As a new PERS member, or are returning to PERS-covered employment after a minimum 24 month break in service AND have refunded your contributions, you will have approximately 12 months to choose a retirement plan. You must choose either:
Please read the information for each plan carefully. We cannot recommend one retirement plan over the other. This extremely important decision must be made by you!
PERS New Hire Handbook (Interactive)
PERS New Hire Handbook (Printable)
To help you with your decision, try comparing the two plans side by side with the Plan Choice Calculator. This calculator will compare the DBRP and DCRP plans based on information you provide such as age, salary, years worked, and rate of return. The calculator will project your income needed at retirement and show your estimated retirement benefit from both plans. There are also links to the Social Security Calculator and as well as other retirement calculators available on the internet.
Note: Montana University System members have a third choice called the Montana Univeristy System Retirement Plan (MUS-RP) which is administered by TIAA-CREF. If you are currently employed by the Montana University System, read this information: Montana University System Employees ONLY
MPERA offers more tools to help you make your decision. Check the Education Calendar for the next available workshop to learn more about your retirement plan options. The PERS New Employee Plan Election class is designed to help you better understand the two MPERA administered plans before making your retirement plan choice. Online classes are held frequently and are offered free of charge.
If you are unable to attend a class, our New Member Plan Choice Educational videos can walk you through your choices. In addition to our class offerings, MPERA staff is available to answer any questions you may have regarding your retirement. Our office can be reached at: 1-877-275-7372 or 406-444-3154.
To e-mail us, go to: email@example.com
PLEASE REMEMBER THAT YOUR CHOICE IS IRREVOCABLE. ONCE YOU CHOOSE A RETIREMENT PLAN, YOU CANNOT CHANGE YOUR MIND!
If we do not receive your completed election form by the end of your twelve month election window, you will default permanently into the Defined Benefit Retirement Plan (DBRP).