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Public Employee Retirement System (PERS) - The city is a PERS employer. All employees who work more than 600 hours in a calendar year for a PERS employer participate in either the PERS or OPSRP (Oregon Public Service Retirement Program) plan, depending on their date of hire in a PERS-covered position. The city currently pays both the employer contribution and the 6% employee contribution. Information about both the PERS and OPSRP programs can be found online at the PERS link below.
Deferred Compensation - Employees may elect to participate in any of three "457" deferred compensation programs offered by the city. The three available plans are through MissionSquare (formerly ICMA-RC), Empower (formerly Mass Mutual), and Corebridge Financial (formerly AIG & Valic). Additional information about these companies can be found on their websites, linked below.
