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 on the following section.
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 and Valic). Additional information about these companies can be found on their websites, linked in the following section.