PERS: Member Choice opportunity ends September 30

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September 2021

You received this email because you signed up through GovDelivery for IAP Target-Date Fund/Member Choice Updates. Review your GovDelivery subscriptions here.

Reminder: Member Choice closes September 30

This information is for members who have not retired from their Individual Account Program (IAP). If you have already retired or withdrawn your IAP, Member Choice does not apply to you. Read the IAP Target-Date Funds webpage for more limitations regarding eligibility.

As a participant in the Individual Account Program (IAP), you have until September 30 to exercise your option to change the target-date fund (TDF) in which your IAP account is invested via Online Member Services (OMS).

Member Choice allows you to pick a TDF that better reflects your retirement savings goals or your personal risk tolerance. 

If you're happy with your current TDF, you don't need to do anything. You will continue to be invested in the same fund.

However, if you do elect to change your TDF, remember that the change will not go into effect until January 1, 2022. Investment returns resulting from a change in your TDF will appear on your 2022 member annual statement, which you will receive in spring 2023.

Learn More

Before making an election, be sure to read:

  • The IAP Target-Date Funds webpage, which includes more information about eligibility limitations and certifications you will need to complete.
  • PERS' step-by-step guide on how to use OMS to make an online election.
  • Information about Senate Bill 1049, which created your Member Choice option.

Questions about COVID-19 and PERS? Read our statement on COVID-19 and agency mitigation measures.