Retirement Plans

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

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

MGEC Plans

MSRS - General Plan (Click for web site)
Plan Administrator:	MN State Retirement System
Plan Type:	Defined Benefit
Participation:	Mandatory
Contribution Amount:	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 $18,500; $24,500 for age 50+
Eligible for Voluntary State Matching:	* Yes up to $300 per fiscal year
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) (Click for web site)
Plan Administrator:	TIAA (click for web site)
Participation:	Voluntary
Contribution Amount:	Up to 100% of taxable income not to exceed $18,000 per calendar year; $24,000 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.