Retirement Eligibility Requirements

PERS

Retirement Tier Hire/Entry Date Vesting Period Retirement Eligibility
Tier 1 On or before June 30, 1992 4 years 25 years of service at any age OR age 60 and vested.
Tier 2 July 1, 1992 to June 30, 2007 4 years 25 years of service at any age OR age 60 and vested.
Tier 3 July 1, 2007 to June 30, 2011 8 years 25 years of service at any age OR age 60 and vested.
Tier 4 On or after July 1, 2011 8 years 30 years of service at any age OR age 60 and vested.

ORP

Vesting Requirements
Vested Immediately (may withdraw total funds at any time after separation of employment, even if not eligible for University retirement).