2026 cost-of-living increase
If you are a PERS retiree or beneficiary receiving a monthly pension benefit, your annual
cost-of living adjustment (COLA) will go into
effect on July 1, 2026. You will see it reflected on your August 1, 2026, benefit payment and going forward.
PERS and Oregon State Treasury webinars recap
On January 20 and 22, 2026, PERS Director Kevin Olineck and
Oregon State Treasury presented two webinars on how the PERS pension portfolio is
invested and how it’s performing. These two sessions are the first in a new series. Additional webinars will
be announced later this year.
Panelists for both webinars were:
- Elizabeth Steiner, Oregon State Treasurer
- Kevin Olineck, PERS Director
- Rex Kim, Oregon State Treasury Chief Investment Officer
If you missed the webinars, you can watch them and view the presentation slides below:
PERS publishes three annual reports
PERS’ three annual reports are now available! Read more about each one below.
2025 PERS Annual Comprehensive Financial Report
We are pleased to present the
2025 PERS Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2025.
This report offers an in-depth analysis of PERS’ financial performance, providing a thorough overview of
the system’s operations and status.
Read the report
here.
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.
Read the report
here.
PERS 2025 Popular Annual Financial Report
As part of PERS’ commitment to transparency and providing clear and understandable information, this report
is designed to give members, participating employers, and the public a concise overview of Oregon PERS’
financial health with the information from ACFR.
We are excited to share this helpful resource for anyone who wants to better understand PERS and how the
pension system works.
Read the report
here.
PERS benefits unchanged by Social Security Fairness Act
The Social Security Administration (SSA) is now processing payments for retirees affected by the
Social Security
Fairness Act, which was signed into law on Jan. 5, 2025.
The act repeals the Windfall Elimination Provision and Government Pension Offset, which reduced Social
Security payments for about 3.2 million people nationwide. These individuals were receiving pension benefits
from jobs where they did not pay Social Security taxes.
Eligible Americans will receive retroactive payments of Social Security benefits dating back to January
2024.
This action by SSA will not change your PERS benefits.
For more information, read SSA’s
Social Security
Fairness Act webpage or
contact SSA.
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? You should be aware of a change to the P&F retirement age that may affect you.
On January 1, 2025, the normal retirement age for OPSRP P&F members decreased from 60 to 55.
This change is the result of legislation passed in 2024 (House Bill 4045).
PERS will add more information about this change throughout the website as it becomes available.
If you have questions about your specific situation,
contact Member Services.