Public Employees Retirement System

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