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Oregon Public Employee Retirement

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					   Retirement Deduction History--Employer rates beginning with HRIS conversion Jan 1, 1999

   Pick-up for Employee          Employer Rate                                          Debt Reduction*                Composite
   PERS/IAP - Public Employees Retirement System/Individual Account Program                                                PERS
                                 Tier One and Two            prior to Aug 29, 2003
                         6.00%            @ conversion                      8.20%                                             14.20%
                         6.00%                 1-Jul-99                     9.73%                                             15.73%
                         6.00%                 1-Jul-01                     9.49%                                             15.49%
                         6.00%                 1-Jul-03                    11.31%                                             17.31%
                         6.00%                1-Nov-03                      4.71%                                             10.71%
                         6.00%                                              4.71%         1-May-04        7.39%               18.10%
                         6.00%                                              4.71%         1-Nov-04        6.71%               17.42%
                         6.00%                 1-Jul-05                     8.69%                         6.71%               21.40%
                         6.00%                1-Nov-05                      8.69%                         6.45%               21.14%
                         6.00%                1-May-06                      8.69%                         6.20%               20.89%
                         6.00%                 1-Jul-07                     6.54%                         6.40%               18.94%
                         6.00%                 1-Jul-09                     2.06%                         5.95%               14.01%

   OPSRP/IAP- Oregon Public Service Retirement Plan/Individual Account Program                                            OPSRP
                                                            on/after Aug 29, 2003
                         6.00%                1-Jan-04                     0.60%                                               6.60%
                         6.00%                1-Feb-04                     8.04%                                              14.04%
                         6.00%                                             8.04%          1-May-04       12.61%               26.65%
                         6.00%                                             8.04%           1-Jul-04       7.39%               21.43%
                         6.00%                                             8.04%          1-Nov-04        6.71%               20.75%
                         6.00%                1-Nov-05                     8.69%                          6.45%               21.14%
                         6.00%                1-May-06                     8.69%                          6.20%               20.89%
                         6.00%                 1-Jul-07                    8.03%                          6.40%               20.43%
                         6.00%                 1-Jul-09                    2.84%                          5.95%               14.79%


                                                                                         for employees who opted        ORP (PERS
                                                                                               out of PERS              Tier One &
   ORP-Optional Retirement Plan**                                                                                          Two)
                                 ORP-PERS Tiers One and Two (adjusted rates)            DR not paid by ORP
                         6.00%          @ conversion                     8.20%                                                14.20%
                         6.00%               1-Jul-99                    9.73%                                                15.73%
                         6.00%               1-Jul-01                    9.49%                                                15.49%
                         6.00%               1-Jul-03                   11.31%                                                17.31%
                         6.00%              1-Nov-03                    11.31% ***                                            17.31%
                         6.00%              1-Apr-04                    11.31%                                                17.31%
                         6.00%               1-Jul-05                   16.75%                                                22.75%
                         6.00%               1-Jul-07                   16.01%                                                22.01%
                         6.00%               1-Jul-09                   11.89%                                                17.89%

                                                                                         for employees who opted           ORP
                                 ORP-OPSRP                  on/after Aug 29, 2003              out of OPSRP              (OPSRP)
                         6.00%                1-Jan-04                     0.60%                                             6.60%
                         6.00%                1-Feb-04                     8.04%                                            14.04%
                         6.00%                 1-Jul-07                    5.82%                                            11.82%
                         6.00%                 1-Jul-09                    5.89%                                            11.89%


   *Debt Reduction: Bonds to pay unfunded liability have a 24-year payback schedule.
     To ensure adequate resources for that period of time, both PERS & OPSRP plans are subject to the Retirement Debt Reduction.

   **Optional Retirement Plan: Per Oregon Statute, the ORP rates match the rates of the available state retirement plan

   ***11.31%: ORP-PERS Tier One was originally undercharged at 3.71% from November 1, 2003 to April 1, 2004. In May 2004
           employers were charged the difference between 3.71% and 11.31% to cover the under collection.
           see tab "Rate Adjustments"




Office of Resource Management                                 7/16/2010               h/fy/2005/OPE/dc43bc94-adec-4bf0-8e30-a62eb5ac33ac.xls
Prior to 2004, ORP contributions were made in accordance with a PERS administrative rule that established separate con
Two participants. The rule was repealed January 1, 2004. All ORP Tier Two rates, therefore, were retroactively adjusted
Tier One. FY96-FY00 costs were covered by OUS. FY01-FY03 costs were funded centrally by the UO.


                                 ORP-PERS Tier Two                             Adjusted
                                           on/after Jan 1, 1996                 Rates
               6.00%                   @ conversion      5.75%                    8.20%
               6.00%                        1-Jul-99     7.33%                    9.73%
               6.00%                        1-Jul-01     8.52%                    9.49%
               6.00%                        1-Jul-03    11.71%                  11.31%
               6.00%                      1-Nov-03       4.27%                  11.31%
               6.00%                       1-Apr-04     11.31%                  11.31%
e that established separate contribution rates for Tier One and Tier
ore, were retroactively adjusted in December 2004 to match PERS
lly by the UO.


                                     ORP (PERS             Adjusted
                                      Tier Two)             Rates
                                          11.75%            14.20%
                                          13.33%            15.73%
                                          14.52%            15.49%
                                          17.71%            17.31%
                                          10.27%            17.31%
                                          17.31%            17.31%

				
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