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Treasury stays focused on safeguarding your retirement security

Are you concerned about the impact of recent market volatility on your PERS retirement benefits?

Oregon Public Employees Retirement Fund (OPERF) investments are managed by Oregon State Treasury (Treasury) under the direction of the Oregon Investment Council.

Treasury designs its investment strategies to buffer PERS retirement benefits from such market turmoil.

Oregon State Treasurer Dr. Elizabeth Steiner recently shared a message with PERS members about how Treasury focuses on safeguarding your retirement investments.

Read Treasurer Steiner’s full message online.

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.

Restroom remodel at PERS’ Tigard headquarters

The visitors’ women’s restroom on the second floor of our Tigard headquarters building is under construction until June 5.

During this time, the restroom is unavailable. A restroom plan is in place to ensure guests have access to facilities during their visit. We ask that visitors check in at the front desk for directions to the nearest available restrooms.

While we are trying to make the experience go as smoothly as possible, visitors may experience noise and other construction-related disruptions while work is underway. We apologize for any inconvenience this may cause.

Thank you for your patience and understanding as we make these improvements.

PERS produces inaugural PERS Popular Annual Financial Report

PERS is proud to release our first-ever Popular Annual Financial Report.

As part of PERS’ commitment to transparency and providing clear and easily understandable information, this popular annual financial reports is designed to give members, employers, and the public a concise overview of Oregon PERS’ financial health. We are excited to share this helpful resource for anyone who wants to better understand PERS and how the pension system works.

Read the new report here.

PERS Annual Comprehensive Financial Report published

We are pleased to present the Annual Comprehensive Financial Report for the fiscal year ended June 30, 2024.

This report offers an in-depth analysis of PERS’ financial performance, providing a thorough overview of the system’s operations and status.

Read the latest report here.

PERS publishes 2024 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.

The 2024 report is now available here.

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.