Minnesota Agencies

The Board of directors establishes rules and regulations for the administration of the Minnesota State Retirement System and Minnesota Deferred Compensation Plan and the Health Care Savings Plan; approves agency budget; handles covered employee appeals.

The Minnesota State Employees Retirement Association was established by the legislature in 1929 (Laws 1929 c191) to provide retirement and disability benefits for state employees, and survivor benefits for their dependents. Legislation in 1967 (Ex. Sess. Laws 1967 c57 s8) established the Minnesota State Retirement System as a continuation of the association. The system now (1986) administers separate retirement programs for state employees, correctional employees, unclassified employees, legislators, elective officers, the judicial system, and the state troopers fund (which includes state troopers, conservation officers, and crime bureau personnel). It also administers a deferred compensation plan. Sources: Laws of Minnesota; Minnesota guidebook to state agency services, 1984-1985.

MSRS is governed by an 11 member board of directors: 3 members appointed by the Governor; 5 members elected by the membership at large; 3 members representing the State Patrol Plan, Correctional Plan and Metropolitan Council Transit Operations.