Hours reported to PERS for eligibility
All hours worked are reported to PERS on a monthly basis. Hours for Lecture (L) or Lecture Lab (LL) assignments are doubled before they are reported to PERS for employees paid for teaching on a part-time faculty assignment. For example a 33 hour L class will be reported as 66 hours to PERS. Hours are not doubled for any other type of part-time faculty assignment.
Please see your monthly ADP pay statement for actual reported PERS hours.
Note to Retirees: L and LL hours are NOT doubled for PERS retirees before they are reported to PERS.
Rationale: Changes in PERS legislation in 2003 removed the FTE calculation from being used for determination of eligibility. As a result, PERS gave the responsibility to districts to establish their own method of converting FTE (workload %) to hours. Doubling the hours for L and LL assignments is the FTE conversion that was established by RCC at that time.
Loans
Members cannot take a loan out against retirement benefits.
Membership
PERS TIER One/Two Members who leave PERS-covered employment without being vested and do not return to covered employment within five years, will lose their PERS Tier one membership. At this point, the former member will need to contact PERS to apply for a refund as their account will no longer accrue earnings. If the former member returns to work in a qualifying position, they must serve a new six-month waiting period and will establish membership in the OPSRP program. All retirement credit earned under the PERS program will be lost and is not recoverable.
OPSRP Members will lose membership if one the following occur: member dies, withdraws account funds, or is not vested and does not perform 600 hours of service in each of the five consecutive calendar years.
Address/Name change
If you are an active PERS/OPSRP member, you will need to contact the RCC HR office when you have an address or name change. HR will change this information in the PERS reporting system.
Annual Statements
Annual statements are mailed once a year, usually around June, to the most current address PERS has on file. If you need a duplicate statement you can e-mail, mail, or fax your request to PERS. You will need to include your full name, last four digits of your social security number, and verify your address. PERS will mail your duplicate statement to the address they have on file.
E-mail:Customer-Service.PERS@state.or.us
Fax: 503-598-0561
Address: PERS Headquarters
PO Box 23700
Tigard, OR 97281-3700
IAP Pin
If you are a new member who has qualified for the IAP but have not received a personal identification
number (PIN), or if you have forgotten your PIN, use the Forgot your PIN? Option on the IAP website at: http://iap.csplans.com/portal/PortalLogin.jsp. Your PIN will be mailed to your address on file with PERS within a few days. If you are locked out or are not recognized, please call PERS at 888-320-7377.
Sick leave – PERS
Rogue Community College participates in the unused sick leave program offered by PERS. At the end of your employment with RCC, your unused sick leave balance is reported to PERS. At the time of retirement, PERS will include the value of half of your unused leave in the calculation of your final average salary. This will increase your retirement benefits under the Full Formula and Formula Plus Annuity benefit calculations. The money Match calculation does not use unused sick leave.
Once your sick leave balance has been reported to PERS it will be removed from the RCC books and will be unavailable for your use.
Employer Contributions - PERS
Rogue Community College must pay contributions to fund its portion of your expected Tier One or Tier Two benefits. Every two years, the PERS Board establishes the contributions rate each employer must pay. This rate is based on recommendations by the PERS actuary, Mercer, and is calculated at a level that is intended to provide adequate system funding. Employer contributions are not part of your member account. Please click on the link for current employer rates.
Employer Contributions – OPSRP
Rogue Community College must pay contributions based on what the PERS actuary calculates is necessary to adequately fund the OPSRP pension program benefits and the reasonable costs of administering the program. Two sources fund the OPSRP pension program: employer contributions and earnings from investment of the PERS fund.
Disability – PERS/OPSRP
If you meet the eligibility requirements, you may be able to receive disability benefits under PERS.
- Please click the following link for disability eligibility requirements if you are a PERS member.
- If you are an OPSRP member, please click on the following link for disability eligibility requirements.
Eligibility to Retire – PERS/OPSRP
PERS Tier one members are eligible to retire with full benefits at age 58 or any age with 30 years of service. Tier one members can retire with reduced benefits at age 55-57 with less then 30 years of service.
PERS Tier two members are eligible to retire with full benefits at age 60 or any age with 30 years of service. Tier two members can retire with reduced benefits at age 55-59 with less then 30 years of service.
OPSRP members are eligible to retire with full benefits at age 65 or age 58 with 30 years of service. OPSRP members can retire with reduced benefits at age 55 if they are vested members.
Estimate of Benefits
PERS Tier one or Tier two members have two options for requesting an estimate of benefits:
- For a real-time estimate, go on line to the PERS benefit estimate calculator
- Submit a written estimate request directly to PERS
If you are an OPSRP member and would like to request an estimate, please contact PERS customer service at 888-320-7377.
*Note: These are only estimates and neither PERS nor RCC are bound by the figures.
Working after retirement
Effective January 1, 2010, the rules for Tier one/Tier two retirees who return to work have changed. Regardless of the benefit option chosen, retirees returning to work with one or more public employer may not work over 1039 hours in a calendar year or will lose retiree benefits. For more information please visit the PERS website.
OPSRP retirees who return to work for a public employer have certain restrictions under Oregon statute. Please visit the PERS website for more information.
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