2025 member annual statements coming soon
PERS is mailing 2025 member annual statements to all nonretired members in spring 2026.
The 2025 statement will reflect your PERS benefits and information through December 31, 2025.
When you receive your statement, check that all your personal information is correct. If you need to make
corrections, follow the instructions on the back of your statement.
For more information, visit the Member annual statement FAQs webpage, which is updated each spring.
2026 cost-of-living increase
If you are a PERS retiree or beneficiary receiving a monthly pension benefit, your annual
cost-of living adjustment (COLA) will go
into effect on July 1, 2026. You will see it reflected on your August 1, 2026, benefit payment and going
forward.
PERS and Oregon State Treasury webinars recap
On January 20 and 22, 2026, PERS Director Kevin Olineck and
Oregon State Treasury presented two webinars on how the PERS pension portfolio
is invested and how it’s performing. These two sessions are the first in a new series. Additional
webinars will be announced later this year.
Panelists for both webinars were:
- Elizabeth Steiner, Oregon State Treasurer
- Kevin Olineck, PERS Director
- Rex Kim, Oregon State Treasury Chief Investment Officer
If you missed the webinars, you can watch them and view the presentation slides below:
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.