Senate Bill 1049: Member
Contributions Change July 1, 2020
Read information about Senate Bill 1049, passed by the
Oregon Legislature in 2019.
Starting July 1, 2020, if you
are currently employed and earn more than $2,500 a month, a portion of your salary
that is currently contributed to your Individual Account Program (IAP) will
start going into a different account to help pay for the cost of your future
pension, which means less money will be going into your IAP.
Watch PERS’ animated videos
that explain the two parts to your
learn more about the IAP contribution changes:
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