What is the difference between the Employee/Employer Pay Plan and the Employer Pay Plan? How does the choice of plan affect my retirement benefit?
Under the Employee/Employer Pay Plan (EES/ERS) the member pays 50% of the retirement contributions through a payroll deduction and the employer pays the other 50% of the contributions. If you terminate employment, you may elect to refund the employee contributions you personally paid into the system, which will cancel your membership in PERS. Under the Employer Pay Plan (ER Paid or EPC), the employee pays for their portion of the contribution through a salary reduction or in lieu of pay increase and the employer pays 100% of the retirement contributions to PERS. Under this plan, the member does not accrue refundable contributions and will retain their service credit in the event of termination. In addition, your average compensation is adjusted at the time of retirement if you are under the ER Paid plan. Whether or not you will have the choice between the two contribution plans when you are newly hired depends upon the public employer in which you work. Some public employers require ma
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