To purchase units, you must be a Tier One or Tier Two member working in a P&F-qualifying position as a
police officer or
firefighter, as defined by
Oregon law. Your employer is responsible for accurately reporting your job classification to PERS.
If you are younger than age 60 on your effective retirement date, you can make a lump-sum purchase of all eight units within 90 days before your effective retirement date. If you began making payments for units while you were still working, are age 65 or younger, and have not already purchased all eight units, you may do so within 90 days before your effective retirement date. Only nonretired members can make this purchase, which means your employment cannot be terminated at the time you make the purchase.
To make a purchase, you must complete the
Police Officer and Firefighter Unit Election at Retirement form.
Once you have purchased P&F units, your P&F account balance will appear on your annual statement, along with your classification, your contributions (if applicable) for the statement year, and annual earnings.