Employment at WSU includes a combination of mandatory and voluntary retirement plan options. We encourage employees to review the full array of opportunities and to become actively involved in planning for your future throughout your career.
Mandatory Retirement Plans
IFO, ASF & Administrators
Unclassified employees (.25 FTE and above) participate in either the Individual Retirement Account Plan (IRAP) or Teacher Retirement Association (TRA). Full-time employees also participate in the Supplemental Retirement Plan (SRP) after completion of two years of employment. New employees have one year to review the provisions of the IRAP and TRA plans to determine retirement plan choice.
Contact Human Resources for the TRA election form.
AFSCME, MAPE, MMA, MNA, Commissioner's Plan, Managerial Plan
Classified employees participate in the Minnesota State Retirement System (MSRS) General Plan which is a defined benefit plan with all investments managed by the State Board of Investment. MSRS requires a vesting period and provides a guaranteed lifetime annuity to eligible retirees.
Voluntary Retirement Plans
Preparing to Retire
As your retirement plans take shape, you have resources available to you to assist in a smooth transition.
WSU Human Resources Department (HR)
Review the Preparing for Retirement checklist and schedule a one-on-one meeting with Human Resources to discuss your eligibility for retirement and the retirement process. Within 6-8 weeks of your retirement date HR will also meet with you to complete retiree insurance forms.
WSU Retiree Center
Attend a Pathways to Retirement event and discover the opportunities and privileges available to WSU retirees. View the WSU retiree events calendar online.
Retirement Plan Administrator(s)
Meet with your retirement plan administrator(s) about your retirement account. You may have additional retirement plans to contact as well based on individual investing and/or previous employment.
1-800-682-8969 or http://www.tiaa-cref.org/mnscu
State Employee Group Insurance Program (SEGIP)
The State of Minnesota offers options for continuing your insurance coverages upon retirement to eligible State retirees. Here you will find information about planning for retirement, electing your retirement benefits, and maintaining your retiree coverages on the SEGIP website.
Contact the Social Security Administration if you are planning to apply for Social Security benefits.
Contact Medicare for information about applying for benefits if you are approaching age 65 or are over the age of 65.