<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=Windows-1252">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]-->
<title>PERS SB1049: Member Contributions Change July 1 Tier One/Tier Two</title>
<style><!--
/* Font Definitions */
@font-face
{font-family:Helvetica;
panose-1:2 11 6 4 2 2 2 2 2 4;}
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
h1
{mso-style-priority:9;
mso-style-link:"Heading 1 Char";
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:24.0pt;
font-family:"Times New Roman",serif;
font-weight:bold;}
h2
{mso-style-priority:9;
mso-style-link:"Heading 2 Char";
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:18.0pt;
font-family:"Times New Roman",serif;
font-weight:bold;}
h3
{mso-style-priority:9;
mso-style-link:"Heading 3 Char";
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:13.5pt;
font-family:"Times New Roman",serif;
font-weight:bold;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
p
{mso-style-priority:99;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
p.msonormal0, li.msonormal0, div.msonormal0
{mso-style-name:msonormal;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
p.preheader, li.preheader, div.preheader
{mso-style-name:preheader;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman",serif;
display:none;}
p.gdp, li.gdp, div.gdp
{mso-style-name:gd_p;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
span.Heading1Char
{mso-style-name:"Heading 1 Char";
mso-style-priority:9;
mso-style-link:"Heading 1";
font-family:"Calibri Light",sans-serif;
color:#2E74B5;}
span.Heading3Char
{mso-style-name:"Heading 3 Char";
mso-style-priority:9;
mso-style-link:"Heading 3";
font-family:"Calibri Light",sans-serif;
color:#1F4D78;}
p.gdcaption, li.gdcaption, div.gdcaption
{mso-style-name:gd_caption;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman",serif;}
span.Heading2Char
{mso-style-name:"Heading 2 Char";
mso-style-priority:9;
mso-style-link:"Heading 2";
font-family:"Calibri Light",sans-serif;
color:#2E74B5;}
span.EmailStyle27
{mso-style-type:personal-reply;
font-family:"Calibri",sans-serif;
color:#1F497D;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
/* List Definitions */
@list l0
{mso-list-id:643436098;
mso-list-template-ids:1270759234;}
ol
{margin-bottom:0in;}
ul
{margin-bottom:0in;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="blue" vlink="purple">
<div class="WordSection1">
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D">Sharing 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> | Cell: 971-719-3173
<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:#7030A0;background:white"></span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#7030A0">With the new day comes new strength and new thoughts.
-Eleanor Roosevelt</span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p></o:p></span></p>
</div>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<div>
<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><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> Tuesday, June 23, 2020 5:33 PM<br>
<b>To:</b> TOBIASSON Shauna M * DAS <Shauna.M.TOBIASSON@oregon.gov><br>
<b>Subject:</b> PERS SB1049: Member Contributions Change July 1 Tier One/Tier Two<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;background:white;border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:1.0pt;font-family:"Helvetica",sans-serif;color:white">Read if you earn more than $2,500 a month
<o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span lang="EN" style="display:none"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="padding:.75pt .75pt .75pt .75pt"><a name="gd_top" id="gd_top"></a></td>
<span style="mso-bookmark:gd_top"></span>
</tr>
</tbody>
</table>
<span style="mso-bookmark:gd_top"></span>
<p class="MsoNormal"><span lang="EN"><o:p> </o:p></span></p>
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%" id="yahoo">
<tbody>
<tr>
<td style="background:#EEEEEE;padding:0in 0in 0in 0in" id="view-in-browser">
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="0" style="width:6.25in;border-collapse:collapse">
<tbody>
<tr>
<td style="padding:0in 0in 0in 0in">
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td width="100%" style="width:100.0%;padding:7.5pt 7.5pt 7.5pt 7.5pt">
<p class="gdp" align="center" style="margin:0in;margin-bottom:.0001pt;text-align:center">
<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.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL2NvbnRlbnQuZ292ZGVsaXZlcnkuY29tL2FjY291bnRzL09SUEVSUy9idWxsZXRpbnMvMjkwMGM4MyJ9.cRV7RMs0JBWs2eDiKWeagbr94LId4WtK5YGolEBbtZo/s/778057492/br/80220812693-l">
View it as a Web page</a>.<o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</div>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in" id="header-bg">
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;background:white;border-collapse:collapse">
