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(Saint Paul MN / Hybrid)
The Minnesota Secure Choice Retirement Program Board of Directors (the “Board”) is searching for candidates interested in becoming the Program’s Interim Executive Director, who will work part-time to launch, oversee, and administer a new state-sponsored retirement savings program until an Executive Director is appointed.
The annual salary range for this position is $121,020 to $173,137. The hourly rate range is $57.96 to $82.92. Starting salary will be based on the candidate’s level of relevant experience.
The position is part-time, not to exceed 28 hours per week. This position is not eligible for benefits.
The Program is intended to benefit employees in the private sector who have no opportunity to save for retirement through an employer-sponsored retirement plan such as a 401(k) plan. Employers that do not sponsor a retirement plan for their employees are required to transmit a percentage of each employee’s pay to the Program, where it will be deposited into a state-sponsored individual retirement account (IRA) for the employee. Employees have the option to change the contribution percentage or opt out of participation altogether. Employees direct the investment of their accounts into a diversified array of investment funds offered through the Minnesota State Board of Investment. The Program is required to be opened in phases, over a two-year period, beginning after January 1, 2025. The legislature appropriated $5 million to fund the Program.
The Minnesota Secure Choice Retirement Program Act provides more details regarding the program, timeframe, and requirements.
The position will remain open until filled.
For posting detail information including application process and a complete position description, please go to:
To apply, please email your resume and cover letter to lcc@lcc.mn.gov.
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