What Public Employees Need to Know About PERS

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Woman holding a wealth management and investment services folder while attending a PERS seminar

As of June 2018, nearly 370,000 people are a part of the Public Employees Retirement System (PERS). PERS is a pension program for employees of Oregon State, local governments and schools. Specific plans depend on your employer and whether you established membership in the program.

Many factors affect your potential future monthly benefit, and it can be difficult to fully maximize your earnings without the aid of a knowledgeable Financial Advisor.

The future of PERS is subject to change

Since it was established in 1946, PERS has undergone a number of changes, including the addition of a health insurance plan for covered retirees. In 2013, pension reforms were adopted, challenged and reversed, leaving some uncertainty about the program’s future. More recently, the government has weighed various options for maintaining the program’s viability.

Uncertainty about the future can be frustrating and changes can make decisions more complicated. Take the time to consider your options and stay informed about ongoing regulatory actions, and you’ll be prepared to take the necessary steps to secure your future happiness.

OnPoint offers complimentary seminars for members and non-members to learn about the PERS program, understand what they can expect in the near- and long-term and ask questions.

PERS education empowers you to control your future

Preparing for retirement should be exciting, not something that causes you anxiety. OnPoint’s team of Financial Advisors provides complimentary, no-obligation investment workshops and PERS planning seminars to help you understand how to make your benefits work for you.

Importantly, OnPoint’s seminars provide you with the opportunity to ask the questions that are most relevant to you. Everyone’s ideal retirement is unique, and our Financial Advisors can help you understand how to make your dreams come true.

For a preview of the valuable information offered at our seminars, check out the videos below:

Disclosures

*Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC and are not insured by credit union insurance, the NCUA or any other government agency, are not deposits or obligations of the credit union, are not guaranteed by the credit union, and are subject to risks, including the possible loss of principal. OnPoint Community Credit Union and OnPoint Wealth Management & Investment Services® are not registered broker/dealers and are independent of Raymond James Financial Services, Inc. Raymond James privacy policy. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.

You can review the background of Raymond James and each OnPoint registered investment professional on FINRA’s BrokerCheck.

Any opinions are those of OnPoint Community Credit Union and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.

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