PERA serves over 475,000 current and former public employees from over 2,000 local units of government throughout the state of Minnesota. PERA also provides monthly benefits to over 100,000 retirees and other benefit recipients.
Established in 1931, PERA administers three statewide retirement plans providing defined benefit plan (DBP) to participating public employees in the state of Minnesota. The Association also manages a statewide retirement plan providing defined contribution (DCP) coverage to elected officials, city managers, ambulance service, physicians, and medical personnel. Finally, PERA oversees a lump-sum defined benefit plan for volunteer firefighters in the state. All these programs are qualified retirement plans under Section 401(a) of the Internal Revenue Code.
The Latest from PERA
The PERA Board welcomed two new trustees, along with three returning trustees to the Board during their meeting Feb. 21.
The returning trustees…
Legislatively required 30-year projections of estimated funding status show a positive trend for PERA’s plans under current assumptions. PERA’s three largest plans…
Looking for inactive, non-vested members
PERA is looking for inactive members who qualify for a refund of their contributions. Here’s why. Members who…