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State of Oregon: MEMBERS - OPSRP Overview and Benefit Calculation

State of Oregon: MEMBERS - OPSRP Overview and Benefit Calculation 2025

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The document outlines the Alaska Division of Retirement and Benefits' PERS Tier I, II, and III Defined Benefit Retirement System, detailing options for regular and early retirement benefits. It explains the Joint and Survivor (J&S) options available to members, which provide continued benefits to spouses or qualified partners after the member's death. The document also discusses actuarial reductions for these options, examples of benefit calculations, and additional considerations such as Social Security impacts and indebtedness at retirement.

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How to use or fill out State of Oregon: MEMBERS - OPSRP Overview and Benefit Calculation

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Begin by reviewing the introductory section, which outlines the purpose of the form. Familiarize yourself with the key terms such as 'Normal Retirement' and 'Joint and Survivor Options'.
Fill in your personal information in the designated fields, ensuring accuracy for your retirement benefit projection.
Navigate to the retirement options section. Carefully evaluate each option (Normal, Early, Joint and Survivor) and select based on your preferences.
Review any additional notes regarding survivor benefits and ensure you understand how they apply to your situation.
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Who is the highest paid PERS in Oregon?

Joe Robertson, the former president of OHSU, is still the systems top earner, with an annual benefit of $1,033,272.

What is the earliest age you can retire from Opers?

You can retire and get your FULL benefit at age 55 with 32 years of service or age 67 with five years of service. You can retire with a smaller, REDUCED benefit at age 57 with 25 years of service or age 62 with five years of service.

What is the average pers pension in Oregon?

For those retirees in the most recent year (2023), the average monthly retirement benefit was $3,761 per month, or about $45,130 annually.

How is Oregon OpSRP calculated?

When you retire, PERS will calculate your monthly benefit using the following formula: General service: 1.5 percent x years of retirement credit x final average salary. Normal retirement age for general service members is age 65, or age 58 with 30 years of retirement credit.

What is the mandatory retirement age for police officers?

In general, law enforcement personnel are subject to mandatory retirement at age 57 or as soon as 20 years of service have been completed after age 57. The maximum age of entry, which is intended to ensure full retirement benefits upon docHubing mandatory retirement age, is typically age 37.

What is the retirement age for OpSRP in Oregon?

If you are an active OPSRP member any time on or after docHubing the normal retirement age of 65, you become a vested member regardless of years of service. Once you are vested in the OPSRP Pension Program, you cannot lose your benefit rights unless you withdraw from the program.

What is the final average salary for OpSRP?

Final average salary is generally the average of the highest three consecutive years (or less if you were employed for less than three years) or 1/3 of total salary in the last 36 months of employment.

State of Oregon: MEMBERS - OPSRP Overview and Benefit Calculation 2025

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Who is the highest paid PERS in Oregon?

What is the earliest age you can retire from Opers?

What is the average pers pension in Oregon?

How is Oregon OpSRP calculated?

What is the mandatory retirement age for police officers?

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What is the retirement age for OpSRP in Oregon?

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State of Oregon: MEMBERS - OPSRP Overview and Benefit Calculation 2025

Here's how it works

How to use or fill out State of Oregon: MEMBERS - OPSRP Overview and Benefit Calculation

Complete this form in 5 minutes or less

Got questions?

Who is the highest paid PERS in Oregon?

What is the earliest age you can retire from Opers?

What is the average pers pension in Oregon?

How is Oregon OpSRP calculated?

What is the mandatory retirement age for police officers?

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People also ask

What is the retirement age for OpSRP in Oregon?

What is the final average salary for OpSRP?

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