Member Choice is open online in September
From Sept. 1 – 30, non-retired PERS members can use Online Member Services to change the target-date fund where their Individual Account Program (IAP) accounts are invested. This option is called Member Choice.
Instructions
Members who wish to change their target-date fund can follow the instructions on the webpage How to make an IAP target-date fund election online.
Members who wish to stay in their current fund don’t need to do anything.
Learn more
Employees should read the following resources before electing to make any changes:
- The webpage What is the IAP?, which explains the Individual Account Program.
- The webpage IAP target-date funds, which explains target-date funds and includes more details about Member Choice, including eligibility limitations and certification requirements.
- The webpage How to make an IAP target-date fund election online, which provides instructions for making changes in OMS.
- The webpage Senate Bill 1049 member information, which discusses the legislation that created the Member Choice option.
- The August 2026 PERS member email about Member Choice.
About Member Choice
Member Choice, an option created by Senate Bill 1049, allows IAP participants to choose new target-date funds for their IAP accounts based on their retirement savings goals or personal risk tolerance.
Target-date fund changes made this September will go into effect on Jan. 1, 2027. Investment returns resulting from that change will appear on 2027 member annual statements, which members will receive in spring 2028.
PERS members who want advice about choosing a target-date fund should talk to a financial advisor. PERS staff are not certified financial planners nor tax advisors and cannot give financial planning advice.
To stay informed about options like these, employees are encouraged to sign up for email notifications from PERS. You can receive emails about Member Choice directly from PERS if you sign up for the “IAP target-date fund/Member Choice” topic.