MEMBERS

You are vested in the OPSRP Pension Program on the earliest date in which you complete at least 600 hours of service in each of five calendar years (the years do not have to be consecutive, but you cannot have a gap of more than five years). If you are an active member any time on or after reaching normal retirement age, you become a vested member regardless of years of service. Once you are vested in the OPSRP Pension Program, you cannot lose your benefit rights unless you withdraw from the program. 
 
An active member is defined as a member who is presently employed by a PERS-covered employer in a qualifying position and who has completed the six-month waiting period.
 
The age at which you can retire depends on your classification. 

Important notice for Police and Fire members: To retire at the early or normal retirement age for a police officer or firefighter, you must have worked continuously as a P&F member for at least 60 months immediately preceding your retirement, and your effective retirement date must be the first of the month following your separation from P&F employment.

 
Retirement with unreduced benefits

Classification Age PERS Service Time
General Service 65 Age 58 with 30 years of service
Police and Fire* 60 Age 53 with 25 years of service

*You must have held the position of police officer or firefighter continuously for five or more years immediately before the effective date of retirement.

 

Retirement with reduced benefits

Classification Age
General Service 55
911 Operator (General Service) Any age with 25 years of 911 Operator service
Police and Fire* 50

*You must have held the position of police officer or firefighter continuously for five or more years immediately before the effective date of retirement.

Your entire benefit will be reduced by an actuarial equivalency factor (see Table 1: Early Retirement Factors​) based on the number of months and years you are below the age of 65 (age 60 if you held the position of police officer or firefighter).

For example, if your classification is General Service and you retire at age 60 (five years early), your entire benefit will be reduced by approximately 35 percent because you will receive it over a longer period of time. 

Not eligible to retire, but I want to withdraw my IAP account. ​​