IAP installments

If you no longer want to receive Individual Account Program (IAP) installment payments, you can choose to receive a one-time, lump-sum distribution of the remainder of your IAP balance. You can also rollover your remaining IAP balance to another qualified plan.

Please be aware that you may need to fill out specific tax and acknowledgement forms depending on where we are sending the remaining balance. Mail forms to PERS at PO Box 23700, Tigard OR 97281-3700, or fax to 503-598-0561.

1. If you elect a direct distribution of your remaining account balance, you must complete and submit the following forms:

• IAP Rollover-Eligible Distribution
• Tax Withholding Form for IAP Rollover-Eligible Distributions
• Acknowledgement of Receipt of Federal Tax Information Disclosure

2. If you elect to roll your remaining account balance to an IRA, you must complete and submit the following forms:

• IAP Rollover-Eligible Distribution

3. If you elect to roll your remaining account balance to an eligible employer plan or deferred compensation plan, you must complete and submit the following forms:

• IAP Rollover-Eligible Distribution
• IAP Direct Transfer Rollover Acceptance Note: This form must be signed by a plan representative.
  

Note: If you elect a partial rollover of your remaining account balance, you must complete the forms listed under No. 1 for a direct distribution and the applicable rollover forms listed in No. 2 or No. 3.

In compliance with the Americans with Disabilities Act (ADA), PERS will provide PDF documents on this page in an alternate format upon request. To request a document in an alternate format, call 888-320-7377 (toll free) or TTY 503-603-7766.