If you are uncertain whether an individual should be classified as an employee or an independent contractor, we recommend that you submit a copy of the contract in question to your PERS employer coordinator for review. The coordinator will send you a written confirmation of the PERS determination. Keep in mind that PERS is reviewing an individual's situation for PERS purposes only. Our determination as to employee versus independent contractor status has no bearing on any responsibilities your employer may have with regard to Federal and State taxes, just as their determination of status does not compel PERS to make a similar designation. These dollars plus the earnings make up the member account posted on the annual statement each year.
PERS has a well diversified portfolio.
The investments are in bonds, stocks, mortgage loans and government securities. All contributions must be received by PERS within 15 days after the date on the paycheck. The contributions are to be deposited in the member's account. In addition to the employee contribution, the employer pays a separate contribution each pay period into the employer reserves. The employer reserve is used to fund PERS member benefits.