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<title>April 2022 Perspectives newsletter for Tier One, Tier Two members</title>
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<p class="MsoNormal"><span style="font-size:12.0pt">Forwarding on behalf of PERS.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#993366"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="color:#1F4E79;letter-spacing:2.0pt">Shauna Tobiasson</span></b><b><span style="font-size:10.0pt;color:#4F6228">
</span></b><span style="font-size:10.0pt;color:gray">| </span><span style="font-size:10.0pt;color:#993366">Senior CPERS Analyst</span><span style="font-size:10.0pt;color:gray"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:3.0pt;color:#A6A6A6">___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#595959">DAS Centralized PERS Services Team
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#595959">Cell: 971-719-3173<o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:12.0pt"><span style="font-size:9.0pt;color:#993366">Website:
</span><span style="color:#993366"><a href="http://www.oregon.gov/DAS/Financial/payroll/Pages/index.aspx"><span style="font-size:9.0pt;color:#0563C1">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;color:#993366">“I have the most valuable commodity in America: the blind stubborn belief that I’m doing what is right” – Leslie Knope</span><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> Oregon PERS <OregonPERS@public.govdelivery.com>
<br>
<b>Sent:</b> Friday, April 1, 2022 11:41 AM<br>
<b>To:</b> TOBIASSON Shauna M * DAS <Shauna.M.TOBIASSON@das.oregon.gov><br>
<b>Subject:</b> April 2022 Perspectives newsletter for Tier One, Tier Two members<o:p></o:p></p>
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<p align="center" style="margin:0in;text-align:center"><span style="font-size:9.0pt;font-family:"Helvetica",sans-serif;color:#666666"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL2NvbnRlbnQuZ292ZGVsaXZlcnkuY29tL2FjY291bnRzL09SUEVSUy9idWxsZXRpbnMvMzBmNjgwMiJ9.5cbqr1em3ORVekfrK2lJBDJHHpTeWxk4kb3LmSrAS-k/s/778057492/br/129038145693-l" target="_blank"><span style="color:#666666">VIEW
AS A WEBPAGE</span></a><o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Helvetica",sans-serif;color:#676767">APRIL 2022<o:p></o:p></span></h3>
<p class="MsoNormal"><img border="0" width="570" height="144" style="width:5.9375in;height:1.5in" id="_x0000_i1048" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2021/11/5215363/3840116/mas-image-04_crop.png" alt="Example image of a PERS member annual statement"><o:p></o:p></p>
<h1 style="mso-margin-top-alt:8.05pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">2021 member annual statements on their way in May
</span></strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E"><o:p></o:p></span></h1>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">The latest information about your PERS retirement benefits will soon arrive in your mailbox. Member annual statements for 2021, reflecting data submitted by your employer as of December
31, 2021, will be mailed by the end of May.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">When you receive your statement, check that all your personal information is correct. If not, contact your PERS-participating employer. If you are not currently employed, you can
submit an <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vMTUzVy1JbmZvcm1hdGlvbi1DaGFuZ2UtUmVxdWVzdC5wZGYifQ.-LiSBUluthf9XRBVIayPcQSuC3djd9KXMTSzIoOMRa4/s/778057492/br/129038145693-l">
<span style="color:#14506E">Information Change Request</span></a> form.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">All Tier One/Tier Two members who have worked in a qualifying position after January 1, 2004, have two parts to their PERS retirement: a pension and an Individual Account Program
(IAP) account-based benefit. Both will be included on your statement.<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Why send annual statements in May?
</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">PERS cannot finalize 2021 statements until after the PERS Board adopts 2021 final
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvRmluYW5jaWFscy9Bbm51YWwtRWFybmluZ3MtQ3JlZGl0aW5nLmFzcHgifQ.jj9eP5Njm6o5BcjU-cG21hRd9XFHQFVjcfYda3opNjw/s/778057492/br/129038145693-l">
<span style="color:#14506E">earnings crediting</span></a>, which occurred on March 28.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">What resources can help me understand my statement?
</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Annual statement
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL01lbWJlci1Bbm51YWwtU3RhdGVtZW50LUZBUXMuYXNweCJ9.xvjJyKGXvqpi7JWqIRAVqcLA_N0o5BFn5cmg8KAHs7Q/s/778057492/br/129038145693-l">
<span style="color:#14506E">FAQs and resources</span></a> are available on the PERS website.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Three key areas to review on your statement are:<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Your birthdate and other personal information</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">, such as your address, hire date, and membership date.
Your birth date is used to establish which age-based <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvRmluYW5jaWFscy9JQVAtVGFyZ2V0LURhdGUtRnVuZHMuYXNweCJ9.Mj29z0H8syCHooSiCpZ7S4aprkSUK8Xmyegxfxb5A7A/s/778057492/br/129038145693-l">
<span style="color:#14506E">target-date fund</span></a> (TDF) your IAP is invested in.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l6 level1 lfo1;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Your service credit.
