HR Update

Merit Pay Increases Require Wage Change Notices

In preparation for the Board of Regents' potential approval of the FY24 operating budget, including the recommended merit increase budget, units should plan to provide employees who receive pay increases with a wage change notice. Minnesota law requires employers to provide written notice to employees when their salary or pay rate changes. These instructions provide options for units on how to do this. 

Wage change notices should not be sent to employees until the Board of Regents approves the fiscal year 2024 operating budget and pay increase decisions are final.

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Employee contributions to Minnesota State Retirement System (MSRS) reduced for two years and the vesting period changed from five to three years.

Learn about changes to employee contributions and the vesting period for the MSRS pension plan.

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