PERA Retirement Report
The PERA administers and promotes sustainable retirement plans, providing services to its members. PERA provides secured retirement benefits that the members can count on at affordable rates for public employers, with member-focused service delivery.
PERA offers three traditional Defined Benefit Plans (DBP): the General Plan, the Police and Fire Plan, and the Correctional Plan. The member's retirement benefit is determined by a formula based on years of service and average salary during the highest five consecutive years. Each plan is a 401(a) tax-qualified plan, providing members with a lifetime benefit. PERA also offers a non-traditional DBP to entities with volunteer firefighters.
Employers must report their employees' eligible salaries to determine their retirement benefits. They use the PERA retirement report to submit employee and employer contributions, as well as demographic information.
You must submit demographic information for all new hires to ensure that PERA has an account to record their earnings and service information.
Menu path
From the Human Resources menu, select State. From the State - MN menu, select PERA Retirement Report.
Submission period
The PERA retirement report submissions are due 14 days from the payroll paid date.
Selection rule
Employees who are PERA members with a specific paycheck date are selected and reported.
Prerequisites
Enter the PERA Employer Number on the Human Resources Profile - State page.
Enter valid values in the following fields on the Minnesota State Required page:
PERA Member ID
PERA Elig Date
Annuitant Type
PERA Position
PERA Pos Class
PERA Exclusion
PERA Job Title
Ensure that deduction codes are defined in the Deduction Code table.
Set up Retirement Deductions.