| TIER ONE/TIER TWO PENSION PROGRAM |
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| Ready to Retire |
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If you are a PERS Tier One or Tier Two member and want to prepare for retirement, please visit the Tier One/Tier Two Retirement Forms and Information page.
If you have questions or need to look up a specific subject in your plan, please visit A-Z: Tier One/Tier Two Member Info.
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| What is Tier One/Tier Two? |
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As a Tier One or Tier Two member (except judge members), you contribute 6 percent of your salary (whether paid by yourself or your employer) into the Individual Account Program (IAP). You retain your existing PERS Chapter 238 Program (Tier One/Tier Two) regular and variable member accounts, but any employee contributions made on or after January 1, 2004, are deposited into your IAP, not into your Tier One or Tier Two member account.
Your IAP account can have earning or losses.
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| Am I Tier One or Tier Two? |
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You are a Tier One member if you began working for a PERS-participating employer on or before December 31, 1995, and worked six full calendar months in a qualifying position requiring at least 600 hours per calendar year.
You are a Tier Two member if you began working for a PERS-participating employer on or after January 1, 1996, and before August 29, 2003, and worked six full calendar months in a qualifying position requiring at least 600 hours per calendar year.
If you first started working for a PERS-participating employer after August 28, 2003, you are a member of the OPSRP Pension Program if you qualified.
Your membership in PERS is portable, meaning that once you become a Tier One or Tier Two member you remain a member if you later leave one participating employer to work in another qualifying position with another participating employer.
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