Public Announcements

Supplemental - Pension Plan of MN - Legislative Brochure 2019

The Pension Plan of Minnesota Legislative update has been released.  

Click here to access the Legislative Brochure 2019.

Minnesota PERA // January 2019 Newsletter

 
PERA News
January 2019 
 
 
Uneven investment results for 2018
Investment returns for the fiscal year ending June 30, 2018, were very good. The State Board of Investment Combined Fund experienced a return of 10.3 percent, well above the 8 percent assumption that applied to the fiscal year and the 7.5 percent assumption expected prospectively.

However, at newsletter deadline, financial markets across the world have experienced significant downturns...
 
PERA educational program dates set for winter 2019

Whether you just started your public service career or you are close to retirement, PERA’s educational programs will give you valuable information. PERA offers educational sessions in our St. Paul, Duluth, and Mankato offices, as well as locations across the state.
For a schedule, visit our website at mnpera.org
PERA does require registration for our programs for both you and if you bring a guest. It’s easy to register. Simply use your MY PERA account or call our Member Service Center at 651.296.7460 or 1.800.652.9026.
 
Watch for a member survey from PERA

PERA is conducting analysis on service delivery preferences and access to retirement information. As part of this analysis, we will be sending a survey to current, former, and retired members chosen at random the week of February 4. If you receive a survey, we encourage you to participate in helping to shape the future of PERA’s service delivery. We look forward to your input.
 

 
 
 

 

PRESIDENT’S MESSAGE
With the transition of board members, it is a good time to ask what is next for the PERA Plans? After the passage of the 2018 Omnibus Pension Bill, which was three years in the making, is there significant work to do now, or are we in a wait-and-see mode? Has the progress that was gained from the past two reforms been lost with the recent decline in the equity markets?

 

 
 
 

Introducing PERA’s new Board Trustee

Julie Blaha is the newest Trustee on the PERA Board. Blaha won the 2018 election for Minnesota State Auditor. The State Auditor is a member of the PERA Board of Trustees by statute... 

 
 
 
 

 

PERA Board receives actuarial update on three largest plans
The Board of Trustees received an actuarial update on the financial health of PERA’s three largest plans from its actuary, Gabriel Roeder Smith & Co., at the Dec. 13, 2018 board meeting. The actuarial valuation results were determined as of July 1, 2018 and reflect all of the changes contained in the 2018 Omnibus Retirement Bill as well as positive investment returns through June 30, 2018...
 
 

 

Your benefit recipient COLA letters sent in December 
In December, letters were sent to advise benefit recipients of their new benefit amounts after the annual cost of living adjustments (COLA). After December 2018, these letters will be discontinued...
 
 

 

Board to fill vacant trustee position
Applications accepted Feb. 19 - March 19, 2019

The PERA Board of Trustees is seeking candidates to fill the Retired, Disabled, and Survivor Representative seat on the Board. The four-year term ends in January 2023. PERA will accept applications from Feb. 19 through March 19, 2019. Interested applicants must be a member of PERA who...
 
 

ATTENTION: Members who terminated prior to Jan. 1, 2012

If you terminated your public service prior to Jan. 1, 2012, recent legislation may reduce your benefit if you return to public employment. Members should contact PERA prior to returning to public employment to discuss their options.

 
Stay informed. Stay connected.
Visit mnpera.org/PERAnews for current and past issues of our newsletter.
 

PEPSA Fall Newsletter

Click here to read the PEPSA Fall Newsletter.

 

Summer 2018 PERA Newsletter

Click on the link below to read the Summer 2018 PERA newsletter. 

https://www.mnpera.org/newssummer18/

PEPSA Spring 2018 Newsletter

Click here to read the PEPSA Spring 2018 Newsletter

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