</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Your years of service can affect the formula used to calculate your retirement benefits. One of
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL2FwcHMucGVycy5zdGF0ZS5vci51cy9wZXJzMjM4L0NvbnRlbnQvcGVyc19jYWxjdWxhdGluZ19iZW5lZml0cy5odG0ifQ.Z4Q8EFARZaPryxF83tLM4cCQsdJbFXAVKtqJiJYlvpM/s/778057492/br/129038145693-l">
<span style="color:#14506E">three formulas</span></a> can be used, but most Tier One/Tier Two members now retire under the Full Formula Method.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l6 level1 lfo1;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Your IAP information.</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"> This area shows you the investment returns for your target-date fund. Each fund
has its own mix of investments, set by the <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L2ludmVzdGVkLWZvci1vcmVnb24vcGFnZXMvb3JlZ29uLWludmVzdG1lbnQtY291bmNpbC5hc3B4In0.omlUzVaTNIEFhlSng0E636X7KZhlGRZqFj4O4Z-9w4E/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">Oregon Investment Council</span></a>. Your investment returns may differ from other members who are in different TDFs.<o:p></o:p></span></li></ul>
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<p class="MsoNormal"><o:p> </o:p></p>
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<strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Member Choice: If you opted to change your TDF ... </span></strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E"><o:p></o:p></span></h1>
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</v:shape><![endif]--><![if !vml]><img width="132" height="132" style="width:1.375in;height:1.375in" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2021/11/5215415/4020153/reminder-icon-pop-mustard-01_crop.png" align="right" hspace="5" alt="Reminder icon" v:shapes="Picture_x0020_2"><![endif]><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Any
changes you made to your Individual Account Program (IAP) Target-Date Fund (TDF) in September 2021, took effect on January 1, 2022, and you cannot make any new changes in
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.aHzf8ACGjgZqpTS1XafsZJItt42Bl-iECaQpWlX8soU/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">Online Member Services</span></a> until the next Member Choice window in September 2022.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Changes that took effect in January will not be reflected on the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL01lbWJlci1Bbm51YWwtU3RhdGVtZW50LUZBUXMuYXNweCJ9.ZwJ88UwSQeBHWCjjjVuy_BRUZhHadCe1f2NHXIPsRiw/s/778057492/br/129038145693-l">
<span style="color:#14506E">member annual statement</span></a> you receive this spring because the cut-off date for account information that goes into your statement was December 31, 2021. You will see January 2022 changes on your spring 2023 statement.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Find full information about Member Choice on the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvRmluYW5jaWFscy9JQVAtVGFyZ2V0LURhdGUtRnVuZHMuYXNweCJ9.rDNbVdXU5-uuhtdLD9gWV2qHRdsr0xCKlTqi-LzIJqU/s/778057492/br/129038145693-l">
<span style="color:#14506E">IAP Target-Date Funds</span></a> webpage.<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"><img border="0" width="570" height="321" style="width:5.9375in;height:3.3472in" id="_x0000_i1047" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5673305/4018405/vyond-video-screenshot-2-a_crop.png" alt="How PERS Works video screenshot"><o:p></o:p></p>
<h1 style="mso-margin-top-alt:8.05pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">New video explains how retirement system works</span></strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E"><o:p></o:p></span></h1>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Ever wonder how everything comes together to make your pension system function?<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">The Public Employees Retirement System (PERS) relies on the partnership of the Oregon Legislature; Oregon State Treasury; and PERS, the agency. PERS-participating employers also play
a key role.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Learn more about the role each one plays in supporting your retirement system in our
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3ZpbWVvLmNvbS82NTQ3MTcxMjgifQ.OmfGUPOD8lj1sYz3hbdntGTAJ8-c-dy99DAkvzJeBas/s/778057492/br/129038145693-l">
<span style="color:#14506E">new video</span></a>.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Take PERS’ 2022 online member satisfaction survey</span></strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E"><o:p></o:p></span></h1>
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your feedback and help PERS, the agency, improve our member services by taking our annual member satisfaction survey.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Starting May 1, you can
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5zdXJ2ZXltb25rZXkuY29tL3IvMjAyMl9QRVJTX01lbWJlcl9TYXRpc2ZhY3Rpb25fU3VydmV5In0.kkEPlfOfiffsfeALluK-aZsoN6HOuWFQwa1dxo4GGvo/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">complete the survey online</span></a>. PERS will send a reminder about the survey once it's available.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">You will have until May 31 to complete the online-only survey.<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"><img border="0" width="570" height="234" style="width:5.9375in;height:2.4375in" id="_x0000_i1046" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5675501/4020155/pers-hq-2_crop.png" alt="Image of PERS Headquarters in Tigard"><o:p></o:p></p>
<h1 style="mso-margin-top-alt:8.05pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">PERS headquarters scheduled to reopen May 2</span></strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E"><o:p></o:p></span></h1>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">PERS headquarters building in Tigard will reopen to the public on May 2. You can keep up to date about PERS’ operations via
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTmV3cy9DT1ZJRC0xOS5hc3B4In0.wSZIhbn5suvdFpDV_NXTuPAKKgU48Ewyd4Ttubt2OxQ/s/778057492/br/129038145693-l">
<span style="color:#14506E">updates on our website</span></a> and <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvbmV3In0.DtCM0wKRmJBBK9TPKnvkmZm9i-z-wn1JFkCqm0RWg8Q/s/778057492/br/129038145693-l">
<span style="color:#14506E">PERS emails</span></a>.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Salary limit increased for benefit calculations</span></strong><span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E"><o:p></o:p></span></h1>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">In January 2022, the limit on subject salaries used in benefit calculations increased to $210,582* per year.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">PERS uses subject salaries to determine member IAP contributions, employer contributions to fund the pension program, and the final average salary for calculating retirement benefits
under formula methods.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">If you plan to retire in the first few months of 2022, be aware that salary limitations also apply to working partial years. Read more about
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCLTEwNDktQ2hhbmdlcy1TYWxhcnktTGltaXQuYXNweCJ9.1FWq1OQ_m0l5XAqRwaKYWFuDNux3-PgDaBc6BRP6PLA/s/778057492/br/129038145693-l">
<span style="color:#14506E">Senate Bill 1049 salary limits</span></a> and <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1BhcnRpYWwtWWVhci5hc3B4In0.U8Pfi4ZTzXZDdUg2_ieJgcFbAw6iiViHqMjoQpk246w/s/778057492/br/129038145693-l">
<span style="color:#14506E">partial year salary limits</span></a> online.<o:p></o:p></span></p>
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<em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">*Indexed annually to the Consumer Price Index</span></em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Things to know about Member Redirect and your IAP<o:p></o:p></span></h1>
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<!--[if gte vml 1]><v:shape id="Picture_x0020_4" o:spid="_x0000_s1031" type="#_x0000_t75" alt="Member Redirect icon" style='position:absolute;margin-left:0;margin-top:0;width:100.5pt;height:100.5pt;z-index:251660288;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:3.5pt;mso-wrap-distance-top:0;mso-wrap-distance-right:3.5pt;mso-wrap-distance-bottom:0;mso-position-horizontal:left;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:line;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page' o:allowoverlap="f">
