Over the next several weeks, the HR website will be getting a refresh. Changes modify the structure and presentation of our information. However, no programs, terms of employment, or policies are changing as a result of this website refresh.

Please be aware some of your bookmarked links may break.

For information regarding your current retirement plan, please click on the corresponding link below.

Don't know what your current retirement plan is?

• Log into Banweb and navigate to Employee Services → Benefits and Deductions → Retirement Plans

PERS/OPSRP (Tier Definitions)

ORP(Tier Definitions)

Retirement Plan Guides

• PERS Tier 1/Tier 2 Plan Guide
• PERS/OPSRP Plan Guide
• ORP Tier 1/Tier 2 Plan Guide
• ORP Tier 3 Plan Guide
• ORP Tier 4 Plan Guide

PERS/OPSRP (Tier Definitions)

Tier One: If you were hired into a qualifying position before January 1, 1996.

Tier Two: If you were hired into a qualifying position on or after January 1, 1996, and before August 29, 2003.

• Employee Contribution: Portland State University pays 6% of gross monthly salary each month (vests immediately). This individual account program (IAP) is managed by the Oregon Investment Council through PERS.
• Employer Contribution: Portland State University pays each month into a defined benefit pension plan. Pension benefits are based on a formula: 1.5 percent x years of retirement credit x final average salary. (Vesting after 5 years of contributions or age 65).

PERS Tier One/Tier Two Pre-Retirement Beneficiary Designation

Contact PERS

Sign up for a PERS member newsletter

ORP (Tier Definitions)

Tier One: If you were hired into a qualifying position before January 1, 1996.

Tier Two: If you were hired into a qualifying position on or after January 1, 1996, and before August 29, 2003.

Tier Three: If you were hired into a qualifying position on or after August 29, 2003, and before July 1, 2014.

Tier Four: For employees hired after June 30, 2014.

To contact your ORP vendor:

TIAA 800.842.2888

Fidelity