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Dear MRSEA Members-
On February 1, 2011, the Executive Directors of Minnesota’s largest retirement funds (MSRS, PERA and TRA) held a meeting to discuss the Defined Benefit vs. Defined Contribution retirement plans. As part of the discussion (the Benefit Design Study document) was distributed to those in attendance. We think you will find it interesting as it reflects the continued funding improvement of our MSRS investment returns.
More good news, the first quarter (July 1, 2010 through September 30, 2010) investment returns were 15.2% and the first six months (July 1, 2010 through December 31, 2010 were 16%.
Sincerely,
Peter Obermeyer
Legislative Committee Chair-MRSEA
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MRSEA
The Minnesota Retired State Employees Association (MRSEA) was formed in the late 1940's, and has been serving retired Minnesota state employees ever since.
We are the only organization made up of and concerned solely with retired state employees and their benefits. The Association is managed by a 15 member board of directors elected by members. We respond to needs and concerns of members. This is accomplished with newsletters, by testifying at legislative hearings, and by informing legislators and other elected officials of our concerns. Statewide general membership meetings are held each Spring and Fall. Our over 8,000 members are not only from the group normally thought of as state employees, but we also come from such diverse groups as retired state legislators, judges, highway patrol and retired employees from the University of Minnesota, metropolitan agencies and others.
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Join MRSEA
If you are retired, but not a member, we urge you to join. Contact our Business Office toll free at 1-877-487-0402, for full information about membership.
Note: We are a private nonprofit association. Please do not confuse us with the Minnesota State Retirement System - the state agency which sends us our monthly pension checks.