2025 cost-of-living increase
If you are a PERS retiree or beneficiary receiving a monthly pension benefit, your annual
cost-of living adjustment
(COLA) will go into effect on July 1, 2025. You will see it reflected on your August 1, 2025,
benefit payment and going forward.
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.
Upcoming restroom remodel at PERS’ Tigard headquarters
The visitors’ women’s restroom on the second floor of our Tigard headquarters building will be under
construction from March 2 to April 27.
During this time, the restroom will be 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.