Senate Bill 1049: Member Contributions Changed July 1, 2020

Read information about Senate Bill 1049, passed by the Oregon Legislature in 2019.

If you are currently employed and earn more than $2,500 a month, a portion of your salary​ contributed to your Individual Account Program (IAP) is now going into a different account to help pay for the cost of your future pension, which means less money is​ 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)

NEW: You can elect to make additional after-tax contributions to continue to have a full 6% contribution to your IAP account. Lear​n more.

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

PERS Expo 2020 —
​Resources now live​​

Learn about your PERS benefits and how to navigate your financial future with PERS Expo online.

While we can’t convene in person due to the COVID-19 pandemic, PERS, the Oregon Savings Growth Plan​ (OSGP) and the PERS Health Insurance Program (PHIP) can still provide you with the educational resources you need.

In this year's virtual education experience, you can choose from three pathways that contain information, tools, and resources to help you chart a course to a successful retirement.

Whether you are new to public employment or approaching the end of your career, PERS, OSGP, and PHIP are here to help you along your journey.

www.growyourtomorrow.com/expo

​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.