Public Employees Retirement Association (PERA)

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The Public Employees Retirement Association (PERA) is a lifetime income, cost-sharing retirement plan for Minnesota public employees. PERA administers retirement, disability, and survivor benefits for local government and school district employees. PERA is established by Minnesota Statutes, governed by an 11-member Board of Trustees, and is a qualified defined benefit plan under Section 401(a) of the Internal Revenue Code. PERA’s mission is to administer and promote sustainable retirement plans and provide services our members value. We do this by providing secure retirement benefits members can count on at affordable rates for public employers, with member-focused service delivery.

 

 

 

 

 

 

 

Pension Video

 

Contribution rates for each PERA plan are as follows:

PERA Plan

Employee Contribution

Employer Contribution

General (Coordinated) Plan

6.50%

7.50%

Police and Fire Plan

11.80%

17.70%

Correctional Plan

5.83%

8.75%

Defined Contribution Plan

5.00%

5.00%

 

Pension Plan (PERA)
Forms
Contact Information


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