Oregon · Oregon PERS · Service credit

Oregon PERS service credit: how it counts, and what you can buy

Each year of service adds to the formula. Oregon PERS counts school years specially, and Tier One and Tier Two members can buy some kinds of service.

How service is counted

A month counts when the member works in a qualifying position (600+ hours a calendar year), is paid by the employer, and is employed more than half the calendar days. No more than one year per calendar year. School employees earn credit in six-month segments: working all of a term (presumed if employed Sept. 15 - Dec. 16, or Jan. 7 - May 26) also credits the summer months (July-August, or June). Leaving or a long unpaid leave mid-term loses the summer months, which matters for members counting on exactly 30 years. OPSRP members are credited for the six-month wait time; Tier One/Tier Two members are not but can buy it. Oregon PERS Employer Guide Ch. 1 (Sept. 2026), pp. 23-24, 44-45, 47; Oregon PERS webpage 'School employees'; ORS 238A.140

Buying service

Tier One/Tier Two (most purchases within 90 days before retirement, through a written estimate and Purchase Agreement): forfeited service from an earlier withdrawal (needs 10 years since reemployment; 1 month per 3 months worked; withdrawn amount plus 7.5% interest compounded; no lump-sum option), waiting time (10 years of service; interest-free employee and employer contributions), out-of-state public K-12 teaching (up to 4 years, full cost, licensed teacher currently employed by a school district or ESD), military before Oregon PERS (up to 4 years, full cost), seasonal positions, disability periods. Pretax 457/403(b) money may be used. OPSRP members get wait-time credit automatically. Oregon PERS Tier One/Tier Two Preretirement Guide (June 2026), pp. 17-20, Purchases; Oregon PERS Employer Guide Ch. 1 (Sept. 2026), p. 47; Oregon PERS webpage 'School employees'

Extra years go into the pension formula, and they can also move you past an early retirement factor or to 30 years; one more year shows what that's worth. To compare, try your service with and without the years in the calculator.

What a year is worthOn a $70,000 final average salary (an example), one more year adds $97.42 a month in Tier One/Tier Two and $87.50 in OPSRP, before any early retirement factor. Oregon PERS webpage 'Tier One Tier Two overview and benefit calculation', Full Formula; Oregon PERS Benefit Comparison Chart (Dec. 2024), p. 1; ORS 238.300(2)(a)(B); Oregon PERS webpage 'OPSRP overview and benefit calculation', General service; ORS 238A.125(1)(b)

What the sources say

Questions

What can I buy?

Tier One/Tier Two: forfeited service from an earlier withdrawal, waiting time, up to 4 years of out-of-state public K-12 teaching, military service before you joined, and some other periods.

What does a year add?

In Tier One and Tier Two, 1.67% of your final average salary a year: $97.42 a month on a $70,000 salary. In OPSRP, 1.5%.

Do OPSRP members buy waiting time?

No. OPSRP members get credit for the six-month waiting period automatically.

How do school years count?

Work a whole school term and you also get credit for the summer months.

Source: Oregon PERS Tier One/Tier Two and OPSRP Preretirement Guides, Published June 2026, Oregon PERS Tier One/Tier Two Preretirement Guide (June 2026) pp. 17, 18, 19, 20; Oregon PERS Benefit Comparison Chart (Dec. 2024) p. 1; Oregon PERS Employer Guide Ch. 1 (Sept. 2026) pp. 23, 24, 47; Oregon PERS webpages: OPSRP overview and benefit calculation; School employees; Tier One Tier Two overview and benefit calculation; ORS 238.300, 238A.125, 238A.140. Last reviewed .