PERS – Oregon Public Employees Retirement System (PERS)
OCCC participates in Oregon Public Employees Retirement System (PERS). Benefits are available to OCCC employee’s that meet the eligibility requirements. Your PERS benefits are divided into different categories depending on your employment hire date. Please review the PERS benefit comparison chart for more information and to see which retirement category you are in.
You may find this short video helpful when trying to understand the two key important parts to your PERS, your Individual Account Program (IAP) which Oregon Coast Community College pays into at 6% and your Traditional Pension Plan.
How Do I Setup My PERS and IAP Account?
New and existing users can go to their Online Member Services (OMS) page to learn more about their PERS information. The OMS page will have an option for new users to setup their account and a representative will call you to verify your information and approve your account setup. Once you are logged into your OMS page you can access your IAP account login from that page. Alternatively, you can go to directly to the IAP account login page.
Member Annual Statement FAQ’s (This page includes links to FAQ’s and virtual education sessions for Tier 1/2 and OPSRP)
Additional Retirement Funds
OCCC provides other retirement options as well, including Oregon Savings Growth Plan and a Tax Deferred Annuity Plan. Use the accordions below to learn more about those plans and to find resources about your social security.
The Oregon Savings Growth Plan (OSGP) is a 457 deferred compensation plan that provides you with a convenient way to save for your retirement. It allows you to contribute a portion of your salary from an OSGP participating employer on a pre-tax basis. Your contributions plus earnings continue to grow on a tax-deferred basis until you receive a distribution. OCCC employees may elect this retirement savings plan at any time during the year. The plan is administered through PERS, and several different investment options are available.
You may contribute up to the maximum annual contribution into both a tax deferred annuity plan (403b) and the OSGP (457) at the same time. OSGP allows you to make changes to contributions and investment options on a regular basis. OCCC will periodically host a representative from OSGP to hold informational sessions and assist employees who have questions and employees can also learn more about OSGP anytime, virtually.
> For more information or to obtain an enrollment packet visit growyourtomorrow.com.
> Employees who are ready to enroll can turn in an enrollment form to directly to Human Resources.
All OCCC employees, including student employees, are eligible to participate in the TSA program and can enroll at any time. The TSA program allows OCCC employees to make voluntary, pre-tax or post-tax investments toward retirement under IRS code 403(b).
A tax deferred annuity (also called a tax sheltered annuity) is a 403(b) retirement savings plan. A 403(b) plan allows you to set aside money for your future retirement security, via payroll deduction while you are still working. Deductions are taken on a pre-tax basis so you save tax money now by reducing your taxable gross income or deductions can be taken post-tax and saves you money by already having paid the tax.
For more information on how to sign up, learn about approved investment vendors and account setup contact email@example.com.
Approved Vendors Include