Deductions on the 3rd Paycheck of a Month – June 30, 2023

Periodically, there are three paychecks in a month rather than the normal two. Today, Friday, June 30th is the third paycheck for June.  On the third paycheck of the month, you do not see all the deductions typically taken in a pay period. The following deductions are not taken on the third paycheck: Medical Insurance Dental Insurance Vision Insurance Life […]

Upcoming Changes to Retirement Plan Contribution Rates

MMB (Minnesota Management and Budget) announced that there will be some upcoming changes to the mandatory retirement plan contribution rates for IRAP, TRA, and MSRS. Due to these changes in rates, you may notice a change in your net pay. Please see the summary of changes for each retirement plan below. Summary of Changes: TIAA – Individual Retirement Account Plan […]

MSUM New Hires

MSUM New Hires Please join us in welcoming the following new employees to Minnesota State University Moorhead!  Make sure to say hello and let them know It’s a GREAT day to be a Dragon!! Start Date:  06/26/2023 Ashleigh Vogel – Infuse Grant Project Manager Psychology Start Date:  06/26/2023 Dylan Schmit – Assistant Women’s Basketball Coach Athletics

MSUM New Hires 06.21.23

MSUM New Hires   Please join us in welcoming the following new employees to Minnesota State University Moorhead!  Make sure to say hello and let them know It’s a GREAT day to be a Dragon!!   Start Date:  06/12/2023 Brock Ellingson – Head Women’s Golf Coach Athletics   Start Date:  06/15/2023 Jade Lawrence – Assistant Football Coach Athletics   Start […]

TRA Introductory Resources

Minnesota TRA, is a defined benefit plan (401(a)), which upon retirement, provides you with a monthly benefit for your life based on a formula that includes your final high-five average salary, years of allowable teaching service and age at retirement. TRA requires a minimum of three years participation for vesting (part-time employment is pro-rated service credit) and provides a guaranteed […]