Minnesota State SRP

Minnesota State offers this plan as part of workplace benefits. Now is a great time to understand what is offered - think about taking advantage of any opportunities to save and invest for the future. 
Learn what plans allow eligible employees to do.
An employee enrolled in the Supplemental Retirement Plan (SRP) is required to make contributions to the Plan through payroll deduction.

Deductions are taken at a rate of 5% on gross compensation in excess of $6,000 but limited to the maximum set by the employee's bargaining unit or personnel policy. The amount of SRP contribution required for employees is specified in their bargaining agreement or personnel policy.

Contributions are deducted from each paycheck on a pretax basis and deposited in the Plan. The contributions are subject to Social Security tax, so the participant's future Social Security benefits are not reduced by participation in the Plan.

A participant who is currently employed and has employee SRP contributions deducted from their pay receives MnSCU matching contributions. MnSCU makes a contribution equal to 100% of the employee's contributions to the SRP.
Contributions to this account will be 100% vested immediately.

Learn which mutual funds and other investments are available

You can enroll now

Enroll or make changes in your plan(s) today