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State of Minnesota

Minnesota State Retirement System

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Statewide Volunteer Firefighter Retirement Plan (SVFRP)

 

The Statewide Volunteer Firefighter Retirement Plan (SVFRP) is an optional plan for municipalities that either do not have a firefighter retirement plan or want to provide an alternative to their existing retirement plan for their volunteer firefighters.

Information about the Statewide Volunteer Firefighter Retirement Plan can be found on PERA’s website https://www.mnpera.org/plan-information/statewide-volunteer-firefighter-retirement-plan/  or by contacting PERA at (651) 296-7460. Fire departments interested in the Statewide Volunteer Firefighter Retirement Plan should contact PERA for procedures regarding plan eligibility and enrollment.

The Volunteer Firefighter Account investment option is a balanced fund composed of several SIF options.

35% U.S. Stock Index Fund – Factsheet
15% Broad International Stock Fund – Factsheet
45% Bond Fund – Factsheet
5%   Money Market Fund – Factsheet

Please see the 2018 Statewide Volunteer Firefighter Retirement Plan Prospectus for more information about the SIF and the Volunteer Firefighter Account investment options.