PERS pre-retirement guide.
This guide will help you understand the difference between the various payout options you receive from the online and/or written estimate..
Request a PERS Written Estimate
- PERS Tier 1 & Tier 2 Estimate Request form
- OPSRP Estimate Request form
- May request two (2) free estimates in a year
- Must be within 2 years of retirement (age 55 or 30 years of service)
- Estimate requests are processed in order of the estimated retirement date on the form (not the date received)
- For Tier 1 & Tier 2 members, the estimate will include the cost to purchase “Wait Time” and any other specified purchases (e.g., forfeited time or Military time)
- Mail (PO Box 23700 Tigard OR 97281-3700) or fax (503-598-0561) your form directly to PERS
PERS online Forecast for IAP Periodic Payments:
- PERS IAP Disbursement Forecaster
- Your IAP account is in addition to the life-time benefit amount you receive from your PERS Tier 1, Tier 2, or OPSRP pension benefit.
- The IAP account was created in January 2004. Since that time, the 6% employee contribution (which OSU currently pays on your behalf) is deposited in this account.
- You can take a full distribution, roll it to another retirement savings account, or take installments over a period of time (5, 10, 15, 20 or estimated life time).
- Payments will end once the account has been fully distributed.
- To find out the balance in your IAP account, you can:
- Refer to your annual statement (received in May of each year); or
- Log into your IAP account at PERS’ Voya Individual Account Program website. If you do not have a password call PERS at 888.320.7377 or 503.598.7377 (it will be mailed to you); or
- Call PERS at 888.320.7377 or 503.598.7377.
Online PERS Pension Estimate
PERS FAQs for Tier 1 & Tier 2 employees
PERS FAQs for OPSRP employees
How to Create Your PERS Online Member Services (OMS) account
PERS Online Member Services website
> click on Online Member Services Log on or create an account (in the Resources box on the right hand side of the screen )
> Select “Log In”
>"Open a New Account" and then login
> You are now on the Account Home Page
> click on "Member" in the "Account Plan" section
> You are now on the Account Summary Page
> Click on "Benefit Estimate" (on the left hand side of the screen)
> Click on "Create a New Benefit Estimate",
> the system will now ask you a series questions (i.e., retirement date, beneficiary, etc.)