Tax remedy letters coming soon
Letters will soon be mailed to some Tier One members impacted by “tax remedy.”
Tier Two and Oregon Public Service Retirement Plan (OPSRP) members are
not eligible.
Retired Tier One members who meet eligibility requirements can receive a tax remedy increase in their
monthly PERS benefit payments.
To be eligible, a retired Tier One member must meet all of the following criteria:
- Be an Oregon resident for the purpose of paying Oregon income taxes.
- Have been hired before July 14, 1995.
- Either have service time before October 1, 1991, or at least 10 years of creditable service.
Each year, PERS notifies members who experience a change in their Oregon residency status and therefore a
change in their tax remedy eligibility.
If you receive a letter about tax remedy from PERS, it will explain whether you are poised to gain or lose
a tax remedy increase and whether PERS requires you to take certain actions, such as certifying that you are
an Oregon resident.
To update your Oregon residency status, choose one of the following options:
If you are required to update your status, you must do so by
December 15, 2025, to ensure that the tax remedy you are eligible for will be included in
your benefit payments in the upcoming year.
If your residency status has not changed, your tax remedy eligibility is unchanged, you
will not receive a letter, and you do not need to take any action.
Each year, Oregon Department of Revenue supplies information to PERS about the residency status of PERS
members. Having an Oregon address on file with PERS does not satisfy residency requirements for the purposes
of tax remedy.
If you have questions, check out the
Tax remedy information webpage. If you need
further assistance, contact Member Services at 888-320-7377 or
customer-service.pers@pers.oregon.gov.
PERS publishes three annual reports
PERS’ three annual reports are now available! Read more about each one below.
2025 PERS Annual Comprehensive Financial Report
We are pleased to present the 2025 PERS Annual Comprehensive Financial Report (ACFR) for the fiscal year ended
June 30, 2025.
This report offers an in-depth analysis of PERS’ financial performance, providing a thorough overview of the
system’s operations and status.
Read the report here.
PERS by the Numbers
Each year, PERS publishes PERS by the Numbers, an annual snapshot of key data and demographics of the Oregon
Public Employees Retirement System.
This report distills key performance metrics into an easily accessible format, making complex financial
information easier to understand for a broad range of stakeholders while still doing a deep dive into PERS and
its partner programs.
Read the report here.
PERS 2025 Popular Annual Financial Report
As part of PERS’ commitment to transparency and providing clear and understandable information, this report is
designed to give members, participating employers, and the public a concise overview of Oregon PERS’ financial
health with the information from ACFR.
We are excited to share this helpful resource for anyone who wants to better understand PERS and how the
pension system works.
Read the report here.
2025 PERS Economic Impact Study published
Our latest study covering the 2024 calendar year is now available.
Continuing PERS’ commitment to transparency and providing clear and easily understandable information, study
discusses the economic impact of pension benefits across the state of Oregon.
Read the new report here.
PERS benefits unchanged by Social Security Fairness Act
The Social Security Administration (SSA) is now processing payments for retirees affected by the
Social Security
Fairness Act, which was signed into law on Jan. 5, 2025.
The act repeals the Windfall Elimination Provision and Government Pension Offset, which reduced Social
Security payments for about 3.2 million people nationwide. These individuals were receiving pension benefits
from jobs where they did not pay Social Security taxes.
Eligible Americans will receive retroactive payments of Social Security benefits dating back to January
2024.
This action by SSA will not change your PERS benefits.
For more information, read SSA’s
Social Security
Fairness Act webpage or
contact SSA.
Changes to OPSRP Police and Firefighter retirement age
Are you an Oregon Public Service Retirement Plan member with a Police and Firefighter (P&F)
classification? You should be aware of a change to the P&F retirement age that may affect you.
On January 1, 2025, the normal retirement age for OPSRP P&F members decreased from 60 to 55.
This change is the result of legislation passed in 2024 (House Bill 4045).
PERS will add more information about this change throughout the website as it becomes available.
If you have questions about your specific situation,
contact Member Services.