This publication is a reliable educational tool for PERS members who are evaluating the PERS Defined Benefit and Defined Contribution Retirement Plans. It is intended to provide a general idea of possible benefits under the plans to assist PERS members in making their retirement plan election. This publication agrees with applicable laws and rules as they exist at the time of publication. HOWEVER, THIS PUBLICATION SHOULD NOT BE TAKEN AS FINAL LEGAL AUTHORITY. If any information in this publication conflicts with the PER Board's interpretation of laws or rules, the law or rules will apply.

The information and analysis contained herein are based on PROJECTED compensation increases, investment returns and inflation rates. The projections are estimates only and may not reflect actual results. The tables in Appendix A are standard financial tables accepted by the industry and provided to the MPERA by Educational Technologies, Inc. Neither the MPERA nor the PER Board provide professional financial or tax-related services. Members should compare the two PERS plans based on their personal situations, and are encouraged to consult with a financial planner, attorney and/or tax advisor as needed.

Permission is granted to reproduce, copy, or duplicate the information in this publication for use by others while making their PERS retirement plan decision, provided credit is given to the MPERA. Reproduction for personal use by members is not only permitted, but encouraged.