Prudential Life Program Shifts to Direct Premiums
Minnesota Public Employees Retirement Association | State of MinnesotaState · St. Paul, MN- Document date
- Aug 14, 2025
The 30-second brief
Prudential Financial, Inc., as insurer of the NCPERS retiree life insurance program, will see PERA end its role in withholding premiums from retiree benefits effective July 1, 2026. Retirees will instead remit premiums directly while maintaining coverage with Prudential.
Prudential Financial Inc holds this insurance contract with Minnesota Public Employees Retirement Association | State of Minnesota. Its other public contracts on record include work for West Essex Regional School District and Middletown Township Public School District.
Term as filed: Through June 30, 2026, with PERA premium withholding ending effective July 1, 2026.
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Contract details
- Contract type
- Insurance
- Document date
- August 14, 2025
- Term
- Through June 30, 2026, with PERA premium withholding ending effective July 1, 2026
- Vendor
- Prudential Financial Inc
- Source document
- Public Employees Retirement Association Minutes Board of Trustees Meeting 2025-08-14 (Minutes)
Prudential Financial Inc's other public contracts
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Questions about this contract
Who was awarded the insurance contract by Minnesota Public Employees Retirement Association | State of Minnesota?
Prudential Financial Inc was awarded this insurance contract by Minnesota Public Employees Retirement Association | State of Minnesota, as recorded on August 14, 2025.
What type of contract is this?
This is a Insurance contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Public Employees Retirement Association Minutes Board of Trustees Meeting 2025-08-14 (Minutes), dated August 14, 2025 from Minnesota Public Employees Retirement Association | State of Minnesota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Prudential Financial Inc hold?
Prudential Financial Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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