As a defined benefit retirement plan, PERA provides you with benefits to help you on your journey to retirement.
As a PERA member, you contribute a percentage of every paycheck to PERA. In exchange, you’ll receive a lifetime defined benefit payment, or a pension, at retirement. In addition to that monthly benefit, PERA also provides benefits life survivor and disability benefits.
We provide many resources to help you plan a successful retirement, whether it is years away or quickly approaching. We also provide educational programs to help you plan your retirement at every stage of your career.
As a member of PERA, you have options when you leave public employment. You may request a refund of your contributions, or you may leave your money in PERA for a present or future pension. You options depend on your age and years of participation in PERA. To help you decide, see A refund is just one option brochure. The guide, Important information about your PERA refund and taxes, gives information about taking a refund. To take a refund, you need to fill out the Application for Refund.