What you need to do at every step of your career to prepare for retirement.
As a member of PERA, you have options when you leave public employment.
A guide to understanding combined service and its impact on your benefits.
Gives data on the investment of assets of local firefighter entities that participate in the Statewide Volunteer Firefighter Plan.
Provides information on how benefits are calculated and show various scenarios to help plan participants understand benefit calculations.
The Minnesota Supplemental Investment Fund (SIF) is a multi-purpose investment program that offers a range of investment options to state and other public employee groups. Participants, who are not in the Volunteer Firefighter Account, may allocate their investments among one or more funds that are appropriate for their needs and are within the rules and eligibility established by the participating plans. When a local fire relief joins the Statewide Volunteer Firefighter Retirement Plan (SVFRP), the assets are transferred into the Volunteer Firefighter Account which is a balanced fund composed of several SIF options.
Provides information to volunteer firefighters, relief associations, and municipalities about the Plan. It includes information about how the Plan is funded, how benefits are determined, and how an entity elects to join the Plan.
Presents necessary information for a relief association and municipality or independent nonprofit firefighting corporation to request an estimate of annual costs expected to be incurred as a result of joining the Plan, act on that information, elect enrollment in the Plan, and move assets and liabilities into the Plan.
Presents the proper format of a resolution and the required information for an entity to authorize its fire department to participate in the statewide plan.
Presents the proper format of a resolution and the required information for an entity opting to increase the benefit level for firefighters who are vested in the statewide plan.
Fire State Aid information from the Department of Revenue
General Information, Education, and more
Preparing for Retirement
Planning financially for retirement is not a one-size-fits-all exercise. The Employee Benefit Research Institute (EBRI) has created a short exercise to help individuals determine if they are in the rough “ballpark” in saving sufficiently for their future retirement.
How the survivor options work using the IRS formula.