LOC News
PERS Member Choice Elections Due September 30
City employees participating in the Public Employee Retirement System (PERS) have until September 30 to select which target date fund they would like as the investment vehicle for their individual account program (IAP) funds. The IAP functions as a deferred compensation plan, similar to a 401(k), and PERS provides investment options tailored to an employee’s retirement date. Encouraging employees to direct their IAP into the fund most suitable to their retirement plans is a no-cost way for employers to help improve retirement earnings.
Contact: Scott Winkels, Lobbyist - swinkels@orcities.org
Last Updated 9/15/23