<v:imagedata src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5680417/4020156/member-redirect-icon_crop.png" />
<w:wrap type="square" anchory="line"/>
</v:shape><![endif]--><![if !vml]><img width="134" height="134" style="width:1.3958in;height:1.3958in" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5680417/4020156/member-redirect-icon_crop.png" align="left" hspace="5" alt="Member Redirect icon" v:shapes="Picture_x0020_4"><![endif]><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">If
you earn more than the <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS1FUFNBLmFzcHgifQ.Zf2ozutNGMjOxynAiRaXC59IguL3w0foCwBSgsTBdPM/s/778057492/br/129038145693-l">
<span style="color:#14506E">monthly salary threshold</span></a>, a portion of your 6% IAP contributions is now redirected into the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS1FUFNBLmFzcHgifQ.rJOfjfEIASzBJeejQWFa3eN9SRrIeZi6qTRf4l8rqbk/s/778057492/br/129038145693-l">
<span style="color:#14506E">Employee Pension Stability Account</span></a> (EPSA). EPSA contributions and earnings from 2021 will be shown on your 2021 member annual statement, which you will receive in spring 2022. The redirect to EPSA remains in effect when
the PERS system is less than 90% funded*.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">To offset the redirect, you can opt to make a 2.5%
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL0RvY3VtZW50cy9TQjEwNDktVm9sdW50YXJ5LUNvbnRyaWJ1dGlvbnMtRkFRcy5wZGYifQ.urdBxko1ZgzwYV2FsVcU9AUWZab8jQKY4mKPgc0lfXY/s/778057492/br/129038145693-l">
<span style="color:#14506E">voluntary contribution</span></a> to your IAP or consider increasing your retirement savings elsewhere, such as with the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvT1NHUC9QYWdlcy9pbmRleC5hc3B4In0.Zm_kqGscwmdTSX4lFd69T0YSge0Fh1JjwO9A9iQ9EuM/s/778057492/br/129038145693-l">
<span style="color:#14506E">Oregon Savings Growth Plan</span></a>. Remember that you can
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1ZvbHVudGFyeS1Db250cmlidXRpb25zLU9NUy5hc3B4In0.tkfI-vl9fEgktR9Cy9i-XyVW3hdQEfKbP4nbpvP0PrI/s/778057492/br/129038145693-l">
<span style="color:#14506E">begin or end voluntary IAP contributions</span></a> by logging into your
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.VL7tDp2x9i680-UZ-jicapL-0LEo-fWL1lUk1N3cc8c/s/778057492/br/129038145693-l">
<span style="color:#14506E">Online Member Services</span></a> (OMS) account.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Find full information about Member Redirect on the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1NCMTA0OS1JQVAtUmVkaXJlY3QtVDFUMi5hc3B4In0.jdxl8rSh8OpElOMj5acXNkKXkoq88DOoJRW0T8eCvOQ/s/778057492/br/129038145693-l">
<span style="color:#14506E">IAP Redirect webpage</span></a>.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">*The latest official actuarial valuation shows that PERS’ funded status including side accounts was about 76% as of December 31, 2020.</span></em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Retirement planning: Are you saving enough?<o:p></o:p></span></h1>
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<!--[if gte vml 1]><v:shape id="Picture_x0020_5" o:spid="_x0000_s1030" type="#_x0000_t75" alt="Image illustrating retirement planning" style='position:absolute;margin-left:153.55pt;margin-top:0;width:204.75pt;height:136.5pt;z-index:251661312;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:3.5pt;mso-wrap-distance-top:0;mso-wrap-distance-right:3.5pt;mso-wrap-distance-bottom:0;mso-position-horizontal:right;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:line;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page' o:allowoverlap="f">
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</v:shape><![endif]--><![if !vml]><img width="273" height="182" style="width:2.8472in;height:1.8958in" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5680712/4020157/retirement-planning-image_crop.jpeg" align="right" hspace="5" alt="Image illustrating retirement planning" v:shapes="Picture_x0020_5"><![endif]><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Your
retirement future is up to you. How you plan and save for your retirement can determine your retirement security.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">To check whether you’ll have the money you need for a secure retirement, begin by gathering benefit estimates for your retirement accounts and Social Security. Two available estimation
tools are:<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Tier One/Tier Two pension</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"> — Log into
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.AZbHF4Zc43M4eFKbidkCLKJjLMdBxRjaMvyVXf3ZqB4/s/778057492/br/129038145693-l">
<span style="color:#14506E">Online Member Services</span></a>, and click the “Benefit Estimate” link to get started.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l2 level1 lfo2;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Social Security</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"> — Use the federal Social Security Administration’s
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5zc2EuZ292L3BsYW5uZXJzL2NhbGN1bGF0b3JzLyJ9.Tfj0gpSgyYrB8WKbkGL4LvZlvURj-1TfW1lQXGBX6Uk/s/778057492/br/129038145693-l">
<span style="color:#14506E">online benefits calculators</span></a>.<o:p></o:p></span></li></ul>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Add up your estimates and compare your total to what financial experts say you’ll need when you retire: 80% of your working income.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">If your total estimate falls short, you may consider saving additional money in other retirement accounts.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">One option for saving more is the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvT1NHUC9QYWdlcy9pbmRleC5hc3B4In0.JcHJb9k6lxg_Un_1pN3oGtAlM2chtru532h8VhOrMu4/s/778057492/br/129038145693-l">
<span style="color:#14506E">Oregon Savings Growth Plan</span></a> (OSGP). OGSP offers both pre- and/or post-tax retirement savings options and various free
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3ZveWFtYXJrZXRpbmd6b25lLmRtcGxvY2FsLmNvbS9zaXRlcy80ODE2L29zZ3AtcmVwLXdvcmtzaG9wcy5odG1sIn0.TnkhYPw8WTUIrwBOyH47fIqmezuWiRihthdNpkJiM_E/s/778057492/br/129038145693-l">
<span style="color:#14506E">educational workshops</span></a>.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Other retirement preparations to consider<o:p></o:p></span></h1>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Preparing for retirement requires many steps — from estimating whether you’re saving enough to designating beneficiaries as applicable to your membership type.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Something else to plan for is who will act on your behalf in the event of severe illness or death. Check out these resources:<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Authorization to Release Account Information</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"> —
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vNjgwLUF1dGhvcml6YXRpb24tdG8tUmVsZWFzZS1BY2NvdW50LUluZm9ybWF0aW9uLnBkZiJ9.4Gr02JOvW_8qjwABqRfU4Wdh-hgM9HWUHAqEWvx78iw/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">This form</span></a> will allow you to name other parties who can receive information about your PERS benefits, including account balances and benefit estimates.<o:p></o:p></span></li></ul>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Special Power of Attorney for PERS</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"> —
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0Zvcm0vMjYwVy1TcGVjaWFsLVBvd2VyLW9mLUF0dG9ybmV5LVBPQS1mb3ItUEVSUy5wZGYifQ.4Z8NMWCJ8cXrgoxbQJWppcGy9e6QQL_HrJARudgF9E4/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">This form</span></a> will allow you to designate others who can make decisions about your PERS benefits on your behalf. <o:p></o:p></span></li></ul>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Also be aware that when you die, a family member, beneficiary, or caregiver must notify PERS. More information about
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMjksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0RlYXRoLWluLXRoZS1mYW1pbHkuYXNweCJ9.y_5S16VUHUrvKTOcTti2YVOIauZyHdwEeIXuuguM0t0/s/778057492/br/129038145693-l">
<span style="color:#14506E">death benefits</span></a> is available on the PERS website.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">How much could health care cost you in retirement?<o:p></o:p></span></h1>
