Posted in Oregon-PERS, Politics, Uncategorized, tagged 401K, BlackRock, blackstone, Chief Investment Officer, Director, Fidelity, IAP, John Skjervem, kkr, Lead testing, Lonestar, Media, northern trust, OIC, onpoint, Oregon, PERS, Portland Schools, Portland Teachers Credit Union, Retirement, Rukaiya Adams, State of Oregon, Steve Goldschmidt, Target Funds, Tier 1, Tier2, tpg, Unions, Vanguard, Water on September 18, 2017|
In 2004 the State of Oregon decided to isolate the “employee contribution” part of PERS and put these amounts into what are called IAP (Individual Account Program) accounts. These 200,000 IAP accounts are essentially a defined contribution program, not unlike a 401K, for which members earn returns based upon market results with no guaranteed rate of return.
