Retirement Programs

Question 1

Membership

Answer 1

Membership is require for any half-time or more employee

Question 2

Contributions

Answer 2

All base wages are subject to retirement contributions. Exceptions include:
1) Overtime pay
2) Holiday pay on a regular day off
3) Most boards and commissions pay
4) Accumulated leave payments after being laid off
5) Secondary employment pay

Question 3

Employee/Employer Pay Contribution Plan (EEs/ERs)

Answer 3

The employee and employer share contributions equally into PERS (14.5%). Your share is refundable upon termination, and you can switch plans at any time.

Question 4

Employer Paid Contributions Plan (EPC)

Answer 4

Employees pay a portion of contributions by way of a salary decrease equal to about half of the contribution rate pre-tax. Your employer pays a contribution to PERS (28%)

Question 5

Disability Retirement

Answer 5

If you are a member of PERS with at least 5 years of service and become unable to perform your job due to a disability, you can apply for disability retirement.