Public Employees Retirement System

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2010 at its March 28, 2011 meeting:

 

ACCOUNTS

Tier One Member Regular 8.00%
Tier Two Member Regular 12.44%
Individual Account Program 12.13%
Variable 15.17%

 

2010 RESERVING/CREDITING

Reserve/Account Balance Before 2010 Crediting ($ millions) Final 2010 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Contingency $653.2 $81.3 $734.4
Tier One Member Regular Accounts 6,453.6 505.9 6,959.5
Tier One Rate Guarantee -441.8 246.6 -199.2
Benefits in Force (BIF) 18,308.7 2,279.4 20,588.1
Tier Two Member Regular Accounts 624.0 77.6 701.6
Employer 15,068.6 1,876.0 16,944.6
OPSRP Pension 587.3 67.3 654.6
UAL Lump-Sum Payment Side Accounts 4,931.5 647.7 5,579.2
IAP Accounts 3,154.3 382.7 3,537.0
TOTAL $49,339.2 $6,160.6 $55,499.8