Oregon PERS administers pension and other benefits for employees of the state and most political subdivisions, including school districts. The Oregon Legislature in 2003 established an alternative plan design, known as the Oregon Public Service Retirement Plan. The OPSRP is a hybrid, providing an employer-funded defined benefit component with a multiplier of 1.5% (1.8% for public safety personnel) with mandatory participation in a defined contribution plan.
Oregon Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Oregon PERS |
83,487.6 |
399,351 |
| Other Plans |
0.0 |
0 |
| Total |
83,487.6 |
399,351 |
Source: Public Plans Database (as of 2023)
Note: Oregon Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Oregon Employees Retirement System
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
37.4 |
| 2002 |
34.6 |
| 2003 |
37.0 |
| 2004 |
45.0 |
| 2005 |
49.1 |
| 2006 |
54.3 |
| 2007 |
62.9 |
| 2008 |
58.0 |
| 2009 |
42.9 |
| 2010 |
47.7 |
| 2011 |
55.8 |
| 2012 |
53.7 |
| 2013 |
58.5 |
| 2014 |
65.4 |
| 2015 |
64.9 |
| 2016 |
62.1 |
| 2017 |
66.4 |
| 2018 |
69.3 |
| 2019 |
70.2 |
| 2020 |
68.3 |
| 2021 |
84.3 |
| 2022 |
83.8 |
| 2023 |
83.5 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Oregon Employees Retirement System |
US State and Local Pensions |
| 2001 |
null |
2.4 |
| 2002 |
1.9 |
2.3 |
| 2003 |
1.8 |
2.2 |
| 2004 |
1.6 |
2.1 |
| 2005 |
1.4 |
2.1 |
| 2006 |
1.3 |
2.0 |
| 2007 |
1.4 |
2.0 |
| 2008 |
1.4 |
1.9 |
| 2009 |
1.4 |
1.9 |
| 2010 |
1.4 |
1.8 |
| 2011 |
1.5 |
1.7 |
| 2012 |
1.4 |
1.6 |
| 2013 |
1.4 |
1.5 |
| 2014 |
1.3 |
1.4 |
| 2015 |
1.3 |
1.4 |
| 2016 |
1.2 |
1.4 |
| 2017 |
1.2 |
1.4 |
| 2018 |
1.2 |
1.3 |
| 2019 |
1.2 |
1.3 |
| 2020 |
1.2 |
1.3 |
| 2021 |
1.2 |
1.2 |
| 2022 |
1.1 |
1.2 |
| 2023 |
1.1 |
1.2 |
2023 Membership for Oregon Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 183,642 |
163,196 |
52,513 |
399,351 |
912 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Oregon Employees Retirement System
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-620.7 |
37,405.7 |
| 2002 |
-350.1 |
34,633.6 |
| 2003 |
941.7 |
37,041.2 |
| 2004 |
787.6 |
45,011.4 |
| 2005 |
-1,633.5 |
49,063.4 |
| 2006 |
-1,638.9 |
54,343.2 |
| 2007 |
-2,040.4 |
62,891.9 |
| 2008 |
-2,076.9 |
58,010.3 |
| 2009 |
-2,202.3 |
42,904.8 |
| 2010 |
-2,522.9 |
47,685.0 |
| 2011 |
-2,821.6 |
55,794.8 |
| 2012 |
-2,516.2 |
53,659.4 |
| 2013 |
-2,755.9 |
58,478.9 |
| 2014 |
-2,964.1 |
65,401.5 |
| 2015 |
-2,842.3 |
64,923.6 |
| 2016 |
-3,255.5 |
62,082.1 |
| 2017 |
-3,370.4 |
66,371.7 |
| 2018 |
-3,291.7 |
69,327.5 |
| 2019 |
-3,133.8 |
70,203.7 |
| 2020 |
-2,807.7 |
68,319.3 |
| 2021 |
-2,986.4 |
84,331.3 |
| 2022 |
-1,351.5 |
83,769.6 |
| 2023 |
-3,186.0 |
83,487.6 |
2023 Cash Flows for Oregon Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 2,560.4 |
5,746.5 |
2,904.1 |
-281.9 |
Cash Flow as a Percentage of Assets
Oregon Employees Retirement System
2001-2023
| Fiscal Year |
Oregon Employees Retirement System |
National Average |
| 2001 |
-1.7 |
-2.1 |
| 2002 |
-1.0 |
-2.0 |
| 2003 |
2.5 |
-2.5 |
| 2004 |
1.7 |
-2.0 |
| 2005 |
-3.3 |
-2.2 |
| 2006 |
-3.0 |
-2.2 |
| 2007 |
-3.2 |
-2.1 |
| 2008 |
-3.6 |
-2.3 |
| 2009 |
-5.1 |
-3.1 |
| 2010 |
-5.3 |
-3.2 |
| 2011 |
-5.1 |
-3.1 |
| 2012 |
-4.7 |
-3.3 |
| 2013 |
-4.7 |
-3.1 |
| 2014 |
-4.5 |
-2.9 |
| 2015 |
-4.4 |
-2.8 |
| 2016 |
-5.2 |
-3.0 |
| 2017 |
-5.1 |
-2.9 |
| 2018 |
-4.7 |
-2.6 |
| 2019 |
-4.5 |
-2.6 |
| 2020 |
-4.1 |
-2.4 |
| 2021 |
-3.5 |
-2.1 |
| 2022 |
-1.6 |
-2.1 |
| 2023 |
-3.8 |
-2.1 |
