HR Update

Minnesota State Retirement System (MSRS) Updates

Due to recent Minnesota state legislation, a $34 million appropriation to the Minnesota State Retirement System (MSRS) pension plan will reduce employee contributions from 6% to 5.5% for two years (July 1, 2023–June 30, 2025). Employer contributions will remain at 6.25%. 

The first paycheck that will be affected by this change will be July 26, 2023. 

Additionally, the vesting period will change from five years to three years for any Civil Service or Labor-represented employees who are active as of July 1, 2023, or hired after this date.

Learn more on the MSRS website (under “General Plan/Unclassified Plan”) and contact MSRS directly with any questions.
 

All HR Updates
Shift/Click to select multiple categories

January 15 Deadline for GA pay changes.

To align with state law, the University revised how employees can use ESST.

The meeting will review and act on the ratified collective bargaining agreement between the Graduate Labor Union-United, Electrical, Radio and Machine Workers of America (GLU-UE) and the University.

Prepare for tax season by making sure your information is correct.

In rare cases, employees may start their appointment prior to the completion of a background check.