I Wish This Group Was Around When I Was Applying And Working For The State Of Minnesota
As posted above, I wish this group was around when I was applying and working for the State of Minnesota. It would have helped me understand things a bit more.
My story is I performed city/county work until my first retirement at the end of 2010. I retired at age 50 when the county offered a buy out. I took advantage of that and started annuity payments under MN PERA.
I worked a couple of private sector jobs until snagging a job with a second defined pension plan in about September 2011. I worked there for over 6 years and took a second retirement in 2018.
I left when I took a job at the State of Minnesota. I worked for a few different organizations that contribute to MSRS. I retired about a year and a half ago.
Many of the posts that I read here I can relate to.
While you certainly won't get rich performing most of the jobs at the State of Minnesota, there really aren't that many places that still have Defined Benefit pension plans. I thank my stars everyday that I get a monthly annuity from PERA, the Fed and MSRS. I haven't started drawing from Social Security, yet, but in about 4 years I will start drawing that. I haven't started drawing from my IRA, yet, but I am watching it grow.