PERF Customers Embrace Convenient Online Technology
Employers, members abandon paper forms for online convenience
INDIANAPOLIS (Aug. 27, 2007) – Nearly 30,000 PERF members and hundreds of employer representatives are increasingly abandoning paper forms for the convenience of online transactions, according to a June 30 quarterly scorecard submitted to the pension fund’s board of trustees at its Aug. 17 meeting.
Since November of 2005, the Public Employees’ Retirement Fund (PERF) has aggressively worked to provide simple online tools to help employers and members replace cumbersome paper forms with secure transactions via the PERF Online service.
The number of PERF members registered for an online account more than doubled from 13,441 in June 2006 to 28,204 in June 2007. That number climbed to 30,000 in July. Members accessing their accounts may view and edit personal information, estimate future retirement benefits and change investment options. Employers use PERF Online to update and submit information regarding their employees in PERF-covered positions.
The number of computer-aided transactions tracked on the June, 2007 scorecard grew to 38 percent of all transactions with PERF – an increase from 13 percent in June of 2006. The increase reflects close tracking of a variety of new PERF Online services.
“June’s increase reflects both a growing number of PERF Online users and our efforts to more thoroughly track how this service is used by our customers,” said Executive Director Terren B. Magid. “We’ve worked hard to make interaction with PERF as convenient as possible for both employers and members, and these numbers reflect that effort.
Members and employers wishing to register for secure PERF Online services may visit the site at http://www.in.gov/perf and select the “log in” option. Employers also may register for PERF Online training via the website.
About PERF
The Public Employees’ Retirement Fund (PERF) is a $17.2 billion retirement fund headquartered in Indianapolis. PERF serves the needs of more than 220,000 public employees and retirees throughout Indiana.
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CONTACT:
Jeff Hutson
Director of Communications
(317) 234-3401
jhutson@perf.in.gov
