Saving for retirement

This page explains the different resources City of Minneapolis employees have to prepare for retirement.

Deferred compensation plan


The Minnesota State Retirement System (MSRS) deferred compensation plan allows eligible employees to accumulate additional retirement savings on a tax-favored basis through automatic payroll deductions.

Go to the deferred compensation plan page 

Pension plan

Most City employees are automatically enrolled in 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.

Go to the pension plan page

Health care savings plan

The health care savings plan (HCSP) 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.

Go to the health care savings plan page


Contact us

Benefits Administration

Human Resources






City Hall
350 S. Fifth St., Room 1
Minneapolis, MN 55415