Opportunity to change your PERS IAP fund in September

Every September, non-retired Public Employees Retirement System (PERS) members have the option to change their PERS Individual Account Program (IAP) target-date fund (TDF) in which their IAP account is invested through Online Member Services (OMS). The online membership services tool will only be available from September 1st through September 30th.

Before making an election, read the following:

• The IAP target-date fundswebpage, which includes more information about eligibility limitations and certifications you will need to complete.
• PERS' step-by-step guideon how to make an IAP target-date fund election online
• Information about Senate Bill 1049, which created your Member Choice option

Changing your target-date fund is optional. If you do nothing, you will continue to be invested in your current target-date fund (TDF).

If you do elect to change your TDF this September, the change will not go into effect until January 1, 2025. Investment returns resulting from a change in your TDF will appear on your 2025 member annual statement, which you will receive in spring 2026.

The TDF can be changed only once per calendar year. The choice is irrevocable and cannot be canceled. This choice will remain in effect unless a new election is made during a subsequent year's election window.

For more information, check out the PERS website.