A Public Employees' Retirement System (PERS) is a government-sponsored retirement plan established to provide retirement, disability, and other benefits to public employees, including government workers, teachers, firefighters, and law enforcement personnel.
PERS programs are funded through a combination of contributions from employees, employers (typically government agencies), and investment returns on the retirement fund's assets.
These retirement systems are designed to ensure that public employees receive financial security and support during their retirement years. The specific structure and benefits of PERS programs can vary by jurisdiction.
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