Retirement Plan

They offer the state's PERS 2 and PERS 3 plans. The first is entirely "defined benefit," while the latter is a combination of "defined benefit" and "defined contribution." The first takes the number of months employed x the average monthly salary of your highest 60 consecutive months x either 1% (if PERS 3) or 2% (if PERS 1%). PERS 3's "defined contribution" involves a one-time (as long as you're with this employer) choice one of several investment levels, as high as 15% tax-deferred.