Actuarial and financial reporting resources

For information on the Oregon Public Employees Retirement Fund (OPERF) income sources, fund management and investment, and earnings crediting, go to the PERS Fund/Investment webpage.  

For monthly OPERF investment returns posted by Oregon State Treasury, go to the Oregon Treasury Performance and Holdings webpage.  

Monthly earnings

PERS Fund investment returns (Treasury website)  

EPSA OPSRP  

EPSA Tier One/Tier Two (retired members)  

IAP installment payments (retired members)  

IAP current-year target-date funds earnings (nonretired members)  

Tier One reserve  

Tier Two reserve  

Variable accounts  

Annual earnings

Annual earnings crediting  

IAP target-date funds monthly and annual earnings from 2004–previous year  

Actuarial valuation reports are prepared for every PERS-participating employer by the PERS actuary. In even years, the reports list all data that the actuary used to calculate the employer’s contribution rate for the next biennium that will begin in July of the next odd year. In odd years, valuations are only advisory.  

For more information about actuarial valuations, go to the Actuarial Valuations webpage.  

Also, review current and past employer contribution rates on the Contribution Rates webpage.  

Employer Rate-Projection Tool

To forecast employer contribution rates over the next 10 biennia or to calculate the effect a side account might have on employer contribution rates, use the Employer Rate Projection Tool.  

Consulting actuary presentations and analyses

To read reports and presentations from the PERS consulting actuary, go to the Actuarial Presentations and Reports webpage and choose the year. The presentations and reports include:  

• PERS Board presentations.
• Financial modeling presentations.
• Experience studies and presentations explaining the experience studies.
• Legislative concept analyses.
• Valuation Methods and Assumptions reports.
• Employer Unfunded Actuarial Liability (UAL) Detail reports.
• Side Account Offset reports.

The PERS actuary determines the actuarial equivalency factors (AEF) that they use to ensure that retirees receiving pension benefits in different ways at different times receive equivalent amounts.  

Actuarial Equivalency Factors (AEFs) effective January 1, 2026 (PDF)  

Previous AEFs  

Early retirement factors (ERF) are percentages used to reduce pension benefit payments for those who retire early and receive their benefits over a longer period of time than those who retire at normal retirement age.  

Revised Early Retirement Factor (ERF) effective January 1, 2025 (PDF)  

Annual Comprehensive Financial Report (ACFR)

The ACFR is an annual financial report of all funds over which the PERS Board has authority. 

• Current ACFR (PDF).
• Previous years’ reports.

For best results when viewing the Annual Comprehensive Financial Report as a PDF, open in Acrobat and select “Two-page view” and “Show cover page.”  

Popular Annual Financial Report (PAFR)

The PAFR is a shorter, simplified version of the ACFR. 

• 2025 PAFR (PDF)
• 2024 PAFR (PDF)

GASB 68 and 75

For your Governmental Accounting Standards Board (GASB) 68 and/or 75 report or other GASB resources, go to the GASB webpage.  

If you have any questions about the results of your GASB report, email PERS.GASB.Questions@pers.oregon.gov.  

2027-2029 Agency Request Budget  

Legislatively adopted biennial PERS budgets (2005 to 2027)  

To learn about side accounts, how they can help employers manage their contribution rates, and their historical rates of return, review the Employer Side Accounts webpage.  

• If you are interested in the effect a side account may have on your employer contribution rates over the next 10 biennia, use the Employer Rate Projection Tool.
• If you are interested in the latest information about the Employer Incentive Fund (EIF), the Unfunded Actuarial Liability Resolution Program (UALRP), the School Districts Unfunded Liability Fund (SDULF), or amortization options, review the Employer Rate Relief Programs webpage.