Eligibility Requirements: All employees with the exception of students and graduate assistants are eligible to participate in the Pension 401a plan after completing six full months and 600 hours based onÌý. Unclassified staff receives enrollment information from the Human Resources Office at least 30 days prior to becoming eligible to participate. PERS Contributions for Classified staff begin once eligible and no action is needed.
If you change from Classified to Unclassified, you will be able to choose to remain in PERS/OPSRP or switch to the Optional Retirement Plan after completing six months in the unclassified position.
Note: Employees of the University on an Educational Visa (J-1, F-1, etc.) are not eligible to participate in the retirement program per Oregon Revised Statute 238.015(4) and Oregon Administrative Rule 459.010.0025(1). These types of employees can participate in our voluntary retirement savings plan.
ÌýHelpful Links:
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Employees in Unclassified AAUP-represented PositionsÌý(AAUP)
After meeting the eligibility requirements(usually after six months in any calendar year), you will have a choice between the two plans listed below.
This decision is irrevocable and remains with the employee through their employment with any Oregon Public University
*Employees not living or working in the State of Oregon (not paying Oregon taxes) are not eligible to participate in the PERS/OPSRP program.Ìý.
Choice 1:Ìý
Must work a minimum of 600 hours in a calendar year to remain eligible. You are unable to roll other retirement funds in or roll any funds out. You are unable to add any contributions to your PERS/OPSRP.
Employee Contribution:ÌýÃå±±½ûµØ pays 6% of gross monthly salary each month (vests immediately). This individual account program (IAP) is managed by the Oregon Investment Council through PERS.
Employer Contribution:ÌýÃå±±½ûµØ pays each month into a defined benefit pension plan. Pension benefits are based on a formula: 1.5 percent x years of retirement credit x final average salary. (Vesting after 5 years of contributions or age 65).
* If you are already an active PERS Tier 1 or Tier 2/OPSRP member, you may be eligible to have contributions begin upon hire and remain in current tier status. Please contact our retirement team atÌýretirement@pdx.edu.
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Choice 2:Ìý
Once eligibility is established, a 600 hours minimum is no longer required.
Employee Contribution:ÌýÃå±±½ûµØ matches 1% - 4% of gross monthly salary each month depending on employee contributions to a 403b plan (both employee and matching contributions vestÌýimmediately).
Employer Contribution:ÌýÃå±±½ûµØ pays 8% of gross monthly salary each month. (Vests after 5 contribution years or age 50).
ORP Participants
- TIAA (Teachers Insurance and Annuity Association)
- 800.842.2888
- Plan ID: 101528
- Fidelity Investments
If you are already an active PERS Tier 1 or Tier 2/OPSRP member, contributions will begin upon hire. You are still eligible, after six full months, to make the decision to remain with PERS/OPSRP or switch to the ORP.
Ìý
Employees in Unclassified AFT-represented PositionsÌý(AFT)
After meeting the eligibility requirements (usually, after 600-hours are met in a calendar year), you will have a choice between the two plans listed below.ÌýThis decision is irrevocable and remains with the employee through their employment with any Oregon Public University.
*Employees not living or working in the State of Oregon (not paying Oregon taxes) are not eligible to participate in the PERS/OPSRP program.Ìý.
Choice 1:Ìý
Must work aÌýminimum of 600 hours in a calendar year to remain eligible. You are unable to roll other retirement funds in or roll any funds out. You are unable to add any contributions to your PERS/OPSRP.
Employee Contribution:ÌýAs an AFT member, theÌýemployee pays 6%Ìýof gross monthly salary each month (vests immediately). This individual account program (IAP) is managed by the Oregon Investment Council through PERS.
Employer Contribution:ÌýÃå±±½ûµØ pays each month into a defined benefit pension plan. Pension benefits are based on a formula: 1.5 percent x years of retirement credit x final average salary. (Vesting after 5 years of contributions or age 65).
* *If you are already an active PERS Tier 1 or Tier 2/OPSRP member, you may be eligible to have contributions begin upon hire and remain in current tier status. Please contact our retirement team atÌýretirement@pdx.edu.
Ìý
Choice 2:Ìý
Once eligibility is established, aÌý600 hours minimum is no longer required.
Employee Contribution:ÌýÃå±±½ûµØ matches 1% - 4% of gross monthly salary each month depending on employee contributions to a 403b plan (both employee and matching contributions vestÌýimmediately).
Employer Contribution:ÌýÃå±±½ûµØ pays 8% of gross monthly salary each month. (Vests after 5 contribution years or age 50).
ORP Participants
- TIAA (Teachers Insurance and Annuity Association)
- Fidelity Investments
If you are already an active PERS Tier 1 or Tier 2/OPSRP member, contributions will begin upon hire. You are still eligible, after six full months, to make the decision to remain with PERS/OPSRP or switch to the ORP.
Helpful Links:
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Employees in Classified Positions
After meeting the eligibility requirements, you will automatically be enrolled in the Oregon Public Service Retirement Plan (OPSRP).
Must work a minimum of 600 hours in a calendar year to remain eligible. You are unable to roll other retirement funds in or roll any funds out. You are unable to add any contributions to your PERS/OPSRP.
Employee Contribution:ÌýÃå±±½ûµØ pays 6% of gross monthly salary each month(vests immediately). This individual account program (IAP) is managed by the Oregon Investment Council through PERS.
Employer Contribution:ÌýÃå±±½ûµØ pays each month into a defined benefit pension plan. Pension benefits are based on a formula: 1.5 percent x years of retirement credit x final average salary. (Vesting after 5 years of contributions or age 65).
If you are already an active PERS Tier 1 or Tier 2/OPSRP member, you may be eligible to have contributions begin upon hire and remain in current tier status. Please contact our retirement team atÌýretirement@pdx.edu.
*Employees not living or working in the State of Oregon (not paying Oregon taxes) are not eligible to participate in the PERS/OPSRP program.Ìý.