[DAS_Centralized_PERS_Services_Team] FW: December 2021 Perspectives newsletter for Tier One, Tier Two members

Wed Dec 1 16:10:18 PST 2021

Forwarding on behalf of PERS.

Shauna Tobiasson |  Senior CPERS Analyst
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
DAS Centralized PERS Services Team
Cell: 971-719-3173
Website: http://www.oregon.gov/DAS/Financial/payroll/Pages/index.aspx
“I have the most valuable commodity in America: the blind stubborn belief that I’m doing what is right” – Leslie Knope

From: Oregon PERS <OregonPERS at public.govdelivery.com>
Sent: Wednesday, December 1, 2021 4:03 PM
To: TOBIASSON Shauna M * DAS <Shauna.M.TOBIASSON at das.oregon.gov>
Subject: December 2021 Perspectives newsletter for Tier One, Tier Two members

VIEW AS A WEBPAGE<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL2NvbnRlbnQuZ292ZGVsaXZlcnkuY29tL2FjY291bnRzL09SUEVSUy9idWxsZXRpbnMvMmZkODdmMCJ9.DK2qQZu9TyJQcwvIsd52vHN10zp685eR9B1x9C3N4fU/s/778057492/br/122094850900-l>

[Oregon PERS Perspectives newsletter for Tier One, Tier Two members; background of snow-covered Oregon mountain]

DECEMBER 2021
2021 virtual Expo offers retirement guidance

[Screenshot of 2021 PERS Expo website]More than 4,600 public employees explored this year’s PERS Expo, learning more about their PERS benefits to help them prepare for a secure retirement. Expo was again offered as an online-only event due to the COVID-19 pandemic. However, this year, PERS built on the resources and materials offered virtually in 2020 to provide members with live, interactive, and on-demand presentations as well as question-and-answer sessions.

Expo was launched in October, with live sessions presented October 5 and 6. If you were unable to attend in October, Expo resources and recordings are still available to explore online<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5lbmdhZ2V6Lm5ldC9QRVJTRXhwbzIxIn0.XeSyZAE_5RARl6CTNqbJx6bQfNjuvivMSZQ_SjunZvU/s/778057492/br/122094850900-l> through December 31, 2021.

Expo’s offerings include:

  *   Checklists of key steps to take to help create a secure retirement.
  *   Overviews of PERS retirement plans — Tier One, Tier Two, and Oregon Public Service Retirement Plan (OPSRP).
  *   Options for extra retirement savings beyond PERS, including Oregon Savings Growth Plan (OSGP) and its advantages.
  *   Health insurance options offered to retirees by PERS Health Insurance Program.
  *   Various recorded PERS and OSGP presentations.

The goals of this year’s virtual Expo remained the same as always: to help members better understand their PERS benefits and plan for a secure financial future.

[Example image of a PERS member annual statement]
2021 member annual statements to arrive in May

As year’s end approaches, you may wonder when you will receive your next member annual statement. Your 2021 statement will be mailed by the end of May 2022 and will reflect data submitted by your employer as of December 31, 2021.

It takes that long to prepare your statement for two reasons:

  *   The PERS Board must adopt final earnings crediting before statements can be finalized. In 2022, the board will vote on adoption on March 28.
  *   PERS must painstakingly check the accuracy of contribution information received from more than 900 employers regarding thousands of member accounts.

While you wait, explore our Member Annual Statement FAQs<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL01lbWJlci1Bbm51YWwtU3RhdGVtZW50LUZBUXMuYXNweCJ9.i-1s91v9QT1yTvs_Qro6UR_pD_sA17Du7hGdyUB1rP4/s/778057492/br/122094850900-l> webpage, which includes interactive examples and information to help you understand your statement. Also, check that your address is correct through your Online Member Services<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.yRaG45HajPZgXwZ7nTj_B5edYTb36-Xq2sd8yX55XVw/s/778057492/br/122094850900-l> (OMS) account. If you need to change it, contact your employer to have it updated in the PERS reporting system. If you are not currently working for a PERS-participating employer, you can change your address yourself in OMS. Make any necessary changes by February 28, 2022.