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<!--[if gte vml 1]><v:shape id="Picture_x0020_6" o:spid="_x0000_s1029" type="#_x0000_t75" alt="PERS Health Insurance Program logo" style='position:absolute;margin-left:117.55pt;margin-top:0;width:168.75pt;height:95.25pt;z-index:251662336;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:3.5pt;mso-wrap-distance-top:0;mso-wrap-distance-right:3.5pt;mso-wrap-distance-bottom:0;mso-position-horizontal:right;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:line;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page' o:allowoverlap="f">
<v:imagedata src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2021/11/5215417/4020158/phip-logo-color-01_crop.png" />
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</v:shape><![endif]--><![if !vml]><img width="225" height="127" style="width:2.3472in;height:1.3194in" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2021/11/5215417/4020158/phip-logo-color-01_crop.png" align="right" hspace="5" alt="PERS Health Insurance Program logo" v:shapes="Picture_x0020_6"><![endif]><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">As
you ponder your future retirement, don’t forget about health care.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Many public employees have the majority of their health insurance costs covered by their employers while they are still working. In some cases, employers may cover up to 95% to 99%
of medical, dental, vision, and basic life insurance premiums. When you cease working, the cost of your insurance coverage will rest solely with you. <o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Depending on your age and other factors at retirement, you may or may not yet be
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5oaHMuZ292L2Fuc3dlcnMvbWVkaWNhcmUtYW5kLW1lZGljYWlkL3doby1pcy1lbGliaWJsZS1mb3ItbWVkaWNhcmUvaW5kZXguaHRtbCJ9.m4z1yUG5XPNzlU_8I5aIZe2BlHZrGd91Bmzo2on71pU/s/778057492/br/129038145693-l">
<span style="color:#14506E">eligible for Medicare</span></a> coverage. Even when you are eligible, Medicare does not cover all health care costs, and you may wish to have
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5tZWRpY2FyZS5nb3Yvc3VwcGxlbWVudHMtb3RoZXItaW5zdXJhbmNlL3doYXRzLW1lZGljYXJlLXN1cHBsZW1lbnQtaW5zdXJhbmNlLW1lZGlnYXAifQ.jhajZwMrQ2kk6rjzppXRTVAT5iS-yLJI5qqE3J32_70/s/778057492/br/129038145693-l">
<span style="color:#14506E">supplemental coverage</span></a> to bridge the gap.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Once you become a PERS retiree, several health insurance options will become available to you through the PERS Health Insurance Program (PHIP). PHIP offers Medicare and non-Medicare
plans, as well as dental options.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Visit the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5wZXJzaGVhbHRoLmNvbS8ifQ.UcYN2hBDm7gUeXmwXb6mxZ_9b7ymICmoXcu4Vkgh_Zg/s/778057492/br/129038145693-l">
<span style="color:#14506E">PHIP website</span></a> or call 800-768-7377 for more information about the program.<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Additional information about health care costs</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Some <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5maWRlbGl0eS5jb20vdmlld3BvaW50cy9wZXJzb25hbC1maW5hbmNlL3BsYW4tZm9yLXJpc2luZy1oZWFsdGgtY2FyZS1jb3N0cyJ9.EXw4hejA5SG0u0Ct1fjy6ftBA6ggjQmKR9WqpnEKDFQ/s/778057492/br/129038145693-l">
<span style="color:#14506E">industry estimates</span></a> say the average health care costs in retirement amount to hundreds of thousands of dollars. <o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l3 level1 lfo5;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Estimator tools can help you explore possible health care costs. Fidelity, a financial services corporation,
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL2NvbW11bmljYXRpb25zLmZpZGVsaXR5LmNvbS93aS90b29scy9yZXRpcmVtZW50LWhlYWx0aC1jYXJlLyJ9.nz_e2hr2_pOm8BsI2NtAWizrC6WPrP0-Ub4a0NSG2zE/s/778057492/br/129038145693-l">
<span style="color:#14506E">offers one such tool</span></a>. This tool is for general information only and not a guarantee of future costs. <o:p></o:p></span></li></ul>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Resources to help you with PERS' retirement process<o:p></o:p></span></h1>
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<!--[if gte vml 1]><v:shape id="Picture_x0020_7" o:spid="_x0000_s1028" type="#_x0000_t75" alt="Process reminders icon" style='position:absolute;margin-left:0;margin-top:0;width:105.75pt;height:105.75pt;z-index:251663360;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:3.5pt;mso-wrap-distance-top:0;mso-wrap-distance-right:3.5pt;mso-wrap-distance-bottom:0;mso-position-horizontal:left;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:line;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page' o:allowoverlap="f">
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</v:shape><![endif]--><![if !vml]><img width="141" height="141" style="width:1.4722in;height:1.4722in" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5680714/4020159/process-reminder-icon_crop.png" align="left" hspace="5" alt="Process reminders icon" v:shapes="Picture_x0020_7"><![endif]><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Are
you planning to retire in the near future? Don’t wait until the last minute to prepare.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Check out these helpful resources from PERS to get ready:<o:p></o:p></span></p>
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<li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l7 level1 lfo6;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Review PERS’ <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1RpZXJPbmUtVGllclR3by1TdGVwcy10by1SZXRpcmUuYXNweCJ9.qXcl8OMHjcADIj-0pP4_SCYpA1AKgwXSBuvudPpV8xI/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">I Want to Retire</span></a> webpage and follow the instructions.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l7 level1 lfo6;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Attend an <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1RpZXItT25lLVRpZXItVHdvLVByZXNlbnRhdGlvbnMtSW5kZXguYXNweCJ9.CQc3_KQjShJ_m6dHAiA3pGamZ5O--dBIhKSpWZmuUfg/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">education session</span></a>. <o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l7 level1 lfo6;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Schedule a <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1JBQVMvUmV0aXJlbWVudC1BcHBsaWNhdGlvbi1Bc3Npc3RhbmNlLVNlc3Npb25zLmFzcHgifQ.9mekf2XCcobohWY0AvcqQ1gJwF-7zU7toMc5QZ_BcfE/s/778057492/br/129038145693-l">
<span style="color:#14506E">retirement application assistance session (RAAS)</span></a>. <o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l7 level1 lfo6;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Get a written <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0JlbmVmaXQtRXN0aW1hdGVzLmFzcHgifQ.ABAkbMfJMuE0cnzW5nTk5QgiGlLHAND1F8SsGgdh_-4/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">benefit estimate</span></a> when you are within 24 months of being eligible to retire. You also can create estimates online earlier through your
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.EpGc3c5SArl227dYnf3ncjmfP600iZLTDbWefjcrKsA/s/778057492/br/129038145693-l">
<span style="color:#14506E">Online Member Services</span></a> (OMS) account.<o:p></o:p></span></li></ul>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Also, keep the following important points in mind:<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">It can take up to 92 days from your retirement date (not the date of your application submission) for your first pension benefit to be paid.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l1 level1 lfo7;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Once PERS receives your application, we will review all of your account information and reconcile data with your employer(s) as needed. Data discrepancies can sometimes cause your finalized benefit
amount to differ from benefit estimates you received earlier. Remember that benefit estimates are just that — estimates.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l1 level1 lfo7;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Filling out your application correctly, checking your personal information in
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.OMxqbuFnfQqZ70ORyeHN8gXS5nwCZbe2QO4XCZC_Wa4/s/778057492/br/129038145693-l">
<span style="color:#14506E">OMS</span></a> or on your <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL01lbWJlci1Bbm51YWwtU3RhdGVtZW50LUZBUXMuYXNweCJ9.DoUupCyI4hOTZ30ml2wACkkjFT1k0MuL-CV4-SKnKx8/s/778057492/br/129038145693-l">
