Senate Bill 1049: Member
Contributions Change 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.
If you are
retired, not currently working for a PERS-participating employer, or do not
earn above that amount, this does not impact you.
Watch PERS’ animated videos
that explain the two parts to your
learn more about the IAP contribution changes:
PERS by the Numbers
View PERS by the Numbers (Updated December 2019)