To receive alerts about annual statements, sign up for GovDelivery emails from PERS. If you have questions, contact Member Services<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.WGySRZCumejTS8W9n6wYeOKiTkJF35Z-cj0m2Wi4rcE/s/778057492/br/122094850900-l> for help.
SIGN UP FOR GOVDELIVERY<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvbmV3P3RvcGljX2lkPU9SUEVSU184In0.RfKEd5pAM60vzBXoRWFUJ15Hr4uJ_mgZlhz2_ZTV3L0/s/778057492/br/122094850900-l>

One-time variable transfer deadline
[Deadline icon]

Do you have a variable account you want to permanently transfer into your regular account beginning January 1, 2022? If yes, then PERS must receive a completed One-Time Variable Transfer<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vMzU0Vy1PbmUtVGltZS1WYXJpYWJsZS1UcmFuc2Zlci1BY3RpdmUtb3ItSW5hY3RpdmUtTWVtYmVycy5wZGYifQ.TAgmULzTq4mnSw43qkwtZoOZDxNRB0dnczekuFsSSzk/s/778057492/br/122094850900-l> form from you no later than December 31, 2021. Read the form and our One-Time Variable Account Transfer<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL09uZS1UaW1lLVZhcmlhYmxlLUFjY291bnQtVHJhbnNmZXIuYXNweCJ9.PjkSrPuQPsF11Kvflq7mIcvzCge03xItxV_JUP8sXT8/s/778057492/br/122094850900-l> webpage for eligibility requirements and more information.

DOWNLOAD FORM<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vMzU0Vy1PbmUtVGltZS1WYXJpYWJsZS1UcmFuc2Zlci1BY3RpdmUtb3ItSW5hY3RpdmUtTWVtYmVycy5wZGYifQ.00cHLxD6Wj23HZsT3HUh8Ag5IlN2VEpoHCYXbm8hIZw/s/778057492/br/122094850900-l>

Find salary limit information on our website

[Salary limit icon]At PERS, a “subject salary” is used to determine member IAP contributions, employer contributions to fund the pension program, and the final average salary for calculating retirement benefits under formula methods. In 2020, Senate Bill (SB) 1049 began changing limits on subject salaries. The limits can vary each year based on the Consumer Price Index.

For more details about SB 1049 and salary limits, read the Senate Bill 1049 (2019) — Member Information<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS5hc3B4In0.4VanZ49MEsRTkUJx_dHBN_uspzBRhJj6ii0a_iyro9I/s/778057492/br/122094850900-l>, SB 1049 Changes: Salary Limit<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCLTEwNDktQ2hhbmdlcy1TYWxhcnktTGltaXQuYXNweCJ9.FgOjJExyP9Wl5wsh9fTOeBqArLPFWfHv7UOoV0v-Pzc/s/778057492/br/122094850900-l>, and Partial Year Salary Limits<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1BhcnRpYWwtWWVhci5hc3B4In0.SB5VDMPrgITSr1_seKj7Xd-2tZNJC65-sDAfugwc19A/s/778057492/br/122094850900-l> webpages.

Keep your beneficiary designations up to date
<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3ZpbWVvLmNvbS80NjU0MjEzOTYifQ.Y_aH3xApNdAibvn9OaBt_PRNceC3iaSJYMY4rtLttUY/s/778057492/br/122094850900-l>[Screenshot from OSGP video "Why designate a beneficiary?"]<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3ZpbWVvLmNvbS80NjU0MjEzOTYifQ.Y_aH3xApNdAibvn9OaBt_PRNceC3iaSJYMY4rtLttUY/s/778057492/br/122094850900-l><https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3ZpbWVvLmNvbS80NjU0MjEzOTYifQ.Y_aH3xApNdAibvn9OaBt_PRNceC3iaSJYMY4rtLttUY/s/778057492/br/122094850900-l>

Naming your beneficiaries<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3ZpbWVvLmNvbS80NjU0MjEzOTYifQ.kZVNDiXjq7cW9uOWF19zltbAJeigNhflADW_n3Fdje8/s/778057492/br/122094850900-l> and keeping those designations current is a critical part of retirement planning.

Here’s why: If you have not designated a beneficiary prior to your death, PERS will pay the balance of your member account to your estate at the time of your death.

Locating next of kin can be challenging and substantially delay payment of your benefits to your survivors. To avoid delays, PERS encourages members to complete and submit beneficiary forms for your pension<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vMDk0LVRpZXItT25lLW9yLVRpZXItVHdvLVByZS1SZXRpcmVtZW50LUJlbmVmaWNpYXJ5LURlc2lnbmF0aW9uLnBkZiJ9.U8QCzjlbscctjxSsuspU6jHrk7giu1mPTbS7g-M4JBw/s/778057492/br/122094850900-l> and your Individual Account Program<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vNDY5LUlBUC1QcmUtUmV0aXJlbWVudC1EZXNpZ25hdGlvbi1vZi1CZW5lZmljaWFyeS1QYWNrZXQucGRmIn0.CCFye01yOTP9n5GQwKHrObqOMIM6WteyvEiN6V-Jd_s/s/778057492/br/122094850900-l> (IAP) account. If you have designated a beneficiary and die before retirement, PERS will pay the amounts in your Tier One or Tier Two member account and your IAP account to your designated beneficiary.

