INSURANCEDISCUSSSED

Prudential Life Program Shifts to Direct Premiums

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.

Status
DISCUSSSED
Document date
August 14, 2025
Contract type
INSURANCE
Vendor
Prudential Financial Inc
Agency
Minnesota Public Employees Retirement Association · MN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
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Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
INSURANCE
Contract term
Through June 30, 2026, with PERA premium withholding ending effective July 1, 2026
Renewal date
2026-07-01
Renewal
While the insurance coverage continues, PERA’s administrative premium-withholding role will cease as of 2026-07-01, pending MMB approval.
Document type
Minutes
Source document
Public Employees Retirement Association Minutes Board of Trustees Meeting 2025-08-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Minnesota Public Employees Retirement Association?

Prudential Financial Inc was awarded this insurance contract by Minnesota Public Employees Retirement Association, 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. 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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What is Minnesota Public Employees Retirement Association currently buying?

Explore Minnesota Public Employees Retirement Association's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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