Skip to main content

Boost Your Retirement Savings with PERAPlus

While your monthly contribution to the PERA Defined Benefit (DB) Plan lays the foundation for a strong retirement, you can boost your income potential by enrolling in the PERAPlus 401(k) and 457 Plans. 

The PERAPlus Plans can supplement your retirement savings and help you reach your financial goals. These are voluntary savings plans on top of your PERA DB Plan that put aside more pre-tax money from every paycheck to help you plan for the future that you want. And the PERAPlus Plans also have lifetime income options to help make savings go even farther in retirement! The earlier you save in these accounts, the more opportunity your money has to grow.

A person balancing coin stacks with trees on top, drawing a growth chart, symbolizing financial growth or investment.
Dilok Klaisataporn/iStock/Getty Images Plus

You can start today

If you’re able to save more near the end of your working career, you can take advantage of “catch-up” contributions. When you turn 50, the IRS allows you to contribute an extra $7,500 in both 401(k) and 457 accounts that’s on top of the $23,000 annual limit for 2024.

To find out more about enrolling in the PERAPlus Plans, go to Our online financial wellness library has great resources on creating a budget, investment basics, protecting your assets, and much more.