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Here''s how the retirement system operates.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 29-APR-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: Here''s how the retirement system operates.(Financial)(PERS serves 83,000 retirees or beneficiaries, and covers 164,000 public employees.)

Article Excerpt
Byline: Randi Bjornstad The Register-Guard

About 95 percent of state and local government employees in Oregon belong to the Public Employees Retirement System.

According to PERS, those actively working now include more than 66,000 school employees, 43,000 state employees and 55,000 other government workers. The system pays benefits to 83,000 retirees or beneficiaries.

PERS-covered employees fall into two categories:

Tier One - workers hired before Jan. 1, 1996. They may retire...



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