I don't have specific rain gear because, if it is actively raining I choose not to go out. We have so many hills/curves on our roads that I do not feel safe out there in the rain. However, if the forecast is like Mr. Silver had and I decide to take a chance on it, I usually pack my PI Zephyr jacket. It is not water proof, but is water resistant and will keep me pretty warm & dry until I get back. It is also that lovely neon yellow/green color & can't help be be seen.
My biggest complaint about rain riding is my glasses - I have Bolle wraparounds with prescription inserts. If it starts raining, I have to take them off and ride "blind" because the water gets between the lenses & I can't see a thing!
"When I'm on my bike I forget about things like age. I just have fun." Kathy Sessler
2006 Independent Fabrication Custom Ti Crown Jewel (Road, though she has been known to go just about anywhere)/Specialized Jett