|Financial Audit Division Report 06-24||Released August 10, 2006|
The Minnesota State Retirement System administers six defined benefit retirement plans and three defined contribution plans:
The plans cover most state government and University of Minnesota employees and selected public-service organizations. The deferred compensation plan is available to state employees and other public employees throughout the state.
At June 30, 2005, the Minnesota State Retirement System’s total net assets (including the deferred compensation plan) were $11.8 billion. For the year ended June 30, 2005, MSRS received contributions of about $459 million and paid benefits and refunds of about $598 million.