How to change the way your PERF funds are being invested

Q. I have questions about redirecting my voluntary PERF contribution (heck, I'm scared silly). Is there any information available to help me?

Scared Silly


A. Scared Silly, here's the scoop. Your question indicates you know that the funds in your Annuity Savings Account (ASA) are directed to investments as chosen by the plan participant (that's you!). You can "redirect" your funds four times per year (Jan 1, April 1, July 1, and October 1). ALSO, YOU MUST NOTIFY PERF AT LEAST 30 DAYS BEFORE A "REDIRECTION DATE" LISTED ABOVE FOR THE CHANGE TO GO INTO EFFECT AS REQUESTED. In other words, if you 'd like to change your investment direction effective October 1, you MUST have your form into PERF by September 1.

We're really glad you asked this question now. That's because PERF participants will be receiving their Quarterly Statement from PERF in the mail any day now reporting ASA investment results for the quarter ending June 30. Participants are advised to review their statements and decide if they want to make any adjustments to the way their funds are being invested. If you do decide to make a change, please know that both your curent account funds and all future contributions to your account will be invested as you now instruct.

There are two ways to redirect your investment funds. First, you can do this on-line by going to www.perf.in.gov, click on LOG IN HERE (yellow box), log-in, and then complete the on-line Investment Direction Form.

(If you have not registered to be able to access your PERF account information on-line, you must do this first. Instructions for doing this are also available at the PERF website listed above.)

The second way to change your investment direction is to go to www.perf.in.gov, then click on the Common Member Forms tab in the column on the left. From there, look at the list of forms under the heading For Members of the Public Employees' Fund. The Investment Direction form is the fourth form listed. Click on that, and print the form. Complete the form, and mail it to PERF.

If you have other questions about this process, call PERF toll free at 1-888-526-1687 or contact Peter Ford in ACPL Human Resources (x1231).

Thanks for the question!

Peter Ford