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
PERA has received two Government Finance Officers Association’s (GFOA) Awards in Fiscal Year 2017. The first award is for our Comprehensive Annual Finance…
Please excuse our mess in our St. Paul office. We are remodeling to provide a better experience for our members. You may…
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…