If you have not previously gotten a written
estimate and are a Tier One/Tier Two member, we
recommend you do so if you want to consider a purchase at
retirement. A written benefit estimate will show what purchases (if
any) are available to you and the estimated cost of those purchases. Once you
have a written benefit estimate, your purchase information will then show in
your OMS benefit estimates.
Generate a Benefit Estimate
using OMS FAQ
1. How many benefit estimates can I generate online and
how long are they stored in the database?
A. You may create as many benefit estimates as you would
like. However, the system will only store the six most recent estimates. These
estimates will be available until a benefit is processed.
2. How current is the data used in my benefit
A. The data used is the most current information that
your employer(s) has provided. Normally, employers report data to PERS monthly
so there could be a lag. Account balances are current as of December 31 of the
3. Where can I get more information on buy backs or
purchases? (for Tier One/Tier Two members only)
4. Why is my "waiting time" purchase cost
A. Your employer may not have reported income for your
first year of employment or the information may not be in the system. This
information will be retrieved for a written
5. Why is service time shown in months instead of
A. Statute directs that accrued service time is earned in
6. Why doesn't the retirement calculation method show on
my benefit estimate?
A. The calculation method was not programmed into Online
Member Services. Your benefit estimate (if Tier One or Tier Two) is based on
the method (Money Match, Full Formula, or Formula Plus Annuity) that provides
the highest benefit. Virtually all Tier Two members will retire under the Full
Formula method and all OPSRP Pension Program members retire under a separate
7. Why can't I enter my unused vacation hours to count
toward my final average salary?
A. Unused vacation time is not used toward final average
salary for Tier Two and OPSRP Pension Program members.
8. Why is my benefit estimate in OMS vastly different
from the written benefit estimate I received from PERS?
A. If you have a divorce on file at PERS or were a member
of TIAA CREF (Teachers Insurance and Annuity Association-College Retirement
Equities Fund), the system is unable to calculate these benefits accurately.
Please keep in mind that this is an "estimate" and the information
provided determines the accuracy of the calculation.