Current rates for PERA's Defined Benefit and Defined Contribution plans are listed below. These 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 contributions equal 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
Rates set by employer. Must be 7.5% or more with member only or member + employer contributions
Rates set by employer. Must be 7.5% or more with member only or member + employer contributions
Ambulance Service Personnel
Members may choose to contribute up to the employer amount.
