PERA determines if required contributions are due when preparing the Statewide Volunteer Firefighter (SVF) Annual Funding Report. This report is sent to the fire chief and governing body representative biennially (every two years) by August 1.
Required contributions are only due if the projected annual fire state aid + assumed 6% rate of return investment earnings equal less than the projected annual financial requirement (the annual cost of participating in the SVF Plan).
The due date of required contributions depends on when the department joined the SVF.
Year 1: Payment due by end of 1st year of participation
Year 2 and beyond: Due by December 31st of the following year
Voluntary Contributions
These payments must be issued by the governing body. Any other entity, such as a relief association, that wishes to make a voluntary contribution should write a check to the governing body. The governing body would then write a check and remit payment to PERA.
Making a Contribution Payment
Currently PERA only accepts contribution payments to the SVF Plan by check. To make a contribution:
Make check payable to PERA
Include “SVF Contribution” on the memo line.
Mail check to PERA at: 60 Empire Drive, Suite 200, St. Paul, MN 55103-2088.
PERA applies funds to any unpaid required contribution invoices first and deposits contributions into the department’s SVF Plan account with the Minnesota State Board of Investment (SBI).
