Skip to main content

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

index

News and announcements

1099-Rs on their way to retirees

At the end of January, PERS mailed Internal Revenue Service 1099-R forms to those who received a PERS benefit in 2024.

Read more about 1099-Rs in our FAQ.

Decorative 1099R image

PERS produces inaugural PERS Popular Annual Financial Report

PERS is proud to release our first-ever Popular Annual Financial Report.

As part of PERS’ commitment to transparency and providing clear and easily understandable information, this popular annual financial reports is designed to give members, employers, and the public a concise overview of Oregon PERS’ financial health. We are excited to share this helpful resource for anyone who wants to better understand PERS and how the pension system works.

Read the new report here.

PERS Annual Comprehensive Financial Report published

We are pleased to present the Annual Comprehensive Financial Report for the fiscal year ended June 30, 2024.

This report offers an in-depth analysis of PERS’ financial performance, providing a thorough overview of the system’s operations and status.

Read the latest report here.

PERS publishes 2024 PERS by the Numbers

Each year, PERS publishes PERS by the Numbers, an annual snapshot of key data and demographics of the Oregon Public Employees Retirement System.

This report distills key performance metrics into an easily-accessible format, making complex financial information easier to understand for a broad range of stakeholders while still doing a deep dive into PERS and its partner programs.

The 2024 report is now available here.

Changes to the PERS Board

PERS is pleased to announce changes to the PERS Board of Trustees, beginning this month.

Board Chair Sadhana Shenoy and Vice Chair Stephen Buckley completed six and nine year terms, respectively, and have stepped down from the board at the culmination of their terms.

In light of these term changes, Governor Kotek has appointed Jardon Jaramillo as the new PERS Board Chair. Also appointed are two new board members, Bob Hestand and Kristen Connor. You can read more about their backgrounds and their roles on the PERS Board on the PERS Board member webpage.

We would like to thank Sadhana Shenoy and Stephen Buckley for their years of engagement and service, congratulate Jardon Jaramillo, and welcome our new members!

Changes to OPSRP Police and Firefighter retirement age

Are you an Oregon Public Service Retirement Plan member with a Police and Firefighter (P&F) classification? Thinking of retiring early and before the end of 2024? You should be aware of changes coming to P&F retirement ages that may affect you.

On January 1, 2025, the normal retirement age for OPSRP P&F members will decrease from 60 to 55. Delaying your retirement date until January 1 or after may result in an increase in your retirement benefit.

If you are retiring between the ages of 50 and 55, delaying until January 1, 2025, or after may also affect your retirement benefits due to a change in the factors used to calculate them.

These changes are the result of legislation passed in 2024 (House Bill 4045).

PERS will add more information about the changes throughout the website as it becomes available.

If you have questions about your specific situation, contact Member Services.

PERS by the Numbers available online

Want to explore the details of how your pension system works? Each year, PERS, the agency, publishes PERS by the Numbers, an annual snapshot of the data and demographics that drive the Oregon Public Employees Retirement System. Read the latest report to learn more.


Events

PERS Education Sessions

Planning for retirement can seem like a daunting task. Don’t wait until the last minute to prepare. Take advantage of the many free sessions our PERS education team has to offer.

Among the resources available to you are education sessions, which cover topics that include:

  • The basics of your plan type (Tier One, Tier Two, or OPSRP).
  • Retirement eligibility criteria.
  • Benefit calculations and estimates.
  • Your retirement option choices.
  • An overview of the retirement application process.

Whether you’re Tier One/Tier Two or OPSRP, you have the option of attending a general education session for your plan type or a session that discusses additional financial planning information and resources.

For registration or more information, visit the education webpage for your plan type:


Videos







Slick Accessible Slider







Subscribe for email or text alerts

Sign up for GovDelivery updates to receive email or text alerts from PERS. GovDelivery is a communications tool that allows you to receive updates on PERS topics that may be of interest to you, including member news and information, education presentations, Oregon Savings Growth Plan, and PERS Health Insurance.

SIGN UP