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 the PERS Board
PERS is pleased to announce changes to the PERS Board of Trustees, beginning this month.
Board Chair Sadhana Shenoy and Vice Chair Stephen Buckley completed six and nine year terms, respectively,
and have stepped down from the board at the culmination of their terms.
In light of these term changes, Governor Kotek has appointed Jardon Jaramillo as the new PERS Board Chair.
Also appointed are two new board members, Bob Hestand and Kristen Connor. You can read more about their
backgrounds and their roles on the PERS Board on the
PERS Board member webpage.
We would like to thank Sadhana Shenoy and Stephen Buckley for their years of engagement and service,
congratulate Jardon Jaramillo, and welcome our new members!
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.