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<title>PERS SB 1049 Update: New Animated Videos to Explain July 1 IAP Redirect</title>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D">Forwarding on behalf of PERS<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;color:#1F497D">Shauna Tobiasson | Senior CPERS Analyst | DAS-EGS-CPERS<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D"><a href="mailto:Shauna.m.tobiasson@oregon.gov"><span style="color:#0563C1">Shauna.m.tobiasson@oregon.gov</span></a> | Ph: 503-378-6372<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Website:
<a href="http://www.oregon.gov/DAS/Financial/payroll/Pages/index.aspx"><span style="color:#1F497D">http://www.oregon.gov/DAS/Financial/payroll/Pages/index.aspx</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#1F497D;background:white">“To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” ¯ <b>Ralph Waldo Emerson</b></span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Oregon PERS <OregonPERS@public.govdelivery.com>
<br>
<b>Sent:</b> Wednesday, April 01, 2020 9:02 AM<br>
<b>To:</b> TOBIASSON Shauna M * DAS <Shauna.M.TOBIASSON@oregon.gov><br>
<b>Subject:</b> PERS SB 1049 Update: New Animated Videos to Explain July 1 IAP Redirect<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:.5in"><o:p> </o:p></p>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:1.0pt;font-family:"Helvetica",sans-serif;color:white">Watch our new, animated videos for currently employed members
<o:p></o:p></span></p>
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<span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#666666">Having trouble viewing this email?
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL2NvbnRlbnQuZ292ZGVsaXZlcnkuY29tL2FjY291bnRzL09SUEVSUy9idWxsZXRpbnMvMjgzMmNkNiJ9.xWNwODBPHdur9AXkM3PzC7MqincC8ZIo3VELjFcSe4Y/br/76889925073-l">
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<p class="gdp" style="margin:0in;margin-bottom:.0001pt"><strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:white">April 2020</span></strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:white"><o:p></o:p></span></p>
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<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">You received this email because you signed up through GovDelivery for Senate Bill 1049 updates. Review your GovDelivery subscriptions
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvZWRpdD9wcmVmZXJlbmNlcz10cnVlI3RhYjEifQ.sk9QRUHxBjhfgDNSmIwTR1i3zMX2OVqExA_PL-GlqO4/br/76889925073-l">
<span style="color:#40AD4A">here</span></a>.</span></em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<strong><i><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Questions about COVID-19 and PERS?</span></i></strong><em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"> Read our
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTmV3cy9DT1ZJRC0xOS5hc3B4In0.5MTImdjXflCuLDxV5m6rR_fWFjfDYC6ATInpzSZBPvA/br/76889925073-l" target="_blank">
<span style="color:#40AD4A">statement on COVID-19 and agency mitigation measures</span></a>. PERS staff are working to ensure the priority work and mission of the agency continues and </span></em><strong><i><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">are
available</span></i></strong><em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"> during regular business hours via phone and email.</span></em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Note that the active (nonretired) member editions of the April 2020 Perspectives newsletters are being finalized and will be sent in the coming weeks to GovDelivery subscribers opted
into "Tier One/Tier Two Member News" and "OPSRP Member News." Additional details and educational information about SB 1049 will be included in those newsletters.</span></em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<h1 style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;text-align:start">
<span style="font-size:18.0pt;font-family:"Arial",sans-serif;color:black">Senate Bill 1049: New educational videos<o:p></o:p></span></h1>
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Oregon PERS has created new, animated videos to help explain some of the upcoming changes due to <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS5hc3B4In0.vc2tdOBHsrVG94bzcTYIcYjZyfS71Nc1QRqN6NTQTiA/br/76889925073-l" target="_blank"><span style="color:#40AD4A">Senate
Bill (SB) 1049</span></a>.<o:p></o:p></span></p>
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">These changes <strong><span style="font-family:"Arial",sans-serif">do not impact </span></strong>retired members, nor "inactive" members (those not currently working for a PERS-participating
employer).<o:p></o:p></span></p>
