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Minnesota State Retirement System Salary

Minnesota State Retirement System Salary

How much does the Minnesota State Retirement System Pay for employees?

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As of September 2026, the average annual salary for employees at Minnesota State Retirement System in the United States is $101,039. This translates to an approximate hourly wage of $49. Salaries at Minnesota State Retirement System typically range from $88,877 to $114,306 annually, reflecting the diverse roles and experience levels within the company. Minnesota State Retirement System’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Minnesota State Retirement System Pay for Different Roles?

Explore detailed salary information for specific jobs at Minnesota State Retirement System. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Minnesota State Retirement System

Ready for your next career move? Explore current job openings at Minnesota State Retirement System. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Minnesota State Retirement System’s Pay Competitive? Salary Benchmarking Analysis

How does Minnesota State Retirement System’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Minnesota State Retirement System
Insurance
Teachers Retirement Association
InsuranceLeads
Industry Comparison
Our data shows that, on average, compensation at Minnesota State Retirement System is below the average for the U.S. Insurance industry by approximately 18%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Minnesota State Retirement System average annual salary with several similar companies. Minnesota State Retirement System average salary of $101,039 is higher than Teachers Retirement Association, which has an average salary of $99,974. It is lower than InsuranceLeads, with their average salary at $108,033. This places Minnesota State Retirement System in a mid-range position among its peers.
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How Minnesota State Retirement System's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Minnesota State Retirement System. Click a company name to learn more.

Employee Reviews: Working at Minnesota State Retirement System

Considering a career at Minnesota State Retirement System? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Working here has been fulfilling—great leadership and a strong team spirit. Additionally, the company hosts occasional social events, which help build strong relationships among staff. The company offers a positive work environment with strong team dynamics. I’ve enjoyed my time here and would recommend it to others. The insurance sector is competitive, but this company stands out for its employee...
Commented in May 22, 2025
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The hybrid work model is well-structured and effective. The team is professional, and communication is effective. The leadership team is transparent about company goals, making employees feel valued. I’ve had a very positive experience here. Benefits are standard. Colleagues are supportive, making teamwork seamless. Colleagues are respectful and easy to work with. The company offers competitive be...
Commented in August 21, 2024
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The insurance industry is complex, but the training programs prepare us well. For those in the insurance field, this is a great employer to consider. There are occasional team-building activities, which add a nice touch. I’ve gained valuable skills here, and the company’s reputation in the insurance sector is strong.
Commented in March 11, 2024
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Minnesota State Retirement System Overview

Website
www.msrs.us
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
11 Civic Center Plz Mankato Minnesota MN 56001
Revenue
$10 Million - $50 Million
Phone Number
+1 6512962761
Social Media
About Minnesota State Retirement System
Minnesota State Retirement System is a company that operates in the Information Technology and Services industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in Mankato, Minnesota.

What Benefits Does Minnesota State Retirement System Offer Beyond Salary?

A competitive compensation package is more than just a salary. Minnesota State Retirement System offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Minnesota State Retirement System.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Minnesota State Retirement System, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Minnesota State Retirement System salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Minnesota State Retirement System

1. How much does Minnesota State Retirement System in the United States pay?

Minnesota State Retirement System pays its employees an average of $101,039 per year. The average salary at Minnesota State Retirement System range from $88,877 to $114,306 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do Minnesota State Retirement System employees get a higher salary than its peer company?

The salary at Minnesota State Retirement System is higher than its peer company. The average annual salary at Minnesota State Retirement System is $101,039, or an hourly wage of $49, in comparison to Teachers Retirement Association which pays $99,974 per year or $48 per hour.

3. What are the highest paying jobs at Minnesota State Retirement System?

The higher-paying job at Minnesota State Retirement System, according to our data, include President (avg. $782,133 per year), Chief Information Security Officer (avg. $225,700 per year), and Accounting Officer (avg. $224,302 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Minnesota State Retirement System?

Salary progression with years of experience at Minnesota State Retirement System is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Minnesota State Retirement System vary by office location?

Yes, it's very likely that salaries at Minnesota State Retirement System vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Minneapolis section provides more context.

6. Does Minnesota State Retirement System offer good benefits?

Minnesota State Retirement System typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Minnesota State Retirement System" section on this page.

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