Public Employees Retirement System

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2014 at its March 30, 2015 meeting:

 

ACCOUNTS

Tier One Member Regular 7.75%
Tier Two Member Regular 7.24%
Individual Account Program 7.05%
Variable 4.29%

 

2014 RESERVING/CREDITING

Reserve/Account Balance Before 2014 Crediting ($ millions) Final 2014 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Contingency $651.2 - $651.2
Tier One Member Regular Accounts 5,189.0 402.1 5,591.1
Tier One Rate Guarantee 434.2 5.5 439.7
Benefits in Force (BIF) 22,197.9 1,609.0 23,806.9
Tier Two Member Regular Accounts 813.0 58.9 871.9
Employer 21,563.9 1,563.0 23,126.9
OPSRP Pension 1,887.7 133.9 2,021.6
UAL Lump-Sum Payment Side Accounts 5,452.1 424.8 5,876.9
IAP Accounts 6,107.2 422.5 6,529.7
TOTAL $64,296.2 $4,619.7 $68,915.9