If your death meets certain criteria, your employer may pay your beneficiary an additional amount that matches the value of your Tier One or Tier Two member account.

If your spouse is your sole Tier One or Tier Two beneficiary, they can receive the Optional Spouse Death Benefit (OSDB), which is a lifetime monthly payment based on your salary and service credit, if certain conditions are met:

  *   You are working for a PERS-participating employer at the time of your death, or your death is within 120 days after your employment ended.
  *   Survivors immediately notify PERS about your death.
  *   Your spouse completes an OSDB estimate/election form that PERS sends them. PERS must receive the form from your spouse within 60 days from your date of death. Postmarks do not count.

When your survivors or executor notify PERS<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvSExQL1BhZ2VzL0hhdmUtYS1EZWF0aC1pbi10aGUtRmFtaWx5LVRpZXItT25lLVRpZXItVHdvLU1lbWJlcnMuYXNweCJ9.5fhuRZblOv0E1mPk1lvlywS4hIXu59IPRseZSckCBYs/s/778057492/br/122094850900-l> of your death, PERS will ask them to provide the date of death, city and state where the death occurred, a photocopy of the death certificate, and their contact information.

Processing death benefits typically can take one to two months. To avoid processing delays, consider keeping you beneficiary designations current. Again, your survivors or executors should notify PERS of your death as soon as possible.

If you have questions, you can contact PERS<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.gRAwTZl4afrKasF3oeP2DdHaC2p2LQU2_xy64AlqauQ/s/778057492/br/122094850900-l> at any time, but you may especially want to do this when major life events occur. Major events include marriage, divorce<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0dldC1EaXZvcmNlZC5hc3B4In0.RtFJhKUb85z8G4sjSad3tYJxei-jr6Sv_4P083Lv5vk/s/778057492/br/122094850900-l>, or the death of a beneficiary.

A new Perspectives

[Email icon]You may have noticed something’s different about your member newsletter, Perspectives. Starting with this edition, PERS is providing you with member news in an email format. Previously, we emailed you links to where you could find a digital version of the newsletter on the PERS website.

Now, important member news and reminders will come directly to you — three times a year in your inbox. You can still access past editions of Perspectives on the News page of our website.

ACCESS PAST EDITIONS<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTmV3cy5hc3B4In0.t_hOQQPSM_2zLsGaIY3F5doCKb5JILbUYfEmSzAOd_M/s/778057492/br/122094850900-l>

Oregon Legislature defines PERS and its benefits

[Image of Heather Case, PERS Senior Policy Advisor]By Heather Case, PERS Senior Policy Advisor

The Oregon Legislature does many things that affect our daily lives as Oregonians, including serving as the “plan sponsor” for the Public Employees Retirement System (PERS).

As plan sponsor, the Legislature sets the rules that govern the retirement system in which public employees participate. The laws that the Legislature makes define who a PERS member is, what benefits a member can receive at retirement, retirement eligibility criteria, and so on.

To put PERS laws into action, the Legislature established an agency in 1946 to administer the retirement system in partnership with more than 900 public employers. That agency also is known by the acronym PERS.

PERS, the agency, as part of its administrative role, assists more than 384,000 current and former public employees or their beneficiaries with their retirement benefits. The agency maintains information about PERS members, educates them about their benefits and retirement-related resources (including the Oregon Savings Growth Plan and PERS Health Insurance Program), helps them navigate the retirement application process, and pays them their benefits after retirement.

In total, three entities play critical roles in the PERS system, ensuring it runs efficiently and effectively:

  *   The Legislature creates the rules of the system.
  *   Oregon State Treasury — especially the Oregon Investment Council — invests and manages assets within the Oregon Public Employees Retirement Fund (OPERF), which is the source of PERS pensions.
  *   PERS, the agency, follows the rules set by the Legislature to administer the plan and ensure members get paid the right benefit at the right time.

Like the three legs of a stool, those three entities must work together to support the overall system.

For example, not every legislator is an expert in PERS. Because of this, PERS, the agency, works with lawmakers during and between legislative sessions to help them understand the plan and the effect that proposed laws can have if passed.

It is important for the agency to work with the Legislature because the agency must implement any legislative changes lawmakers make. The agency also works with individual legislators on PERS-related issues brought to them by their constituents.

This agency-Legislature relationship is vital to supporting the PERS system and ultimately important to serving you — our PERS members.

