Tier One/Tier Two Member Annual Statement

Previous year earnings are reported to the PERS Board each January. The Board must then provide preliminary earnings information (as required by statute) to the Oregon Legislature 30 days before determining final earnings. The Legislature (or E-Board) must vote to acknowledge the Board's earnings report. The Board approves the preliminary earnings amounts for reporting to the Legislature at its January or February meeting.

Final earnings are set by the Board and are normally credited to your account after the March Board meeting.

Once PERS posts the earnings to your member account, it prepares a detailed statement of your member account balance The dollar value of your PERS account as of a given date. This account consists of all contributions and earnings received as of December 31, 2003, plus any earnings received after December 31, 2003. and sends it to your address on file. PERS anticipates mailing member annual statements in late spring of each year for the previous year (2007 annual statements would be mailed in spring of 2008). The statement will show your total account balance as of the previous December 31, including earnings on the account.

You will receive a combined statement showing your Tier One or Tier Two balance and Individual Account Program (IAP) balance.

Important: You will receive an annual statement only if you have not retired.