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You received this email because you are a PERS employer contact. Review your GovDelivery subscriptions here. Please share the following information with your staff.
Reminder: IAP Member Choice closes September 30
This information is for members* who have not retired from their Individual Account Program (IAP). If you have already retired or withdrawn your IAP, Member Choice does not apply to you.
Read PERS' September 1 email with full details about Member Choice.
As a participant in the Individual Account Program (IAP), you are currently invested in the default IAP investment option, an IAP Target-Date Fund (TDF) based on your year of birth.
You have the option until Wednesday, September 30, 2020, to make a "Member Choice election," which allows you to pick a TDF for the upcoming year (2021). Member Choice allows you to pick a TDF that better reflects your retirement savings goals or your personal risk tolerance. This email serves as a final notice for this year’s Member Choice election period.
Member Choice is optional. You do not have to take any action. If you do nothing, you will continue to be invested in your current TDF.
*Only members who have not retired from their IAP can change their TDF. Also ineligible for Member Choice are: alternate payees, beneficiaries, public employees who have not yet completed their six-month waiting period to establish PERS membership, and members who have already withdrawn or distributed their IAP balance.
Questions about COVID-19 and PERS? Read our statement on COVID-19 and agency mitigation measures.
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