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2023 Charitable Fund Drive open to active and retired members

The 2023 Charitable Fund Drive has kicked off, launching the opportunity to powerfully impact lives in the community through charitable giving.

No matter the issue, whether it's education, the arts, the environment, or social justice causes, the fund drive allows you to make a charitable gift that will go to supporting any of the 896 nonprofits that make a difference. The Charitable Fund Drive is about coming together as a community to inspire hope, empower change, and create a stronger today and tomorrow for all Oregonians.

Now through December 6, the Charitable Fund Drive encourages us to think outside of ourselves and lean into the communities that need us the most. Participation is what makes the difference, and the drive isn’t only available to active members—retirees are still able to participate!

Please visit the Charitable Fund Drive website to learn more and find out what's happening where you live, work, and play and make a donation today!

Retiring? Planning to work after retirement? Tell employers these two things

If you’re in the process of retiring and plan to work after retirement for a PERS-participating employer, you need to tell your future employer the following:

• What your effective retirement date is.
• That your retirement application is in process with PERS.

Failure to provide this information to your future employer could cause you to be incorrectly hired after retirement as a regular employee rather than a retiree-hire. Errors of this kind can negatively impact your retirement benefits, such as delaying payments.

Future employers who need to be notified include any PERS-participating employer you plan to work for after retirement — even your current employer, if you intend to work for them as a retiree-hire.

If you have questions, contact Member Services for assistance.

Stay safe by signing up for emergency alerts

Wildfires, earthquakes, ice storms — When incidents arise in your area, how will you know what to do? Signing up for emergency alerts from OR-Alert can help you stay informed and keep safe. OR-Alert is an emergency notification system that can be activated by state and local government officials to provide real-time hazard information to Oregonians. Sign up for alerts on the OR-Alert website.

IRS retirement contribution limits for 2023

The U.S. Internal Revenue Service, or IRS, sets limits on the amount you can contribute to retirement savings accounts each year.

These limits apply to the Oregon Savings Growth Plan (OSGP), a 457(b) deferred compensation plan.

For 2023, the IRS contribution limits are:

• $22,500 if you are younger than 50.
• $30,000 if you are 50 or older.

In addition, OSGP offers a three-year special catch-up provision for members who meet certain criteria.

Learn more about contribution limits on OSGP's Active Participants webpage.

PERS by the Numbers available online

Want to explore the details of how your pension system works? Each year, PERS, the agency, publishes PERS by the Numbers, an annual snapshot of the data and demographics that drive the Oregon Public Employees Retirement System. Read the latest report to learn more.