Account Program (IAP) contributions submitted to PERS by employers are posted
to VOYA, PERS’ third-party administrator, once employers have paid the invoices
tied to those contributions.
between June 15, 2017, and August 29, 2017, a technical error prevented IAP
contributions from posting. As of August 29, 2017, the error has been corrected
and all contributions are now posting correctly to VOYA.
This error had no impact on member account
balances or investment earnings or losses as PERS did receive IAP contributions
Effect on retirement and withdrawal
who applied for a May or June retirement or applied for a withdrawal during
this time, may see a delay in their IAP distribution. PERS is notifying this
population and working to complete the backlog of distributions in the most