Annual Increase

Annual increases for monthly benefits are determined by Minnesota Statutes. Increases are effective January 1 of each year for eligible benefit recipients. 

The increase percentage for Coordinated and Correctional members is tied to the same consumer price index (CPI) used by the Social Security Administration. Coordinated benefit recipients receive 50% of the Social Security increase, but not less than 1.0% or greater than 1.5%. Correctional benefit recipients receive 100% of the Social Security increase, but not less than 1.0% or greater than 2.5%. The Police & Fire increase is not currently tied to CPI and is fixed at 1.0%.

MERF and Basic benefit recipients receive the same increase amount as Coordinated. Minneapolis Police and Minneapolis Fire benefit recipients receive the same increase amount as Police & Fire.

Can PERA tell me my new 2025 benefit amount?

PERA benefit specialists cannot tell you your new 2025 benefit amount. Beginning December 21, you can view your new benefit amount in your myPERA account. In myPERA, you’ll also find other payment and withholding information.

New to receiving PERA benefits?

You may be eligible for an increase on January 1, 2025. Your first increase might be less than the full increase, depending on the type of benefit you are receiving, the plan, and your benefit effective date. After your first increase, you will receive full annual increases starting on the next January 1. See your Plan’s increase fact sheet under the Resources section for more information.