Oregon statute requires active Tier One and Tier Two members to contribute 6 percent of their salaries into the Individual Account Program (IAP) portion of OPSRP. As of January 1, 2004, Tier One and Tier Two members no longer make contributions into their Tier One/Tier Two regular or variable member accounts.
PERS credits IAP accounts with earnings and losses. By law, PERS charges the members administrative costs to maintain their IAP accounts.
If your employer had been paying your employee contribution into your Tier One/Tier Two member account, whether by "pick-up" or assumed and paid, your employer may change its practice of paying your member contributions by giving written notice to the PERS Board that a written employment policy or collective bargaining agreement has been adopted or changed.