2017 PERS Member Statements
May 18, 2018 - Last week, non-retired PERS members across the state began receiving their 2017 Annual Statements in the mail. Your 2017 statement gives you a snapshot of your PERS retirement benefits, including details about both your pension and Individual Account Program (IAP). Reviewing your statement each year is a great opportunity to ensure all of your personal information is correct and to understand how your retirement benefits are calculated.
If you are currently employed in a PERS-covered position, your annual statement is mailed to the address your employer provided to PERS as of mid-March 2018. If you do not receive your Member Annual Statement by June 1, 2018, please contact PERS Member Services via phone or email.
To help members understand their annual statements, PERS offers an online FAQ and other resources. New this year are digital example statements on which you can hover over any piece of data outlined in blue to read tips and other helpful information (requires an up-to-date version of Adobe Acrobat Reader).
If you cannot click links in this email for security reasons, the resources can be found linked to from the Oregon PERS home page at www.oregon.gov/PERS.
Individual Account Program (IAP) investment information: Make sure your date of birth is correct
Please note that in 2018, the investment strategy of the IAP changed from a one-size-fits-all approach to target-date funds that reduce investment risk and volatility as you age. Investment returns under the target-date fund model will be reflected on next year’s statement. Because 2018 investment returns (shown on your spring 2019 statement) will be based on your age, please make sure your date of birth is correct on your 2017 statement. An insert included with this year’s annual statements includes further information.
Questions about your PERS benefits?
- education sessions (Tier One/Tier Two, OPSRP) throughout the state for members at any stage of their career,
- a summary of the key steps to retire (Tier One/Tier Two, OPSRP) and online Pre-Retirement Guides (Tier One/Tier Two, OPSRP), and
- our Member Services team is happy to answer any additional questions.
Please be patient in the coming weeks as PERS Member Services experiences more calls and email than normal due to the mailing of annual statements.