Employee Resignation/Retirement Form 

2019 - 2020 PERS Retirement Information By Group

ATU

• ATU Retirement FAQ 
• ATU Early Retiree Benefits Information

DCU

• DCU Retirement FAQ
• DCU Early Retiree Benefits Information

Licensed Administrators

• Licensed Administrators Retirement FAQ
• Licensed Administrators Retiree Benefits Plans
• Licensed Administrators Retiree Rates

Non-Represented

• Non-Represented Employee Retirement FAQ
• Non-Represented Retiree Benefits Plans
• Non-Represented Self-Pay Retiree Rates (See the last section of the rate sheet)

PAT

• PAT Retirement FAQ
• PAT Early Retiree Benefits Information

PFSP

• PFSP Retirement FAQ
• PFSP Early Retiree Benefits Information

SEIU

• SEIU Retirement FAQ
• SEIU Retiree Benefits Plans
• SEIU Self-Pay Retiree Rates (See the last section of the rate sheet)

Presentations are PERS tier specific. Check your tier before signing up:

Tier I - Employees hired before 1/1/1996

Tier II - Employees hired between 1/1/1996 - 8/28/2003

OPSRP - Employees hired on or after 8/29/2003

PERS Education Sessions: 

PERS offers weekly Education Presentations for all members.  You can register for these workshops directly through PERS by clicking here.

All About OPSRP - PERS presentation

Membership is established after completion of a six (6) month waiting period for employees who work at least 600 hours per year and requires an employee contribution of 6% of gross salary on a pre-tax basis. If you are an existing PERS member, your mandatory contributions begin immediately. Employees hired on or after 8/29/03 are OPSRP members unless membership was previously established by PERs. There are two separate funds for OPSRP members.

1. The OPSRP Pension Program is funded by your employer. PPS contributes an amount set by state statute, necessary to continue funding the pension program. To gain access to the pension program you have to be vested which usually occurs after five (5) years of working at least 600 hours per year. Members automatically vest at age 65, even if they have worked fewer than five years.
2. The Individual Account Program (IAP) is the 6% contributed by you. Your account is credited with earnings or losses annually based on investment returns.

For additions information please visit the PERS website

PERS / OPSRP Perspectives:

Tier I - Employees hired before 1/1/1996

Tier II - Employees hired between 1/1/1996 - 8/28/2003

OPSRP - Employees hired on or after 8/29/2003

The latest editions of the Public Employees Retirement System (PERS) newsletter, Perspectives, are now available online. The newsletters contain helpful information and updates about your retirement plan.

Tier One/Tier Two members (hired before August 29, 2003) - http://www.oregon.gov/pers/MEM/Documents/Perspectives/Tier-One-Tier-Two-Perspectives-12-1-17.pdf

OPSRP members (hired after August 28, 2003) - http://www.oregon.gov/pers/MEM/OPSRP/Documents/Perspectives/OPSRP-Perspectives-12-1-17.pdf

Reminder: PERS has a new mass communications tool that allows you to receive email or text message updates on PERS topics that may be of interest to you, such as when new issues of Perspectives are available. Sign up and choose your topics: https://public.govdelivery.com/accounts/ORPERS/subscriber/new

If you have any questions or feedback, you can contact PERS directly.

403(b) is a voluntary supplemental retirement savings program offered under section 403(b) of the Internal Revenue Code and is called the Tax-Sheltered Annuity Plan ("TSA Plan"). All employees are eligible to participate and you may start and stop or change contributions at any time. To start contributions you must establish an account with an approved vendor and and enroll online through Employee Self-Service. View the 403(b) Terms and Conditions.

The 403(b) plan is administered by Carruth Compliance Consulting. Visit the Carruth Compliance Consulting website for plan information, district approved vendors and more. If you need additional plan information or have questions specific to your situation, please contact Carruth at 503-968-8961.

2020 Annual Limits and List of Vendors

Vendor Comparison Chart

Vanguard Fee Change Announcement - May 21, 2019

403(b) enrollment and changes now completed online through Employee Self-Service.

Online Enrollment Instructions - via PeopleSoft Employee Self Service

Please note: The Vanguard Group now offers Roth 403(b) accounts. If you already have a Vanguard pre-tax account, you do not need to contact them to begin contributing to a Roth 403(b) account.

If you do not have a Vanguard pre-tax account, please click here for a quick guide on creating a new account, or call Vanguard at 1-800-569-4903 and give them Plan ID - V10100690 to set up your account.