Annual DROP interest rate determination – Each February, the APERS board of trustees determines the rate of interest to be credited on contributions to Deferred Retirement Option Plan (DROP) accounts for the upcoming fiscal year. At the February 15 meeting, the board adjusted the rate to 3% effective July 1, 2023. This rate affects current DROP participants who have not exceeded the 10-year participation limit. We mail annual DROP statements in August of each year, and DROP participants can view the current rate on their statement.

APERS regular quarterly board meeting .is scheduled for February 15, 2022. Click here to download the meeting agenda.  Click here to download the public board packet.  For more information on meetings and other board-related material, visit the APERS Board page.

1099 R will be mailed out by January 31. We will start accepting requests for reprints on February 15, 2023. Duplicates are available now on the MSS portal.

APERS Holiday Closings - The APERS offices will be closed on Friday, December 23 and Monday, December 26 in observance of Christams Eve and Christmas Day.  We will close again on Monday, January 2 in observance of the New Year's Day holiday.  Click here to view the official notice from the office of the Secretary of State.