PERS Hybrid Retirement Plan - Tier 5

Mandatory for those who become members of PERS on or after March 1, 2026

Welcome to the Hybrid Retirement Plan

The Hybrid Retirement Plan, a governmental plan under Section 401(a) of the Internal Revenue Code, is available to those who become members of PERS on or after March 1, 2026. This hybrid plan consists of two components: a defined benefit plan and a defined contribution plan. A Hybrid Plan member who has met the retirement eligibility requirements for PERS will receive a retirement benefit that will consist of a calculated monthly payment from the defined benefit component and the accumulated balance in his or her defined contribution component.