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The ASA Only plan allows you to actively participate in managing your retirement benefits through self-directed investment options. The 3 percent fixed and variable contributions (employer share) to your account are invested as a combined total according to your choices in one or more of the eight options available through PERF:
You may choose among these options after you elect in the plan.
You may log in to your PERF Online account to complete your investment direction election. Or, to complete your request via phone with a customer service representative, call (888) 526-1687 Monday through Friday from 8 a.m. to 8 p.m. EST, except holidays and weekends.
All contributions will initially go to a target date fund until you elect the ASA Only plan or default to the PERF Hybrid plan. You will be able to view daily valuations of your ASA contributions and make daily changes to your investment allocations.
You can invest a portion of your account (present balance and future contributions) into any or all of the investment funds in at least 1 percent increments. Or, you can invest your current contributions and new contributions separately. This means you can direct both current and future contributions or leave current balances as they are and direct future contributions only.
For further information on the self-directed investment options, and PERF’s investment activities, visit the investing section of the Web site.