About

HOME  /  About

About PERA


 

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.

Over 500,000 Minnesotans know that they’re going to have a pension today, they’re going to have a pension tomorrow, they’re going to have a pension next year. They know what they’re going to receive, we’ve made it solvent. Private pensions have been overwhelmed, and that won’t happen here. Everyone who has earned their pensions can retire.
– Governor Mark Dayton

Frequently Used Resources

Board of Trustees Financial Who We Are

The Latest from PERA

View All
  • PERA receives two GFOA Awards for FY17

    PERA has received two Government Finance Officers Association’s (GFOA) Awards in Fiscal Year 2017. The first award is for our Comprehensive Annual Finance…

  • Office Remodel Update

    Please excuse our mess in our St. Paul office. We are remodeling to provide a better experience for our members. You may…

  • 2018 Legislative Update

    The 2018 Omnibus Retirement Bill will reduce the State’s pension liabilities by $3.4 billion immediately with an additional estimated reduction of $2.7 billion…