The Individual Account Program (IAP) is a defined contribution program for all active
Effective January 1, 2004, PERS started placing 6 percent of your subject salary into your IAP account. The IAP can have earnings or losses.
Earnings are credited annually to your account. This allows PERS to work with employers to ensure your contributions are accurate and complete before allocating earnings on a year-end balance basis. By allocating earnings at the end of the year, you are not adversely affected by posting delays or corrections.