Note: These statements are
sent only to Tier One or Tier Two members who have an account that has entered
loss of membership. These statements are mailed each fall, separate from other
Member Annual Statements each spring.
|If you left PERS-covered employment without being vested and
did not return to a PERS-qualifying position within five years, LOM means you
lost your PERS membership.
“PERS-qualifying employment” refers to a position or
positions in which you worked 600 or more hours in a calendar year with one or
more participating public employers.
If you previously worked in PERS-covered positions for
different time periods, did not become vested, and did not return to covered
employment within five years, you may have entered loss of membership multiple
times and therefore receive multiple statements.
However, you may be able to withdraw all of those account
balances, provided you meet certain criteria. See the “Can I withdraw my LOM account?” section below.
You could be a PERS member now but have a prior account that
went into loss of membership.
For example, if you returned to a
PERS-qualifying position and re-established PERS membership after the prior
account went into LOM, you could receive an LOM statement.
It will depend on whether you are working again for a
If you are currently working in a qualifying position and
have an active membership, yes, your
LOM account will be credited with earnings or losses based on Tier Two earnings crediting rates.
If you worked in a qualifying position in the
past calendar year but ended that employment, your LOM account will be credited
with earnings or losses applicable to the year in which you worked, as part of
PERS’ regular annual
earnings crediting cycle. However, if you worked only part of the past year,
your investment returns will be prorated and calculated based on the monthly
investment returns at that time.
- If you are still
working for a PERS-participating employer, the answer is no.
- If you stopped
working for all PERS-participating
employers, you can withdraw your
LOM account balance if it has been at
least one full calendar month
following the month you stopped working for any and all PERS-participating employers.
If you are eligible to withdraw your LOM balance and wish to
do so, you must submit a request using the Member
Account Withdrawal Application form.
The amount of your withdrawal(s) will be the total of your
LOM account balance(s) at the time of withdrawal.
Additional forms and further information about the
withdrawal process are available on the Withdrawal/Inactive
Member Information webpage.
No. After a member goes into LOM status, PERS membership and
all rights in the system are terminated per Oregon Revised Statutes 238.095(2).
Forfeited LOM time cannot be restored or purchased. Oregon
Administrative Rule 459-011-0050 was amended in 2017 to clarify that
service time forfeited under LOM is not eligible for purchase.
back to the main Member Annual Statement FAQ page.
In compliance with the
Americans with Disabilities Act (ADA), PERS will provide PDF documents on this
page in an alternate format upon request. To request a document in an alternate
format, call 888-320-7377 (toll free) or TTY 503-603-7766.