2026 Payment Information
Attention Benefit Recipients
Here are important reminders for members and survivors receiving PERA benefits:
January Payment
January 2026 payments will be paid on the first banking day of the month: Friday, January 2, 2026.
View your new payment amount in your myPERA account on or after December 20, 2025.
Annual Benefit Increases
Annual increases for monthly benefits are determined by Minnesota Statutes. If you’re eligible to receive an annual increase, it will be included in your January 2026 payment.
2026 annual increases are:
- 1.75% if you are in the Coordinated, Basic, or MERF Plans,
- 2.5% if you are in the Correctional Plan, or
- 3.0% if you are in the Police & Fire, Minneapolis Police, or Minneapolis Fire Plans and you started benefits on or before January 1, 2025.
If you're new to receiving PERA benefits, your first increase depends on your benefit type, plan, and benefit effective date. Your first increase amount may be prorated. After your first increase, all future increases will be the full amount.
1099-R Tax Form
Your 1099-R tax form for calendar year 2025 will be available in your myPERA account by January 2, 2026 and will be mailed to you by January 31, 2026.
Working After Retirement
If you return to work in a PERA-covered position after starting your benefit, and you are younger than the Social Security Administration’s (SSA’s) full retirement age, your benefit may be reduced or suspended if you exceed earnings limits.
2026 annual earnings limits are:
- $24,480 if you are younger than full SSA retirement age,
- $65,160 if you will reach full SSA retirement age in 2026, or
- No limit if you are at or above full SSA retirement age.
Income Verification
Income verification reports, also called pension award letters, can be downloaded on or after December 20. This report reflects your 2026 pension benefit information. Access the report at any time after December 20 through your online myPERA account.
Additional Resources
Learn more at Retirees and Recipients on mnpera.org.