Contribution Rates
Current contribution rates in effect for the Defined Benefit and Defined Contribution plans that PERA administers. Retirement plan contribution rates are subject to change by the Minnesota Legislature.
| Plan | Employee | Employer |
|---|---|---|
|
General/Coordinated |
6.5% |
7.5% |
|
Police & Fire |
11.8% |
17.7% |
|
Correctional |
5.83% |
8.75% |
*General Plan: Employer 6.5% + 1% additional
| Defined Contribution Plans | Employee | Employer |
|---|---|---|
|
Elected officials and Physicians |
5% |
5% |
|
City Managers/Administrators |
6.5% |
6.5% |
|
Volunteer or on-call firefighters |
7.5% or more - made either solely from compensation paid to the covered firefighter
or through a combination of member and employer contributions. |
|
|
Ambulance Service Personnel |
Contribution rates are set by the employer. |
|