Each September, members who have not retired from their Individual Account Program (IAP) can make a “Member Choice" election, which allows you to pick a Target-Date Fund (TDF) that better reflects your retirement savings goals or your personal risk tolerance. Learn more on the
IAP target-date funds webpage.
Follow these steps to make your election in
Online Member Services (OMS) from
September 1-30.
Step one
Log into
OMS. Please make sure you have OMS open in only one web browser or tab.
Don't have a login?
Click
Open a New Account on the login page and follow the prompts. Once you have created your account, use your new User ID and Password to log into OMS.
Step two
Click the
Member link listed under
Account Type.
Step three
Click the
IAP TDF Information link from the
Site Navigation sidebar on the left of your
Account Summary page.
Step four
You are now on the main
IAP TDF Information page. From this page, you can:
Click
Add New TDF to proceed.
Step Five
You are now on the
IAP TDF Election page.
Your
Current IAP TDF shows the IAP TDF you are invested in for the current calendar year.
Notice: You
must read Oregon State Treasury's
Understanding IAP target-date funds and Member Choice document if you want to choose a different TDF for the next calendar year. You also can read the disclosure statement on
Treasury's IAP investment information page.
Use the
Select TDF dropdown menu to choose a TDF for the upcoming calendar year.
Review the 10 IAP target-date funds listed in the
Select TDF dropdown menu. Select your new TDF.
Before making your selection, you are required to read about the investment strategies, risks, and return characteristics of each TDF on Treasury's IAP website or read Treasury's Understanding IAP target-date funds and Member Choice disclosure statement.
Confirm your
Next Calendar Year IAP TDF is correct, and click
Next.
Step Six
This will take you to the
IAP TDF Election — Confirmation and Acceptance, in which you would click the box certifying that you have visited
www.oregon.gov/IAP and accept the information. After checking the box, you would click the Submit button.
Before you check the acceptance box and click Submit:
Read the acknowledgement statements.
Confirm you have visited
www.oregon.gov/IAP and read the
Understanding IAP target-date funds and Member Choice document to understand the risk and return characteristics of your TDF.
Confirm that the TDF you chose is shown in the
You have selected … statement.
Important: Once you check the acceptance box and click Submit, your choice is irrevocable and cannot be canceled. You can only change your TDF once per calendar year. Your choice will remain in effect unless you make a new election during a subsequent year's election window.
- Check the acceptance box and click
Submit.
Note: If the acceptance box is not checked, an error message will appear.
Confirmation of your IAP TDF election
A confirmation message will display when you successfully complete your TDF election. You should print or save this page for your records.
Your IAP TDF Information page will now show the TDF you chose for the upcoming calendar year.
