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