The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2016 at its April 3, 2017 meeting:
Accounts
| Tier One Member Regular | 7.50% |
|---|
|
Tier Two Member Regular | 7.15% |
| Individual Account Program | 7.13% |
| Variable | 8.76% |
2016 reserving/crediting
| Reserve/Account | Balance Before 2016 Crediting ($ millions) | Final 2016 Crediting Amount
($ millions) | Final Ending Reserve Balance ($ millions) |
|---|
| Contingency | $583.7 | - | $583.7 |
|---|
| Tier One Member Regular Accounts | 4,547.0 | 341.0 | 4,888.0 |
|---|
| Tier One Rate Guarantee | 183.2 | (2.4) | 180.8 |
|---|
| Benefits in Force (BIF) | 20,550.4 | 1,461.3 | 22,011.7 |
|---|
| Tier Two Member Regular Accounts | 816.8 | 58.4 | 875.2 |
|---|
| Employer | 23,235.6 | 1,663.0 | 24,898.6 |
|---|
| OPSRP Pension | 2,807.8 | 198.8 | 3,006.6 |
|---|
| UAL Lump-Sum Payment Side Accounts | 5,005.8 | 383.2 | 5,389.0 |
|---|
| IAP Accounts | 6,858.5 | 489.3 | 7,347.8 |
|---|
|
TOTAL |
$64,588.8 |
$4,592.6 |
$69,181.4 |
|---|