Mn Pera 2024 Cola. The next annual increase (ai) will be paid in july 2024 and will be 1.0% for eligible benefit recipients in the dps benefit structure or those. Employer contribution rates increase by up to 0.5% in one year.
2024 session active pension/retirement bills. Existing pera employees are receiving annual merit/cola increases to offset any rise in pera contributions that they must pay.
The 2024 Legislative Session Kicked Off On February 12, 2024.
For the formula and instructions, see the “how to.
2024 Session Active Pension/Retirement Bills.
Retirement plan contribution rates are subject to change by the.
1, 2007 &Amp; All Dps Benefit Structure Members Pera Benefit Structure Members Who Joined On Or After Jan.
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Pera Benefit Recipients Will Receive The Maximum Annual Benefit Increase In January 2024:
Pera benefit structure members who joined before jan.
Pera’s Legislative Agenda Includes Four Main Legislative Proposals.
For bills that passed in 2023, go to the 2023 pension and retirement bills page.
Once Pera Reaches 100% Funded Status, The Maximum.