Public Employees Retirement System

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2015 at its March 28, 2016 meeting:

 

ACCOUNTS

Tier One Member Regular 7.75%
Tier Two Member Regular 1.87%
Individual Account Program 1.85%
Variable -1.61%

 

2015 RESERVING/CREDITING

Reserve/Account Balance Before 2014 Crediting ($ millions) Final 2014 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Contingency $588.6 - $588.6
Tier One Member Regular Accounts 4,931.8 382.2 5,314.0
Tier One Rate Guarantee Reserve 448.8 (281.3) 167.5
Benefits in Force (BIF) Reserve 21,917.8 410.8 22,328.6
Tier Two Member Regular Accounts 837.6 15.7 853.3
Employer 23,075.3 432.2 23,507.5
OPSRP Pension 2,344.9 42.8 2,387.7
UAL Lump-Sum Payment Side Accounts 5,510.3 122.5 5,632.8
IAP Accounts 6,749.6 122.8 6,872.4
TOTAL $66,407.7 $1,247.7 $67,652.4