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
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New HR Lead for Libraries

Jessica McCann returns to the University as the HR lead for University Libraries.

HSA Investment Options Changing

HSA Bank is making changes to their investment options for HSA account holders.

Competency Architecture for HR Roles Workshop Followup

Materials are available from Competency Architecture for HR Roles Workshop.

Last Call for 2024 HR Summit Additional Attendees

Submit names for non-HR job family employees on your HR team who should be invited to the 2024 HR Summit.

Natasha Rodich Named HR Lead for Vet Med

Natasha Rodich returning to the University in early July.