Senate Bill 1049: Changes to Member Contributions in 2020

The Oregon Legislature and Governor have approved Senate Bill 1049. Read all updates.

NEW: Watch PERS’ new, animated videos that explain the two parts to your retirement and what is changing with your Individual Account Program (IAP) under SB 1049, starting July 1, 2020:

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

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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​.​​