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