City of St. Petersburg Employees Retirement Fund (City of St. Petersburg ERS) is a public pension fund based in Saint Petersburg, Florida. The employees' retirement system was established to reward eligible employees for long and loyal service by providing them with retirement benefits. Retirement benefits are based on years of credited service, covered salary, and age at retirement. Contributions to fund the plan are made by members and by the City and are deposited into a separate trust fund maintained solely to provide benefits to members. The plan is managed by the executive management team.