Public Employee Retirement Systems

Public Employee Retirement Systems (PERS) are government-managed pension plans that provide retirement income for public sector workers, such as teachers, firefighters, and police officers. Funded through employee contributions, employer contributions, and investment earnings, PERS ensures members have financial support after their careers. These systems operate on a collective basis, aiming to offer secure, predictable retirement benefits. They are governed by state or local laws, with rules on eligibility, benefit calculations, and funding obligations. Overall, PERS helps protect public employees’ financial futures through managed, long-term retirement planning.