Skip to main content

Oregon State Flag An official website of the State of Oregon »

Oregon.gov Homepage

Actuarial valuations

Every year, PERS publishes two types of actuarial valuation reports:

  • A system-wide report assessing the health of the system as a whole.
  • Individual reports for nearly every PERS-participating employer.

The reports are calculated and created by the PERS consulting actuary Milliman based on information they gathered the previous year.

  • Valuations published in odd years are advisory. They do not set contribution rates; instead, they show what your rates would be if they were set based on this valuation.
  • Valuations published in even years are rate-setting. They show what employers' new contribution rates will be for the next biennium starting on July 1.

Rate-setting process

 

Rate-setting is an 18-month process. Rates are set based on the valuation from the previous odd year.  

Illustration of the rate-setting process. In late July 2025, Milliman published updated assumptions and methods in its 2024 Experience Study. It uses the study to develop new rates. In late December 2025, Milliman performs a valuation of the PERS system for 2027-29 rate setting. In September 2026, Milliman presents the new contribution rates to the PERS Board for approval. On July 1, 2027, new rates go into effect.
Legend for 18-month employer contribution rate-setting process chart. Dark blue = PERS Board. Green = PERS staff. Bright lue = Milliman. Red = rate change. Yellow start = start of rate-setting process. Bright blue star = end of rate setting process.

How reports are organized

 

Employer actuarial valuation reports are grouped together into large files called zip files. You need to download the zip file that contains your organization’s report and delete the rest of the file.  

The valuation zip files are organized like this: 

  • Independent employer valuations are in one zip file. 

    Independent employers are those who do not belong to the State and Local Government Rate Pool or School District Pool.  

  • State and Local Government Rate Pool (SLGRP) valuations are separated into three zip files, grouped by employer number.  

    State agencies, public universities, and other statewide entities* do not receive separate valuations; they refer to the valuation for employer #1000.  

  • School District Pool valuations are in one zip file. School districts that do not have side accounts do not have individual valuations; they refer to the valuation for employer #3000.
*Other statewide entities include semi-independent agencies, boards, commissions, and public corporations.

Instructions for downloading reports

 

To download an actuarial valuation report: 

  1. Click the name of the zip file below that contains the valuation report.
  2. Save the zip file to your computer or server. If it automatically saved, check your Downloads folder to locate the downloaded zip file.
  3. Double-click the file to open it (or you may need to extract the zip file, depending on your operating system). Scroll through the list of PDF files (or use the search field) to find the valuation you need.
  4. Save the PDF file to a folder on your computer or server.
  5. Delete the zip file.

2024 actuarial valuation reports

 

Independent employers*  

School districts**  

SLGRP ER # 1000-2245  

SLGRP ER # 2247-2659  

SLGRP ER # 2660-2999  

System-Wide 2024 Actuarial Valuation Report  

*Employers who are not part of the SLGRP. 

**School districts without side accounts should reference the valuation for ER # 3000, under "School Districts." 

Find previous years' valuations.

Return to the Actuarial & Financial Information for Employers webpage.


Learn more

To understand the most important sections in your valuation, read the Guide to Understanding Your Valuation, available in three editions: School District Pool, State and Local Government Rate Pool, and Independents.

Get help

If you have questions about how your rate was calculated, please email PERS Actuarial Services.