PERS
| Tier | Type of Plan | Hire/Entry Date | Vesting Period | Retirement Eligibility |
|---|---|---|---|---|
| Tier 1 | Defined Benefit Plan | On or before June 30, 1992 | 4 years | 25 years of service at any age OR age 60 and vested. |
| Tier 2 | Defined Benefit Plan | July 1, 1992 to June 30, 2007 | 4 years | 25 years of service at any age OR age 60 and vested. |
| Tier 3 | Defined Benefit Plan | July 1, 2007 to June 30, 2011 | 8 years | 25 years of service at any age OR age 60 and vested. |
| Tier 4 | Defined Benefit Plan | July 1, 2011 to February 28, 2026 | 8 years | 30 years of service at any age OR age 60 and vested. |
| Tier 5 |
Hybrid Retirement Plan For more information, please visit PERS-Tier 5. |
On or after March 1, 2026 |
8 years for the Defined Benefit Plan portion; Immediate vesting of the Defined Contribution Plan portion |
35 years of service at any age OR age 62 and vested. |
ORP
| Vesting Requirements |
|---|
| Vested Immediately (may withdraw total funds at any time after separation of employment, even if not eligible for University retirement). |