Benefits Administration

Public Service Center
250 4th Street S., Room 100
Minneapolis, MN 55415
(612) 673-3333
benefits@minneapolismn.gov
 

Saving For Retirement


City of Minneapolis employees have access to a variety of resources to help financially prepare for retirement:
 

MSRS Deferred Compensation Plan

The Minnesota State Deferred Compensation Plan allows eligible employees to accumulate additional retirement savings on a tax-favored basis through automatic payroll deductions. 

Pension Plan

Most City employees are automatically enrolled in the Public Employees Retirement Association (PERA). This retirement plan provides pension, disability, and survivor benefits. You and your employer both contribute a percentage of your pay to fund future benefits. Contribution percentages are determined by Minnesota law. Closed Pension Plans and Supplemental Union Pension Plans may also be available.

Health Care Savings Plan

The Health Care Savings Plan allows eligible employees to save money, tax-free, to pay for eligible health care expenses. Eligibility and contribution amounts are determined by your employee group.
 

 

Last updated Sep 3, 2013