Pers tier 3 oregon. Tier Three/OPSRP Employees Retirement Options Comparison Explore the unique features of the Optional Retirement Plan (ORP) and the Oregon Public Service Retirement Plan (OPSRP) for those employees hired after August 29, 2003. The primary components and differences among the PERS Tier One and Tier Two programs, the Oregon Public Service Retirement Plan (OPSRP) pension program, and the Individual Account Program (IAP) are shown below. Whether you’re Tier One/Tier Two or OPSRP, you have the option of attending a general education session for your plan type or a session that discusses additional financial planning information and resources. The IAP account was created in January 2004. Your Oregon PERS Tier One/Tier Two and Individual Account Program (IAP) Preretirement Guide will help you make those decisions. The change involves the amount you contribute to your IAP. Hours worked with different participating employers can be combined, and in some instances you can earn service credit for partial years with fewer than 600 hours. Two estimates will be provided free of charge in a calendar year. Tier One covers members hired before January 1, 1996; Tier Two covers members hired between January 1, 1996, and August 28, 2003; and OPSRP covers members hired after August 28, 2003 Your IAP account is in addition to the life-time benefit amount you receive from your PERS Tier 1, Tier 2, or OPSRP (Tier 3) pension benefit. Apr 7, 2025 ยท Oregon PERS beneficiaries Here are the 147,958 people with pension benefits from the Oregon Public Employees Retirement System as of Feb. vtexktlewrkypvwwlrqwtxglzvlnwoujykhdllfcqvnklbgetvh