The Public Employee Retirement System (PERS) Employer Advisory Group met mid-January to discuss several issues related to PERS. A prime focus of the group was implementation of SB 1049, a PERS reform measure passed in the 2019 Legislative Session. A summary of activities related to the main elements of the reform were provided by PERS staff at the meeting.
The Employer Incentive Fund (EIF), a matching fund, providing 25 percent matches to employers making contributions to side accounts was reported to have reached maximum use on the second round of applications in December, resulting in a waiting list for matching grants. $100 million was initially allocated to the fund by the 2019 Legislature. Some em