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<title>PERS: IAP Member Choice Now Available Through September 30 (Optional)</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> | 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>
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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"><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, September 1, 2020 9:03 AM<br>
<b>To:</b> TOBIASSON Shauna M * DAS <Shauna.M.TOBIASSON@oregon.gov><br>
<b>Subject:</b> PERS: IAP Member Choice Now Available Through September 30 (Optional)<o:p></o:p></span></p>
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<p class="MsoNormal"><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">SB 1049 "Member Choice" now available
<o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN" style="display:none"><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?
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View it as a Web page</a>.<o:p></o:p></span></p>
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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">September 1, 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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<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 Information or IAP Target-Date Fund/Member Choice Updates. Review your GovDelivery subscriptions
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvZWRpdD9wcmVmZXJlbmNlcz10cnVlI3RhYjEifQ.bQjThl16ptSIoNawrjGYbZ4WdwpFpPOi9Y-OhFYRx9A/s/778057492/br/83058458403-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>
<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">IAP Member Choice: Now available through September 30<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">
<em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">This information is for members* who have </span></em><strong><i><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">not retired</span></i></strong><em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">
from their Individual Account Program (IAP). If you have already retired or withdrawn your IAP, Member Choice does not apply to you.</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">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">As a participant in the <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1doYXQtaXMtdGhlLUlBUC5hc3B4In0.71w0f_xlyfvhFG3PVgXvbTqWZqVcN2DhDGLAJVfsmRo/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">Individual
Account Program (IAP)</span></a>, you are currently invested in the default IAP investment option, an IAP Target-Date Fund (TDF) based on your year of birth.<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">Through <strong><span style="font-family:"Arial",sans-serif">September 30, 2020</span></strong>, you have the option to make a "<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvRmluYW5jaWFscy9JQVAtVGFyZ2V0LURhdGUtRnVuZHMuYXNweCJ9.lUfCQXdZcq-_l-WX4ejNvixa2DjTN47fvkRokmgFmPM/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">Member
Choice election</span></a>," which allows you to pick a TDF that better reflects your retirement savings goals or your personal risk tolerance. <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:l2 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Note that any election you make in 2020 will <strong><span style="font-family:"Arial",sans-serif">not go into effect until January 1, 2021</span></strong>, which means you will not see annual investment
returns until your 2021 Member Annual Statement, which is sent in spring 2022. <o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l2 level1 lfo1">
<strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif">You can change your TDF only once per calendar year.</span></strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif"> The choice is irrevocable and cannot be canceled.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l2 level1 lfo1">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">If you make a choice, you are required to certify that you have learned about the Oregon Investment Council's
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L2ludmVzdGVkLWZvci1vcmVnb24vcGFnZXMvaW5kaXZpZHVhbC1hY2NvdW50LXByb2dyYW0uYXNweCJ9.jsxfqVJcMhFBN1a6ptjenEXWKSmUDgYWSH1xYB9M3IE/s/778057492/br/83058458403-l" target="_blank">
<span style="color:#40AD4A">IAP TDF strategy</span></a> and considered the risk and return characteristics of your IAP TDF. Read Oregon State Treasury's "<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwOi8vd3d3Lm9yZWdvbi5nb3YvUEVSUy9NRU0vRG9jdW1lbnRzL09TVC1NZW1iZXItQ2hvaWNlLnBkZiJ9.b-QPK607pyMpU5XV32uD7u0WEa6r3U90SYxFRYNrFYg/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">Understanding
IAP Target-Date Funds and Member Choice</span></a>" document to fulfill this requirement.<o:p></o:p></span></li></ul>
<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">Member Choice is optional. You do not have to take any action. If you do nothing, you will continue to be invested in your current TDF.<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.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvRmluYW5jaWFscy9JQVAtVGFyZ2V0LURhdGUtRnVuZHMuYXNweCJ9.Yv_z3eoHMla2WgRZGWVxrkWSSf8s93_16SIiP57Ffh8/s/778057492/br/83058458403-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>