<span style="color:#14506E">member annual statement</span></a>, and getting benefit estimates can help you avoid delays in the processing of your application. If you find errors in your personal/account information, contact your employer for corrections.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l1 level1 lfo7;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1doYXQtaXMtdGhlLUlBUC5hc3B4In0.9nGhV9oWZXYIWuN2OLjBC40r7WCJuVX5ssYbwxIw0VU/s/778057492/br/129038145693-l"><span style="color:#14506E">Individual
Account Program (IAP)</span></a> retirement benefits can typically take from 90 to 120 days to process and complete payments or rollovers. Processing is done both by PERS and Voya, which administers IAPs for PERS.<o:p></o:p></span></li></ul>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">If you have questions,
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.sSEEBLTWTrmPKwyRLmchZK4bPXgylp1sEvSBC1scmIQ/s/778057492/br/129038145693-l">
<span style="color:#14506E">contact Member Services</span></a> for assistance.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Fiduciary responsibility key to PERS investments<o:p></o:p></span></h1>
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<!--[if gte vml 1]><v:shape id="Picture_x0020_8" o:spid="_x0000_s1027" type="#_x0000_t75" alt="Photo of Oregon Treasurer Tobias Read" style='position:absolute;margin-left:0;margin-top:0;width:207pt;height:276.75pt;z-index:251664384;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:3.5pt;mso-wrap-distance-top:0;mso-wrap-distance-right:3.5pt;mso-wrap-distance-bottom:0;mso-position-horizontal:left;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:line;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page' o:allowoverlap="f">
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</v:shape><![endif]--><![if !vml]><img width="276" height="369" style="width:2.875in;height:3.8472in" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5668450/4020160/treasurer-read-2022_crop.jpg" align="left" hspace="5" alt="Photo of Oregon Treasurer Tobias Read" v:shapes="Picture_x0020_8"><![endif]><strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">By
Tobias Read</span></strong><b><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><br>
</span></b><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Oregon State Treasurer<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">As state treasurer and a member of the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L2ludmVzdGVkLWZvci1vcmVnb24vcGFnZXMvb3JlZ29uLWludmVzdG1lbnQtY291bmNpbC5hc3B4In0.7-GRq2NWoaYH06n72j79H3kmS54XGxOiEMyr8jxjtVY/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">Oregon Investment Council</span></a> (OIC), I’m often asked questions that prompt me to begin my answer with “as a fiduciary” or “my fiduciary responsibilities require me to …” <o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">What does that mean? What is a
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5jb25zdW1lcmZpbmFuY2UuZ292L2Fzay1jZnBiL3doYXQtaXMtYS1maWR1Y2lhcnktZW4tMTc2OS8ifQ.5MBT8_DJ_UoMoCfpGeZ5ynu3zv5nXYHYZef-z-jcqBI/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">fiduciary</span></a>? And how does that fiduciary responsibility inform investment decisions made by my team at
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L1BhZ2VzL2luZGV4LmFzcHgifQ.reI08H-TNDT9xUdYc2YCJ7oow0B2wgm-zRsjyEfSxJk/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">Oregon State Treasury</span></a>?<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Under most state pension laws and the federal
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5kb2wuZ292L2dlbmVyYWwvdG9waWMvcmV0aXJlbWVudC9lcmlzYSM6fjp0ZXh0PVRoZSUyMEVtcGxveWVlJTIwUmV0aXJlbWVudCUyMEluY29tZSUyMFNlY3VyaXR5LGZvciUyMGluZGl2aWR1YWxzJTIwaW4lMjB0aGVzZSUyMHBsYW5zLiJ9.KLSmUBn1fNLM8MFVJr4vgnrFi1CST_MkkkWaxMhwpYs/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">Employee Retirement Income Security Act</span></a> (ERISA), a fiduciary is anyone who exercises discretionary authority or control over management or investment of retirement plan assets. That places me, my fellow OIC members, and
many state Treasury employees squarely in the role of being fiduciaries.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">It’s a role with profound responsibility. It requires us to act for the exclusive benefit of plan beneficiaries. That means that OIC members make investment decisions for the $100
billion PERS’ pension fund — also known as the <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNDksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L2ludmVzdGVkLWZvci1vcmVnb24vcGFnZXMvcGVyZm9ybWFuY2UtaG9sZGluZ3MuYXNweCNPUEVSRiJ9.NcuQ5qxiz30OK7ILUE_kiifP_j4s3QB3tDYNstM7mVI/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">Oregon Public Employees Retirement Fund</span></a> (OPERF) — with undivided loyalty to PERS members and their retirement security.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Oregon law goes a step further. Statute requires fiduciaries to make our investment funds as “productive as possible,” subject to a prudent investor standard. This additional guidance
means that while the council is directed to generate productive returns, we must do so with “reasonable care, skill, and caution” in our work.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Does this mean that I can’t factor in my morals and personal politics? Actually, yes, it does. Whether I like or don’t like a product or company CEO doesn’t matter — my opinion must
be kept separate from the decisions I make as a fiduciary.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Risks from other issues — such as climate change, corporate governance, or labor relations — can be factored into decision making. That same prudent investor standard, and the long-term
productivity of investments, requires us to account for risks when making decisions. But again, we are assessing the specific risks and returns of particular investments, not letting our broader sentiments on different issues drive decisions.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">These decisions can involve countless data points, drivers, market analyses, and other factors. But at the heart of each decision is one constant: a commitment to ensuring that the
public employees enrolled in PERS can count on OPERF fiduciaries like me to put their retirement security first.<o:p></o:p></span></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">2021 earnings crediting approved by PERS Board
<o:p></o:p></span></h1>
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<!--[if gte vml 1]><v:shape id="Picture_x0020_9" o:spid="_x0000_s1026" type="#_x0000_t75" alt="Image illustrating earnings crediting " style='position:absolute;margin-left:162.55pt;margin-top:0;width:213.75pt;height:142.5pt;z-index:251665408;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:3.5pt;mso-wrap-distance-top:0;mso-wrap-distance-right:3.5pt;mso-wrap-distance-bottom:0;mso-position-horizontal:right;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:line;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page' o:allowoverlap="f">
<v:imagedata src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5680756/4020161/earnings-crediting-image2_crop.jpeg" />
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</v:shape><![endif]--><![if !vml]><img width="285" height="190" style="width:2.9722in;height:1.9791in" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5680756/4020161/earnings-crediting-image2_crop.jpeg" align="right" hspace="5" alt="Image illustrating earnings crediting " v:shapes="Picture_x0020_9"><![endif]><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">The
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L2ludmVzdGVkLWZvci1vcmVnb24vcGFnZXMvcGVyZm9ybWFuY2UtaG9sZGluZ3MuYXNweCNPUEVSRiJ9.r23uf7MVKGvFG1Gd5zcf16vTd8GWTCVVbEqwT-y0-44/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">Oregon Public Employees Retirement Fund</span></a> (OPERF) earned 20.05% in investment returns for 2021. <o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">However, annual earnings credited to member accounts will be different than this rate. They differ because of administrative expenses and various requirements set by state law, administrative
rules, and PERS Board actions.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">The board approved the 2021 annual earnings crediting to member accounts at its
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0JvYXJkLU1lZXRpbmdzLzIwMjIvMDMtMjgtMjAyMl9QRVJTX0JvYXJkX1BhY2tldC5wZGYifQ.CYyTjloaXQX2OLsrNAXvw6NU3Aqi1EySoosWuzv29t4/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">March 28, 2022, meeting</span></a>: <o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Tier One</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"> members’ pension accounts were credited with the assumed earnings rate in effect for 2021: 7.20%.
