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2024 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, 2024. You will see it reflected on your August 1, 2024, benefit payment and going forward.

1099-Rs to be mailed

By the end of January 2024, PERS will mail Internal Revenue Service Form 1099-R for tax reporting to those who received a PERS benefit in calendar year 2023.

1099-Rs will be mailed to your address on file at PERS. You can confirm your address is correct in Online Member Services (OMS).

Read an FAQ about 1099-Rs.

PERS Expo 2023 website still available

If you missed PERS Expo 2023 in early October, don’t worry. You can still access the website to learn more about your PERS benefits and how you can create a secure retirement.

The PERS Expo 2023 website will remain open until December 31, 2023.

You can explore information about your PERS benefits, additional retirement savings options, post-retirement health insurance options, the PERS retirement process, and other related topics.

Resources include videos, recorded sessions and workshops, and retirement checklists. Check out the “Ask Experts” area of the website for questions your fellow public employees posed while the PERS Expo event was live on October 10 and 11. Note that PERS is no longer accepting live questions via the website.

Return to the PERS Expo website as often as you need to gain a better understanding of your PERS retirement benefits.

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.

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.



Events

PERS Education Sessions

Planning for retirement can seem like a daunting task. Don’t wait until the last minute to prepare. Take advantage of the many free sessions our PERS education team has to offer.

Among the resources available to you are education sessions, which cover topics that include:

  • The basics of your plan type (Tier One, Tier Two, or OPSRP).
  • Retirement eligibility criteria.
  • Benefit calculations and estimates.
  • Your retirement option choices.
  • An overview of the retirement application process.

Whether you’re Tier One/Tier Two or OPSRP, you have the option of attending a general education session for your plan type or a session that discusses additional financial planning information and resources.

For registration or more information, visit the education webpage for your plan type:


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