Retirement Eligibility

Qualifications for Retirement
Overview of retirement qualifications
Tier Charts
More complete information for all tiers

Qualifications for Retirement

PERS/TRS Tier I

After vesting, normal retirement age is 55, with early retirement at age 50;

  • police/fire members and teachers can retire at any age after 20 years of service;
  • all other PERS members can retire at any age after 30 years of membership service.

PERS members: Early retirement reduction will be 1/2% per month or 6% per year for every year less than the required normal retirement age.

PERS/TRS Tier II

After vesting, normal retirement age is 60, with early retirement at age 55;

  • police/fire members and teachers can retire at any age after 20 years of service;
  • all other members can retire at any age after 30 years of membership service.

PERS members: Early retirement reduction will be 1/2% per month or 6% per year for every year less than the required normal retirement age.

PERS Tier III

After vesting, normal retirement age is 60, with early retirement at age 55;

  • police/fire members can retire at any age after 20 years of police/fire service;
  • all other members can retire at any age after 30 years of membership service.

Early retirement reduction will be 1/2% per month or 6% per year for every year less than the required normal retirement age.

PERS Tier IV and TRS Tier III

  • None for investment account.
  • Taxes and penalties may apply if withdrawn before age 59-1/2.
  • See requirements for Retirement Medical Coverage.

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Tier Charts

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