Check with Oregon PERSEstimate only, not an official benefit amount. Confirm with Oregon PERS (888-320-7377) before you decide.
Your estimated monthly pension
Fill in the form and we'll show your tier, your monthly pension, any early retirement factor, your full-benefit date, payment options in dollars, and what working longer would add.
Your early retirement factor
Your key dates
Start as planned, or later?
Your pension at every age
Your cost-of-living increases
Health subsidy and tax remedy
If you go back to work
Your IAP account
Common questions
Am I in Tier One, Tier Two or OPSRP?
It depends on when you were first hired into an Oregon PERS job (when your six-month waiting period started). Before Jan. 1, 1996: Tier One. Jan. 1, 1996 through Aug. 28, 2003: Tier Two. After Aug. 28, 2003: the OPSRP Pension Program. Everyone working since 2004 also has an IAP account.
How is an Oregon PERS pension calculated?
Tier One and Tier Two: 1.67% × years of service × final average salary (Full Formula), or Money Match if that's higher. OPSRP: 1.5% × years × final average salary. Oregon PERS's example: $45,000 × 30 years × 1.5% = $20,250 a year, or $1,687.50 a month.
When can I retire with a full benefit?
Tier One at 58, Tier Two at 60, and either one with 30 years at any age. OPSRP at 65, or at 58 with 30 years. All three can retire early at 55, with a reduction.
How much does retiring early cost?
Oregon PERS's 2026 factors: a Tier One member at 55 with under 30 years keeps 0.775 of the formula, a Tier Two member at 55 keeps 0.657, and an OPSRP member at 60 keeps 0.657. The cut lasts for life.
Is there a cap on the salary that counts?
Yes, since 2020 (Senate Bill 1049): $245,724 for 2026. Salary paid before 2020 isn't limited this way.
Does Oregon PERS have a DROP?
No. We found no DROP-style program in Oregon PERS's guides or the statutes. To plan your last years of work, compare dates in the calculator or see One more year.
What about my IAP account?
It's a separate investment account funded with 6% of your pay. Its value depends on contributions and returns, so this calculator doesn't project it. Your Oregon PERS annual statement shows the balance.
Is this the official Oregon PERS calculator?
No. This is an unofficial estimate built from Oregon PERS's published rules and factors. It isn't affiliated with the Oregon Public Employees Retirement System. Oregon PERS's online account has official estimates, and Oregon PERS decides your benefit.
Compare Oregon with other states
- States where teachers don't get Social Security: Whether you also pay into Social Security depends on your employer's agreement with Social Security.
- Teacher DROP plans by state: No. Oregon PERS has no DROP or similar option.
- Teacher pension COLAs by state: Each July 1, inflation (West Region CPI) up to 2%. A lower rate applies to the part of a benefit from service after 2013.
- State taxes on teacher pensions, by state: PERS benefits are subject to Oregon income tax if you live in Oregon.
- Teacher pension multipliers by state: Tier One/Tier Two: 1.67% a year. OPSRP: 1.5% a year. Average of your best three years or last 36 months, whichever is higher.
- Teacher retirement age by state: Tier One: 58, or 30 years at any age. Tier Two: 60, or 30 years. OPSRP: 65, or 58 with 30 years.
Plain-English guides
How your pension works
Tier One, Tier Two or OPSRP?Your first hire date decides your program. The three side by side, plus the IAP.→Full Formula, Money Match and OPSRP1.67% or 1.5% × years × final average salary, Money Match, and the SB 1049 salary limit, with Oregon PERS's examples.→Early retirement factorsThe 2026 factors before 58, 60 or 65, in dollars for each program.→The IAP account6% of pay, the EPSA redirect, and how you can take it at retirement. In words; we don't project it.→Service creditHow school years count, and the service Tier One and Tier Two members can buy.→Oregon PERS glossaryPlain-English definitions of the Oregon PERS terms you'll run into.→
Planning your exit
After you retire
Working after retirementUnlimited hours through 2034 at normal age; the six-month break and 1,040/600-hour limits if you retire early.→The COLAUp to 2% on pre-Oct. 2013 service, 1.25% (0.15% above $60,000) after, with examples.→Retiree health and RHIAThe Oregon PERS Health Insurance Program and the $60 RHIA subsidy for Tier One and Tier Two.→Death and survivor benefitsWhat your family receives before and after you retire.→
More calculators
Some states have a DROP program. Oregon PERS doesn't. To plan your last years of work, see One more year? Oregon PERS's own OPSRP example, 30 years at a $45,000 final average salary, pays $1,687.50 a month.
Source: Oregon PERS Tier One/Tier Two and OPSRP Preretirement Guides, Published June 2026, Oregon PERS Tier One/Tier Two Preretirement Guide (June 2026) pp. 9, 21, 22, 23; Oregon PERS OPSRP Preretirement Guide (June 2026) pp. 6, 13, 14, 15, 16, 17; Oregon PERS Benefit Comparison Chart (Dec. 2024) p. 1; Oregon PERS Employer Guide Ch. 1 (Sept. 2026) pp. 8, 9, 27; Oregon PERS Actuarial Equivalency Factors (Jan. 1, 2026) pp. 5, 6, 7, 27, 28, 29, 30, 31; Oregon PERS webpages: Cost-of-living increases paid in August; OPSRP overview and benefit calculation; SB 1049 Changes: Salary Limit; Senate Bill 1049 (2019) - Member information; Tier One Tier Two overview and benefit calculation; What plan am I in?; ORS 238.300, 238A.125, 238A.160. Last reviewed .