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Resources for retiring members

To help you in your final preparations for retirement, we’ve compiled several resources you may wish to explore.

If you have not already done so, we recommend you also explore the reference guide and steps to retire pages for your membership type:

Unsure what your membership type is? Read the What plan am I in? page to help you identify it.

Our Tax information page provides links to information and resources about the 1099-R tax form, Oregon withholding rules, tax remedy, and tax calculators.

In addition, the Internal Revenue Service is a resource for federal tax information, including its When you retire webpage. Check out that page to find information about required minimum distributions and taxes on distributions from retirement accounts.

For state tax questions, go to the Oregon Department of Revenue’s website if you’re an Oregon resident. If you live outside of Oregon or plan to leave Oregon, contact the state or other local tax authority in the area you are or will live in.

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PERS staff are not certified financial planners nor tax advisors and cannot give financial planning advice.

PERS does offer expanded education sessions that include basic financial planning information provided by CoreBridge Financial, a PERS partner. (Note: This partnership does not represent an endorsement of CoreBridge Financial’s products or services.)

If you are considering hiring a financial advisor for help, read our Important information about selecting a financial advisor webpage first.

The Oregon Division of Financial Regulation provides further information about choosing a financial professional, including a description of fiduciary duty. The U.S. Consumer Financial Protection Bureau also provides a definition of what a fiduciary is.

Additionally, PERS members who participate in the Oregon Savings Growth Plan (OSGP) have access to local representatives with whom they can meet for general retirement questions or to have a personalized retirement account evaluation.

Beyond this, ask your bank, credit union or local senior services organization if they offer financial planning help or can refer you to resources in your community.

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When you stop working, the cost of your insurance coverage will rest solely on you.

Depending on your age and other factors at retirement, you may or may not yet be eligible for Medicare coverage. Even when you are eligible, Medicare does not cover all health care costs, and you may wish to have supplemental coverage to bridge the gap.

Retiring PERS members have access to several health insurance options through the PERS Health Insurance Program (PHIP). PHIP offers Medicare and non-Medicare plans, as well as dental options.

If you have questions about Medicare, check out the Oregon Senior Health Insurance Benefits Assistance (SHIBA) program. SHIBA offers certified, local counselors who can help.

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Working after retirement involves a number of rules and restrictions you may need to adhere to. If you are considering working for a PERS-qualifying employer after retirement you will want to explore the Work After Retirement (WAR) rule for your membership type.

Find more information as follows:

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