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">If you are <strong><span style="font-family:"Arial",sans-serif">currently employed</span></strong> by a PERS-participating employer, and make $2,500 a month or more:<o:p></o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Starting <strong><span style="font-family:"Arial",sans-serif">July 1, 2020</span></strong>, due to SB 1049, a
<strong><span style="font-family:"Arial",sans-serif">portion</span></strong> of your 6%
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1doYXQtaXMtdGhlLUlBUC5hc3B4In0.5kbQTn-B-bWzNkWyhQ5o8VVKC27OmBqCoRoWggQpDuE/br/76889925073-l" target="_blank">
<span style="color:#40AD4A">Individual Account Program (IAP)</span></a> contributions (whether made by you or your employer) will be redirected to a new "Employee Pension Stability Account."<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">The amount that will be redirected depends on when you were hired.<o:p></o:p></span></li></ul>
<p style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Be sure to read full information on the PERS website and watch the new, animated videos that pertain to you:<o:p></o:p></span></p>
<p class="gdp" align="center" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;text-align:center">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Hired <strong><span style="font-family:"Arial",sans-serif">before</span></strong> August 29, 2003:<o:p></o:p></span></p>
<h3 align="center" style="mso-margin-top-alt:15.0pt;margin-right:0in;margin-bottom:15.0pt;margin-left:0in;text-align:center">
<span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:black"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L1BFUlMvTUVNL1BhZ2VzL1NCMTA0OS1JQVAtUmVkaXJlY3QtVDFUMi5hc3B4In0.Y_jhR0ecdsbda_mtport-8IfpNkh8VYrcWq-SC726ds/br/76889925073-l" target="_blank"><span style="color:white;border:solid #3A7940 6.0pt;padding:0in;background:#3A7940;text-decoration:none">Tier
One/Tier Two</span></a><o:p></o:p></span></h3>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Hired <strong>
<span style="font-family:"Arial",sans-serif">after </span></strong>August 28, 2003:<o:p></o:p></span></p>
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<span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:black"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L1BFUlMvTUVNL1BhZ2VzL1NCMTA0OS1JQVAtUmVkaXJlY3QtT1BTUlAuYXNweCJ9.sMMqPjPVKS6prHUAqHsMsxgdDlvkWTJJGzShMe1inDM/br/76889925073-l" target="_blank"><span style="color:white;border:solid #3A7940 6.0pt;padding:0in;background:#3A7940;text-decoration:none">OPSRP</span></a><o:p></o:p></span></h3>
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<span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:black">New animated videos<o:p></o:p></span></h2>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Our two new videos aim to explain:<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">1. The two parts to your future PERS retirement: your <strong><span style="font-family:"Arial",sans-serif">pension</span></strong> and your <strong><span style="font-family:"Arial",sans-serif">IAP</span></strong><o:p></o:p></span></p>
<p class="MsoNormal"><img border="0" width="569" height="318" style="width:5.925in;height:3.3166in" id="_x0000_i1026" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2020/03/3247535/3015143/two-parts-video-graphic_crop.png" alt="Screenshot of the PERS animated video "Two Parts to Your PERS Retirement""><o:p></o:p></p>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">2. What is changing with your
<strong><span style="font-family:"Arial",sans-serif">IAP</span></strong> under SB 1049, starting July 1, 2020<o:p></o:p></span></p>
<p class="MsoNormal"><img border="0" width="569" height="318" style="width:5.925in;height:3.3166in" id="_x0000_i1027" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2020/03/3247543/3015144/redirect-graphic_crop.png" alt="Screenshot of the PERS video "What is Changing with Senate Bill 1049?""><o:p></o:p></p>
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<span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:black">Have questions? Need help?<o:p></o:p></span></h2>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">We understand PERS is complex and these changes may seem confusing.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Our PERS Member Services representatives are available Monday through Friday, from 8:30 a.m. until 5 p.m., Pacific Time, via
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA0MDEuMTk2MDE3OTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.fhsNyUeG1c5yVN7Pk72_4RliC-Qzn-A9SbHT2phez6o/br/76889925073-l" target="_blank">
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