The Minnesota Correctional Officer Retirement Association wishes all of you a Merry Christmas and Happy Holidays!  

  The PERA Correctional Plan is fully funded . As a matter of fact it's at 105%!   This was revealed at the December 11, 2025 PERA Executive meeting. MNCORA's Executive Board is meeting later this month and will have announcements regarding this. We still plan on moving forward on getting a seat on the PERA Executive Board in the next legislative session. Ours is the best performing PERA Retirement Plan and we need a seat at the table.    

We are all aware of the new Minnesota Laws granting very generous paid time off. However looking at the PERA Agenda for December 11th there's a warning.  In their PERA Legislative Agenda it states: Minnesota Paid Leave Minn. Stat. 268.09 Subd. 6 (d)(3) addresses the impact of the paid leave law on pensions. Under this section, the employee cannot be penalized for vesting and eligibility purposes. PERA does not require an employee to be employed on a specific date to be credited with a year of service for vesting, contributions, or participation and PERA allocates service credit on a monthly basis. PERA grants service credit if the member earns PERA eligible salary in a month. We do not prorate service credit.  Since paid family and medical leave payments are provided by a third-party administrator, in this case the State, PERA is unable to collect contributions on these payments. Applying PERA's current statute, state paid family and medical leave program payments are not el...

 

 Happy Veterans Day! Thank you to all who served!