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Recognizing the need for a retirement program for employees of county and local governments, the Minnesota Legislature created the Public Employees Retirement Association (PERA) in 1931. PERA serves over 160,000 public employees from 2,100 governmental agencies and pays benefits to more than 100,000 retirees, disabled members, and survivors of deceased members.

PERA administers three defined benefit plans—The General Employees Plan, the Police & Fire Plan, and the Correctional Plan. PERA also administers the Statewide Volunteer Firefighter Retirement Plan (SVFRP) and the Defined Contribution Plan.

There are more than 110,000 PERA members who are receiving benefits from PERA (retirees, disabled, survivors of deceased members).

Minnesota PERA serves over 480,000 members.

About 65% of PERA’s revenue in the past 20 years is attributed to investment earnings.

96% of the revenue PERA receives goes directly to member benefits, 3% is refunded to members, and less than 1% used for administrative costs

89% of benefit payments are made to Minnesota residents.

*estimate based on June 2017 payments

PERA has over 2,500 contributing employers that consist of public and charter schools, cities, county-related, townships, and hospitals and nursing homes.

PERA is the largest public pension plan in Minnesota serving more than 480,000 members.