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!
PERS Expo 2024 website still available
If you missed PERS Expo 2024 in early October, don’t worry. You can still access the website to learn more about your PERS benefits and how you can create a secure retirement.
The
PERS Expo 2024 website remains open.
You can explore information about your PERS benefits, additional retirement savings options, post-retirement health insurance options, the PERS retirement process, and other related topics.
Resources include videos, recorded sessions and workshops, and retirement checklists. Check out the “Ask Experts” area of the website for questions your fellow public employees posed while the PERS Expo event was live on October 1. Note that PERS is no longer accepting live questions via the website.
Return to the PERS Expo website as often as you need to gain a better understanding of your PERS retirement benefits.
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? Thinking of retiring early and before the end of 2024? You should be aware of changes coming to P&F retirement ages that may affect you.
On January 1, 2025, the normal retirement age for OPSRP P&F members will decrease from 60 to 55. Delaying your retirement date until January 1 or after may result in an increase in your retirement benefit.
If you are retiring between the ages of 50 and 55, delaying until January 1, 2025, or after may also affect your retirement benefits due to a change in the factors used to calculate them.
These changes are the result of legislation passed in 2024 (House Bill 4045).
PERS will add more information about the changes throughout the website as it becomes available.
If you have questions about your specific situation,
contact Member Services.
Retiring? Planning to work after retirement? Tell employers these two things
If you’re in the process of retiring and plan to work after retirement for a PERS-participating employer, you need to tell your future employer the following:
- What your effective retirement date is.
- That your retirement application is in process with PERS.
Failure to provide this information to your future employer could cause you to be incorrectly hired after retirement as a regular employee rather than a retiree-hire. Errors of this kind can negatively impact your retirement benefits, such as delaying payments.
Future employers who need to be notified include any PERS-participating employer you plan to work for after retirement — even your current employer, if you intend to work for them as a retiree-hire.
If you have questions,
contact Member Services for assistance.
PERS by the Numbers available online
Want to explore the details of how your pension system works? Each year, PERS, the agency, publishes PERS by the Numbers, an annual snapshot of the data and demographics that drive the Oregon Public Employees Retirement System.
Read the latest report to learn more.