|Financial Audit Division Report 08-03||Released February 22, 2008|
MSRS administers six defined benefit retirement plans and four 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, 2007, MSRS’s total net assets were approximately $15.2 billion. For the year ended June 30, 2007, MSRS received contributions of about $515 million and paid benefits and refunds of about $726 million.