If you began working for a PERS-participating employer and worked six full calendar months for a PERS-participating employer in a qualifying position requiring at least 600 hours per calendar year you qualify for:
Tier One - began working on or before December 31, 1995
Tier Two - began working on or before January 1, 1996
OPSRP (Oregon Public Service Retirement Plan members) - began working on or before August 28, 2003
How do I get started? Talk to your financial advisor for advise on the best time to retire from PERS.
I'm ready to begin the process, what do I do next?
For PERS - initiate the application process. Click here to visit the website
For the District - submit a letter of resignation that includes your PERS Retirement Date (always the first day of the month in which you plan to retire from PERS), and your DISTRICT retirement date. Here is an example:
"I would like submit my resignation for PERS Retirement purposes. My PERS retirement date is January 1, 2024. I would like to continue working in my position for the remainder of the school year, and would like to return in for the 2024-2025 school year".
What changes for me after I become working retired?
* All of your accrued leave up to your PERS retirement date is submitted to PERS. You are then awarded leave at the accrual rate beginning on your first day of working retiree status. For example, if you retire from PERS January 1, then you would accrue leave from January through the last month of your work calendar. Sick Leave, Personal Leave, Vacation (if applicable) is accrued and front loaded, and does not carry over from year to year.
* All of your wages up to your PERS retirement date are paid and reported to PERS. You would then resume pay, calculated using the number of days remaining in your work calendar. For example, pay would be averaged through December 31 and paid to you on your December paycheck and totals to date reported to PERS. Paychecks would then be recalculated and averaged beginning January 1 through the end of your work calendar.
* District contributions to your PERS ends.
What doesn't change for me after I become working retired?
* Your pay rate does not change.
* Insurance: Opt-Out and District Insurance Benefits remain the same as other active employees. There are no changes to benefits until you retire from the District.
OSGP is a 457(b) deferred compensation plan that provides Oregon public employees with a convenient way to save for retirement by allowing them to contribute a portion of their salary on a pre or after tax basis.
All state employees, and local governments who opt to participate, are eligible to enroll upon hire.
Oversight, Authority, and Administration
Trustee – Oregon Public Employees Retirement System (OPERS) Board
Administrator – Director, OPERS
Investment Oversight – Oregon State Treasury (OST) and the Oregon Investment Council (OIC)