Looking for health insurance options?

[PERS Health Insurance Program logo]If you are about to retire and reviewing your health insurance options, visit the PERS Health Insurance Program<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5wZXJzaGVhbHRoLmNvbSJ9.oxqfPFb3oSakz_NTkFOmD6jFFVVfXSV7Mg9rPQtekJQ/s/778057492/br/122094850900-l> (PHIP) website. The website offers information about PHIP eligibility rules; Medicare, non-Medicare, and dental plans; PHIP rates; and answers to other health insurance questions.

Contact PHIP at 1-800-768-7377 or visit the PHIP website<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5wZXJzaGVhbHRoLmNvbSJ9.AIw15qlw4a5aUFMZgK35ROXMu8DFAgNakxai48Yh3V4/s/778057492/br/122094850900-l> for more information.

Retirement process reminders

[Reminder icon]Are you planning to retire in the near future? Don’t wait until the last minute to prepare.

Check out these helpful resources from PERS to get ready:

  *   Review PERS’ I Want to Retire<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1RpZXJPbmUtVGllclR3by1TdGVwcy10by1SZXRpcmUuYXNweCJ9.gW2IHIDuwhVquweKd6kvPrkyUqPAIVW0GYyNDedSjgI/s/778057492/br/122094850900-l> page and follow the instructions.
  *   Attend an education session<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1RpZXItT25lLVRpZXItVHdvLVByZXNlbnRhdGlvbnMtSW5kZXguYXNweCJ9.pb6oo-Y-50eLnOGl_-3sD0R2NwEUQVmdXw0fQiXzbzE/s/778057492/br/122094850900-l>. Sessions are currently available only by webinar due to the COVID-19 pandemic.
  *   Schedule a retirement application assistance session (RAAS)<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1JBQVMvUmV0aXJlbWVudC1BcHBsaWNhdGlvbi1Bc3Npc3RhbmNlLVNlc3Npb25zLmFzcHgifQ.EO1_uJDNOeHMCP6jY1YQ38k_UqP4h6jbrfezTCl6IJ4/s/778057492/br/122094850900-l>. These sessions currently are conducted by phone due to the pandemic. During your RAAS appointment, your forms will be reviewed by PERS staff for accuracy and completeness.
  *   Get a written benefit estimate<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0JlbmVmaXQtRXN0aW1hdGVzLmFzcHgifQ.lDVXfCKMrhZhxpaO1rzT1NaXcVwzWblSqpHNzXGM8fg/s/778057492/br/122094850900-l> when you are within 24 months of being eligible to retire. You also can create estimates online earlier through your Online Member Services<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.QBpZ-7-lk4SAzct3zt2kk4xVw8mJhIOp2qpJPpT39-M/s/778057492/br/122094850900-l> (OMS) account.

Also, keep the following important points in mind:

  *   It can take up to 92 days from your retirement date (not the date of your application submission) for your first pension benefit to be paid. Your benefit will be paid in arrears.
  *   Once PERS receives your application, we will review all of your account information and reconcile data with your employer(s) as needed. Data discrepancies can sometimes cause your finalized benefit amount to differ from benefit estimates you received earlier. Remember that benefit estimates are just that — estimates.
  *   Checking your personal information in OMS<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.XpgZERnNX5wbpG0phYbgpSyJqMKIeUWqs2q3N5Q-eQU/s/778057492/br/122094850900-l> or on your member annual statement<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL01lbWJlci1Bbm51YWwtU3RhdGVtZW50LUZBUXMuYXNweCJ9.8-5bnfLMoVIY0lf_s7u6EmtoopN9XLDiToolnEBd4Oc/s/778057492/br/122094850900-l> and getting benefit estimates can help you avoid delays in the processing of your application. If you find errors in your personal/account information, contact your employer for corrections.
  *   Individual Account Program<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1doYXQtaXMtdGhlLUlBUC5hc3B4In0.DAcvDidp_kbNjIMq-H7P01lm64s-lxJw7dd4V0Fg_D0/s/778057492/br/122094850900-l> (IAP) retirement benefits can typically take from 90 to 120 days to process and complete payments or rollovers. Processing is done both by PERS and Voya, which administers the IAP for PERS.

If you have questions, contact Member Services<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.meu6HOlGFqXkL6M3pDkFLZ89wAume2n-QmvR3TfSrAs/s/778057492/br/122094850900-l> for assistance.

