Retirement Options Comparison – Tier One & Tier Two Employees
Explore the unique features of the Optional Retirement Plan (ORP) and the Public Employees Retirement System (PERS) for employees hired prior to August 29, 2003. The Optional Retirement Plan (ORP) and Public Employees Retirement System (PERS) are each intended to provide you income during your retirement years. These plans share a number of common attributes, but differ in important aspects. This guide provides an overview of the key features of PERS and the ORP.
A PDF of this file is available: Guide#3: Tier 1 and 2 Retirement Options 2020