PERS Retirement Seminars

PERS Information
September 13, 2021 - If you are interested in learning more about your PERS retirement options and/or if you would like to change the target-date fund in which your Individual Account Program (IAP) funds are invested, continue reading to learn more.

PERS Retirement Seminars
Free PERS/403(b) retirement planning seminars will take place at 5 p.m. on Monday, Sep. 13, on Zoom, and at 6 p.m. on Thursday, Sep. 16, at the District Office. 

Seminars will be presented by Skylar Koon and Caitlin Koon of Cetera Investors (formally Foresters Financial), an independent fiduciary, investment advisor representatives, and approved 403(b) vendors for the District.

The workshops are open to all employees and their partners, whether they are planning to retire in the near future or are simply looking to get some questions answered. With the PERS retirement system and potential changes in the news more and more, it is important to stay on top of what can be an essential part of your retirement income. Topics will include explaining the PERS system, its changes over time, and what it will mean to you. Different payout options will also be discussed to help you start thinking about what may be best for you and your family.

To sign up for the Zoom Seminar on Sep. 13, click here.

To sign up for the Seminar at the District Office on Sep. 16, click here

PERS IAP Member Choice Portal
Non Retired participants in PERS’ Individual Account Program (IAP) have the option to change the target-date fund in which their IAP accounts are invested through Sep. 30 via Online Member Services (OMS). This option is called Member Choice. 

About Member Choice
Member Choice, an option created by Senate Bill 1049, allows IAP participants to remain in their current target-date funds or pick new ones, depending on their retirement savings goals or personal risk tolerance.

Target-date fund changes made this September will go into effect on January 1, 2022. Investment returns resulting from that change will appear on 2022 member annual statements, which members will receive in spring 2023.

Instructions
Members who wish to stay in their current fund don't need to do anything. 

Members who wish to change their target-date fund can follow the instructions on the How to Make an IAP Target-Date Fund Election Online webpage.

Learn more
PERS members should read the following before electing to make any changes:

If you want to learn more about Member Choice, please review the August Employer News.