Dormant Accounts
It’s been awhile and we want to connect with you! PERA wants you to receive the benefit you’ve earned.
Do you have a Dormant Account with PERA?
If you received a letter from PERA stating you have a dormant account, we have identified you as being inactive from public employment, at or near full retirement age, and qualified for a lifetime monthly retirement benefit.
It is time for you to collect your benefit. You can choose between two options:
Lifetime Monthly Benefit
Your monthly pension is determined by a formula and is payable for life. You qualify for a lifetime benefit if you:
- terminated Minnesota public employment for at least 30 days
- are at least 55 years old (Coordinated members) or at least 50 years old (Police & Fire or Correctional members)
- meet vesting requirements in your plan
Refund of Contributions
Instead of a monthly benefit, you might wish to receive a lump-sum payment of your member contributions plus interest. You qualify for a refund if you:
- terminated Minnesota public employment for at least 30 days