​How does PERS work?​​​​

The Public Employees Retirement System functions through the partnership of three entities: the Oregon Legislature, Oregon State Treasury, and PERS, the agency. Learn more​ about the role ​each one plays in supporting your retirement system.​​

Retiring? Planning to work after retirement? Tell employers these two things

If you’re in the process of retiring and plan to work after retirement for a PERS-participating employer, you need to tell your future employer the following:

• What your effective retirement date is.
• That your retirement application is in process with PERS.

Failure to provide this information to your future employer could cause you to be incorrectly hired after retirement as a regular employee rather than a retiree-hire. Errors of this kind can negatively impact your retirement benefits, such as delaying payments.

Future employers who need to be notified include any PERS-participating employer you plan to work for after retirement — even your current employer, if you intend to work for them as a retiree-hire.

If you have questions, contact Member Services for assistance.

2022​ member annual statements coming soon

PERS mailed 2022 member annual statements to all non​retired members in May 2023. 

The 2022 statement will reflect your PERS benefits and information through December 31, 2022. 

When you receive your statement, check that all your personal information is correct. If you need to make corrections, follow the instructions on the back of your statement.

For more information, visit the Member Annual Statement FAQs​  web ​page, which is updated each spring.​

IRS retirement contribution limits for 2023

The U.S. Internal Revenue Service, or IRS, sets limits on the amount you can contribute to retirement savings accounts each year.

These limits apply to the Oregon Savings Growth Plan (OSGP), a 457(b) deferred compensation plan.

For 2023, the IRS contribution limits are:

• $22,500 if you are younger than 50.
• $30,000 if you are 50 or older.

In addition, OSGP offers a three-year special catch-up provision for members who meet certain criteria.

Learn more about contribution limits on OSGP's Active Participants webpage.

We are happy to provide this Member Journey Map​ to help guide you through the times in your career and life when you may want to interact with PERS. The map provides helpful information and links to make your PERS journey as smooth as possible. Click on the above thumbnail to get to the fu​ll-sized graphic.​

Retiring soon? A note about the 2022 W-4P tax form

Retiring PERS members need to submit income tax withholding information to PERS using a W-4P form. 

The IRS revised the W-4P in January 2022, and PERS is now accepting the 2022 revised form. 

If you are applying for retirement, use the PERS 2022 W-4P form for your membership type — Tier One/Tier Two or OPSRP. 

You also can find the updated W-4Ps included with other important forms in the retirement application packets for your membership type — Tier One/Tier Two and OPSRP​.