Public Employees Retirement System

The Oregon PERS Fund (OPERF) is managed by the Oregon State Treasury under the direction of the Oregon Investment Council. OPERF investment returns are posted monthly.

Earnings credited to member accounts are different than the amount earned by PERS fund investments. This is due to administrative expenses and reserving requirements provided in statutes, administrative rules, and PERS Board actions.

PERS year-to-date factors and annual earnings crediting rates are used to credit a pro-rata distribution of available year-to-date earnings or annual calendar year earnings. PERS earnings factors, both year-to-date and annual, do not measure return on investment and do not represent actual gross or net investment returns. These year-to-date factors and annual earnings crediting rates have been reduced by the applicable expenses noted above and should not be used as a measure of investment returns for those same time periods.