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.
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.