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
Process for Emergency Termination of Technology Access

Form allows for time sensitive removal of access.

Lesley Williams and Clare Schleichert Join ELR Team

Two senior labor relations consultants added to ELR team.

Don’t Forget to Update Your Beneficiaries

Learn about the importance of naming beneficiaries, and how to do it for each of your applicable University benefit providers.

OHR Total Rewards Receives a 2024 Excellence in Benefits Award

Senior Director of Total Rewards Mary Rohman Kuhl honored as a 2024 benefits leader. 

Beware Retirement Phishing Scams

Find out what to do if you've received a suspicious email or phone call from someone offering financial advisory services.