Vesting

You are immediately vested in the IAP employee account.

You become vested in the employer account on the earliest of the following dates: 

• the date you complete at least 600 hours of service in each of five calendar years;
• if the IAP is terminated, the date the termination becomes effective but only to the extent the account is then funded; or
• if you are an active member Tier One/Tier Two member: A member who is presently employed by a participating employer in a PERS Chapter 238 Program qualifying position and who has completed the six-month waiting period. OPSRP member: A member who is presently employed by a participating employer in an Oregon Public Employees Retirement Plan (OPSRP) Program qualifying position and who has completed the six-month waiting period.:
  • the date you become disabled,
  • the date you reach normal retirement age, or
  • the date you die.

Related topics:

Age to Retire with Unreduced Benefits

Applying for Disability

Creditable Service