You may recall Senate Bill 1049 ushered in several changes to the Oregon PERS system, particularly the Individual Account Program (IAP). One of the more notable changes now occurs on an annual basis. More specifically, active, non-retired IAP participants may select a different target date fund for their IAP investment dollars. Annually on September 1st, Oregon PERS will now allow participants to choose a different target date fund to invest. Members will have from September 1st through the 30th to make any changes. Those changes will become effective in IAP accounts on January 1st, 2022.
For more information, including a review of available target date funds and a step by step guide to making changes, please review the Oregon PERS Taget Date Fund page by clicking here. Oregon IAP Target Date Fund Page
Please don't hesitate to reach out with any questions you have or if you'd like to discuss how this may impact your particular situation.
*The target date of a target date fund may be a useful starting point in selecting a fund, but investors should not rely solely on the date when choosing a fund or deciding to remain invested in one. Investors should consider funds' asset allocation over the whole life of the fund. Often target date funds invest in other mutual funds and fees may be charged by both the target date fund and the underlying mutual funds. The principal value of these funds is not guaranteed at any time, including at the target date.