Building reopening and COVID-19 updates

[COVID-19 image]PERS headquarters building in Tigard will reopen to the public on January 3, 2022. You can keep up to date about PERS’ operations as COVID-19 pandemic restrictions evolve via updates on our website<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTmV3cy9DT1ZJRC0xOS5hc3B4In0.h2Et46gY-LQUuZ4-BtW8Y3gD98n-ur-AsmUS-5eEjiU/s/778057492/br/122094850900-l> and GovDelivery emails<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvbmV3In0.5NxOVxiLsA32UGl49nbP3YhZmeQkkYM3qulbZ3NVhlk/s/778057492/br/122094850900-l>.

Sign up for GovDelivery email or text updates

You can get alerts on topics that include:

  *   Member news and Perspectives
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  *   PERS Health Insurance Program

  *   Legislation affecting members
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  *   PERS administrative rulemaking
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[Oregon PERS: 75 Years of Serving those who serve Oregon]

Mailing address:
PERS
PO Box 23700
Tigard, OR 97281-3700

Physical address:
11410 SW 68th Parkway Tigard, OR 97223

Phone: 888-320-7377

TTY: 503-603-7766

Phone lines open 8:30 a.m. to 5 p.m. Monday through Friday, except holidays.

About PERS<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQWJvdXQtVXMuYXNweCJ9._yGHloHN8SpkEcKMfty0_93JP84ti8uJDg_B6WxHmhs/s/778057492/br/122094850900-l>

We serve the people of Oregon by administering public employee benefit trusts to pay the right person the right benefit at the right time.

PERS Board<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvcGFnZXMvYm9hcmQvcGVycy1ib2FyZC1pbmZvcm1hdGlvbi5hc3B4In0.UHadINjBEj81JsDHFtclnt81PxWzs9m3UR3Fqso1xTQ/s/778057492/br/122094850900-l>

Chair: Sadhana Shenoy
Vice Chair: Lawrence Furnstahl
Members: Stephen Buckley, Jardon Jaramillo, and John Scanlan

PERS leadership

Director: Kevin Olineck
Deputy Director: Yvette Elledge-Rhodes
Chief Financial Officer: Richard Horsford
Chief Information Officer: Jordan Masanga
Chief Compliance, Audit, and Risk Officer: Jason Stanley Chief Operations Officer: Sam Paris

For more information contact:

PERS<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.9EwAZn2kkLqKh1X9G4WJ8oObrV5xJvST-x1dhX-mCYI/s/778057492/br/122094850900-l>  |  PHIP<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5wZXJzaGVhbHRoLmNvbS9jb250YWN0LyJ9.vcyMYAa9mCKCLKoQmolY1r0zijtiXxSi2flOXEA1Mig/s/778057492/br/122094850900-l>  |  OSGP<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvT1NHUC9QYWdlcy9Db250YWN0LVVzLmFzcHgifQ._AHI7wPQLIC4FFV3uBFZCA7fPKiRix-ZlAsH3i_rY6Q/s/778057492/br/122094850900-l>

________________________________

Perspectives is published by the Oregon Public Employees Retirement System for the benefit of members and employers. It is emailed three times a year.

________________________________

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvbmV3P3ByZWZlcmVuY2VzPXRydWUifQ.JnI13f58GUpkn8y-Kt2bPvzmqTng1xBYx6yjvro-Yec/s/778057492/br/122094850900-l>. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit Help<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL2luc2lnaHRzLmdvdmRlbGl2ZXJ5LmNvbS9Db21tdW5pY2F0aW9ucy9TdWJzY3JpYmVyX0hlbHBfQ2VudGVyIn0.yGWZlrnQsHC-tto1Jv_375EKWEf63c1RuzTFMbb2O-0/s/778057492/br/122094850900-l>.

This service is provided to you by Oregon PERS<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwOi8vd3d3Lm9yZWdvbi5nb3YvUEVSUy9QYWdlcy9pbmRleC5hc3B4In0.5tvnwMCNU3LIGG2NHByNruN4L3adjGSQ8GSHHBedjfM/s/778057492/br/122094850900-l>.

________________________________
This email was sent to shauna.m.tobiasson at oregon.gov<mailto:shauna.m.tobiasson at oregon.gov> using GovDelivery Communications Cloud on behalf of: Oregon Public Employees Retirement System · 11410 SW 68th Parkway · Tigard, OR 97223
[GovDelivery logo]<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTEyMDIuNDk2Mzk3NjEiLCJ1cmwiOiJodHRwczovL3N1YnNjcmliZXJoZWxwLmdyYW5pY3VzLmNvbS8ifQ.ibdHZZmvKHKglRP_y8ATaF9M37pSCalM4LYFIWDrfVo/s/778057492/br/122094850900-l>

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