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
Good news for retirees
Retired members of the PERA General Plan will receive a 1.4 percent increase in their PERA retirement benefits, effective…
The PERA Board of Trustees voted unanimously Oct. 11 to adopt recommendations to make the Phased Retirement Option (PRO) a permanent option….
The Statewide Volunteer Firefighter Retirement Plan Advisory Board is scheduled to meet on Thursday, September 27, at 1:30 p.m., at the Retirement…