Member Contributions

As a Tier One member A PERS member who began his or her six-month waiting period before January 1, 1996. or Tier Two member A PERS member who began his or her six-month waiting period on or after January 1, 1996, but before August 29, 2003. (except judge members), you are required to contribute 6 percent of your salary, as defined by ORS 238.005, into an employee account within the Individual Account Program (IAP). You retain your existing PERS Tier One/Tier Two regular and variable member accounts, but any employee contributions made on or after January 1, 2004, are deposited into your IAP, not into your Tier One or Tier Two member account.

PERS credits earnings and losses to your IAP account and charges administrative costs for maintaining your IAP account, as required by law.

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.