Retirement Savings

Retirement can seem a long way off, but saving while you work is important for your long-term wellbeing.

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Primary Retirement Plans

Benefits-eligible employees are automatically enrolled into a primary retirement plan based on their employee group:

FRP - UMN Faculty Retirement Plan logo

Faculty Retirement Plan: For Faculty and P&A Staff

Faculty and P&A are invested in a defined contribution plan known as a 401(a) plan administered by Securian Retirement Services. Learn more about plan eligibility, performance, and the Senate Committee on Faculty Affairs Retirement Subcommittee.

MSRS - Minnesota State Retirement System logo

Minnesota State Retirement System (MSRS): For Civil Service and Labor-Represented Staff

This is a defined benefit savings plan, commonly known as a pension, provides a monthly benefit for life. Eligible employees are automatically enrolled starting the first day of employment. Learn more about the General Plan by visiting the MSRS site or watching a short video.

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Save More through Voluntary Retirement Plans for All

Faculty and staff can save additional money for retirement through the University through a voluntary plan. Save as little as $200 a year and build your retirement savings over time. Watch this short video to learn more about both plan options:

You can invest in one or both plans:

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Webinar and Seminar Videos and Handouts

Pre-Retirement Planning Seminars were held in spring of 2017 and links to the videos and presentation handouts are provided below.

  • "Required Minimum Distributions (RMDs)," presented by Diane Ellis, Securian Retirement (video, pdf)
  • "Estate Planning," presented by Edward Tully, Gray Plant Mooty (video, pdf)
  • "Supplemental Medical, Dental, and Life Insurance," presented by Melinda Soderberg, Total Compensation, Office of Human Resources (video, pdf)

Free webinars on a range of personal finance topics were held during National Retirement Security Week in 2016 for all employees. Recordings of three sessions are available to view anytime:

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Retirement Plan Annual Reports

Learn more about the primary and voluntary retirement plans offered at the University and their performance. 

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More Retirement Resources

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Looking for Help?

  • Call the Benefits Contact Center at 4-UOHR (612-624-8647 or 800-756-2363) and talk to a counselor.
  • Faculty Retirement Plan participants can contact Securian Retirement Services at 651-665-3670 or 800-421-3334 and talk with a representative or plan a face-to-face meeting.
  • Minnesota State Retirement System participants can call 651-296-2761 or 800-657-5757.