shortcut to content

Minnesota State University, Mankato

Minnesota State University, Mankato

Retirement Plans

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

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

MMA 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%
Effective July, 2014: Employee = 5.5%, Employer = 5.5%
Deferred Compensation Plan 457 - MNDCP (Click for web site)
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. Employees at top step of salary grid may elect either state match or vacation conversion.
Leave Conversion: * Only employees at top step of salary grid may elect to convert up to 40 hours of vacation (1 hour for each 3 hours used in previous fiscal year). All employees 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) (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.