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 retirement and learn more about the IAP contribution changes:

• ​Currently employed Tier One/Tier Two members (hired before August 29, 2003)​
• Currently employed OPSRP members​ (hired after August 28, 2003)

Sign up for GovDelivery updates to receive email or text alerts from PERS on Senate Bill 1049.​​​

2019 Member Annual Statements 

PERS mailed 2019 PERS Member Annual Statements to all nonretired members in May 2020. See our Member Annual Statement FAQs page for help understanding your statement.

​​​IAP Target-Date Funds

Learn about IAP Target-Date Funds​.​​ 

Sign up for IAP Target-Date Fund / Member Choice GovDelivery updates to receive email or text alerts from PERS when the September 2020 member choice window begins for nonretired members to choose their IAP Target-Date Fund for calendar year 2021.