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 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
Help Managing Election Stress

Learn research-backed strategies for managing difficult emotions around the election with experts from the University’s Employee Assistance Program (EAP). 

Background Check Best Practices

Get background check invitations out quickly to avoid delays.

New Employee Orientation Meetings

Represented employees are expected to attend orientation.

Fidelity Investments to Require Multi-Factor Authentication

Multi-factor authentication adds extra login security to your NetBenefits® account.

New Preventing Sexual Misconduct and Discrimination Coming in March 2025

New training will be mandatory for all employees.