2016 State of MN Retiree Coordinated Plan Certificate - mn-2026

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Steps to apply for a monthly retirement benefit Determine your retirement date. Contact MSRS. Contact other plan providers. Fill out forms. Collect your documents. Submit forms and documents to MSRS. Receive first payment.
On July 1, 2024, the retirement age for TRA and SPTRFA was lowered from age 66 to age 65, improving the benefit formula and shifting all penalties down a year. For example, if a TRA Tier 2 member draws their pension at age 62 with 30 years of service, the penalty is lowered from 14.46% to 10.4%.
Blue Cross and Blue Shield of Minnesota Pension Plan is a defined benefit plan that provides for retirement, disability, and death benefits. It is headquartered in Saint Paul, Minnesota. Blue Cross and Blue Shield of Minnesota is a nonprofit, taxable organization whose goal is to improve peoples lives.

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The normal retirement age is 65 for most people who started public employment before July 1, 1989, and 66 for most people who started on or after that date. However, members may choose to receive a reduced level of benefits at age 55.
In 1983, Congress increased the full retirement age (FRA) from 65 to 67, a change phased in over the course of 33 years. For individuals who docHub age 62 in 2022 or later, the FRA is now static at age 67. But experts predict that average U.S. life expectancy will continue to increase, as shown in Figure 1.

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