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Onboarding

Retirement Plans

Retirement Plans

Oregon Public Services Retirement Plan (OPSRP)

Membership as of August 29, 2003

  • Membership is established upon hire with retirement contributions starting after a full six month waiting period.

  • Clackamas County contributes to member's pension share account as well as picks up the 6% contribution to the Individual Account Program (IAP).
  • OPSRP members are vested in the pension share account when they have completed five years of qualifying service or reach age 65. Members are immediately vested in the IAP.
  • OPSRP General Service members may retire with full pension share benefits at age 65 or beginning at age 58 with 30 years of service.
  • OPSRP Police & Fire members may retire with full pension share benefits at age 60 or beginning at age 53 with 25 years of service.

PERS Tier 1 and 2

Already a PERS member prior to August 29, 2003

PERS/OPSRP website

  • Current Oregon PERS Tier 1 and 2 members will have PERS contributions sent to PERS by Clackamas County upon confirmation of PERS membership. The initial 6-month waiting period having already been served will not need to be served again provided the member did not withdraw their account.
  • Clackamas County contributes to member's pension share account as well as picks up the 6% contribution to the Individual Account Program (IAP).
  • Tier 1 General Service members may retire with full pension share benefits at age 58 or at any age with 30 years of service.
  • Tier 2 General Service members may retire with full pension share benefits at age 60 or at any age with 30 years of service.
  • Both Tier 1 and 2 Police & Fire members may retire with full pension share benefits at age 55 or at age 50 with 25 years of service.
  • Disclaimer: PERS/OPSRP information may change as the result of administrative, legislative, or judicial decisions.

Deferred Compensation 457 Retirement Plan

VOYA website

  • Clackamas County offers employees the ability to contribute towards their own retirement with a deferred compensation 457 retirement plan administered by VOYA.
  • Employees may voluntarily elect to contribute to this plan on a pre-tax or post-tax (Roth 457) basis.
  • Thirty-three best-in-class investment options, including 13 TimeFrame portfolios unique to Clackamas County.
  • Local customer service is available onsite several days each month.