Starting July 1, 2020, because of Senate Bill
(SB) 1049, if you earn more
than the current monthly salary threshold*, a portion of your
6% Individual Account Program (IAP) contributions will be redirected to a new
“Employee Pension Stability Account” (EPSA).
Only these members are eligible to elect voluntary,
*Monthly Salary Threshold
This amount is indexed annually to the Consumer
Price Index (CPI) [All Urban Consumers, West Region]. The upcoming year salary
threshold will be updated in December and can also be found in Oregon
Administrative Rule 459-080-0400.
2020 – $2,500
2021 – TBD
more for Tier One/Tier Two members.
Learn more for OPSRP members.