Defined Contribution Retirement
Minnesota State Colleges and Universities sponsors a Defined Contribution Retirement Plan (under Section 401(a) of the IRS code) as well as a Tax-Sheltered Annuity Plan (403(b)). Under Minnesota Statutes, the Minnesota State Board of Investment (SBI) is charged with selecting and monitoring all of the funds in the DCR and TSA array.
An Advisory Committee comprised of faculty and unclassified staff advises the system on the administration of these plans at quarterly meetings.
· Shawn Bjerke (M State - Moorhead), Chair
· Mark Grant (Dakota County)
· Dan Norgard (Normandale)