Oregon · Free tool
Oregon OPSRP Retirement Calculator
The Oregon Public Service Retirement Plan (OPSRP, part of PERS) calculates a pension as 1.5% multiplied by your final average salary multiplied by your years of service. Enter your numbers below for an estimate.
Enter your numbers. The percentage is pre-filled with the 1.5% OPSRP multiplier; adjust it for your tier or service level.
OPSRP uses a 1.5% multiplier on your final average salary (the average of your highest three years). Early retirement before your normal retirement age reduces the benefit. Confirm with Oregon OPSRP.
Your estimated Oregon OPSRP pension
Updates as you type.
Educational estimate only, not financial advice. Uses a simplified Oregon OPSRP formula and your inputs; your real benefit varies by tier, service, age, and salary rules.
How the Oregon OPSRP formula works
OPSRP, which covers most teachers hired on or after August 29, 2003, uses a 1.5% multiplier on your final average salary, the average of your highest three years. You also have a separate Individual Account Program (IAP), a defined-contribution balance. This calculator estimates the defined-benefit pension only.
This calculator uses a single percentage and a simplified formula, so treat the result as an estimate and confirm your figure with OPSRP. Oregon teachers also pay into Social Security. Use the full Teacher Retirement Calculator to combine your pension with your 403(b)/457(b) and Social Security, or read what the WEP and GPO repeal means for teachers.
Questions
How is a Oregon OPSRP pension calculated?
The OPSRP benefit multiplies a 1.5% multiplier by your final average salary by your years of service. For example, 30 years at a $60,000 final average salary is 1.5% × $60,000 × 30 = $27,000 per year before any early-retirement reduction.
What is the Individual Account Program?
The IAP is the defined-contribution part of Oregon PERS, a personal account funded by contributions and investment returns that you receive in addition to the 1.5% OPSRP pension. This tool estimates only the pension.
Do Oregon teachers get Social Security?
Yes. Oregon teachers pay into Social Security, so most receive a OPSRP benefit plus a Social Security benefit. Adding any 403(b) or 457(b) savings completes the picture.