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  • PERS

PERS

Information Center

Latest Information

  • Employer Incentive Fund (EIF) - Updates for matching funds. 
  • PERS employer contribution rates  - Summary of employer contribution rates.
  • PERS by the Numbers - System demographics, benefits, funding level, revenue and economic benefit of PERS.
  • PERS Employer Rate Projection Tool - Tool helps to forecast employers possible contribution rates and amounts, and helps understand the potential impact of creating new side accounts.
  • UALRP Guide to Understanding Your Rate - Oregon PERS published this guide each November to help in understanding the factors that determine the employer contribution rate and what can be done to potentially reduce it.

Current earnings

  • IAP Earnings
  • Tier One Earnings
  • Tier Two Earnings
  • Variable Earnings

Budget Information

  • 2019-21 Budgeted PERS Contribution Rates for State Government
  • 2021 PERS Financial Modeling 
Reform

2019 -  redirects a portion of employee contributions to an employee pension stability account.

2013 - reduces the amount of the COLA a PERS retiree will receive in the future, eliminates the out-of-state tax remedy for individuals who do not reside or pay income taxes in Oregon, and provides for direct appeal of any legal challenges to the bill to the Oregon Supreme Court.

2011 - Estimated rate of return 2.21%, 66% of the system’s total accrued liability is for members who are no longer working in covered employment (and therefore they are no longer paying anything to cover their benefits).

2010 - Rate of return was 12.44%, higher than expected.

2009 - Rate of return was 19.12%, higher than expected.

2008 - System lost 27% of value going from $65 billion to $46 billion.

2007 - Valuation funded status reached 112%; employer rates reduced by 3%

2003 - UAL calculated at $17 billion; 2003 Legislature approved modifications to reduce UAL as follows:

  • Crediting rate for Tier 1 could not exceed guaranteed rate (8%) unless gain/loss reserve is fully funded for 3 years

  • Shifted 6% employee contributions to IAP, significantly limiting money match.

  • Modernized mortality tables

  • Created new, 5-member board, where PERS members can only hold one seat.

  • OPSRP created: “hybrid” benefit plan with both DB and DC elements.

1997-2007 - over 95 districts used bonds to pay down their share of the UAL

 
Other Resources

PERS glossary

PERS Website - The home page of the Oregon Public Employees Retirement System website.

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