See Oregon Administrative Rule <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3NlY3VyZS5zb3Muc3RhdGUub3IudXMvb2FyZC92aWV3U2luZ2xlUnVsZS5hY3Rpb24_cnVsZVZyc25Sc249MjY1MDAzIn0.EUzQEuRscDClLv6RITPsuAtsZ7Gh0SYZ1SNBsB3da_0/s/778057492/br/129038145693-l">
<span style="color:#14506E">459-007-0005(11)</span></a> for further details.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l8 level1 lfo8;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Tier Two</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"> members’ pension accounts were credited with a proportional share of the investment returns:
20.14%.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l8 level1 lfo8;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Tier One/Tier Two Employee Pension Stability Account (EPSA)
</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">was credited 20.14%<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l8 level1 lfo8;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Individual Account Program (IAP) accounts
</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">are invested in age-based
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvRmluYW5jaWFscy9JQVAtVGFyZ2V0LURhdGUtRnVuZHMuYXNweCJ9.d-jTGYzvrbKP9423QUmL4n9HvYO7WVPRzWddR0J9-Dc/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">IAP Target-Date Funds</span></a> (TDF). The board-approved earnings for the TDFs are available on the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvRmluYW5jaWFscy8yMDIxLUVhcm5pbmdzLUNyZWRpdGluZy5hc3B4In0.bFROZMgCWGub0ViL5OXcwcbzSgAYnVlI6QD5uOfMaz8/s/778057492/br/129038145693-l" target="_blank">
<span style="color:#14506E">2021 earnings crediting</span></a> webpage.<o:p></o:p></span></li></ul>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Your accounts will reflect 2021 earnings crediting on your upcoming 2021 member annual statement. You should receive this statement by the end of May.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">OPERF is managed by
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L3BhZ2VzL2luZGV4LmFzcHgifQ.2xJhTUx7G2mSLATKc6ZC_C_5p-A3G7Y4ofKbgh0sHU0/s/778057492/br/129038145693-l">
<span style="color:#14506E">Oregon State Treasury</span></a> under the direction of the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3RyZWFzdXJ5L2ludmVzdGVkLWZvci1vcmVnb24vcGFnZXMvb3JlZ29uLWludmVzdG1lbnQtY291bmNpbC5hc3B4In0.Hu_d8EU5T8hkCb-p1dnPuSLhD_rMkbYTBqo7FZT43l8/s/778057492/br/129038145693-l">
<span style="color:#14506E">Oregon Investment Council</span></a> (OIC).<o:p></o:p></span></p>
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<p class="MsoNormal"><img border="0" width="570" height="86" style="width:5.9375in;height:.8958in" id="_x0000_i1045" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5675522/funding-equation-01_original.png" alt="Image: PERS Funding Equation "><o:p></o:p></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Equation helps PERS measure its financial health<o:p></o:p></span></h1>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">As a PERS member, you may wonder how your pension system keeps track of its financial health.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Each year, PERS calculates its “funded status,” which compares projections of how much money the PERS system will have versus how much it is expected to pay out in retirement benefits
within a certain timeframe.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">To calculate the funded status, PERS follows a process called an “actuarial valuation.”<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">The latest official actuarial valuation* puts PERS’ funded status at 71% as of December 31, 2020. When funding is added in from employer sources known as "side accounts," that percentage
increases to about 76%.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Every two years, the PERS Board examines how much money is coming into the system through employer sources. Based on the actuarial valuation and other data, the board decides whether
to change employer contribution rates (<strong><span style="font-family:"Helvetica",sans-serif">C</span></strong>) to ensure that money coming into the system — along with projected earnings from investments (<strong><span style="font-family:"Helvetica",sans-serif">E</span></strong>)
— will be enough to cover benefit payments (<strong><span style="font-family:"Helvetica",sans-serif">B</span></strong>).<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">On the earnings side,
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvRG9jdW1lbnRzL0dlbmVyYWwtSW5mb3JtYXRpb24vRWNvbm9taWMtSW1wYWN0LVN0dWR5LnBkZiJ9.p37URQxGomvrXIzXvy24TJcaFgj-InTAz2C7KU_u4ng/s/778057492/br/129038145693-l">
<span style="color:#14506E">about 74%</span></a> of benefit payments since 1970 have been paid for by long-term investments in the Oregon Public Employees Retirement Fund (OPERF).<o:p></o:p></span></p>
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<em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">*The next official actuarial valuation will be for the year ending December 31, 2021. It will be released in fall 2022.</span></em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<h1 style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in">
<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Explore what you can do with PERS' self-service tools
<o:p></o:p></span></h1>
<p class="MsoNormal"><img border="0" width="570" height="237" style="width:5.9375in;height:2.4722in" id="_x0000_i1044" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5675555/oms-login5_original.png" alt="OMS login screenshot"><o:p></o:p></p>
<p class="gdcaption" style="margin:0in"><i><span style="font-size:8.0pt;font-family:"Helvetica",sans-serif;color:black">You can access the Online Member Services (OMS) login from the PERS homepage.<o:p></o:p></span></i></p>
<p style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Need to check your service credit, register for an education session, or update your address or contact information? PERS has you covered with a number of self-service tools.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Online Member Services</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNTksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.QKR_b_3FghJ02AluEK0k1lfFjpdwhUrI6-bUX3C9Ils/s/778057492/br/129038145693-l"><span style="color:#14506E">Online
Member Services</span></a> (OMS) is where to go to:<o:p></o:p></span></p>
<ul type="disc">
<li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l4 level1 lfo9;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Review your employment history, including your salary and service credit.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l4 level1 lfo9;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Generate online benefit estimates for your pension.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l4 level1 lfo9;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Update your email address and phone number.<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l4 level1 lfo9;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1ZvbHVudGFyeS1Db250cmlidXRpb25zLU9NUy5hc3B4In0.768K10AxKXzCBiJd39n0ofaZxkB0aiPupH09vcyXn0I/s/778057492/br/129038145693-l"><span style="color:#14506E">Begin
