About Member Choice
Member Choice, an option created by Senate Bill 1049, allows Individual Account Program (IAP) participants to remain in their current target-date funds or pick new ones, depending on their retirement savings goals or personal risk tolerance.
Target-date fund changes made this September will go into effect on Jan. 1, 2024. Investment returns resulting from that change will appear on 2024 member annual statements, which members will receive in spring 2025.
Instructions
Members who wish to stay in their current fund don’t need to do anything.
Members who wish to change their target-date fund can follow a step-by-step guide on how to use Online Member Services (OMS) to make an online election.
Learn more
PERS members should read the following before electing to make any changes:
- PERS’ IAP target-date funds webpage, which includes more details about Member Choice, including eligibility limitations and certification requirements.
- PERS’ step-by-step guide on how to use OMS to make an online election.
- Information about Senate Bill 1049, which created the Member Choice option.
You may view the August 2023 PERS member email about Member Choice online.