MSRS Fall Messenger 2020

Minnesota State Retirement System sent this bulletin at 10/20/2020 10:00 AM CDT

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FALL 2020

 
Decorative Banner that reads A Newsletter from the Minnesota State Retirement System Fall 2020

THANK YOU Minnesota State Employees
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As public employees, you have dedicated most, if not all, of your careers working hard to improve the lives of Minnesotans. That has become even more evident during this unprecedented time. When the time arrives for you to complete your career, you fully deserve to retire with peace of mind and excitement for a future with all the new opportunities it holds. MSRS remains committed to ensuring that our public employees have this ability to retire with ease and comfort.

There are several ways we can assist you with your retirement plan when we can’t meet in-person:

• Call MSRS at 651.296.2761 or 1.800.657.5757 Monday - Friday, 8 a.m. to 4:30 p.m.

• Schedule a phone appointment or Zoom meeting on the MSRS website by completing and submitting a Request an Appointment form. A representative will call you on the date and time you indicate on the form.

• Complete the Contact Us form on the MSRS website to email us general questions. Do not include any private data in this request form.
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Plan for Retirement Today!

Attend a free, half-day retirement planning seminar online sponsored by MSRS. Learn more about your retirement options and get your questions answered.

RETIREMENT SEMINAR TOPICS

  • Pension retirement income & survivor options to pass on your pension
  • Health Care Savings Plan (HCSP) overview & how to access your account
  • Minnesota Deferred Compensation Plan (MNDCP) retirement income options
  • State Employee Group Insurance Program (SEGIP) retiree insurance
  • Social Security retirement benefits

SIGN-UP
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Review Your Health Care Savings Plan Investments

The MSRS Health Care Savings Plan (HCSP) was established in 2001. Many current state employees have an account balance in the plan. Contributions to your HCSP are automatically invested in the Money Market Fund. You have the flexibility to change your investment allocation or transfer the existing account balance at any time.

Consider choosing a mix of funds (stocks, bonds and cash alternatives) based on your
risk tolerance and the amount of time you have to save before you end employment. Diversification may help manage risks associated with investing, but it does not
ensure a profit nor protect against loss in declining markets.

You can transfer all or a portion of your existing account balance among any of the investment options offered by the plan. The HCSP Investment Performance Report and your  HCSP Investment Options, including fee information, is available on our website.

Review your investment selections regularly. An investment allocation that meets your needs today may not necessarily be appropriate for you in the future.

Two Ways to Change HCSP Investments:

Log into your account: www.msrs.state.mn.us
Contact an MSRS representative: 1.800.657.5757 or 651.296.2761

MSRS Receives GFOA Awards

Front covers of the MSRS Annual & Popular Financial reports for 2019 horizontal format

The Government Finance Officers Association (GFOA) has awarded to MSRS the Certificate of Achievement for Excellence in Financial Reporting for the 2019 Comprehensive Annual Financial Report (CAFR) and the award for Outstanding Achievement in Popular Annual Financial Reporting (PAFR).

These are the highest form of recognition in the area of governmental account and financial reporting, and its attainment represents a significant accomplishment by a government and its management.