Divorce and Retirement Accounts: Public Employees Retirement Association (PERA)
Public Employees Retirement Association (PERA) is a governmental plan. Benefits payable by PERA include pension benefits and disability benefits. Under the 1984 Retirement Equity Act, PERA is exempt from the Qualified Domestic Relations Order (QDRO) law. In 1987, Minnesota passed a law permitting the division of public pension plans in ...