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Young Case 2 Update (8-6-08)
Retired members impacted only by Young Case 2 (April – October 2008)*
PERS will apply additional contributions and earnings retroactively. Staff will adjust and re-calculate benefits for retirements retroactively to the retirement date.
 
Retired members impacted by Young Case 2 and Strunk and Eugene Adjustments (completed by June 2008 with some exceptions)*
PERS applied additional contributions and earnings retroactively. The Strunk and Eugene Adjustment Section adjusted and re-calculated retirement benefits retroactively to the retirement date.
 
Non-retired members impacted by Young Case 2 with special conditions (June – January  2009)*
PERS will apply additional contributions and earnings to member accounts with special conditions, e.g., divorce, refunds, deceased, etc. We will also review potential adjustments for any benefits paid out (refunds, death benefits).
 
Non-retired members impacted only by Young Case 2 (completed by July 2008 with some exceptions)*
PERS applied additional contributions and earnings retroactively for members who are not currently receiving a benefit. The adjustment will be included on the member’s 2008 annual statement.
 
* Some accounts may require additional research and time; we expect to complete these by March 1, 2009.