Further PERS benefit information
PERS uses up to four methods (depending on eligibility) to calculate Tier One and Tier Two retirement benefits: Full Formula, Money Match, Formula Plan Annuity, and 50 percent of Final Salary (only available for Police & Fire Duty Disability). Judge retirements are shown as Full Formula. The OPSRP Pension Program uses a formula method only.
Benefits get calculated in one of three ways. The dominant method is shifting from money match to full formula. Money match provides far more generous benefits for older employees. Full Formula is supposed to replace 50 percent of final salary after 30 years of service.
