PERS

The Public Employees Retirement System (PERS) is the retirement and disability fund for public employees in the U.S. state of Oregon. Employees of the state's government, its school districts, and local governments are eligible for coverage. PERS was established in 1946, and a health insurance plan for covered retirees was added to the program in 1987. The program is administered by a twelve-member board of trustees, appointed to three-year terms by the Governor and subject to confirmation by the Senate. The board also administers the Oregon Savings Growth Plan, a voluntary deferred compensation plan established in 1991.