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, after-tax contributions.

*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

Learn more for Tier One/Tier Two members.
Learn more for OPSRP members.