or end voluntary contributions</span></a> to your IAP.<o:p></o:p></span></li></ul>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">If you need to set up an OMS account, check out our
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvV2hhdC1Jcy1PTVMuYXNweCJ9.7QeCo91hs9fFxhdHsAGJ5Fyw2tnXHRd7Pdpch4ceEYo/s/778057492/br/129038145693-l">
<span style="color:#14506E">What Is OMS?</span></a> webpage.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Be sure to review your member information, which is submitted to PERS by your employer. Contact your employer to correct any errors.<o:p></o:p></span></p>
<p class="MsoNormal"><img border="0" width="570" height="141" style="width:5.9375in;height:1.4722in" id="_x0000_i1043" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5675558/iap-login3_original.png" alt="IAP login screenshot"><o:p></o:p></p>
<p class="gdcaption" style="margin:0in"><i><span style="font-size:8.0pt;font-family:"Helvetica",sans-serif;color:black">You also can acces the Individual Account Program (IAP) login from the PERS homepage.<o:p></o:p></span></i></p>
<p style="mso-margin-top-alt:12.0pt;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Individual Account Program (IAP)</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Use the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL215LnZveWEuY29tL3ZveWFzc291aS9pbmRleC5odG1sP2RvbWFpbj1pYXAudm95YS5jb20jL2xvZ2luLXB3ZWIifQ.shrBH23Zan2wowmamK2Miz1gP8vG87N1JlNe1qKitvk/s/778057492/br/129038145693-l">
<span style="color:#14506E">Individual Account Program (IAP) portal</span></a> to check information about your IAP account, such as your IAP balance and ongoing contributions.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">If you’ve never logged into your IAP before, you’ll need to
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQ29udGFjdC1Vcy5hc3B4In0.Rejuf3hRVpDaf0N-fqDdVuguIq4uJ5v1SWfKahXKd8Y/s/778057492/br/129038145693-l">
<span style="color:#14506E">contact Member Services</span></a> to request an initial login PIN. Further details can be found on PERS’
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0lBUC1BY2NvdW50LUxvZy1Pbi1JbmZvcm1hdGlvbi5hc3B4In0.vhqPVVKeQBOSaW0fHqKv091RPgMp9I51Hvxkllq1OWU/s/778057492/br/129038145693-l">
<span style="color:#14506E">IAP Account Log-On Information</span></a> webpage.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><i><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Note:</span></i></strong><em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"> Employer reporting cycles and other factors can sometimes cause
delays in updates to your IAP information.</span></em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Oregon Savings Growth Plan (OSGP)</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Do you want to save more for retirement? Learn how you could supplement your retirement savings through the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3ZveWFtYXJrZXRpbmd6b25lLmRtcGxvY2FsLmNvbS9zaXRlcy8zNjUwL29zZ3Bfd2VsY29tZS5odG1sIn0.cLqXawNezjs4lYh0ZPMZh5-bFhegWunsXFLU2IWzifs/s/778057492/br/129038145693-l">
<span style="color:#14506E">Oregon Savings Growth Plan</span></a> (OSGP).<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Find your forms</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Want to designate your beneficiary, request a benefit estimate, or apply for retirement? There’s a form for that.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Find the form you need on PERS’
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjYsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTW9zdC1SZXF1ZXN0ZWQtRm9ybXMuYXNweCJ9.91eJTzeVTmdkKNva3_MELznCP0rYfMwSLjGbD-ZgiQ0/s/778057492/br/129038145693-l">
<span style="color:#14506E">Most Requested Forms</span></a> and <a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1RpZXJPbmUtVGllclR3by1Gb3Jtcy5hc3B4In0.3dkyK21b5g2mikWJKftEW6OdLGtpZ_rrgxbGmxYzJ2A/s/778057492/br/129038145693-l">
<span style="color:#14506E">Tier One/Tier Two Member Forms</span></a> webpages.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">When retirement nears</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">If you’re close to your desired retirement age, it’s time to
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1RpZXJPbmUtVGllclR3by1TdGVwcy10by1SZXRpcmUuYXNweCJ9.xc3jhH6pjyKkyAmqRnlFetzWgZzv3_11gVyaIXH2fXU/s/778057492/br/129038145693-l">
<span style="color:#14506E">review the steps</span></a> you need to take to retire.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">PERS recommends you start these preparations early to avoid delays in your retirement process. Preparations should include getting
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNjksInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL0JlbmVmaXQtRXN0aW1hdGVzLmFzcHgifQ.HRP1eeFMmtNGxg69FMQbMrwtXtOPwQrfJZBzTfaNXcU/s/778057492/br/129038145693-l">
<span style="color:#14506E">online or written benefit estimates</span></a> of what your pension payments could be and participating in a
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvTUVNL1BhZ2VzL1RpZXItT25lLVRpZXItVHdvLVByZXNlbnRhdGlvbnMtSW5kZXguYXNweCJ9.wsnX6_d_Zbgzs4vZZhLQRc-bn0BpQjFIuOzmF9eGy6Y/s/778057492/br/129038145693-l">
<span style="color:#14506E">PERS education session</span></a>.<o:p></o:p></span></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Post-retirement health plans</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"><o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">How will your health care needs be covered in retirement? Learn about Medicare and non-Medicare plans and options for supplemental medical and dental insurance through the
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzEsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5wZXJzaGVhbHRoLmNvbS8ifQ.nFytqE48z7mxeDBoPDhnZ7lG3Q3g2OtOxhpvL9XFo68/s/778057492/br/129038145693-l">
<span style="color:#14506E">PERS Health Insurance Program</span></a>.<o:p></o:p></span></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Be aware: Protect yourself from potential fraud<o:p></o:p></span></h1>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">PERS staff will not make unsolicited calls to you and will never ask you for account login or financial information.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">PERS will only contact you in response to a request you made, a form you submitted, or another action you took. If you are unsure whether someone contacting you is from PERS, call
Member Services directly at 1-888-320-7377 to check.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">Read more on our
<a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvTmV3cy9Qcm90ZWN0LVlvdXJzZWxmLWZyb20tRnJhdWQuYXNweCJ9.sr4ETpXvNOutp5Y5mySCaitQaUp785WmDjSm3YL0rRI/s/778057492/br/129038145693-l">
