Minnesota Administrative Rules Agency 179 - Minnesota State Retirement System
Here’s a detailed overview of Agency 179 – Minnesota State Retirement System (MSRS) under the Minnesota Administrative Rules:
🏛️ Agency & Chapters
Agency 179 governs MSRS rulemaking under two main chapters:
Chapter 7900 – PROCEDURES
Chapter 7905 – DEFERRED COMPENSATION PLAN (Parts 7905.0100 to 7905.3000) (revisor.mn.gov, law.cornell.edu)
📘 Chapter 7900 – Procedures
This chapter outlines the internal procedures and governance framework for MSRS, including:
Election of Board of Directors:
Part 7900.0200 – State employee member
Part 7900.0300 – State Patrol fund member
Part 7900.0400 – Retired state employee member
Part 7900.0410 – Correctional employee plan member (law.cornell.edu)
Board elections: Schedule, voter eligibility, nominations, ballots, and certification processes.
Administrative operations: Complaint handling, rule adoption, hearings, and procedural guidelines.
📈 Chapter 7905 – Deferred Compensation Plan
This chapter governs the Minnesota Deferred Compensation Plan (MNDCP), a supplemental retirement saving program available to public employees. Key sections include:
7905.0100 – Definitions and scope of the plan
7905.0200–.0500 – Eligibility, enrollment, and contribution rules
7905.0600–.1000 – Investment options, provider standards, and performance requirements
7905.1100–.3000 – Distribution rules, plan amendments, withdrawals, loans, and compliance provisions (msrs.state.mn.us)
🛠 MSRS Overview & Plans
Although not part of the administrative rules, it's helpful to know MSRS manages multiple plans:
General Plan: Defined-benefit plan for state, university, Metropolitan Council, and others (msrs.state.mn.us).
Contributions: 6% employee, 6.25% employer (with temporary reduction in recent years) (msrs.state.mn.us).
Vesting depends on hire date, typically 3–5 years; retirement age generally 66, early reduced benefits from 55 (msrs.state.mn.us).
Unclassified Plan: Defined-contribution plan with lifetime benefit conversion; immediate vesting; retirement possible at 55 (msrs.state.mn.us).
Legislators Plan: Mandatory for legislators elected before July 1997; 9% contribution; vesting at six years; full retirement at 62 (msrs.state.mn.us).
Health Care Savings Plan (HCSP) and Deferred Compensation Plan (MNDCP): Managed under related rules and overseen by MSRS (msrs.state.mn.us).
🔍 Accessing the Rules
You can review the complete rule texts directly from the Minnesota Revisor of Statutes site:
Agency 179 pages: Chapters 7900 and 7905 (revisor.mn.gov)
Just select the relevant chapter or part to view the detailed content.
✅ Next Steps
Let me know if you'd like to dive deeper into:
Board election process (Chapter 7900 parts).
Deferred compensation details (investment rules, withdrawal penalties).
Vesting, retirement formulas, or eligibility for any MSRS plan.
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