<tbody>
<tr>
<td style="padding:0in 0in 0in 0in" id="main-header">
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td width="100%" style="width:100.0%;padding:0in 0in 0in 0in">
<p class="MsoNormal"><img border="0" width="600" height="124" style="width:6.25in;height:1.2916in" id="_x0000_i1025" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2018/09/2152318/govdelivery-banner_original.jpg" alt="PERS logo and Mt. Hood"><o:p></o:p></p>
</td>
</tr>
</tbody>
</table>
</div>
</td>
</tr>
<tr>
<td style="background:#3A7940;padding:0in 0in 0in 0in" id="date-bg">
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td width="100%" style="width:100.0%;padding:7.5pt 11.25pt 7.5pt 11.25pt" id="main-date">
<p class="gdp" style="margin:0in;margin-bottom:.0001pt"><strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:white">June 2020</span></strong><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:white"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</div>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in" id="main-body">
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td width="100%" style="width:100.0%;border:solid #CCCCCC 1.0pt;background:white;padding:11.25pt 11.25pt 11.25pt 11.25pt">
<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 or other nonretired member news, and your GovDelivery data shows you are a Tier One
or Tier Two nonretired member. Review your GovDelivery subscriptions and targeting information <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvZWRpdD9wcmVmZXJlbmNlcz10cnVlI3RhYjEifQ.4UqkhoUNTGm15aIASjIyNvYgrrtFv_XgJ3UvZ766ar4/s/778057492/br/80220812693-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 style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">This information is for
<u>currently employed</u> Tier One/Tier Two members (hired before August 29, 2003) who earn</span></strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"> <strong><u><span style="font-family:"Arial",sans-serif">more than</span></u></strong><strong><span style="font-family:"Arial",sans-serif">
$2,500 a month.</span></strong> If you are not currently working for a PERS-participating employer or do not earn above that amount, this does not impact you.<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">Member contributions change starting July 1<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">As a currently employed member of PERS, you have
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3ZpbWVvLmNvbS9vcmVnb25wZXJzL3NiMTA0OS10d28tcGFydHMifQ.-cVj8umX__aUHq9ucg35lbPpi21s7ZiY02Gs0uaF2TU/s/778057492/br/80220812693-l" target="_blank">
<span style="color:#40AD4A">two parts</span></a> to your future PERS retirement:<o:p></o:p></span></p>
<ol style="margin-top:0in" start="1" type="1">
<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">Your lifetime, monthly pension benefit.<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">Your Individual Account Program (IAP), to which you, or your employer on your behalf, currently contribute 6% of your salary.<o:p></o:p></span></li></ol>
<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">Starting July 1, 2020, because of the <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS5hc3B4In0.cbiTEB3Pnz71azfuaSiuKWrwppvnkCs32uIX68zc7Sw/s/778057492/br/80220812693-l" target="_blank"><span style="color:#40AD4A">Senate
Bill (SB) 1049</span></a> IAP Redirect, if you earn <strong><span style="font-family:"Arial",sans-serif">more than $2,500 a month</span></strong>, 2.5% of your salary that is currently contributed to your IAP will start going into a different account to help
pay for the cost of your future pension, which means less money will be going into your IAP.<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 to your IAP contributions will not affect the amount you will receive as your monthly pension benefit when you retire. Your new Employee Pension Stability Account (EPSA)
will be used to pay for part of <strong><span style="font-family:"Arial",sans-serif">your</span></strong> future pension benefit. The remaining 3.5% of your salary will continue to go into your IAP account.<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">The IAP Redirect is in effect when the PERS system is less than 90% funded*.<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.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS1JQVAtUmVkaXJlY3QtVDFUMi5hc3B4In0.zf7s2aecmFNhfLOlRc7t0t8zABRgvXWbvTQ_fXjWRHw/s/778057492/br/80220812693-l" target="_blank"><span style="color:white;border:solid #3A7940 6.0pt;padding:0in;background:#3A7940;text-decoration:none">Learn
more</span></a><o:p></o:p></span></h3>