<span style="color:#14506E">Protect Yourself from Fraud</span></a> webpage.<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black"> <o:p></o:p></span></p>
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<p class="MsoNormal"><img border="0" width="144" height="144" style="width:1.5in;height:1.5in" id="_x0000_i1042" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2022/03/5674703/4020162/scam-icon-02_crop.png" alt="Scam icon"><o:p></o:p></p>
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<span style="font-size:16.5pt;font-family:"Helvetica",sans-serif;color:#14506E">Stay informed with PERS email or text updates<o:p></o:p></span></h1>
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<p class="MsoNormal"><img border="0" width="143" height="143" style="width:1.493in;height:1.493in" id="_x0000_i1041" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2021/11/5215370/4020163/email-icon-01_crop.png" alt="Email icon"><o:p></o:p></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:black">You can get alerts on topics that include:<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Member news<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l9 level1 lfo10;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">PERS Health Insurance Program<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l9 level1 lfo10;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">Legislation affecting members<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l9 level1 lfo10;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">PERS Board meetings<o:p></o:p></span></li><li class="MsoNormal" style="color:black;mso-margin-top-alt:auto;margin-bottom:7.5pt;mso-list:l9 level1 lfo10;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif">PERS administrative rulemaking<o:p></o:p></span></li></ul>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="color:black"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvT1JQRVJTL3N1YnNjcmliZXIvbmV3In0.dF1QlsUJ9RbKAiR5a5ZCUhnPZYHElMHUprXn0LbP3DI/s/778057492/br/129038145693-l" target="_blank" title="SIGN UP FOR GOVDELIVERY"><strong><span style="font-size:13.0pt;font-family:"Helvetica",sans-serif;color:white;text-decoration:none">Sign
up for PERS alerts</span></strong></a></span><o:p></o:p></p>
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<p class="MsoNormal" align="center" style="text-align:center"><img border="0" width="170" height="149" style="width:1.7708in;height:1.5486in" id="_x0000_i1040" src="https://content.govdelivery.com/attachments/fancy_images/ORPERS/2021/11/5176328/pers_original.png" alt="Oregon PERS: 75 Years of Serving those who serve Oregon"><o:p></o:p></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">Mailing address:</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white"><br>
PERS<br>
PO Box 23700<br>
Tigard, OR 97281-3700<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">Physical address:</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white"><br>
11410 SW 68th Parkway Tigard, OR 97223<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">Phone:</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white"> 888-320-7377<o:p></o:p></span></p>
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<strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">TTY:</span></strong><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white"> 503-603-7766<o:p></o:p></span></p>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">Phone lines open 8:30 a.m. to 5 p.m. Monday through Friday, except holidays.<o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Helvetica",sans-serif;color:white"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzQsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvUGFnZXMvQWJvdXQtVXMuYXNweCJ9.QCgkjzBEOAuUDcID40o1TVIMC5VS_FV5Nb69E_LPkec/s/778057492/br/129038145693-l" target="_blank"><span style="color:white">About
PERS</span></a><o:p></o:p></span></h3>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:7.5pt;margin-left:0in;-webkit-text-size-adjust: 100%;-ms-text-size-adjust: 100%">
<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">We serve the people of Oregon by administering public employee benefit trusts to pay the right person the right benefit at the right time.<o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Helvetica",sans-serif;color:white"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzUsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvcGFnZXMvYm9hcmQvcGVycy1ib2FyZC1pbmZvcm1hdGlvbi5hc3B4In0.mBVoapgCCLSSi9-Q3SJSeZavZv4Ewtvv2uSnflMAF7A/s/778057492/br/129038145693-l" target="_blank"><span style="color:white">PERS
Board</span></a><o:p></o:p></span></h3>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">Chair: Sadhana Shenoy<br>
Vice Chair: Lawrence Furnstahl<br>
Members: Stephen Buckley, Jardon Jaramillo, and John Scanlan<o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Helvetica",sans-serif;color:white">PERS leadership<o:p></o:p></span></h3>
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<span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">Director: Kevin Olineck<br>
Deputy Director: Yvette Elledge-Rhodes<br>
Chief Financial Officer: Richard Horsford<br>
Chief Information Officer: Jordan Masanga<br>
Chief Compliance, Audit, and Risk Officer: Jason Stanley Chief Operations Officer: Sam Paris<o:p></o:p></span></p>
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<span style="font-size:11.5pt;font-family:"Helvetica",sans-serif;color:white">For more information contact:<o:p></o:p></span></h3>
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| <strong><span style="font-family:"Helvetica",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzcsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5wZXJzaGVhbHRoLmNvbS9jb250YWN0LyJ9.dF6C423sgchyax24WfFX6sOf1fw6-bTCfWNvjf4c5_U/s/778057492/br/129038145693-l" target="_blank"><span style="color:white">PHIP</span></a></span></strong>
| <strong><span style="font-family:"Helvetica",sans-serif"><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxNzgsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjA0MDEuNTU4MTY0NzEiLCJ1cmwiOiJodHRwczovL3d3dy5vcmVnb24uZ292L3BlcnMvT1NHUC9QYWdlcy9Db250YWN0LVVzLmFzcHgifQ.BawQ92BVevpa9Ak-SUpwW3za4YLraW8LYQMw5oKf78Y/s/778057492/br/129038145693-l" target="_blank"><span style="color:white">OSGP</span></a></span></strong><o:p></o:p></span></p>
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<em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white">Perspectives</span></em><span style="font-size:10.5pt;font-family:"Helvetica",sans-serif;color:white"> is published by the Oregon Public Employees Retirement System for the benefit
of members and employers. It is emailed three times a year.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#757575">This email was sent to shauna.m.tobiasson@oregon.gov 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>
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