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<hr size="3" width="100%" align="center">
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<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">Elect via Online Member Services<o:p></o:p></span></h2>
<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">The easiest way to make a Member Choice election is through PERS'
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL29yaW9uLnBlcnMuc3RhdGUub3IudXMvU2VsZlNlcnZpY2Uvdmlld1BhZ2U_Y29tcG9uZW50PS9sb2dpbkZvcm0uanNwJm1vZGU9TUJSIn0.qefI9b4PZByMqrySdQjvsOclRXabnV8dnvWIcUJqg4g/s/778057492/br/83058458403-l" target="_blank">
<span style="color:#40AD4A">Online Member Services (OMS)</span></a>, now through <strong>
<span style="font-family:"Arial",sans-serif">September 30</span></strong>. By using OMS, you can view your current IAP TDF when making your election.<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 lfo2">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0lBUC1UREYtT01TLmFzcHgifQ.ufQa26aRWJCYDmHmK6Uxw_UHE8prEhl0KhN_UUuulSo/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">Step-by-step
guide</span></a> on how to use OMS to make an IAP TDF election<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo2">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL29yaW9uLnBlcnMuc3RhdGUub3IudXMvU2VsZlNlcnZpY2Uvdmlld1BhZ2U_Y29tcG9uZW50PS9sb2dpbkZvcm0uanNwJm1vZGU9TUJSIn0.NFKye7csgpB9eQhUiruYv3AQRGNBKd6VcU0YXblN0F0/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">OMS
login page</span></a><o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo2">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.Fy0n81pPPuCfn4vsNzWEKX11bsqW-S2eVt93jdPaaOw/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">OMS
information and availability</span></a><o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo2">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL09NUy1GbHllci5wZGYifQ.I2obI5FW3AH9_RWimvLsSoyIxYIxY_6sjQ17Ab5TmRo/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">How
to create and use your OMS account</span></a> (PDF flyer)<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l0 level1 lfo2">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvU3VibWl0LWEtUXVlc3Rpb24uYXNweCJ9.t2wSQ5FbmrtFgZXkaL4yaODWw8ltYCpkDNr7a28h34o/s/778057492/br/83058458403-l" target="_blank"><span style="color:#40AD4A">Email
PERS Member Services</span></a> (help with accessing OMS, other questions)<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">
<strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">Note</span></strong><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">: As PERS works to modernize online access for members, please use Internet Explorer
in compatibility mode when logging into your OMS account. Other web browsers may experience functionality issues.<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>
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<h2 style="mso-margin-top-alt:7.5pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:15.0pt;font-family:"Arial",sans-serif;color:black">Paper form option<o:p></o:p></span></h2>
<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">If you cannot access OMS, a
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vNzI1LUlBUC1UYXJnZXQtRGF0ZS1GdW5kLShUREYpLU1lbWJlci1DaG9pY2UtRWxlY3Rpb24ucGRmIn0.fFCIGCPd8QMvrjmYU9mwlhEE1rdwlW6WMsyKLA87mdY/s/778057492/br/83058458403-l" target="_blank">
<span style="color:#40AD4A">PDF form</span></a> is now available to download, print, and mail or fax back to PERS. PERS cannot accept forms via email.<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:l1 level1 lfo3">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Pay close attention to the instructions on the form if you choose this option instead of OMS.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l1 level1 lfo3">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">Forms must be received
<strong><span style="font-family:"Arial",sans-serif">by PERS by September 30</span></strong> to be effective January 1 of the following calendar year.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;margin-bottom:5.25pt;mso-list:l1 level1 lfo3">
<span style="font-size:10.5pt;font-family:"Arial",sans-serif">In addition, if more than one TDF election is submitted to PERS, whether by the form or through OMS, only the first election received by PERS will be deemed valid.<o:p></o:p></span></li></ul>
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<em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black">*Only members who have not retired from their IAP can change their TDF. Also ineligible for Member Choice are: alternate payees, beneficiaries, public employees who have not yet completed
their six-month waiting period to establish PERS membership, and members who have already withdrawn or distributed their IAP balance.</span></em><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
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<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.eyJidWxsZXRpbl9saW5rX2lkIjoxMTQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA5MDEuMjYzOTQ1MTEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTmV3cy9DT1ZJRC0xOS5hc3B4In0.84TVrcgJam8WsnIvNwftel_q_VEa0xWCjkmbstlxdSw/s/778057492/br/83058458403-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>
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