BOARD/COMMISSION:  Public Employees Retirement Association (PERA)

The Board of Trustees consist of eleven members, which include the State Auditor and ten trustees.

• Five trustees are appointed by the Governor, one representing school boards, one representing cities, one representing counties, one who is a retired annuitant, and one who is a public member knowledgeable in pension matters.
• Five trustees are elected by the membership of the association. 

The powers and duties of the Board of Trustees are defined in Minnesota Statutes § 353.03, subdivision 3. The Board’s duties include, but are not limited to, appointing an Executive Director; establishing the annual administrative operating budget; hiring an actuarial consultant; reviewing actuarial valuation reports of the funds and recommending modifications to assumptions when appropriate; etc.

Members and beneficiaries of the funds, and participating employers may appeal decisions regarding membership and benefits to the Board of Trustees. The process by which appeals are administered is defined in Minnesota Statutes, § 356.96.