PERS by the Numbers: New 2018 Edition

Oregon Public Employees Retirement System sent this bulletin at 09/21/2018 02:00 PM PDT

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September 2018

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PERS by the Numbers - Updated September 2018

The Oregon Public Employees Retirement System (PERS) is pleased to share the refreshed, updated version of PERS by the Numbers, a collection of the most recent data and information about the administration of PERS.

PERS by the Numbers

Where possible, figures are either as of the latest actuarial valuation (December 31, 2017) or the latest fiscal year end date (June 30, 2018).

What can I find in PERS by the Numbers?

Key facts and information in the latest edition of PERS by the Numbers include:

  • PERS membership and demographic information, including the number of members eligible to retire.
  • Retiree benefit information, including monthly benefit payment amounts.
  • Updated research from PERS’ annual Tier One/Tier Two Replacement Ratio Study, including data on average salary replacement ratios, monthly benefits, and salaries.
  • New information added in 2018 highlighting data about the Individual Account Program (IAP), an account-based benefit for all PERS members actively employed since 2004, separate from their defined benefit pension.
  • PERS’ system funded status as of December 31, 2017.
  • System revenue information, including member and employer contributions and investment income, as well as earnings credited to member accounts.
  • The economic impact of PERS monthly benefit payments.
  • A list of PERS-participating employers by county, according to their mailing address.

PERS engages with over 367,000 current and former public employees or their beneficiaries, and maintains important data about their public employment service, salaries, and other information. PERS also administers a health insurance program for retirees (PERS Health Insurance Program) and a 457(b) voluntary deferred compensation program (Oregon Savings Growth Plan).

All Oregonians are served in one way or another by public employees. PERS works to ensure that we pay the right benefit, to the right person, at the right time.

If you have comments, questions, or suggestions about PERS by the Numbers, please contact the PERS Board email box.