Page 24 - Public Employees Retirement Fund My Choice Plan Member Handbook for Local Government Employees

5 Investment Options
INPRS offers a variety of investment options from which you can choose to invest your My Choice Defined Contribution (DC) funds.
INPRS is unable to provide investment advice. The Investment Fund Performance Fact Sheets available on the Investment Fact Sheets page of the INPRS website give you more detailed information on each of the investment options. You may want to talk to a trusted financial advisor or review the Investing 101 page on the INPRS website.
5.1 My Choice Defined Contribution Account
Your PERF My Choice: Retirement Savings Account is a DC account.
Your DC account is money set aside for you to be used after you separate from PERF employment. The funds in this account come from money your employer contributed, and/or money you contributed, and money earned from investing your account:
• mandatory contributions
• voluntary contributions (pre- and post-tax) • investment profits and losses
• vested employer contributions
For individuals only a PERF My Choice member based on being a volunteer firefighter with a political subdivision that has elected to cover those individuals, the funds in your account come from money that your employer contributed to your member contribution account in addition to investment profits and losses.
NOTE: If you belonged to the PERF My Choice: Retirement Savings Plan prior to January 1, 2018, and elected to participate in the Voluntary Pre-Tax Contribution account, you will continue having voluntary pre-tax contributions taken from your pay and credited to your DC account. However, if you were not enrolled in the Voluntary- Pre-Tax Contribution account as of January 1, 2018, it is no longer available. If
you were enrolled in that plan and re-employed with the same employer, you are required to continue with the voluntary pre-tax deductions. Enrollment in the plan is irrevocable.
Upon enrollment in PERF My Choice, you are enrolled in the Target Date Fund (default) based on the projected date you are eligible for retirement. Your DC will continue with this investment option until you make other selections. You can view or change your investment options and choose from several available options. You can log in to your account at myINPRSretirement.org to complete your investment direction elections, or contact the Member Service Center at (844) GO-INPRS (844-464-6777) where you can complete your request via phone with a CSR.
Public Employees Retirement Fund My Choice Plan Page 24 of 50 Member Handbook for Local Government Employees
Effective: 07/01/2020