Public Employees' Retirement Fund (PERF)

The Public Employees' Retirement Fund (PERF) is a pension program that provides retirement benefits to eligible public employees, such as teachers, police officers, and government workers. It is funded through contributions from employees, employers, and investment earnings. The purpose of PERF is to ensure that these workers have a reliable source of income after retirement, reflecting a collective effort to support their long-term financial security. The fund is managed by professionals who invest contributions to grow the pool, ultimately allowing for consistent benefit payments to retirees.