<p class="MsoNormal"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3ZpbWVvLmNvbS9vcmVnb25wZXJzL3NiNDktcmVkaXJlY3QtdDF0MiJ9.2nM48kz4Mst8jliImIjhet7g_zRY2686G5WLI1och9c/s/778057492/br/80220812693-l" target="_blank" title="(Tier One/Tier Two) What is Changing with Senate Bill 1049?"><span style="color:#1B91C9;text-decoration:none"><img border="0" width="569" height="319" style="width:5.925in;height:3.325in" id="_x0000_i1026" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2020/06/3442898/sb1049-redirect-screenshot_original.png" alt="Screenshot of a video explaining the member contribution change due to Senate Bill 1049"></span></a><o:p></o:p></p>
<p class="gdcaption" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<i><span style="font-size:8.0pt;font-family:"Arial",sans-serif;color:black">Watch a video that explains what is changing with Senate Bill 1049, starting July 1.<o:p></o:p></span></i></p>
<div>
<div>
<div class="MsoNormal" align="center" style="text-align:center">
<hr size="3" width="100%" align="center">
</div>
</div>
</div>
<h2 style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;text-align:start">
<span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:black">More information about IAP Redirect<o:p></o:p></span></h2>
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<u><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Where can I find information on my IAP or EPSA balance?</span></u><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">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Because the redirect will occur behind the scenes in the PERS system, if your employer currently displays your 6% contributions on your paystub, you <strong><span style="font-family:"Arial",sans-serif">likely
will not notice any changes</span></strong>, as employers will continue to report and submit 6% contributions to PERS.<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 view your
<strong><span style="font-family:"Arial",sans-serif">IAP</span></strong> balance on
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0lBUC1BY2NvdW50LUxvZy1Pbi1JbmZvcm1hdGlvbi5hc3B4In0.KPZd7eU2Z7XSte96Oe-PFxzLvCUABlo8uNt4az3lRCQ/s/778057492/br/80220812693-l" target="_blank">
<span style="color:#40AD4A">IAP.Voya.com</span></a>, you will eventually notice less money going into your account due to the redirect. Keep in mind that due to routine reporting delays between your employer, PERS, and Voya, the IAP third-party administrator,
changes may not be immediately reflected. <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">PERS plans to display
<strong><span style="font-family:"Arial",sans-serif">EPSA account information</span></strong> on your 2020
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL01lbWJlci1Bbm51YWwtU3RhdGVtZW50LUZBUXMuYXNweCJ9.CKG7DefsEEr9GyyHzCvTnv_wa0GFXSmHobNjUUS1CZM/s/778057492/br/80220812693-l" target="_blank">
<span style="color:#40AD4A">Member Annual Statement</span></a>, sent in May 2021.<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">
<u><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Can I make additional voluntary contributions?</span></u><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">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">SB 1049 provides an option for you to make voluntary contributions, to have a total of 6% of your salary go into your IAP. In late September 2020, PERS Online Member Services will be
updated to allow members to voluntarily elect to make additional after-tax contributions (to be deducted by your employer) of the redirected amount. You will also have an opportunity to elect retroactive voluntary contributions back to July 1.<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">Make sure you are signed up for the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvbmV3P3RvcGljX2lkPU9SUEVSU182OCJ9.G1tRrXpATVJhsF0ztnH9f53WveDHPdqLktvdEh7MszM/s/778057492/br/80220812693-l" target="_blank">
<span style="color:#40AD4A">"Senate Bill 1049 Information" GovDelivery topic</span></a> to receive an update. PERS will continue to add information to our Tier One/Tier Two <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS1JQVAtUmVkaXJlY3QtVDFUMi5hc3B4In0.Oz-IG7d1pcf9iw0un7reM_TS3c9qnVPRLKLWDKtCEUc/s/778057492/br/80220812693-l" target="_blank"><span style="color:#40AD4A">IAP
Redirect webpage</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">Also remember that, as a public employee, your employer may have other 457(b) deferred compensation or 403(b) options that you can use to further save for retirement.<o:p></o:p></span></p>
<div>
<div>
<div class="MsoNormal" align="center" style="text-align:center">
<hr size="3" width="100%" align="center">
</div>
</div>
</div>
<p 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">*The latest official actuarial valuation shows that PERS funded status including side accounts was 74.9% as of December 31, 2018. The December 31, 2019, actuarial valuation will
