Eligible employees will be enrolled in one of the following retirement programs administered by the Oregon Public Employees Retirement System (PERS):
Tier One or Tier Two PERS program
Oregon Public Service Retirement Plan (OPSRP)
Employees hired on or after Aug. 29, 2003 become part of OPSRP (after working for the City for a six-month waiting period), unless membership was previously established in PERS.
Contributions to the program are based on the employee’s salary. The City pays the "employer" contribution for all City employees. In addition, the City contributes the 6% of salary "employee" contribution for all employees except those represented by the IAFF bargaining unit. The 6% employee contribution is deposited into the Individual Account Program (IAP) for both PERS and OPSRP members.
PERS provides free group counseling sessions for PERS and OPSRP members. City employees may attend one in-person group counseling session or web-based session per year on work time with prior supervisory approval. Participation in web-based sessions is considered work time if the employee is at a city work site and has prior supervisory approval.
If you are retiring within 90 days, you can schedule an individual meeting with a PERS retirement counselor. These individual sessions are not considered work time.