Below are the contribution rates in effect for 2018 for the Defined Benefit and Defined Contribution plans that PERA administers. Retirement plan contribution rates are subject to change by the Minnesota Legislature.
General Plan (Coordinated Fund) – No changes are proposed for 2019
Police and Fire – PERA’s 2018 legislative package includes a proposal to increase the Police and Fire Plan employee and employer contribution rates by 1 percent and 1.5 percent respectively, phased in over two years beginning 1/1/2019.
Correctional Plan – No rate changes are proposed for 2019
Defined Contribution Plan – No changes are proposed for 2019
|Elected officials and Physicians||5%||5%|
|Volunteer or on-call firefighters||7.5% or more – made either solely from compensation paid to the covered firefighter
or through a combination of member and employer contributions.
|Ambulance Service Personnel||Contribution rates are set by the employer.|
Historical contribution rates of the Defined Benefit Plans.