be adopted in fall 2020.</span></em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<div>
<div>
<div class="MsoNormal" align="center" style="text-align:center">
<hr size="3" width="100%" align="center">
</div>
</div>
</div>
<p style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<em><b><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Questions about COVID-19 and PERS?</span></b></em><em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"> Read our <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTmV3cy9DT1ZJRC0xOS5hc3B4In0.qpjr93Y3COU1wBpNq0OTCd9nTEw7pLJ3bxhurHNH-Yc/s/778057492/br/80220812693-l" target="_blank"><span style="color:#40AD4A">statement
on COVID-19 and agency mitigation measures</span></a>.</span></em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</div>
</td>
</tr>
<tr>
<td style="background:#3A7940;padding:0in 0in 0in 0in" id="footer-bg">
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td width="100%" style="width:100.0%;padding:7.5pt 7.5pt 7.5pt 7.5pt" id="main-footer">
<p class="gdp" style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:white"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.vtUxD4QoTLswh-OI7wRIRUM1qqwAfumR8D-7kkY7u38/s/778057492/br/80220812693-l" target="_blank"><span style="color:white">Contact PERS</span></a><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</div>
</td>
</tr>
</tbody>
</table>
</div>
</td>
</tr>
</tbody>
</table>
</div>
</td>
</tr>
</tbody>
</table>
</div>
<div id="mail_footer">
<p class="MsoNormal"><span lang="EN" style="display:none"><o:p> </o:p></span></p>
<div align="center">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="91%" style="width:91.92%;border-collapse:collapse">
<tbody>
<tr>
<td width="100%" style="width:100.0%;padding:.75pt .75pt .75pt .75pt">
<div class="MsoNormal" align="center" style="text-align:center">
<hr size="3" width="100%" align="center">
</div>
<p style="margin-bottom:12.0pt">Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvbmV3P3ByZWZlcmVuY2VzPXRydWUifQ.KnVKfbG5aygdwG6ERlbM--cDbapkzsz_7GNuVBzyv1E/s/778057492/br/80220812693-l">
Subscriber Preferences Page</a>. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL2luc2lnaHRzLmdvdmRlbGl2ZXJ5LmNvbS9Db21tdW5pY2F0aW9ucy9TdWJzY3JpYmVyX0hlbHBfQ2VudGVyIn0.GRi8DIQI5KvbYmMiKSsQB_A8nEBZkd3v0bgNfzqfyFs/s/778057492/br/80220812693-l">
Help</a>.<o:p></o:p></p>
<p style="margin-bottom:12.0pt">This service is provided to you by <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwOi8vd3d3Lm9yZWdvbi5nb3YvUEVSUy9QYWdlcy9pbmRleC5hc3B4In0.ClT1VJds35HrhN5lMe2Y5UmeNAYRmk8DjxXVSlxbLhM/s/778057492/br/80220812693-l">Oregon
PERS</a>.<o:p></o:p></p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%;border-collapse:collapse">
<tbody>
<tr>
<td valign="top" style="padding:0in 7.5pt 0in 7.5pt">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" align="right" width="100%" style="width:100.0%;border-collapse:collapse;margin-left:-1.8pt;margin-right:-1.8pt">
<tbody>
<tr>
<td colspan="2" valign="top" style="padding:7.5pt 0in 0in 0in">
<div class="MsoNormal" align="center" style="text-align:center">
<hr size="3" width="100%" align="center">
</div>
</td>
</tr>
<tr>
<td valign="top" style="padding:7.5pt 3.75pt 7.5pt 0in">
<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#757575">This email was sent to
<a href="mailto:shauna.m.tobiasson@oregon.gov">shauna.m.tobiasson@oregon.gov</a> using GovDelivery Communications Cloud on behalf of: Oregon Public Employees Retirement System · 11410 SW 68th Parkway · Tigard, OR 97223</span>
<o:p></o:p></p>
</td>
<td width="115" valign="top" style="width:71.25pt;padding:7.5pt 0in 0in 0in">
<p class="MsoNormal" align="right" style="text-align:right"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA2MjQuMjMzOTI0MjEiLCJ1cmwiOiJodHRwczovL3N1YnNjcmliZXJoZWxwLmdyYW5pY3VzLmNvbS8ifQ.F3EehyNwwKqlaZbMZUZusqqGhqnUidHM1m8Rf0V6T_U/s/778057492/br/80220812693-l" target="_blank"><span style="text-decoration:none"><img border="0" width="115" height="29" style="width:1.2in;height:.3in" id="_x0000_i1032" src="https://content.govdelivery.com/images/govd-logo-dark.png" alt="GovDelivery logo"></span></a><o:p></o:p></p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span lang="EN"><img border="0" width="1" height="1" style="width:.0083in;height:.0083in" id="_x0000_i1033" src="http://links.govdelivery.com:80/track?enid=ZWFzPTEmYnVsbGV0aW5yZWNpcGllbnRpZD04MDIyMDgxMjY5My1sJnN1YnNjcmliZXJpZD03NzgwNTc0OTImbXNpZD0mYXVpZD0mbWFpbGluZ2lkPTIwMjAwNjI0LjIzMzkyNDIxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDIwMDYyNC4yMzM5MjQyMSZkYXRhYmFzZWlkPTEwMDEmdHlwZT1vcGVuJnNlcmlhbD0xNjk2MzI5NiZlbWFpbGlkPXNoYXVuYS5tLnRvYmlhc3NvbkBvcmVnb24uZ292JnVzZXJpZD1zaGF1bmEubS50b2JpYXNzb25Ab3JlZ29uLmdvdiZ0YXJnZXRpZD0mZmw9Jm12aWQ9JmV4dHJhPSYmJg=="><o:p></o:p></span></p>
</div>
</body>
</html>