MSRS Form Update


After the previous message about the MSRA form for Civil Service and Bargaining Unit employees was sent out, central HR received a number of questions as to where the form should be sent.  The form is to be sent to Employee Benefits and the address is included in the information below.  Employee Benefits staff verifies the data on the form and then sends the form to MSRS.

***An important reminder from Employee Benefits***

When a new employee is hired with a civil service or non-faculty bargaining unit appointment, the person is required to fill out the Minnesota State Retirement System (MSRS) form.  The first part of the form is filled out by the employing department and the second part of the form is filled out by the employee.  Once the form is filled out, it should be sent to:
Employee Benefits
Room 100 Donhowe Building
3122

The form is available on the Office of Human Resources web site by clicking on Forms at the top of the home page.  The direct link is:

http://policy.umn.edu/categories/hr/form/emp_info.pdf

Civil Service and non-faculty bargaining unit employees are covered by MSRS. Participation is mandatory and begins from the first day of employment -- there is no waiting period. Retirement deductions are 5 percent of total salary and are paid into the Retirement Fund. This money is credited to the employee's individual MSRS account and is tax sheltered from both federal and state income tax. The employer contribution -- also 5 percent of total salary -- is not credited to individual accounts. It is used to help pay the monthly annuities and benefits received from the Retirement Fund. Rates are subject to change by the Legislature.

About this Entry

This page contains a single entry by klue0054 published on June 1, 2011 3:29 PM.

CS/BU Annual Reviews-Reminder notification was the previous entry in this blog.

UPDATE ON U-CARD FEE FOR 1ST CARD USERS is the next entry in this blog.

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