Changing Contributions (Instructions For Changing Contributions to your Tax-Sheltered Annuity (403b) in Self Service.)

NOTE: The data provided in these pages is for informational purposes only and is subject to change.